CFE - 2006 annual report - Vinci

The heading “property held for sale” contains the unsold part of lands (build or not) and buildings (under construction or
finished). It mainly includes the following projects:
- Rue de Laeken - Barbarahof - Réduit des Dominicains
- Calevoet - Greenwood - Espace Rolin
- Les Jardins de Jette - Les Jardins de la Couronne offices - Agora
- Brugmann - Rue des Sables - Antwerpsesteenweg
Inventories constituting a guarantee amount to 91,902 thousand Euro (2005: 181,239 thousand Euro). This amount is com-
posed of mortgage mandates for 90,225 thousand Euro and mortgage inscriptions for 1,677 thousand Euro. These mortgage
mandates are often granted to special purpose companies.
The variation of stocks write-off amounts to 1,507 thousand Euro comparing to the previous year (2005: 2,024 thousand Euro).
In the exercise 2006, there was no significant reversal of stock write-off (2005: 1056 thousand Euro).
The stock variation amounts to -15,924 thousand Euro at the end of 2006 (2005: -10,504 thousand Euro) and is related to the
non sold part of the Jardins de la Couronne, Calevoet, Espace Rolin and Barbarahof. This heading was influenced by the sale
of the real estate project “Dôme” for -1,129 thousand Euro.
20. Trade receivables and payables and other operating receivables
and payables
(in thousand Euro)
2006 2005
Trade receivables 451,037 388,179
Minus: provision doubtful debtors (4,963) (5,415)
Net trade receivables 446,074 382,764
Receivables from third parties 48,298 44,125
Receivables linked to construction contracts 26,007 38,664
Total consolidated 520,379 465,553
Other current assets 12,185 19,050
Trade payables and other operating debts 370,042 367,115
Other current liabilities 170,103 105,989
Consolidated total of trade payables and other operating debts 540,145 473,104
Net situation of trade receivables and payables (7,581) (11,499)
C F E F I N A N C I A L R E P O R T 2 0 0 6 I 1 2 6 t h c o r p o r a t e f i n a n c i a l y e a r
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