Annual report 2019

140

8. OPERATING INCOME AND EXPENSES Other operation expenses comprise the remuneration of the members of the Board of Management and members of the Supervisory Board for a total amount of EUR 5.7 million (2018: EUR 5.1 million) (see note 31.2) as well as other third party expenses of EUR 0.3 million (2018: EUR 0.7 million). Other operating expenses are borne by Group companies and these are reported as Other operating income. 9. REMUNERATION OF THE MEMBERS OF THE BOARD OF MANAGEMENT AND MEMBERS OF THE SUPERVISORY BOARD The remuneration of members of the Board of Management and members of the Supervisory Board is disclosed in the consolidated financial statements under Related party transactions (note 31.2). 10. AUDITOR REMUNERATION Ernst & Young Accountants LLP and its entire network charged the following fees to the Company and its subsidiaries: 2019 2018 Ernst & Young Accountants LLP Other EY network Total Ernst & Young Accountants LLP Other EY network In addition to the statutory audit of the financial statements, Ernst & Young Accountants LLP provided the following services:  Audits of financial statements of group entities;  Services in accordance with ISA 800 ‘Audits of financial statements prepared in accordance with special purpose framework’;  Services in accordance with ISA 2400 ’Engagements to review historical financial statements’;  Services in accordance with ISA 3000 ‘Assurance engagements other than audits or reviews of historical financial information’;  Services in accordance with ISA 4400 ‘Engagements to perform agreed upon procedures’. 11. COMMITMENTS AND CONTINGENT LIABILITIES Royal Boskalis Westminster N.V. heads a fiscal unity. The Company is therefore liable for the tax obligations of the fiscal unity as a whole. The Company has arrangements with third parties, amongst which banks and pension funds. These arrangements are on behalf of Group companies. Because the risks and rewards are with these Group companies, the costs are charged to these companies and the liabilities are recognized by these companies. The Company is jointly and severally liable for the fulfillment of obligations. Audit of the financial statements 2,158 458 2,616 2,338 458 Other audit engagements Tax advisory services Other non-audit services 53 15 68 51 8 - - 490 490 - - 259 - - - 2,211 963 3,174 2,389 725

Total

2,796

59

259

-

3,114

ANNUAL REPORT 2019 – BOSKALIS FINANCIAL STATEMENTS 2019 L 0 9 -- BOSKALIS FINANCIAL STATEMENTS 2019 Supervisory Board J. van der Veer, chairman Ms. I. Haaijer J.P. de Kreij D.A. Sperling Ms. J.A. Tammenoms Bakker J.N. van Wiechen

Certain recourse obligations exist in respect of project financing. Where necessary, provisions are deemed to have been made.

Some legal proceedings and investigations are ongoing with respect to entities of Royal Boskalis Westminster N.V. Where necessary, provisions are deemed to have been made.

Papendrecht / Sliedrecht, 4 March 2020

Board of Management

dr. P.A.M. Berdowski, chairman

H.J. Hazewinkel, deputy chairman

T.L. Baartmans B.H. Heijermans C. van Noort, CFO