Investor Presentaiton
Net financial debt by entity
VINCI
ā
(in ā¬ millions)
30 June 2010 31 December
restated
Debt/ cash
A vs
30 June 2011
2010
flow*
31-12-2010
Concessions
VINCI Autoroutes
(15,877)
(15,599)
(15,864)
4.8 x
(264)
(14,143)
(13,965)
(14,292)
4.8 x
(237)
VINCI Park
(794)
(787)
(760)
4.3 x
27
Other concessions
(354)
(385)
(372)
3.6 x
12
Concessions holding cos.
(586)
(462)
(439)
23
Contracting
2,423
2,955
1,445
ns
(1,511)
Energy business line
637
606
345
(262)
Eurovia
(9)
204
(251)
I
(455)
VINCI Construction
1,795
2,145
1,351
Property
8
56
(62)
-
Holding cos.
(592)
(471)
Net financial debt
(14,037)
(13,060)
(14,558)
(78)
2.8 x
(794)
(117)
394
(1,498)
Restated: after change of method, application of IAS 31, "Equity accounting of jointly controlled entities"
* Net financial debt/cash flow from operations before tax and cost of financing, on a 12-month rolling basis
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