100,650€ +0,40 % 21.11.2024 11:46

Jahresergebnisse 2009 - Finanzdaten

- Key figures
- Consolidated income statement
- Statement of comprehensive income
- Consolidated balance sheet
- Consolidated cash flow statement

Key figures
(in € millions)
	2009	2008
REVENUE	32,459.6	33,930.3
of which:
Revenue excluding construction by third parties of new infrastructure under concession	31,927.6	33,457.8
Revenue realised by concession operators for the construction of new infrastructure by third parties	532.0	472.5
Revenue outside France	12,366.1	12,571.9
% of revenue ()*	38.5%	37.4%
Operating profit from ordinary activities	3,192.5	3,377.8
% of revenue ()*	10.0%	10.1%
Operating profit	3,144.8	3,275.9
NET PROFIT ATTRIBUTABLE TO OWNERS OF THE PARENT	1,596.0	1,591.4
Earnings per share (in €)	3.27	3.39
Diluted earnings per share (in €)	3.21	3.30
Dividend per share (in €)	1.62	1.62
Equity including non-controlling interests	10,439.9	9,025.8
Net financial debt	(13,684.1)	(15,370.8)
Net financial debt excluding project finance	(12,482.9)	(14,410.8)
CASH FLOWS FROM OPERATIONS	4,964.2	4,871.8
Net investments in operating assets	(797.7)	(897.3)
Investments in concession assets and PPP contracts	(1,227.0)	(1,217.9)
Net financial investments ()	(110.3)	(277.9)
Cash flows from operating activities after net investments in operating assets	3,301.9	3,243.6

(*) Percentage calculated using revenue excluding construction by third parties of new infrastructure under concession.
(**) Including cash of companies acquired or sold.

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Consolidated income statement
(in € millions)
Earnings per share from continuing operations
	2009	2008
REVENUE	32,459.6	33,930.3
of which :
Revenue excluding construction by third parties of new infrastructure under concession	31,927.6	33,457.8
Revenue realised by concession operators for the construction of new infrastructure by third parties	532.0	472.5
Revenue from ancillary activities	201.5	216.1
Operating expenses	(29,468.6)	(30,768.7)
Operating profit from ordinary activities	3,192.5	3,377.8
Share-based payment expense (IFRS 2)	(62.9)	(103.5)
Goodwill impairment expense	(11.8)	(22.2)
Profit/(loss) of associates	27.1	23.8
OPERATING PROFIT	3,144.8	3,275.9
Cost of gross financial debt	(829.6)	(1,043.2)
Financial income from cash management investments	86.2	179.8
Cost of net financial debt	(743.4)	(863.3)
Other financial income	164.8	256.0
Other financial expenses	(123.4)	(199.0)
Income tax expense	(744.7)	(770.5)
Net profit from continuing operations	1,698.2	1,699.1
Net profit after tax from discontinued operations (halted or sold)
NET PROFIT FOR THE PERIOD	1,698.2	1,699.1
Profit for the period attibutable to non-controlling interests	102.2	107.7
NET PROFIT FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT	1,596.0	1,591.4

Earnings per share (in €)	3.27	3.39
Diluted earnings per share (in €)	3.21	3.30

Earnings per share
Earnings per share (in €)	3.27	3.39
Diluted earnings per share (in €)	3.21	3.30

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Statement of comprehensive income
in € millions
	2009	2008
NET PROFIT FOR THE PERIOD (including non-controlling interests)	1,698.2	1,699.1
Financial instruments: changes in fair value	(52.1)	(241.3)
of which:
Available-for-sale financial assets ()*	14.4	9.5
Cash flow hedge (effective part) ()	(66.5)	(250.8)
Change in equity of associates recognised directly in equity	(7.7)	(52.2)
Currency translation differences	39.4	(99.7)
Tax (***)	11.5	98.9
INCOME AND EXPENSES FOR THE PERIOD RECOGNISED DIRECTLY IN EQUITY	(9.0)	(294.3)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	1,689.3	1,404.8
of which:
Attributable to owners of the parent	1,584.3	1,310.6
Attributable to non-controlling interests	104.9	94.1

(*) At the balance sheet date, available-for-sale financial assets are measured at their fair value. In the absence of an objective indication of impairment, these changes in fair value are recognised directly in equity.
(**) Changes in the fair value of cash flow hedges (interest-rate hedges) are recognised in equity for the effective part. Cumulative gains and losses in equity are taken to profit or loss at the time when the cash flow affects profit or loss.
(***) Including €11.5 million of tax effects relating to changes in the fair value of financial instruments (compared with €98.9 million in 2008),-€10 million relating to available-for-sale financial assets (compared with €0.5 million in 2008) and €21.5 million relating to cash flow hedges (effective part) (compared with €98.4 million in 2008).

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Consolidated balance sheet
(in € millions)
ASSETS	2009	2008
Non-current assets
Concession intangible assets	24,223.8	24,059.2
Goodwill, net	3,638.2	3,578.9
Other intangible assets	184.3	177.3
Property, plant and equipment	4,614.0	4,582.9
Investment property	49.9	42.8
Investments in associates	214.1	165.9
Other non-current financial assets	892.6	622.4
Deferred tax assets	144.6	143.8
Total non-current assets	33,961.4	33,373.2

Current assets
Inventories and work in progress	755.7	786.4
Trade and other operating receivables	10,369.9	11,561.5
Other current assets	368.1	325.6
Current tax assets	64.6	91.5
Other current financial assets	242.9	246.9
Cash management financial assets	1,116.7	338.6
Cash and cash equivalents	5,556.9	5,068.5
Total current assets (before assets classified as held for sale)	18,474.8	18,419.0

Total current assets	18,474.8	18,419.0

TOTAL ASSETS	52,436.1	51,792.2

Equity and liabilities	2009	2008
Equity
Share capital	1,302.4	1,240.4
Share premium	5,749.6	5,162.7
Treasury shares	(1,108.2)	(1,247.5)
Other equity instruments	490.6	490.6
Consolidated reserves	2,040.9	1,436.1
Currency translation reserves	(75.4)	(113.6)
Net profit for the period attributable to owners of the parent	1,596.0	1,591.4
Amounts recognised directly in equity	(187.6)	(139.7)
Equity attributable to owners of the parent	9,808.4	8,420.5
Non-controlling interests	631.5	605.3
Total equity	10,439.9	9,025.8

Non-current liabilities
Non-current provisions	994.8	905.3
Bonds	5,318.7	3,958.7
Other loans and borrowings	12,895.9	13,813.6
Other non-current liabilities	133.6	114.2
Deferred tax liabilities	2,364.6	2,478.5
Total non-current liabilities	21,707.6	21,270.4

Current liabilities
Current provisions	2,842.2	2,672.4
Trade payables	6,233.6	6,803.8
Other current payables	8,507.8	8,574.0
Current tax payables	222.2	123.7
Current borrowings	2,482.8	3,322.0
Total current liabilities (excluding liabilities classified as held for sale)	20,288.6	21,495.9

Total current liabilities	20,288.6	21,495.9

TOTAL EQUITY AND LIABILITIES	52,436.1	51,792.2

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Consolidated cash flow statement
(in € millions)
	2009	2008
Consolidated net profit for the period (including non-controlling interests)	1,698.2	1,699.1
Depreciation and amortisation	1,814.0	1,730.1
Net provision expense / (reversals)	163.4	(83.5)
Share-based payments (IFRS 2) and other restatements	(30.6)	57.0
Gain or loss on disposals	(29.5)	(102.0)
Change in fair value of financial instruments	7.3	111.8
Share of profit or loss of associates, dividends received from unconsolidated entities and profit or loss from operations classified as held for sale	(41.2)	(38.7)
Capitalised borrowing costs	(105.4)	(135.9)
Cost of net financial debt recognised	743.4	863.3
Current and deferred tax expense recognised	744.7	770.5
Cash flows from operations before tax and financing costs	4,964.2	4,871.8
Changes in working capital requirement and current provisions	608.8	733.0
Income taxes paid	(689.6)	(582.4)
Net interest paid	(783.8)	(881.4)
NET CASH FLOWS FROM OPERATING ACTIVITIES - I	4,099.6	4,140.9
Purchases of property, plant and equipment, and intangible assets	(893.0)	(992.8)
Proceeds from sales of property, plant and equipment, and intangible assets	95.3	95.4
Net investments in operating assets	(797.7)	(897.3)
Cash flows from operating activities after net investments in operating assets	3,301.9	3,243.6
Purchases of concession fixed assets (net of grants received)	(1,051.8)	(1,166.6)
Financial receivables (PPP contracts and others)	(175.2)	(51.3)
Investments in concession and PPP contracts	(1,227.0)	(1,217.9)
Purchases of shares in subsidiaries and associates (consolidated and unconsolidated)	(185.5)	(479.8)
Proceeds from sales of shares in subsidiaries and associate (consolidated and unconsolidated)	69.5	95.5
Net effect of changes in scope of consolidation	5.7	106.4
Net financial investments	(110.3)	(277.9)
Dividends received from associates and unconsolidated entities	33.6	30.5
Other	(40.1)	40.3
NET CASH FLOWS FROM INVESTING ACTIVITIES - II	(2,141.6)	(2,322.4)
Changes in share capital	648.8	381.3
Changes in treasury shares	(2.5)	(200.3)
Non-controlling interests in share capital increases of subsidiaries	5.1	5.9
Dividends paid
- to shareholders of VINCI SA	(816.0)	(765.1)
- to non-controlling interests	(57.0)	(63.6)
Proceeds from new borrowings	1,489.5	679.1
Repayment of borrowings and changes in other current financial debt	(1,996.5)	(1,272.7)
Change in cash management assets	(813.7)	397.1
NET CASH FLOWS FROM FINANCING ACTIVITIES - III	(1,542.2)	(838.2)
CHANGE IN NET CASH - I + II + III	415.9	980.3

Net cash and cash equivalents at beginning of period	4,513.4	3,594.0
Other changes	26.9	(60.9)
Net cash and cash equivalents at end of period	4,956.3	4,513.4

Increase/(decrease) of cash management financial assets	813.7	(397.1)
(Proceeds from)/repayment of loans	507.0	593.6
Other changes	(76.9)	(183.4)
Change in net debt	1,686.7	932.5
Net debt at beginning of period	(15,370.8)	(16,303.3)
Net debt at end of period	(13,684.1)	(15,370.8)

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Letzte Aktualisierung: 04. 03. 2010