Annual report 2019

94

OPERATIONAL SEGMENTS

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2019

GROUP

Revenue

1,517,706

1,020,359

132,117

- 25,582

2,644,600

EBITDA

241,575

47,355

41,613

45,293

375,836

Share in result of joint ventures and associates

3,260

5,976

16,461

- 107

25,590

Operating result (before extraordinary income)

107,553

- 70,871

37,880

- 46,099 82,258

28,463 82,258 110,721 - 15,681 - 20,141 74,899

Extraordinary income

EBIT

Non-allocated finance income and expenses

Non-allocated income tax expenses

Net Group profit / loss (-)

Carrying amount of joint ventures and associates

13,922

66,639

279,713

67,781

428,055

Investments in property, plant and equipment

128,330 29,724

89,295

1,544

28,421

247,590 44,456

Additions to right-of-use assets

9,968

120

4,644

Depreciation on property, plant and equipment and right-of-use assets

134,022

115,619

2,783

9,134

261,558

Amortization of intangible assets

- - -

2,607

950

-

3,557

Reversal of impairment charges on sale vessel

- -

- -

27,000 13,146

27,000 13,146

Reversal of impairment charges on sale Kotug Smit Towage

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2018**)

GROUP

Revenue

1,428,731

1,041,358

131,658

- 32,198

2,569,549

EBITDA*)

243,830

111,346

36,362

- 37,972

353,566

ANNUAL REPORT 2019 – BOSKALIS FINANCIAL STATEMENTS 2019 L R 9 -- BOSKALIS FINANCIAL STATEMENTS 2019 EBIT Non-allocated income tax expenses Net Group profit / loss (-) Amortization of intangible assets Impairment charges on goodwill Impairment charges within joint ventures

Share in result of joint ventures and associates, before extraordinary charges

4,354

3,834

19,990

208

28,386

Operating result (before extraordinary charges) Extraordinary charges, including within joint ventures

123,357

5,002

33,131

- 42,527

118,963 - 519,474 - 400,511 - 13,281 - 19,944 - 433,736

Non-allocated finance income and expenses

Carrying amount of joint ventures and associates

19,387

63,753

347,620

- 1,127

429,633

Investments in property, plant and equipment

112,079

73,090

1,261

8,323

194,753

Depreciation on property, plant and equipment

120,449

103,847

2,281

4,555

231,132

24

2,497

950

- - - - -

3,471

Impairment charges on property, plant and equipment

- - - -

136,864 154,939

- -

136,864 154,939 189,879 20,556

Impairment charges on joint ventures and associates

- -

189,879 20,556

*) EBITDA before extraordinary charges. **) Excluding the application of IFRS 16. Reference is made to note 2.3 under ‘IFRS 16 Leases’.

As required by IFRS, the information as presented above reconciles to the internal management information of the Board of Management. In measuring the financial performance of operational segments certain line items relating to extraordinary charges were presented differently in the internal management information compared to in the EU-IFRS consolidated financial statements. In the EU-IFRS Consolidated Statement of Profit or Loss the Result from operating activities (EBIT) shows a profit of EUR 110.7 million and includes reversal of impairment charges as a result of sales transactions of EUR 40.1 million and a book profit on the sale Saam Smit Towage of EUR 42.1 million. In this table above