VINCI - 2005 annual report

C. INFORMATION BY SEGMENT
Segment information is presented by business line (primary reporting
format) and geographical segment (secondary reporting format), based
on the Group’s internal organisation.
The main activities of each business line are:
• Concessions and services: management under concessions, tenancy
agreements or service provision agreements of motorways and major
infrastructures such as bridges and tunnels, car parks, and airports, and
provision of airport support services.
• Energy: electrical works and engineering, information and communication
technology, controlled temperature and atmosphere engineering,
insulation.
1. REVENUE
1.1 BREAKDOWN OF REVENUE BY BUSINESS LINE
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VINCI 2005 ANNUAL REPORT
• Roads: building of new roads, road maintenance, production of roadbuilding
materials, environmental work, demolition, and recycling.
• Construction: design and construction in the building, civil engineering,
and hydraulic sectors, and multi-technical maintenance.
• Property: property development and promotion in the areas of housing,
offices, hotels, commercial property, and urban development, carried
out by VINCI Immobilier.
The segment financial information has been prepared using the same
accounting rules as for the full financial statements.
Transactions between the various business lines are carried out at market
conditions.
Change 2005/2004
consolidation basis exchange rate basis
(in € millions) 2005 2004 actual comparable (*) constant
Concessions and services 2,054.8 1,943.1 5.8% 3.0% 5.6%
Energy 3,508.5 3,338.5 5.1% 3.8% 5.1%
Roads 6,457.0 5,755.2 12.2% 9.1% 11.3%
Construction 9,398.9 8,283.8 13.5% 12.3% 12.9%
Property 409.3 427.8 ( 4.3%) (4.3%) (4.3%)
Eliminations (285.5) (228.1)
Total
(*) At constant consolidation scope and exchange rates.
21,543.0 19,520.2 10.4% 8.5% 9.9%
1.2 BREAKDOWN OF REVENUE BY GEOGRAPHICAL AREA
1.2.1 Breakdown of revenue by geographical market
(in € millions) 2005 % 2004 %
France 13,292.4 61.7% 12,117.6 62.1%
United Kingdom 1,774.6 8.2% 1,531.7 7.8%
Germany 1,583.2 7.3% 1,635.1 8.4%
Central and Eastern Europe 1,560.1 7.2% 1,095.8 5.6%
Belgium 636.2 3.0% 624.9 3.2%
Spain 327.5 1.5% 313.8 1.6%
Other European countries 540.8 2.5% 548.0 2.8%
Europe (*) 19,714.6 91.5% 17,866.9 91.5%
of which European Union 19,527.5 90.6% 17,725.2 90.8%
North America 764.0 3.5% 830.7 4.3%
Rest of the world 1,064.4 4.9% 822.6 4.2%
Total 21,543.0 100.0% 19,520.2 100.0%
(*) Including the eurozone for €16,212 million at 31 December 2005 and €15,057 million at 31 December 2004.
Revenue arising in foreign countries amounted to €8,250.7 million in 2005, 11.5% more than in 2004, and represents 38.3% of the total revenue.