VINCI - 2005 annual report

CONSOLIDATED FINANCIAL STATEMENTS
I. RECONCILIATION OF THE FINANCIAL STATEMENTS
AT 31 DECEMBER 2004 (FRENCH GAAP / IFRS)
The tables below show the reconciliations of the financial statements
(income statement, balance sheet and cash flow statement) prepared under
French GAAP and IFRS, distinguishing, on the one hand, restatements that
affect net profit (and/or a corresponding entry under equity) and, on the
other, reclassifications that are solely changes in presentation within a
statement, with no effect on net profit.
1. RECONCILIATION OF THE 2004 INCOME STATEMENT
(FRENCH GAAP AGAINST IFRS)
(in € millions) French GAAP Notes IFRS Notes
Revenue 19,520 Revenue 19,520
Other revenue 665 Revenue from ancillary activities 255
Operating expenses (18,165)
Net provision charge (32) Operating expenses (18,475)
Depreciation and amortisation (617)
Operating income 1,372 1.1
Operating profit from ordinary activities 1,300 1.1
Share-based payment expense (IFRS 2) (36)
Goodwill impairment expense (46)
Non-recurring items (10)
Operating profit 1,208 1.1
Financial expense (151) Cost of net financial debt (242)
Other financial income and expenses 127 Other financial income and expenses 238
Net financial income / (expense) (24) 1.2 Net financial income / (expense) (3) 1.2
Net exceptional income / (expense) (53) 1.3
Income tax (388) Income tax expense (380)
Amortisation of goodwill (80) 1.4
Share in net earnings of companies accounted
for by the equity method 14 Share of profit / (loss) of associates 14
Net profit for the period
(including minority interest) 838
Minority interest (109) Minority interest (107)
Net income 731 1.5 Net profit attributable to equity holders
of the parent 732 1.5
263