Transactions with related companies recorded in 2022 break down as follows:
| (in € millions) | |
|---|---|
| Financial income | Financial income
|
| Cash management current accounts | Cash management current accounts
3 |
| Loans to subsidiaries | Loans to subsidiaries
153 |
| Dividends (including results of joint ventures) | Dividends (including results of joint ventures)
2,768 |
| Other | Other
262 |
| Financial expense | Financial expense
|
| Cash management current accounts | Cash management current accounts
(12) |
| Other | Other
(55) |
| (in € millions) | 31/12/2022 | 31/12/2021 |
|---|---|---|
| Sureties and guarantees | Sureties and guarantees 31/12/2022 1,160 |
Sureties and guarantees 31/12/2021 1,106 |
| Retirement benefit obligations | Retirement benefit obligations 31/12/2022 30 |
Retirement benefit obligations 31/12/2021 35 |
| Commitments given | Commitments given 31/12/2022 1,190 |
Commitments given 31/12/2021 1,141 |
| Sureties and guarantees | Sureties and guarantees 31/12/2022 520 |
Sureties and guarantees 31/12/2021
|
| Commitments received | Commitments received 31/12/2022 520 |
Commitments received 31/12/2021 – |
The line item “Sureties and guarantees” relates mainly to the guarantees given on behalf of subsidiaries, by the parent company in favour of financial institutions or directly to their customers. The guarantees received relate to the assessment of seller’s guarantees received by VINCI as part of the Cobra IS acquisition.
Retirement benefit obligations comprise lump sums payable on retirement to the parent company’s personnel and supplementary retirement benefits in favour of certain Group employees or company officers in service. Retirement benefit obligations are calculated on the basis of the actuarial assumptions mentioned in Note 5, “Provisions”.
Remuneration, including social benefit charges, recognised in respect of members of Group corporate management bodies, for the share borne by VINCI in 2022, breaks down as follows:
| (in € millions) | Members of the Executive Committee | Directors who are not members of the Executive Committee |
|---|---|---|
| Remuneration | Remuneration Members of the Executive Committee 11 |
Remuneration Directors who are not members of the Executive Committee – |
| Remuneration as Board members | Remuneration as Board members Members of the Executive Committee – |
Remuneration as Board members Directors who are not members of the Executive Committee 1 |
Retirement benefit obligations towards members of corporate governing bodies, corresponding to rights vested as at 31 December 2022, break down as follows:
| (in € millions) | Members of the Executive Committee | Directors who are not members of the Executive Committee |
|---|---|---|
| Retirement benefit obligations | Retirement benefit obligations Members of the Executive Committee 25 |
Retirement benefit obligations Directors who are not members of the Executive Committee – |
The members of the corporate governing bodies also benefit from performance share plans.
The average number of people employed by the Company was 329 (including 275 engineers and managers) in 2022, as opposed to 334 (including 277 engineers and managers) in 2021. In addition, 23 employees on average were seconded to VINCI as opposed to 21 in 2021.
The Board of Directors finalised the financial statements for the year ended 31 December 2022 on 8 February 2023. These financial statements will only become definitive when approved at the Shareholders’ General Meeting to be held on 13 April 2023. A resolution will be put to shareholders in that meeting for the payment of a dividend of €4.00 per share in respect of 2022. Taking account of the interim dividend already paid in November 2022 (€1.00 per share), this means that the final dividend will be €3.00 per share, representing a total of around €1,692 million.
As part of its share buy-back programme, VINCI signed a share purchase agreement with an investment services provider on 3 January 2023. Under that agreement, which runs from 4 January until 29 March 2023 at the latest, the provider will purchase up to €250 million of VINCI shares on VINCI’s behalf. The price paid for those shares may not exceed the limit set at VINCI’s Combined Shareholders’ General Meeting of 12 April 2022.
