VINCI - 2005 annual report

2.2 BALANCE SHEET EQUITY AND LIABILITIES
Notes French GAAP IFRS IFRS IFRS
(in € millions) 31/12/2004 reclassifications restatements 31/12/2004
Capital and reserves attributable to equity holders of the parent 3,148 (132) 3,016
Minority interest 596 3 599
Equity 3,615
Investment grants 2.3.3 580 (580)
Retirement and employee benefit obligations 2.4.1 586 (35) 127 678
Non-current provisions 2.4.2 1,687 (1,403) (119) 165
Non-current financial debt 2.4.3 6,467 (526) 199 6,140
Fair value of non-current derivatives (liabilities) 34 1 35
Deferred tax liabilities and other non-current liabilities 2.4.4 179 (34) 39 184
Total non-current liabilities 7,202
Current provisions 2.4.5 1,403 (20) 1,383
Trade and other current payables 2.4.6 9,596 (201) (32) 9,363
Fair value of current derivatives (liabilities) 44 1 45
Current tax payables 213 213
Current financial debt 2.4.7 677 448 1,125
Total current liabilities 12,129
Total equity and liabilities 23,516 (637) 66 22,946
2.3 RECONCILIATION OF BALANCE SHEET ASSETS (FRENCH GAAP AGAINST IFRS)
2.3.1 Intangible assets
(in € millions) Notes 31/12/2004
French GAAP 173
Reclassifications:
WFS market shares (a) (63)
“Commercial goodwill” (a) (10)
Total (73)
Restatements:
Cancellation of commercial goodwill (b) (28)
Quarrying rights (c) 10
Total (18)
IFRS 82
Reclassifications:
(a) “Commercial goodwill” and market shares acquired as part of business
combinations and recognised in intangible assets under French GAAP are
reclassified to goodwill under IFRS.
Restatements:
(b) Other “commercial goodwill” items that do not meet the definition
of an intangible asset under IAS 38 have been cancelled against equity.
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VINCI 2005 ANNUAL REPORT
(c) Quarrying rights relating to the operation of quarries in the Roads
division, previously recognised in deferred charges, and meeting the
definition of an asset under IAS 38 have been recognised in intangible
assets.