2023 UNIVERSAL REGISTRATION DOCUMENT

14. PPP financial receivables (controlled companies)

The main PPP contracts operated by Group subsidiaries are presented on the asset side of the consolidated balance sheet for their part at more than one year under “Other non-current financial assets” and concern the following:

Caraibus (right-of-way public transport system in Martinique): this contract is recognised under the financial asset model;
Stade Marie-Marvingt (Le Mans stadium in France) and Park Azur (business complex for car rental firms at Nice-Côte d’Azur airport in France): both contracts are recognised under the bifurcated model (intangible asset and financial asset).

(in € millions)	31/12/2023	31/12/2022
Beginning of period	Beginning of period31/12/2023146	Beginning of period31/12/2022210
Acquisitions during the period	Acquisitions during the period 31/12/2023 96	Acquisitions during the period 31/12/2022 7
Redemptions	Redemptions 31/12/2023 (21)	Redemptions 31/12/2022 (71)
Other movements and currency translation differences	Other movements and currency translation differences 31/12/2023 (90)	Other movements and currency translation differences 31/12/2022 (1)
End of period	End of period31/12/2023132	End of period31/12/2022146
of which	of which31/12/2023-	of which31/12/2022-
between 1 and 5 years	between 1 and 5 years31/12/202340	between 1 and 5 years31/12/202243
over 5 years	over 5 years31/12/202392	over 5 years31/12/2022103

15. Off-balance sheet commitments in Concessions

15.1 Companies controlled by the Group

Contractual investment and renewal obligations

(in € millions)	31/12/2023	31/12/2022
Aerodom	Aerodom 31/12/2023 1,036	Aerodom 31/12/2022 -
ASF group	ASF group 31/12/2023 963	ASF group 31/12/2022 1,039
OMA (Grupo Aeroportuario del Centro Norte – Mexico)	OMA (Grupo Aeroportuario del Centro Norte – Mexico) 31/12/2023 342	OMA (Grupo Aeroportuario del Centro Norte – Mexico) 31/12/2022 488
Cobra IS	Cobra IS 31/12/2023 321	Cobra IS 31/12/2022 143
Cofiroute	Cofiroute 31/12/2023 279	Cofiroute 31/12/2022 370
ANA group (Portugal)	ANA group (Portugal) 31/12/2023 269	ANA group (Portugal) 31/12/2022 199
Vía Sumapaz (formerly Vía 40 Express)	Vía Sumapaz (formerly Vía 40 Express) 31/12/2023 239	Vía Sumapaz (formerly Vía 40 Express) 31/12/2022 -
Concessionária dos Aeroportos da Amazônia	Concessionária dos Aeroportos da Amazônia 31/12/2023 153	Concessionária dos Aeroportos da Amazônia 31/12/2022 176
Cabo Verde Airports	Cabo Verde Airports 31/12/2023 114	Cabo Verde Airports 31/12/2022 -
VINCI Highways (Entrevias in Brazil)	VINCI Highways (Entrevias in Brazil) 31/12/2023 -	VINCI Highways (Entrevias in Brazil) 31/12/2022 286
Other	Other 31/12/2023 241	Other 31/12/2022 221
Total	Total 31/12/2023 3,958	Total 31/12/2022 2,922

Contractual investment obligations of motorway concession companies consist mainly of undertakings made under concession contracts, multi-year master contracts as part of the 2015 motorway stimulus plan and the motorway investment plan approved in 2018. VINCI Autoroutes’ investment undertakings amounted to €1,242 million at 31 December 2023 (€1,409 million at 31 December 2022). The decrease in these undertakings during the period was due to progress with works.

The investment undertakings of Aerodom, which holds the concession for six airports in the Dominican Republic, correspond to the remainder of the payment due and not yet recognised in the balance sheet in respect of the 30-year extension of its concession, as well as the investment undertakings in connection with the amended concession contract relating to the period from 2030 to 2060.

In addition to those undertakings, bank and parent company investment guarantees in the total amount of €81 million were given in relation to concession projects in 2023.

The above amounts do not include obligations relating to maintenance expenditure on infrastructure under concession, in respect of which specific provisions based on maintenance plans are set aside (see Note H.19.3, “Breakdown of current provisions”).