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Startseite > Investoren > Ergebnisse > Alle Finanzberichte im Überblick    >    Halbjahresabschluss 2014

Alle Finanzberichte im Überblick

Halbjahresabschluss 2014 - Finanzdaten

- Key figures
- Consolidated income statement for the period
- Consolidated comprehensive income statement for the period
- Consolidated balance sheet
- Consolidated cash flow statement

 

Key figures

< /tr> < td>63.0%< td>37.0%< td>0.0%< td>1,983.0 
(in €  millions)First half 2013First half 2012  (*) Change
first half
2013/2012 (*)
Full year 2012  (*)
Revenue (**) 18,711.3 17,942.3 4.3%38,633.6 
Revenue generated in France (**) 11,809.611,495.4 2.7%24,324.2 
% of revenue (**)63.1%64.1% 
Revenue generated outside France (**) 6,901.7 6,446.9 7.1%14,309.4&n bsp;
% of revenue (**)36.9%35.9% 
Operating income from ordinary activities 1,487.0 1,546.5 -3.8%3,679.4&n bsp;
% of revenue (**)7.9%8.6% 9.5%
Operating income 1,484.4 1,525.9 -2.7%3,659.9&n bsp;
Net income attributable to owners of the parent 747.8 784.6 -4.7%1,917.2 
Diluted earnings per share (in €)1.37 1.44 -4.7%3.54 
Dividend per share (in €) 0.55 (***)0.55 (***)1.77 
Cash flow from operations 2,382.9  2,346.9 1.5%5,418.5 
Operating investment (net of disposals) (298.2)(357.9)-16.7%(742.1)
Growth investments in concessions and PPPs (398.6)(598.1)-33.4%(1,139.6)
Free cash flow (after investments) (233.3) (358.6)-34.9%
Equity including non-controlling interests 14,385.9 13,111.2 1,274.6 13,767.6 
Net financial debt (12,997.7) (14,239.2)1,241.5 (12,526.8)

(*) Amounts adjusted in line with the change in accounting method arising from the application of IAS 19 Amended "Employee Benefits".
(**) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.
(***) Interim dividend which, in respect of 2013, will be paid in the second half of the year.

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Consolidated income statement for the period

(in € millions)First half 2013 First half 2012 (*) Full year 2012 (*)
Revenue  (**) 18,711.3 17,942.3 38,633.6 
Concession subsidiaries’ revenue derived from works carried out by non-Group companies 172.0  279.5 549.6 
Total revenue 18,883.2 18,221.8 39,183.2 
Revenue from ancillary activities 118.2 108.5 234.4 
Operating expenses (17,514.4)(16,783.8)(35,738.3)
Operating income from ordinary activities 1,487.0 1,546.5 3,679.4 
Share-based payments (IFRS 2) (43.2)(48.6)(94.3)
Goodwill impairment expense (0.7)(1.0)(7.5)
Profit/(loss) of companies accounted for under the equity method 41.3 29.0 82.3 
Operating income 1,484.4 1,525.9 3,659.9 
Cost of gross financial debt (334.4)(374.8)(726.8)
Financial income from cash investments 39.1 49.2 89.1 
Cost of net financial debt (295.4)(325.6)< strong>(637.7)
Other financial income 36.7 69.1 111.6 
Other financial expense (48.5)(49.6)(135.9)
Income tax expense (384.5)(392.1)(972.0)
Net income from continuing operations 792.6 827.7 2,025.9 
Net income from discontinued operations (halted or sold)
Net income 792.6 827.7 2,025.9 
Net income attributable to non-controlling interests 44.9 43.1 108.7 < /td>
Net income attributable to owners of the parent 747.8 784.6 1,917.2 
    
Earnings per share attributable to owners of the parent    
Basic earnings per share (in €) 1.38 1.46 3.57 
Diluted earnings per share (in €)1.37 1.44 3.54 

(*) Amounts adjusted in line with the change in accounting method arising from the application of IAS 19 Amended "Employee Benefits".
(**) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.

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Consolidated comprehensive income statement for the period

(73.1)< td class="fond">67.1(90.6)< td class="fond">(110.0)
 First half 2013 First half 2012 (*) Full year 2012 (*)
(in € millions)Attributable
to owners of
the parent 
Attributable
to non-
controlling
interests
TotalAttributable
to owners of
the parent 
Attributable
to non-
controlling
interests
TotalAttributable
to owners of
the parent 
Attributable
to non-
controlling
interests
Total
Net income 747.844.9 792.6 784.6 43.1 827.7 1,917.2  108.7 2,025.9 
Financial instruments of controlled
companies: changes in fair value
of which
112.4-112.4(50.6)(0.8)(51.5)(47.7)(0.7)(48.4)
Available-for-sale financial assets53.5(0.0)53.521.6 (0.0)21.6 17.6 (0.0)17.6 
Cash flow hedges (**)58.9-58.9(72.2)(0.8)(65.3)(0.7) (66.0)
Financial instruments of companies
accounted for under the equity
method: changes in fair value
74.07.381.3(153.7)(12.0)(165.7)(180.3)(12.6)(193.0)
Currency translation differences (61.3)(3.4)(64.7)48.15.353.432.73.936.6
Tax  (***) (59.5)(2.3)(61.8)63.13.967.076.43.980.4
Other comprehensive income
that may be recycled subsequently to net income
65.51.6(93.1)(3.6)(96.7)(118.9)(5.5)(124.4)
Actuarial gains and losses on
retirement benefit obligations
(77.0)(0.1)(77.2)(127.9)(2.8)(130.7)(189.6)(3.9)(193.5)
Tax 18.8-18.826.70.226.939.40.339.7
Other comprehensive income
that may not be recycled subsequently to net income
(58.2)(0.1)(58.3)(101.2)(2.6)(103.9)(150.2)< strong>(3.6)(153.8)
Total other comprehensive income
recognised directly in equity
7.31.58.8(194.4)(6.2)(200.6)(269.1)< strong>(9.1)(278.2)
of which :         
Controlled companies(43.5)(2.8)(46.3)(90.8)0.2(151.0)(2.3)(153.3)
Companies accounted for under the
equity method
50.84.355.1(103.6)(6.4)(118.2)(6.8)(124.9)
Total comprehensive income 755.146.4801.4590.336.9627.11,648.099.61,747.7

(*) Amounts adjusted in line with the change in accounting method arising from the application of IAS 19 Amended "Employee Benefits".
(**) Changes in the fair value of cash flow hedges (interest rate hedges) are recognised in equity for the effective portion. Cumulative gains and losses in equity are taken to profit or loss at the time when the cash flow affects profit or loss.
(***) Including negative tax effects of €61.8 million relating to changes in the fair value of financial instruments in the first half of 2013 (compared with positive tax effects of €67.0 million in the first half of 2012), negative effects of €18.4 million relating to available-for-sale financial assets (compared with negative effects of €7.4 million in the first half of 2012) and negative effects of €43.4 million relating to the effective portion of cash flow hedges (compared with positive effects of €74.5 million in the first half of 2012).

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Consolidated balance sheet
Assets

(in € millions)30/06/2013 30/06/2012 (*) 31/12/2012 (*)
Non-current assets    
Concession intangible assets 23,244.823,861.8 23,499.9 
Goodwill 6,598.16,428.2 6,609.3 
Other intangible assets 434.1379.0 437.4 
Property, plant and equipment 4,602.94,536.5 4,746.2 
Investment property 10.230.7 10.5 
Investments in companies accounted for under the equity method 844.2779.1 806.4 
Other non-current financial assets 1,667.61,571.5 1,646.4 
Deferred tax assets 234.5203.5 229.9 
Total non-current assets 37,636.337,790.4 37,985.9 
Current assets    
Inventories and work in progress 1,065.31,066.3 1,015.5 
Trade and other receivables 11,603.711,325.7 10,978.6 
Other current operating assets 4,731.74,388.7 4,505.5 
Other current non-operating assets 30.432.7 35.2 
Current tax assets 128.487.8 87.1 
Other current financial assets 484.2 383.5 421.1 
Cash management financial assets 1,308.6254.5 179.2 
Cash and cash equivalents 5,928.44,962.6 6,336.9 
Total current assets 25,280.222,501.8 23,559.1 
    
Total assets 62,916.660,292.1 61,545.0 

(*) Amounts adjusted in line with the change in accounting method arising from the application of IAS 19 Amended "Employee Benefits"

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Consolidated balance sheet
Equity and liabilities

(in € millions)30/06/201330/06/2012 (*)31/12/2012 (*)
Equity   
Share capital 1,497.01,438.2 1,443.4 
Share premium8,125.57,446.0 7,487.9 
Treasury shares(1,697.2)(1,552.9)(1,661.8)
Other equity instruments490.6490.6 490.6 
Consolidated reserves 5,266.14,502.8 4,123.4 
Currency translation reserves(3.5)71.6 55.6 
Net income attributable to owners of the parent747.8784.6 1,917.2 
Amounts recognised directly in equity(750.5)(762.3)(819.0)
Equity attributable to owners of the parent13,675.912,418.8 13,037.3 
Non-controlling interests709.9692.5 730.3 
Total equity14,385.913,111.2 13,767.6 
Non-current liabilities   
Non-current provisions2,145.31,985.6 2,114.5 
Bonds11,381.29,459.1 9,615.3 
Other loans and borrowings6,292.68,069.9 6,938.5 
Other non-current liabilities142.4106.5 131.5 
Deferred tax liabilities1,935.72,017.6 2,016.4 
Total non-current liabilities21,897.221,638.7 20,816.3 
Current liabilities   
Current provisions3,407.13,311.7 3,507.7 
Trade payables7,550.67,586.0 7,603.6 
Other current operating liabilities11,458.710,971.1 11,306.3 
Other current non-operating liabilities454.4510.4 542.3 
Current tax liabilities 203.5208.2 361.3 
Current borrowings3,559.32,954.8 3,640.0 
Total current liabilities26,633.525,542.3 26,961.1 
    
Total equity and liabilities62,916.660,292.1 61,545.0 

(*) Amounts adjusted in line with the change in accounting method arising from the application of IAS 19 Amended "Employee Benefits".

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Consolidated cash flow statement

(in € millions) First half 2013 First half 2012  (1) Full year 2012  (1)
Consolidated net income for the period (including non-controlling interests)  792.6827.7 2,025.9 
Depreciation and amortisation  991.7913.7 1,877.0 
Net increase/(decrease) in provisions  13.215.2 102.9 
Share-based payments (IFRS 2) and other restatements  (17.5)(29.3)(1.3)
Gain or loss on disposals  (11.1)(21.7)(24.0)
Change in fair value of financial instruments  0.4(0.4)(1.4)
Share of profit or loss of companies accounted for under the equity method and
dividends received from unconsolidated companies
 (53.4)(40.3)(99.2)
Capitalised borrowing costs  (12.9)(35.7)(71.3)
Cost of net financial debt recognised  295.4325.6 637.7 
Current and deferred tax expense recognised  384.5392.1 972.0 
Cash flow from operations before tax and financing costs  2,382.92,346.9 5,418.5 
Changes in operating working capital requirement and current provisions  (880.7)(920.5)(37.4)
Income taxes paid  (690.5)(511.0)(978.6)
Net interest paid  (371.7)(345.6)(595.0)
Dividends received from companies accounted for under the equity method  23.527.5 57.2 
Cash flows (used in)/from operating activities I463.5597.4 3,864.7 
Purchases of property, plant and equipment and intangible assets (359.8)(413.6)(870.6)< /td>
Proceeds from sales of property, plant and equipment and intangible assets 61.755.7 128.5 
Operating investments (net of disposals)  (298.2)(357.9)(742.1)
Operating cash flow  165.3239.5 3,122.6 
Investments in concession fixed assets (net of grants received) (363.4)(581.8)(1,123.5)
Financial receivables (PPP contracts and others) (35.2)(16.3)(16.1)
Growth investments in concessions and PPPs  (398.6)(598.1)(1,139.6)
Free cash flow (after investments)  (233.3)(358.6)1,983.0 
Purchases of shares in subsidiaries and affiliates (consolidates and unconsolidated)  (49.1)(306.4)(611.8)
Proceeds from shares in subsidiaries and affiliates (consolidates and unconsolidated) 10.23.4 7.4 
Net effect of changes in consolidation scope (2) 3.716.9 6.3 
Net financial investments  (35.1)(286.0)(598.0)
Other  (178.9)(31.7)(49.5)
Net cash flows (used in)/from investing activities II (910.8)(1,273.7)(2,529.2)
Increases and decreases in share capital  691.2288.7 335.7 
Transactions in treasury shares  (123.6)(456.2)(646.9)
Non-controlling interests in share capital increases and decreases of subsidiaries  -(0.0)(1.3)
Acquisitions/disposals of non-controlling interests (without acquisition or loss of
control) (3)
 (2.2)(90.3)(96.3)
Dividends paid:     
- to shareholders of VINCI SA (654.0)(652.6)(978.8)< /td>
- to non-controlling interests (47.2) (45.4)(77.8)
Proceeds from new long-term borrowings  1,932.21,434.0 1,624.3  ;
Repayments of long-term borrowings  (763.9)(1,998.4)(2,539.2)
Change in cash management assets and other current financial debts  (1,193.5)(453.7)300.9 
Net cash flows (used in)/from financing activities III (160.9)(1,973.9)(2,079.5)
Change in net cash I+II+III(608.2)(2,650.3)(744.0)
     < /em>
Net cash and cash equivalents at start of period  5,745.86,514.1 6,514.1 
Other changes (4)  (24.6)23.5 (24.3)
Net cash and cash equivalents at end of period  5,113.03,887.3 5,745.8 
Increase/(decrease) in cash management financial assets  (1,193.5)453.7 (300.9)
(Proceeds from)/repayment of borrowings  (1,168.3)564.4 914.9 < /td>
Other changes (4)  136.7(41.0)217.1 
Change in net financial debt  (470.9)(1,649.7)62.8 
Net financial debt at start of period  (12,526.8)(12,589.6)(12,589.6)
Net financial debt at end of period  (12,997.7)(14,239.2)(12,526.8)

(1) Amounts adjusted in line with the change in accounting method arising from the application of IAS 19 Amended "Employee Benefits".
(2) Including a downpayment of €100 million at the end of February 2013 related to the acquisition of ANA shares.
(3) 2012 figure corresponds mainly to the buy-out of non-controlling interests (19.83%) in Entrepose Contracting for €102.4 million after the simplified public tender offer and subsequent squeeze-out.
(4) Other changes in the second half of 2012 include the impact of the change in consolidation method used for Greek company Gefyra.

 

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Letzte Aktualisierung: 31. 07. 2014