| (in € millions) | VINCI Autoroutes | VINCI Airports | Other concessions (*) | Total |
|---|---|---|---|---|
| Gross | GrossVINCI Autoroutes
|
|||
| 01/01/2022 | 01/01/2022VINCI Autoroutes34,964 | 01/01/2022VINCI Airports5,794 | 01/01/2022Other concessions (*) 2,153 | 01/01/2022Total42,912 |
| Acquisitions during the period (**) | Acquisitions during the period (**) VINCI Autoroutes547 |
Acquisitions during the period (**) VINCI Airports131 |
Acquisitions during the period (**) Other concessions (*)99 |
Acquisitions during the period (**) Total777 |
| Disposals during the period | Disposals during the period VINCI Autoroutes(1) |
Disposals during the period VINCI Airports(2) |
Disposals during the period Other concessions (*)(1) |
Disposals during the period Total(4) |
| Currency translation differences | Currency translation differences VINCI Autoroutes- |
Currency translation differences VINCI Airports105 |
Currency translation differences Other concessions (*)186 |
Currency translation differences Total292 |
| Changes in scope and other | Changes in scope and other VINCI Autoroutes(3) |
Changes in scope and other VINCI Airports3,230 |
Changes in scope and other Other concessions (*)175 |
Changes in scope and other Total3,402 |
VINCI Autoroutes 35,507 |
VINCI Airports 9,258 |
Other concessions (*) 2,613 |
Total 47,378 |
|
| Grants received | Grants received VINCI Autoroutes(22) |
Grants received VINCI Airports- |
Grants received Other concessions (*)(8) |
Grants received Total(30) |
| 31/12/2022 | 31/12/2022VINCI Autoroutes35,485 | 31/12/2022VINCI Airports9,258 | 31/12/2022Other concessions (*) 2,605 | 31/12/2022Total47,348 |
| Acquisitions during the period (**) | Acquisitions during the period (**) VINCI Autoroutes572 |
Acquisitions during the period (**) VINCI Airports401 |
Acquisitions during the period (**) Other concessions (*)164 |
Acquisitions during the period (**) Total1,137 |
| Disposals during the period | Disposals during the period VINCI Autoroutes- |
Disposals during the period VINCI Airports(110) |
Disposals during the period Other concessions (*)- |
Disposals during the period Total(110) |
| Currency translation differences | Currency translation differences VINCI Autoroutes- |
Currency translation differences VINCI Airports365 |
Currency translation differences Other concessions (*)55 |
Currency translation differences Total420 |
| Changes in scope and other | Changes in scope and other VINCI Autoroutes14 |
Changes in scope and other VINCI Airports528 |
Changes in scope and other Other concessions (*)335 |
Changes in scope and other Total877 |
VINCI Autoroutes36,072 |
VINCI Airports10,442 |
Other concessions (*) 3,158 |
Total49,672 |
|
| Grants received | Grants received VINCI Autoroutes(24) |
Grants received VINCI Airports- |
Grants received Other concessions (*)(3) |
Grants received Total(27) |
| 31/12/2023 | 31/12/2023VINCI Autoroutes36,047 | 31/12/2023VINCI Airports10,442 | 31/12/2023Other concessions (*) 3,155 | 31/12/2023Total49,644 |
| Amortisation and impairment losses | Amortisation and impairment lossesVINCI Autoroutes
|
|||
| 01/01/2022 | 01/01/2022VINCI Autoroutes(15,979) | 01/01/2022VINCI Airports(1,135) | 01/01/2022Other concessions (*) (469) | 01/01/2022Total(17,583) |
| Amortisation in the period | Amortisation in the period VINCI Autoroutes(1,186) |
Amortisation in the period VINCI Airports(165) |
Amortisation in the period Other concessions (*)(81) |
Amortisation in the period Total(1,432) |
| Impairment losses | Impairment losses VINCI Autoroutes- |
Impairment losses VINCI Airports(45) |
Impairment losses Other concessions (*)- |
Impairment losses Total(45) |
| Reversals of impairment losses | Reversals of impairment losses VINCI Autoroutes- |
Reversals of impairment losses VINCI Airports3 |
Reversals of impairment losses Other concessions (*)- |
Reversals of impairment losses Total3 |
| Disposals during the period | Disposals during the period VINCI Autoroutes- |
Disposals during the period VINCI Airports2 |
Disposals during the period Other concessions (*)1 |
Disposals during the period Total2 |
| Currency translation differences | Currency translation differences VINCI Autoroutes- |
Currency translation differences VINCI Airports(30) |
Currency translation differences Other concessions (*)(24) |
Currency translation differences Total(54) |
| Other movements | Other movements VINCI Autoroutes(16) |
Other movements VINCI Airports- |
Other movements Other concessions (*)1 |
Other movements Total(15) |
| 31/12/2022 | 31/12/2022VINCI Autoroutes(17,182) | 31/12/2022VINCI Airports(1,369) | 31/12/2022Other concessions (*) (572) | 31/12/2022Total(19,124) |
| Amortisation in the period | Amortisation in the period VINCI Autoroutes(1,224) |
Amortisation in the period VINCI Airports(241) |
Amortisation in the period Other concessions (*)(85) |
Amortisation in the period Total(1,550) |
| Impairment losses | Impairment losses VINCI Autoroutes- |
Impairment losses VINCI Airports(29) |
Impairment losses Other concessions (*)- |
Impairment losses Total(29) |
| Reversals of impairment losses | Reversals of impairment losses VINCI Autoroutes- |
Reversals of impairment losses VINCI Airports2 |
Reversals of impairment losses Other concessions (*)- |
Reversals of impairment losses Total2 |
| Disposals during the period | Disposals during the period VINCI Autoroutes- |
Disposals during the period VINCI Airports60 |
Disposals during the period Other concessions (*)- |
Disposals during the period Total60 |
| Currency translation differences | Currency translation differences VINCI Autoroutes- |
Currency translation differences VINCI Airports16 |
Currency translation differences Other concessions (*)3 |
Currency translation differences Total20 |
| Other movements | Other movements VINCI Autoroutes(18) |
Other movements VINCI Airports2 |
Other movements Other concessions (*)(8) |
Other movements Total(23) |
| 31/12/2023 | 31/12/2023VINCI Autoroutes(18,424) | 31/12/2023VINCI Airports(1,559) | 31/12/2023Other concessions (*) (661) | 31/12/2023Total(20,644) |
| Net | NetVINCI Autoroutes
|
|||
| 01/01/2022 | 01/01/2022VINCI Autoroutes18,985 | 01/01/2022VINCI Airports4,659 | 01/01/2022Other concessions (*) 1,684 | 01/01/2022Total25,329 |
| 31/12/2022 | 31/12/2022VINCI Autoroutes18,304 | 31/12/2022VINCI Airports7,889 | 31/12/2022Other concessions (*) 2,032 | 31/12/2022Total28,224 |
| 31/12/2023 | 31/12/2023VINCI Autoroutes17,623 | 31/12/2023VINCI Airports8,883 | 31/12/2023Other concessions (*) 2,494 | 31/12/2023Total29,000 |
(*) Including the concessions of Cobra IS.
(**) Including capitalised borrowing costs.
In 2023, acquisitions of concession intangible assets amounted to €1,006 million. They included investments by the ASF group for €380 million (€323 million in 2022), by VINCI Airports for €377 million (€119 million in 2022), by Cofiroute for €152 million (€181 million in 2022) and by Cobra IS for €38 million (€87 million in 2022).
Changes in scope and other movements related in particular to the 30-year extension of the airport concession in the Dominican Republic, for an initial amount of $300 million, which was paid in early January 2024.
Concession intangible assets include assets under construction for €2,044 million at 31 December 2023 (€1,620 million at 31 December 2022). These relate to VINCI Autoroutes subsidiaries for €1,049 million (including Cofiroute for €421 million, Escota for €371 million and ASF for €257 million) and VINCI Airports for €505 million, of which Belgrade airport for €238 million).
At 31 December 2023, concession intangible assets relating to certain VINCI Airports assets were tested for impairment, leading to the recognition of an impairment loss totalling €29 million.
