VINCI - 2005 annual report

CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL
STATEMENTS
KEY FIGURES
(in € millions) 2005 2004
Revenue 21,543.0 19,520.2
of which revenue outside France 8,250.7 7,402.7
% of revenue 38.3% 37.9%
Operating profit from ordinary activities 1,567.6 1,300.1
% of revenue 7.3% 6.7%
Net profit attributable to equity holders of the parent 871.2 731.6
Earnings per share (in euros) 5.08 4.56 (**)
Diluted earnings per share (in euros) 4.46 4.02 (**)
Dividend per share, excluding tax credit (in euros) 2.00 1.75 (**)
Equity including minority interest 5,318.5 3,614.6
Provisions (current and non-current) (*) 1,588.7 1,548.2
Net financial debt (1,579.0) (2,433.1)
Cash flows (used in)/from operations
before tax and financing costs 2,149.8 2,018.4
Net investments in operating assets (604.4) (476.3)
Investments in concession assets (811.0) (568.3)
Net financial investments (86.2) (241.0)
(*) Excluding provisions for retirement benefit obligations and other employee benefits
(**) Restated following the two-for-one share split in May 2005.
CONSOLIDATED IFRS INCOME STATEMENT
(in € millions) Notes 2005 2004
Revenue 1-2-3 21,543.0 19,520.2
Revenue from ancillary activities 5 179.4 255.0
Operating expenses 5 (20,154.9) (18,475.2)
Operating profit from ordinary activities 2-3-5 1,567.6 1,300.1
Share-based payment expense (IFRS 2) 5-22 (70.1) (36.3)
Restructuring costs (10.1)
Goodwill impairment expense 11-12 (13.2) (45.5)
Operating profit 5 1,484.3 1,208.2
Cost of gross financial debt (275.5) (320.8)
Financial income from cash management investments 117.0 79.2
Cost of net financial debt 6 (158.5) (241.6)
Other financial income and expenses 7 52.5 238.2
Income tax expense 8 (462.5) (380.4)
Share of profit/(loss) of associates 17 87.0 14.0
Net profit for the period (including minority interest) 1,002.8 838.3
Minority interest 22 (131.6) (106.7)
Net profit attributable to equity holders of the parent 871.2 731.6
Earnings per share (in euros) 9 5.08 4.56 (*)
Diluted earnings per share (in euros) 9 4.46 4.02 (*)
(*) Restated following the two-for-one share split in May 2005.
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