|
Impregilo Group
|
(in millions of euro)
|
2004
|
2003
|
|
|
|
|
Income statement
|
|
|
|
Value of production
|
2,961.2
|
2,932.4
|
|
Core business revenue
|
2,735.3
|
2,678.6
|
|
Operating profit
|
126.9
|
181.5
|
|
Pre-tax result
|
(31.2)
|
115.9
|
|
Net result for the year (*)
|
(101.5)
|
50.5
|
|
|
|
|
|
Balance sheet
|
|
|
|
Net fixed assets
|
1,376.1
|
1,358.3
|
|
Current assets
|
(316.8)
|
(265.0)
|
|
Net capital employed
|
1,059.3
|
1,093.3
|
|
Shareholders’ equity
(including reserve for exchange rate fluctuations)
|
211.5
|
326.4
|
|
Reserve for exchange rate fluctuations
|
(201.6)
|
(210.8)
|
|
Net financial position, net of Project Financing
|
(498.9)
|
(528.1)
|
|
Project Financing (**)
|
(348.9)
|
(238.8)
|
|
|
|
|
|
Business highlights
|
|
|
|
Contracting backlog:
|
|
|
|
- construction contracts
|
5,609
|
4,681
|
|
- concessions and services
|
8,949
|
8,725
|
|
Total employees (heads at year-end)
|
11,703
|
12,998
|
|
Capital expenditure
|
205.1
|
236.3
|
|
|
|
|
|
Ratios
|
|
|
|
Return on sales %
|
4.3%
|
6.2%
|
|
Return on net financial charges
|
2.10
|
2.66
|
|
Return on investments %
|
12%
|
16.6%
|
(*) Of which 74,754 euro/000 of
tax (current, deferred, prepaid)
(**) Borrowings specifically arranged to be
guaranteed by operating cash flows from concessions.
Impregilo S.p.A.
|
(in millions of euro)
|
2004
|
2003
|
|
|
|
|
Income statement
|
|
|
|
Value of production
|
2,054.3
|
1,772.4
|
|
Core business revenue
|
2,011.6
|
1,706.1
|
|
Operating profit
|
87.7
|
122.7
|
|
Pre-tax result
|
(104.42)
|
62.9
|
|
Net result for the year
|
(142.7)
|
32.4
|
|
|
|
|
|
Balance sheet
|
|
|
|
Net fixed assets
|
636.9
|
862.3
|
|
Current assets
|
(189.4)
|
(160.0)
|
|
Net capital employed
|
447.5
|
702.3
|
|
Shareholders’ equity
|
346.0
|
511.3
|
|
Net financial position
|
(101.5)
|
(191.0)
|
|
|
|
|
|