VINCI - 2005 annual report

9. Operating and fi nancial review
TABLE OF CORRESPONDENCE
9.1 Financial situation 9, 180-181
9.2 Operating profi t
9.2.1 Signifi cant factors materially affecting the issuer’s income from operations NA
9.2.2 Discussion of changes in net sales or revenue 176-177
9.2.3 Strategic or governmental, economic, fi scal, monetary or political policies or factors that have materially affected,
or could materially affect, directly or indirectly, the issuer’s operations 182-184
10. Capital resources
10.1 Capital resources 180-181, 190-191, 240-247
10.2 Sources and amounts of cash fl ows 179-180, 192
10.3 Borrowing requirements and funding structure of the issuer 240-252
10.4 Restrictions on the use of capital resources that have materially affected,
or could materially affect, directly or indirectly, the issuer’s operations 183
10.5 Information regarding the anticipated sources of funds needed to implement planned investments 187
11. Research and development, patents and licences 144-146
12. Trend information
12.1 Most signifi cant trends in production since the end of the last fi nancial year 187
12.2 Commitments that are reasonably likely to have a material effect on the issuer’s prospects 187
13. Profi t forecasts or estimates NA
14. Administrative, management and supervisory bodies and senior management
14.1 Administrative and management bodies 153-158, 160
14.2 Administrative, management and supervisory bodies’ and senior management’s confl icts of interests 158-159
15. Remuneration and benefi ts
15.1 Remuneration and benefi ts in kind 162-165, 168
15.2 Total amounts set aside to provide pension, retirement or similar benefi ts 165
16. Organisation of board of directors and senior management
16.1 Date of expiration of current terms of offi ce 153-158
16.2 Members of the administrative, management or supervisory bodies’ service contracts 158-159, 293-295
16.3 Information about the audit committee and remuneration committee 160-161
16.4 Compliance with corporate governance requirements 158-159
17. Employees
17.1 Number of employees 121, 208-209
17.2 Shareholdings and stock options 163
17.3 Arrangements for involving the employees in the capital of the issuer 120, 233-234
18. Major shareholders
18.1 Shareholders holding more than 5% of the capital 301
18.2 Existence of different voting rights 301
18.3 Direct or indirect ownership of the issuer NA
18.4 Arrangements known to the issuer, the operation of which may at a subsequent date result in a change in control of the issuer NA
307