VINCI - 2005 annual report
VINCI - 2005 annual report VINCI - 2005 annual report
2.4.3 Non-current financial debt (in € millions) Notes 31/12/2004 French GAAP 6,467 Reclassifications: Part at less than one year of long-term financial debt (a) (526) Total (526) Restatements: Fair value of hedging derivative financial instruments (b) 152 Effect of applying the amortised cost method to OCEANE bonds (c) 52 Other (including effect of applying the amortised cost method to other loans) (d) (5) Total 199 IFRS 6,140 Reclassification: (a) In accordance with IAS 1, the part of financial debt at less than one year has been reclassified as current financial debt. Restatements: (b) The opposite entry to the recognition of the fair value of derivatives is the corresponding financial debt account (see note 2.3.6. (b)). 2.4.4 Deferred tax liabilities and other non-current liabilities 274 VINCI 2005 ANNUAL REPORT (c) This restatement arises from the application of the amortised cost method to the OCEANE bonds. (d) The other restatements relate mainly to the application of the amortised cost method to VINCI’s other loans. (in € millions) Notes 31/12/2004 French GAAP 179 Reclassifications: Part at less than one year of other long-term liabilities (a) (34) Total (34) Restatements: Deferred tax recognised on IFRS restatements (b) 39 Total 39 IFRS 184 Reclassifications: (a) In accordance with IAS 1, the part of other liabilities at less than one year has been reclassified under trade payables and other current liabilities. 2.4.5 Current provisions Restatements: (b) This amount corresponds to the deferred tax liabilities recognised on IFRS restatements. (in € millions) Notes 31/12/2004 French GAAP 0 Reclassifications: Current provisions and part at less than one year of non-current provisions (a) 1,403 Total 1,403 Restatements: Effect of discounting current provisions (b) (17) Other (3) Total (20) IFRS 1,383 Reclassifications: (a) see 2.4.2 (a). Restatements: (b) Provisions are henceforth recognised at their present value.
2.4.6 Trade and other current payables CONSOLIDATED FINANCIAL STATEMENTS (in € millions) Notes 31/12/2004 French GAAP 9,596 Reclassifications: Current tax payables (a) (270) Part at less than one year of retirement benefit obligations (b) 35 Part at less than one year of other liabilities (c) 34 Total (201) Restatements: Deferred income included in borrowing (d) (26) Other (6) Total (32) IFRS 9,363 Reclassifications: (a) In accordance with IAS 12, current tax payables previously shown under trade and other operating payables are shown under a distinct heading in the balance sheet. (b) The part at less than one year of retirement obligations is reclassified as a current liability. (c) see 2.4.4 (a) 2.4.7 Current financial debt Restatements: (d) Income related to certain financial instruments (equalisation payments) recognised as deferred income under French GAAP. In accordance with IAS 39, this is now recognised under borrowing and amortised using the effective interest rate method. (in € millions) Notes 31/12/2004 French GAAP 677 Reclassifications: Part at less than one year of non-current financial debt (a) 526 Accrued interest not matured on swaps (b) (78) Total 448 IFRS 1,125 Reclassifications: (a) see 2.4.3 (a). (b) Accrued interest on swaps that was previously shown in this account is henceforth presented on the line “fair value of derivative instruments, liabilities”. 275
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2.4.6 Trade and other current payables<br />
CONSOLIDATED FINANCIAL STATEMENTS<br />
(in € millions) Notes 31/12/2004<br />
French GAAP 9,596<br />
Reclassifications:<br />
Current tax payables (a) (270)<br />
Part at less than one year of retirement benefit obligations (b) 35<br />
Part at less than one year of other liabilities (c) 34<br />
Total (201)<br />
Restatements:<br />
Deferred income included in borrowing (d) (26)<br />
Other (6)<br />
Total (32)<br />
IFRS 9,363<br />
Reclassifications:<br />
(a) In accordance with IAS 12, current tax payables previously shown<br />
under trade and other operating payables are shown under a distinct<br />
heading in the balance sheet.<br />
(b) The part at less than one year of retirement obligations is reclassified<br />
as a current liability.<br />
(c) see 2.4.4 (a)<br />
2.4.7 Current financial debt<br />
Restatements:<br />
(d) Income related to certain financial instruments (equalisation payments)<br />
recognised as deferred income under French GAAP. In accordance with<br />
IAS 39, this is now recognised under borrowing and amortised using the<br />
effective interest rate method.<br />
(in € millions) Notes 31/12/2004<br />
French GAAP 677<br />
Reclassifications:<br />
Part at less than one year of non-current financial debt (a) 526<br />
Accrued interest not matured on swaps (b) (78)<br />
Total 448<br />
IFRS 1,125<br />
Reclassifications:<br />
(a) see 2.4.3 (a).<br />
(b) Accrued interest on swaps that was previously shown in this account<br />
is henceforth presented on the line “fair value of derivative instruments,<br />
liabilities”.<br />
275
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