Boskalis_Annual_Report_2016

99

The table below shows the share of the Group in total assets and revenues of its joint ventures and associated companies that are not material to the Group.

2016

JOINT VENTURES

ASSOCIATED COMPANIES

TOTAL

Total assets

1,317,367

243,659

1,561,026

Revenue

326,617

44,370

370,987

2015

JOINT VENTURES

ASSOCIATED COMPANIES

TOTAL

Total assets

1,123,289

231,891

1,355,180

Revenue

376,232

49,196

425,428

18. NON-CURRENT FINANCIAL ASSETS OTHER NON-CURRENT RECEIVABLES 18.1

2015

2016

8,091

5,915

Balance as at 1 January

Loan granted (to joint venture)

179

260 - 23

Repayment of loan (by joint venture)

- 1,820

Reclassified to disposal group

-

- 100

Currency translation differences and other movements

- 535 5,915

- 4,991

1,061

Balance as at 31 December

Other non-current receivables generally comprise loans to joint ventures and associated companies, long- term advance payments to suppliers and long-term receivables and retentions from customers, which are due in agreed time schedules. This item also includes accrued receivables which are allocated to the result over periods longer than one year.

FINANCIAL INSTRUMENTS AVAILABLE-FOR-SALE 18.2 The development of financial instruments available-for-sale is as follows:

2015

2016

290,935

-

Balance as at 1 January

Additional acquisition of share in Fugro N.V.

1,126

- - -

Change in fair value until significant influence is gained

- 20,092 - 271,969

Reclassification to associated companies Reclassification from associated companies

- - -

115,022

Change in fair value since significant influence was lost

357

115,379

Balance as at 31 December

The financial asset available-for-sale relates to the 9.4% investment in Fugro N.V. The fair value of the certificates, when classified as financial assets available-for-sale, equaled the quoted price at which certificates were sold (fair value hierarchy: level 1) when significant influence was lost (EUR 14.50). At year-end 2016 the certificates of shares were valued at EUR 14.55 per certificate. The reduction of our investment in Fugro N.V. (see note 5.5) was to a large extent realized via an accelerated book-build in which the Group agreed to a lock-up period. As a result the Group may not dispose of its certificates of shares in Fugro N.V. without a waiver up to 16 March 2017.

ANNUAL REPORT 2016 – BOSKALIS