2024 Universal Registration Document

General and financial elements

13. Concession intangible assets

(in € millions) VINCI Autoroutes VINCI Airports Other concessions (*) Total
Gross Gross

VINCI Autoroutes

 

Gross

VINCI Airports

 

Gross

Other concessions

(*)

 

Gross

Total

 

01/01/2023 01/01/2023

VINCI Autoroutes

35,485
01/01/2023

VINCI Airports

9,258
01/01/2023

Other concessions

(*)
2,605
01/01/2023

Total

47,348
Acquisitions during the period (**)

Acquisitions during the period

(**)

VINCI Autoroutes

572

Acquisitions during the period

(**)

VINCI Airports

401

Acquisitions during the period

(**)

Other concessions

(*)

164

Acquisitions during the period

(**)

Total

1,137

Disposals during the period

Disposals during the period

VINCI Autoroutes

(0)

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 Airports

365

Currency translation

differences

Other concessions

(*)

55

Currency translation

differences

Total

420

Changes in scope and other

Changes in scope and other

VINCI Autoroutes

14

Changes in scope and other

VINCI Airports

528

Changes in scope and other

Other concessions

(*)

335

Changes in scope and other

Total

877

 

 

VINCI Autoroutes

36,072

 

VINCI Airports

10,442

 

Other concessions

(*)
3,158

 

Total

49,672
Grants received

Grants received

VINCI Autoroutes

(24)

Grants received

VINCI Airports

-

Grants received

Other concessions

(*)

(3)

Grants received

Total

(27)

31/12/2023 31/12/2023

VINCI Autoroutes

36,047
31/12/2023

VINCI Airports

10,442
31/12/2023

Other concessions

(*)
3,155
31/12/2023

Total

49,644
Acquisitions during the period (**)

Acquisitions during the period

(**)

VINCI Autoroutes

537

Acquisitions during the period

(**)

VINCI Airports

395

Acquisitions during the period

(**)

Other concessions

(*)

273

Acquisitions during the period

(**)

Total

1,206

Disposals during the period

Disposals during the period

VINCI Autoroutes

(3)

Disposals during the period

VINCI Airports

(18)

Disposals during the period

Other concessions

(*)

(2)

Disposals during the period

Total

(22)

Currency translation differences

Currency translation differences

VINCI Autoroutes

-

Currency translation differences

VINCI Airports

(512)

Currency translation differences

Other concessions

(*)

81

Currency translation differences

Total

(431)

Changes in scope and other

Changes in scope and other

VINCI Autoroutes

20

Changes in scope and other

VINCI Airports

238

Changes in scope and other

Other concessions

(*)

1,340

Changes in scope and other

Total

1,597

 

 

VINCI Autoroutes

36,602

 

VINCI Airports

10,544

 

Other concessions

(*)
4,847

 

Total

51,994
Grants received

Grants received

VINCI Autoroutes

(29)

Grants received

VINCI Airports

-

Grants received

Other concessions

(*)

(66)

Grants received

Total

(95)

31/12/2024 31/12/2024

VINCI Autoroutes

36,572
31/12/2024

VINCI Airports

10,544
31/12/2024

Other concessions

(*)
4,782
31/12/2024

Total

51,898
 

 

VINCI Autoroutes

 

 

VINCI Airports

 

 

Other concessions

(*)

 

 

Total

 

Amortisation and impairment losses Amortisation and impairment losses

VINCI Autoroutes

 

Amortisation and impairment losses

VINCI Airports

 

Amortisation and impairment losses

Other concessions

(*)

 

Amortisation and impairment losses

Total

 

01/01/2023 01/01/2023

VINCI Autoroutes

(17,182)
01/01/2023

VINCI Airports

(1,369)
01/01/2023

Other concessions

(*)
(572)
01/01/2023

Total

(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 Airports

2

Reversals of impairment losses

Other concessions

(*)

-

Reversals of impairment losses

Total

2

Disposals during the period

Disposals during the period

VINCI Autoroutes

-

Disposals during the period

VINCI Airports

60

Disposals during the period

Other concessions

(*)

-

Disposals during the period

Total

60

Currency translation differences

Currency translation differences

VINCI Autoroutes

-

Currency translation differences

VINCI Airports

16

Currency translation differences

Other concessions

(*)

3

Currency translation differences

Total

20

Other movements

Other movements

VINCI Autoroutes

(18)

Other movements

VINCI Airports

2

Other movements

Other concessions

(*)

(8)

Other movements

Total

(23)

31/12/2023 31/12/2023

VINCI Autoroutes

(18,424)
31/12/2023

VINCI Airports

(1,559)
31/12/2023

Other concessions

(*)
(661)
31/12/2023

Total

(20,644)
Amortisation in the period

Amortisation in the period

VINCI Autoroutes

(1,301)

Amortisation in the period

VINCI Airports

(259)

Amortisation in the period

Other concessions

(*)

(68)

Amortisation in the period

Total

(1,627)

Impairment losses

Impairment losses

VINCI Autoroutes

(1)

Impairment losses

VINCI Airports

(0)

Impairment losses

Other concessions

(*)

-

Impairment losses

Total

(1)

Reversals of impairment losses

Reversals of impairment losses

VINCI Autoroutes

-

Reversals of impairment losses

VINCI Airports

80

Reversals of impairment losses

Other concessions

(*)

3

Reversals of impairment losses

Total

82

Disposals during the period

Disposals during the period

VINCI Autoroutes

-

Disposals during the period

VINCI Airports

1

Disposals during the period

Other concessions

(*)

2

Disposals during the period

Total

3

Currency translation differences

Currency translation differences

VINCI Autoroutes

-

Currency translation differences

VINCI Airports

(13)

Currency translation differences

Other concessions

(*)

(21)

Currency translation differences

Total

(34)

Other movements

Other movements

VINCI Autoroutes

(20)

Other movements

VINCI Airports

82

Other movements

Other concessions

(*)

(67)

Other movements

Total

(5)

31/12/2024 31/12/2024

VINCI Autoroutes

(19,747)
31/12/2024

VINCI Airports

(1,667)
31/12/2024

Other concessions

(*)
(813)
31/12/2024

Total

(22,226)
 

 

VINCI Autoroutes

 

 

VINCI Airports

 

 

Other concessions

(*)

 

 

Total

 

Net Net

VINCI Autoroutes

 

Net

VINCI Airports

 

Net

Other concessions

(*)

 

Net

Total

 

01/01/2023 01/01/2023

VINCI Autoroutes

18,304
01/01/2023

VINCI Airports

7,889
01/01/2023

Other concessions

(*)
2,032
01/01/2023

Total

28,224
31/12/2023 31/12/2023

VINCI Autoroutes

17,623
31/12/2023

VINCI Airports

8,883
31/12/2023

Other concessions

(*)
2,494
31/12/2023

Total

29,000
31/12/2024 31/12/2024

VINCI Autoroutes

16,826
31/12/2024

VINCI Airports

8,877
31/12/2024

Other concessions

(*)
3,969
31/12/2024

Total

29,672

Concession intangible assets added to the portfolio in 2024 mainly consisted of:

  • the right to operate the Northwest Parkway section of the Denver ring road until 2106, at a cost of €1,266 million;
  • the balance of the upfront fee paid to the grantor for the 30-year extension of the airport concession contract in the Dominican Republic at a cost of €423 million (total payment of €701 million, of which €278 million had already been recognised at 31 December 2023).

In 2024, acquisitions of concession intangible assets amounted to €1,206 million (€1,016 net of grants received). They included investments by the ASF group for €439 million (€380 million in 2023), by VINCI Airports for €379 million (€377 million in 2023), by Cofiroute for €51 million (€152 million in 2023) and by Cobra IS for €92 million (€38 million in 2023).

Concession intangible assets include assets under construction for €1,912 million at 31 December 2024 (€2,044 million at 31 December 2023). These relate to VINCI Autoroutes subsidiaries for €883 million (including Escota for €417 million, ASF for €371 million and Cofiroute for €93 million) and VINCI Airports subsidiaries for €442 million (of which the company operating Belgrade airport for €186 million).