| (in € millions) | 31/12/2021 | Acquisitions | Disposals | 31/12/2022 |
|---|---|---|---|---|
| Concessions, patents and licences | Concessions, patents and licences 31/12/2021 15 |
Concessions, patents and licences Acquisitions 1 |
Concessions, patents and licences Disposals
|
Concessions, patents and licences 31/12/202215 |
| Total intangible assets | Total intangible assets 31/12/2021 15 |
Total intangible assets Acquisitions 1 |
Total intangible assets Disposals – |
Total intangible assets31/12/202215 |
| Land | Land 31/12/2021 2 |
Land Acquisitions
|
Land Disposals
|
Land 31/12/20222 |
| Constructions | Constructions 31/12/2021 14 |
Constructions Acquisitions
|
Constructions Disposals
|
Constructions 31/12/202214 |
| Other property, plant and equipment and assets under construction | Other property, plant and equipment and assets under construction 31/12/2021 7 |
Other property, plant and equipment and assets under construction Acquisitions 2 |
Other property, plant and equipment and assets under construction Disposals 1 |
Other property, plant and equipment and assets under construction 31/12/20229 |
| Total property, plant and equipment | Total property, plant and equipment 31/12/2021 23 |
Total property, plant and equipment Acquisitions 2 |
Total property, plant and equipment Disposals 1 |
Total property, plant and equipment 31/12/202224 |
| (in € millions) | 31/12/2021 | Expense | Reversals | 31/12/2022 |
|---|---|---|---|---|
| Concessions, patents and licences | Concessions, patents and licences 31/12/2021 12 |
Concessions, patents and licences Expense 1 |
Concessions, patents and licences Reversals
|
Concessions, patents and licences 31/12/202213 |
| Total intangible assets | Total intangible assets 31/12/2021 12 |
Total intangible assets Expense 1 |
Total intangible assets Reversals – |
Total intangible assets31/12/202213 |
| Constructions | Constructions 31/12/2021 6 |
Constructions Expense 2 |
Constructions Reversals
|
Constructions 31/12/20227 |
| Other property, plant and equipment | Other property, plant and equipment 31/12/2021 5 |
Other property, plant and equipment Expense 1 |
Other property, plant and equipment Reversals (1) |
Other property, plant and equipment 31/12/20225 |
| Total property, plant and equipment | Total property, plant and equipment 31/12/2021 10 |
Total property, plant and equipment Expense 3 |
Total property, plant and equipment Reversals (1) |
Total property, plant and equipment 31/12/202212 |
Investments in subsidiaries and affiliates are measured at their cost of acquisition. In accordance with Regulation 2004-06, issued by the Comité de la Réglementation Comptable (CRC, the French accounting regulations committee), on the definition and recognition of assets, VINCI includes all associated acquisition expenses in the cost of investments in subsidiaries and affiliates. If this cost is greater than the asset’s value in use, an impairment allowance is taken equal to the difference.
Value in use is determined on the basis of the portion of the equity represented by the investments. This portion is adjusted if necessary to take account of the cash flow prospects for the companies in question.
Capital gains or losses on disposal of shareholdings are recorded under “Net exceptional income/(expense)”.
Loans and receivables are measured at nominal value. Impairment allowances are taken in respect of all these items if there is a risk of non-recovery.
| (in € millions) | 31/12/2021 | Acquisitions / Increases | Disposals / Decreases | Contributions | 31/12/2022 |
|---|---|---|---|---|---|
| Investments in subsidiaries and affiliates | Investments in subsidiaries and affiliates 31/12/2021 26,283 |
Investments in subsidiaries and affiliates Acquisitions / Increases 71 |
Investments in subsidiaries and affiliates Disposals / Decreases (2) |
Investments in subsidiaries and affiliates Contributions
|
Investments in subsidiaries and affiliates 31/12/202226,351 |
| Receivables connected with investments in subsidiaries and affiliates | Receivables connected with investments in subsidiaries and affiliates 31/12/2021 13,891 |
Receivables connected with investments in subsidiaries and affiliates Acquisitions / Increases 340 |
Receivables connected with investments in subsidiaries and affiliates Disposals / Decreases (758) |
Receivables connected with investments in subsidiaries and affiliates Contributions
|
Receivables connected with investments in subsidiaries and affiliates 31/12/202213,473 |
| Other non-current financial assets | Other non-current financial assets 31/12/2021 3 |
Other non-current financial assets Acquisitions / Increases
|
Other non-current financial assets Disposals / Decreases
|
Other non-current financial assets Contributions
|
Other non-current financial assets 31/12/20223 |
| Total | Total 31/12/2021 40,177 |
Total Acquisitions / Increases 411 |
Total Disposals / Decreases (760) |
Total Contributions – |
Total 31/12/202239,828 |
Operating investments mainly relate to the incremental purchase price paid in 2022 as part of the Cobra IS acquisition that was completed in late 2021.
Receivables connected with investments in subsidiaries and affiliates are mainly comprised of loans granted by VINCI SA to VINCI Autoroutes, VINCI Airports and VINCI Finance International, as well as to two property investment subsidiaries, Hébert-Les Groues and Césaire-Les Groues, as investors and programme managers for the Group’s head office in Nanterre.
| (in € millions) | 31/12/2021 | Expense | Reversals | 31/12/2022 |
|---|---|---|---|---|
| Investments in subsidiaries and affiliates | Investments in subsidiaries and affiliates 31/12/2021 21 |
Investments in subsidiaries and affiliates Expense 19 |
Investments in subsidiaries and affiliates Reversals – |
Investments in subsidiaries and affiliates 31/12/202240 |
| Receivables connected with investments in subsidiaries and affiliates | Receivables connected with investments in subsidiaries and affiliates 31/12/2021 4 |
Receivables connected with investments in subsidiaries and affiliates Expense
|
Receivables connected with investments in subsidiaries and affiliates Reversals
|
Receivables connected with investments in subsidiaries and affiliates 31/12/20224 |
| Other non-current financial assets | Other non-current financial assets 31/12/2021 3 |
Other non-current financial assets Expense
|
Other non-current financial assets Reversals
|
Other non-current financial assets 31/12/20223 |
| Total | Total 31/12/2021 27 |
Total Expense 19 |
Total Reversals – |
Total 31/12/202247 |
