VINCI - 2005 annual report
VINCI - 2005 annual report 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 206 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.
1.2.2 Breakdown of revenue by location of operations CONSOLIDATED FINANCIAL STATEMENTS (in € millions) 2005 % 2004 % France 13,667.9 63.4% 12,345.3 63.2% United Kingdom 1,782.6 8.3% 1,533.4 7.9% Germany 1,608.1 7.5% 1,617.4 8.3% Central and Eastern Europe 1,378.4 6.4% 1,022.4 5.2% Belgium 1,083.3 5.0% 982.6 5.0% Spain 307.9 1.4% 301.5 1.5% Other European countries 399.3 1.9% 462.8 2.4% Europe (*) 20,227.5 93.9% 18,265.4 93.6% of which European Union 20,132.8 93.5% 18,128.2 92.9% North America 760.4 3.5% 820.7 4.2% Rest of the world 555.1 2.6% 434.1 2.2% Total 21,543.0 100.0% 19,520.2 100.0% (*) Including the eurozone for €16,915 million in 2005 and €15,525 million in 2004. 2. OTHER SEGMENT INFORMATION BY BUSINESS LINE The data below is for each business line separately and is stated before eliminations, at their own level, of transactions between the business lines. In order to maintain comparability between segment information for 2004 and 2005, the impacts of share-based payments (IFRS 2) are shown at the level of the VINCI holding company. 207
- Page 159 and 160: Alain Dinin Age: 55 • 1997-2008 N
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1.2.2 Breakdown of revenue by location of operations<br />
CONSOLIDATED FINANCIAL STATEMENTS<br />
(in € millions) <strong>2005</strong> % 2004 %<br />
France 13,667.9 63.4% 12,345.3 63.2%<br />
United Kingdom 1,782.6 8.3% 1,533.4 7.9%<br />
Germany 1,608.1 7.5% 1,617.4 8.3%<br />
Central and Eastern Europe 1,378.4 6.4% 1,022.4 5.2%<br />
Belgium 1,083.3 5.0% 982.6 5.0%<br />
Spain 307.9 1.4% 301.5 1.5%<br />
Other European countries 399.3 1.9% 462.8 2.4%<br />
Europe (*) 20,227.5 93.9% 18,265.4 93.6%<br />
of which European Union 20,132.8 93.5% 18,128.2 92.9%<br />
North America 760.4 3.5% 820.7 4.2%<br />
Rest of the world 555.1 2.6% 434.1 2.2%<br />
Total 21,543.0 100.0% 19,520.2 100.0%<br />
(*) Including the eurozone for €16,915 million in <strong>2005</strong> and €15,525 million in 2004.<br />
2. OTHER SEGMENT INFORMATION BY BUSINESS LINE<br />
The data below is for each business line separately and is stated before<br />
eliminations, at their own level, of transactions between the business lines.<br />
In order to maintain comparability between segment information for<br />
2004 and <strong>2005</strong>, the impacts of share-based payments (IFRS 2) are shown<br />
at the level of the <strong>VINCI</strong> holding company.<br />
207
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