Boskalis_Annual_Report_2016

82

4.1

OPERATIONAL SEGMENTS

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2016

GROUP

Revenue

1,164,471

1,333,723

121,352

- 23,220

2,596,326

EBITDA

222,975

374,749

55,069

7,712

660,505

Share in result of strategic investments before impairments, excluding Fugro

3,612

2,175

35,541

39

41,367 - 30,094

Impact of Fugro (note 5.5)

- 30,094

Revaluation result of investment in VBMS Holding B.V. prior to business combination

39,839 33,974

39,839 33,974

Book result of KOTUG SMIT Towage

Operating result (before impairment losses) Impairment losses, including within joint ventures

119,653

209,500

48,789

6,624

384,566 - 842,641 - 458,075 - 71,315 - 32,360 - 561,750

EBIT

Non-allocated finance income and expenses

Non-allocated income tax expenses

Net Group profit / loss (-)

Carrying amount of strategic investments

4,180

55,493

767,150

221

827,044

Investments in property, plant and equipment

108,727

65,973

2,261

5,122

182,083

Depreciation on property, plant and equipment

104,569 - 1,247

157,078

6,280

856

268,783 - 1,305

Reversal impairment losses on property, plant and equipment

- 58

- -

-

Amortization of intangible assets

-

8,229

232

8,461

Impairment losses on property, plant and equipment

16,530

338,303 382,269

7,957

3,427

366,217 382,269 94,155

Impairment losses on goodwill Impairment losses in joint ventures

- -

-

- -

-

94,155

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2015

GROUP

Revenue ANNUAL REPORT 2016 – BOSKALIS FINANCIAL STATEMENTS 2016 EBITDA Impact of Fugro (note 5.5) EBIT Non-allocated income tax expenses Net Group profit / loss (-) Carrying amount of strategic investments Amortization of intangible assets Impairment Fugro N.V.

1,727,183

1,233,412

294,862

- 15,130

3,240,327

400,361

418,400

96,215

- 30,268

884,708

Share in result of strategic investments before impairments, excluding Fugro

2,862

6,981

36,265

243

46,351 - 3,437

- 3,437

Operating result (before impairment losses) Impairment losses, including within joint ventures

299,493

250,511

79,110

- 51,788

577,326 - 14,533 562,793 - 31,811 - 87,452 443,530

Non-allocated finance income and expenses

3,457

75,748

722,253

391,315

1,192,773

Investments in property, plant and equipment

109,652

89,161

15,367

16,195

230,375

Depreciation on property, plant and equipment

100,180

156,087 11,802 11,341

17,105

- 7,536

265,836 12,722 14,533 28,824

688

- -

232

Impairment losses on property, plant and equipment

3,192

-

28,824

As required by IFRS, the information as presented above reconciles with the internal management information of the Board of Management. In measuring the financial performance of operational segments, certain line items are presented differently in the internal management information than in these EU-IFRS consolidated financial statements.

ƒ In the EU-IFRS consolidated statement of profit or loss the Result from operating activities (EBIT) shows a loss of EUR 458.1 million and includes impairment losses of EUR 843 million including impairment losses