VINCI - 2005 annual report

CONSOLIDATED FINANCIAL STATEMENTS
13.3 BREAKDOWN OF CONCESSION INTANGIBLE FIXED ASSETS
BY TYPE OF INFRASTRUCTURE
Motorways Car parks Other Total VINCI Other Total
(in € millions) infrastructures Concessions Concessions
Gross
At 31/12/2004 5,204.6 1,302.2 660.8 7,167.7 9.5 7,177.2
Acquisitions as part
of business combinations
Other acquisitions in the period 845.4 45.8 7.2 898.4 8.9 907.3
Disposals and retirements during the year (21.5) (17.8) (39.3) (0.5) (39.8)
Translation differences 49.1 3.4 25.6 78.1 78.1
Other movements (25.9) (0.1) 3.9 (22.1) 7.1 (15.0)
6,051.7 1,333.5 697.5 8,082.7 25.0 8,107.8
Grants received (12,9) (12.9) (8.5) (21.4)
At 31/12/2005 6,051.7 1 333.5 684.6 8 069.8 16.5 8,086.4
Amortisation and impairment losses
At 31/12/2004 (1,620.6) (466.7) (60.8) (2,148.1) (5.0) (2,153.1)
Amortisation for the period (134.2) (47.3) (22.8) (204.3) (0.4) (204.7)
Impairment losses (0.2) (3.4) (3.6) (3.6)
Reversals of impairment losses 0.3 0.2 0.5 0.5
Disposals and retirements during the year 18.4 14.7 33.2 0.5 33.7
Translation differences (6.2) (1.2) (4.6) (12.0) (12.0)
Other movements (3.5) (2.8) 0.2 (6.2) (6.2)
At 31/12/2005 (1,746.0) (506.5) (88.0) (2,340.5) (4.9) (2,345.3)
Net
At 31/12/2004 3,584.0 835.6 600.0 5,019.6 4.5 5,024.1
At 31/12/2005 4,305.7 827.1 596.6 5,729.4 11.6 5,741.0
The investments made in new concession projects during the period
amounted to €811 million compared with €568 million in 2004. They
include in particular the investments made by Cofiroute of €735 million
during the period (compared with €450 million in 2004).
Borrowing costs capitalised in 2005 in the cost of projects under construction
amounted to €63.3 million (of which €61.7 million in Cofiroute).
Assets under construction for new projects amounted to €1,476.8 million
at 31 December 2005 (of which €1,425.0 million in Cofiroute, and
€21.8 million in VINCI Park).
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