Annual report 2019

118

26. PROVISIONS

ONEROUS CONTRACTS

WARRANTIES RESTRUCTURING

OTHER

TOTAL 2019

TOTAL 2018

Balance as at 1 January

39,356 26,273 - 7,101 - 2,262

18,471 44,320 - 11,629

19,356

8,524 3,636

9,912 9,407 - 912 - 638

56,263 60,821 - 17,388 - 4,271

Provisions made during the year Provisions used during the year Provisions reversed during the year

3,458

-

- 4,847

-

- 3,159

- 474

Exchange rate differences and other movements

- 3

199

1

- 67

47

180

Balance as at 31 December

56,263

51,361

19,656

6,772

17,816

95,605

Current

28,404 27,859 56,263

51,361

2,630

5,941

380

60,312 35,293 95,605

Non-current

-

17,026 19,656

831

17,436 17,816

Balance as at 31 December

51,361

6,772

The provision for onerous contracts includes provisions for unfavorable contracts with customers, mainly of the segment Offshore Energy.

Restructuring provisions relate mainly to the restructuring of the head office.

Other provisions mainly relate to various claims made against the Group or threatening to be made including potential sanctions, from legal, regulatory and governmental proceedings or uncertain repayment liabilities. The Group disputes these claims and proceedings and has made an assessment of the amount of cash outflows that can be reasonably estimated. As litigation is inherently unpredictable, the possible outcome is uncertain and the amount may differ from the provisions listed above. 27. LEASES The Group has lease contracts for real estate, vessels and other assets. The lease period for these contracts varies from 1 to 40 years, in certain cases, mainly relating to rent of (parts of) buildings, with extension options. The Right-of-use assets and Lease liabilities as disclosed below, do not include short term and low value leases. In general, as usual with leases, the Group’s obligations under its leases are secured by the lessor’s title to or legal ownership of the leased assets.

ANNUAL REPORT 2019 – BOSKALIS FINANCIAL STATEMENTS 2019 L 9 -- BOSKALIS FINANCIAL STATEMENTS 2019 Balance as at 1 January 2019 Cost Accumulated depreciation charges Carrying amount Movements Additions Depreciation Balance as at 31 December 2019 Cost Accumulated depreciation charges Carrying amount Acquired through business combinations Currency translation differences and other movements

RIGHT-OF-USE ASSETS Movement in right-of-use assets as from 1 January 2019 (reference is made to notes 2.3 and 3.33):

FLOATING AND OTHER CONTRUCTION EQUIPMENT

LAND AND BUILDINGS

OTHER FIXED ASSETS

TOTAL

44,978

15,714

20,337

81,029

-

-

-

-

44,978

15,714

20,337

81,029

23,382 - 9,885

10,442 - 8,492

10,632 - 8,912

44,456 - 27,289

6,063

-

-

6,063

- 115

129

- 396 1,324

- 382

19,445

2,079

22,848

74,308 - 9,885 64,423

26,285 - 8,492 17,793

30,573 - 8,912 21,661

131,166 - 27,289 103,877