The Group’s ROE was 18.1% in 2023, compared with 18.6% in 2022.
| (in € millions) | 2023 | 2022 |
|---|---|---|
| Equity excluding non-controlling interests at previous year end |
Equity excluding non-controlling interests at previous year end 202325,939 |
Equity excluding non-controlling interests at previous year end 202222,881 |
| Net income attributable to owners of the parent |
Net income attributable to owners of the parent 20234,702 |
Net income attributable to owners of the parent 20224,259 |
| ROE | ROE202318.1% | ROE202218.6% |
ROCE was 11.3% in 2023, compared with 9.2% in 2022.
| (in € millions) | 2023 | 2022 |
|---|---|---|
| Capital employed at previous year end |
Capital employed at previous year end 202352,465 |
Capital employed at previous year end 202249,081 |
| Capital employed at this year end |
Capital employed at this year end 202352,853 |
Capital employed at this year end 202252,465 |
| Average capital employed | Average capital employed202352,659 | Average capital employed202250,773 |
| Recurring operating income |
Recurring operating income 20238,175 |
Recurring operating income 20226,481 |
| Theoretical tax (*) |
Theoretical tax (*) 2023(2,212) |
Theoretical tax (*) 2022(1,803) |
| Net operating income after tax | Net operating income after tax20235,964 | Net operating income after tax20224,678 |
| ROCE | ROCE202311.3% | ROCE20229.2% |
(*) Based on the effective rate for the period.
VINCI’s parent company financial statements show revenue of €20 million for 2023, compared with €19 million in 2022, consisting mainly of services invoiced by the holding company to subsidiaries.
The parent company’s net income was €2,412 million in 2023, compared with €2,853 million in 2022. The 2023 figure includes €2,098 million of dividends received from Group subsidiaries (€2,768 million in 2022).
Expenses referred to in Article 39.4 of the French Tax Code amounted to €98,089 in 2023.
Disclosures relating to suppliers’ payment terms required by France’s LME law on modernising the country’s economy and Article L.441-6-1 of the French Commercial Code are provided in the note entitled “Information on payment periods”, page 399.
At its meeting of 7 February 2024, VINCI’s Board of Directors decided to propose a 2023 dividend of €4.50 per share at the Shareholders’ General Meeting on 9 April 2024 (€4.00 per share with respect to 2022).
Since an interim dividend of €1.05 per share was paid in November 2023, the final dividend payment on 25 April 2024 (ex-date: 23 April 2024) will be €3.45 per share if approved.
| Year | 2020 | 2021 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Type | Interim | Final | Total | Interim | Final | Total | Interim | Final | Total |
| Amount per share (in €) | - | 2.04 | 2.04 | 0.65 | 2.25 | 2.90 | 1.00 | 3.00 | 4.00 |
| Number of qualifying shares | - | 566,990,176 | 571,546,038 | 562,561,750 | 565,073,892 | 564,255,601 | |||
| Aggregate amount paid (in € millions) | - | 1,157 | 372 | 1,266 | 565 | 1,693 | |||
NB: Dividends paid to natural persons in respect of 2020, 2021 and 2022 qualify for a 40% tax allowance.
