CFE - 2006 annual report - Vinci

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(in millions of EUR) 2006 2005 Order book 22.3 19.4 as of December 31 Activity 15.2 12.4 During the last exercice, ABEB has succeeded to realize a sensitive increase of its activity and manpower. In the residential sector, the apartment complex for DCB: ‘De Platanen’ in Vilvoorde has been completed. In Antwerp, both projects: ‘De Burbure’ and ‘Opera Lofts’ continued their course as well as the construction of two apartment buildings in Brussels, named ‘Jacqmain’ and ‘Pelikaan’. An important construction and renovation project in Antwerp: ‘Stadsfeestzaal’ is progressing on schedule. Located on a prime location in the city centre, this complex consists of a large shopping centre with underground car park. Additional orders, including the construction of 20 exclusive apartments for BPI-Vooruitzicht, extended the original contract. The works started in 2005 and the shopping centre is due to open in the autumn of 2007. Patrick Verswijvel, Marc De Winter In Vilvoorde, ABEB is renovating on behalf of Watersteen, the former penitentiairy complex that is given a new des- tination. Started in Brussels, in collaboration with CFE Brabant, the construction of three apartment buildings with retail area and underground car park. The Province of Antwerp trusted the complete moderniza- tion of the former city library to ABEB. This building will accomodate the students of the Plantijn Hogeschool in 2008. For the account of VESPA (independant municipal company for real estate and city projects in Antwerp), ABEB started the construction of a residential project in the city center. 2007 should allow ABEB to increase its revenue and insure a better coverage of general expense, which have weighed considerably on its results the past years. Apartment complex “de Platanen” at Vilvoorde. Architect: Stijfhals and Partners. 2 9
3 0 Koen Vande Voorde, 37 years Site Superintendent I started with ABEB as a skilled carpenter. Over time, I was promoted to qualified foreman and now, for the past two and a half years, I am a works superintendent. The “Stadsfeestzaal” project, on which I am responsible for the conversion works on the “Meir” building, is a challenge, because the conversions are exceptional in every sense. When completed, we will have created three new floors under the four existing floors. Everyone has to be extra careful and alert at all times to guarantee the safety that is challenged by the short construction period and the level of difficulty. A second challenge is coordinating the different construction methods that are being applied simultaneously in different areas of the building, given that the building is the only access point to the large festival hall which is in its finishing stage. Strict engagements have to be respected conscientiously given the variety of subcontractors working together side-by-side. For years, my motivation has remained the same: to create a building that every one can be proud of, whilst ensuring as few accidents as possible. I hope that in the years to come I will be able to build other projects with my friends and colleagues, and meet new challenges. By early 2009, all wastewater produced in the Liège urban area will be treated. In fact, we are building the last wastewater treatment plant, but definitely not the least as it is the second largest in the Liège urban area (200.000 P.E.). This is the Liège-Sclessin station. It is the result of fruitful internal collaboration during bidding between CFE EcoTech and Bageci in a joint venture with other partners. This wastewater treatment plant, which we can all be proud of, has allowed me to meet three personal challenges as a responsible of “process” engineering within CFE EcoTech. Firstly, prepare and successfully complete the building permit application dossier. Secondly, manage the “process” design of the wastewater treatment plant and the compact integration of the main equipment in a closed, highly complex building. And finally, create a quality dossier within the limits of the budget allocated for “process” design and in the global interest of the association. More than 28 years of experience in the wastewater treatment business, including 8 at CFE, don’t allow me to hide my so-called “respectable” age of 58, which in no way lessens my enthusiasm and motivation for other major projects in the future. Pierre Dulière, 58 years Engineering Manager C F E A N N U A L R E P O R T 2 0 0 6 I 1 2 6 t h C F E A N N U A L R E P O R T 2 0 0 6 I c o r p o r a t e f i n a n c i a l y e a r 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
Page 1 and 2: Compagnie d’Entreprises CFE SA A
Page 4 and 5: Well-managed growth With a 19% incr
Page 6 and 7: Men and women serving the group ●
Page 8 and 9: July • Delivery of the renovated
Page 10 and 11: Philippe Ratynski Philippe Ratynski
Page 12 and 13: IFRS Belgian Standards Data in EUR
Page 14 and 15: from the left to the right: Patrick
Page 16 and 17: Workforce developments in the Const
Page 18 and 19: Last, but not least, we must emphas
Page 20 and 21: Evolution of the frequency rate - D
Page 22 and 23: Theme Commitments Initiatives Human
Page 24: 2 3
Page 27 and 28: 2 6 Overall view of the watertreatm
Page 29: 2 8 In the Netherlands, the work do
Page 33 and 34: 3 2 Façade of “Résidence Theys
Page 35 and 36: 3 4 Extension of Dredging Internati
Page 37 and 38: 3 6 New all-purpose sports centre
Page 39 and 40: 3 8 Construction of an office build
Page 41 and 42: 4 0 Suite of offices for the Europe
Page 43 and 44: 4 2 Museum of Modern Art in Luxembo
Page 45 and 46: 4 4 Lorem André de Ipsum Koning do
Page 47 and 48: 4 6 Bernard Cols Bruno Lambrecht, C
Page 49 and 50: 4 8 Lorem Gérard Ipsum Bourelly, d
Page 51 and 52: 5 0 “Médiacité” business comp
Page 53 and 54: 5 2 “Sand Court” project for th
Page 55 and 56: 5 4 “Botanic” building in Bruss
Page 57 and 58: 5 6 Patrick Van Craen Damien Quinet
Page 59 and 60: 5 8 New lighting for the large hall
Page 61 and 62: 6 0 Saint-Michel clinic in Brussels
Page 63 and 64: 6 2 Erecting of catenaries by Engem
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Page 67 and 68: 6 6 from the left to the right: Mar
Page 69 and 70: 6 8 The brand new trailer “Mariek
Page 71 and 72: 7 0 In Richard’s Bay, South Afric
Page 73 and 74: 7 2 ● Venezuela DI further consol
Page 75 and 76: 7 4 DEC was selected as one of the
Page 77 and 78: 7 6 Financial report Corporate gove
Page 79 and 80: 7 8 Table of contents Corporate gov
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8 0 Corporate governance 1. Composi
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8 2 Bernard Huvelin VINCI 1, cours
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8 4 Co-opted Director whose nominat
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8 6 2. Operation of the Board of Di
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8 8 2.2 The Appointments and Compen
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9 0 3.3 Compensation of the Managin
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9 2 Remuneration of the auditors of
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9 4 Dredging & environment segment
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9 6 Contribution to the net resultp
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9 8 B. Risk factors 1. Risks common
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1 0 0 1.3 Management and workforce
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1 0 2 C. Insurance policy The CFE g
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1 0 4 6. Discharge to be given to t
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1 0 6 Definitions Associates Capita
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1 0 8 Transactions in 2005 1. Const
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1 1 0 Consolidated balance sheet Fo
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1 1 2 Statement of changes in Equit
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1 1 4 Notes to the consolidated fin
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1 1 6 The Financial Statements prep
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1 1 8 F. Goodwill 1. Goodwill Goodw
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1 2 0 Leases of assets under which
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1 2 2 P. Share capital Own shares p
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1 2 4 T. Trade and other payables T
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1 2 6 X. Derivative financial instr
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1 2 8 Revenue (in thousand Euro) 20
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1 3 0 Balance sheet at December 31
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1 3 2 For the exercise 2005 Fair va
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1 3 4 Income statement 4. Revenue f
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1 3 6 9. Income tax expenses Recogn
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1 3 8 10. Profit per share The basi
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1 4 0 Assets items under lease Cert
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1 4 2 14. Intangible assets other t
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1 4 4 15. Investments available for
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1 4 6 17. Other non current assets
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1 4 8 21. Cash and cash equivalents
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1 5 0 Movement in the fair value of
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1 5 2 Interest rate risk The group
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1 5 4 26. Financial debts As per De
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1 5 6 29. Other commitments granted
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1 5 8 • The group CFE sets up a t
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1 6 0 List of the most important su
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1 6 2 C F E F I N A N C I A L R E P
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1 6 4 Statutory financial statement
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1 6 6 Analysis of the income statem
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1 6 8 The headquarter at your servi
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CFE - 2006 annual report - Vinci

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