Boskalis_Annual Report_2017

TABLE OF CONTENTS

Consolidated Statement of Profit or Loss

70 71 72 73 74 76 76 76 76 76 76 77 77 77 78 79 79 79 80 80 80 80 80 81 81 81 81 81 81 82 82 82 82 83 83 83 83 83 83 83 84 84 84 84 85 86 87 87 88 88 89 89 90 90 90 91 91 92 92

Consolidated Statement of Other Comprehensive Income

Consolidated Statement of Financial Position Consolidated Statement of Cash Flows Consolidated Statement of Changes in Equity

Explanatory notes to the Consolidated Financial Statements

1. 2.

General

Compliance with International Financial Reporting Standards

2.1 2.2 2.3 3. 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9

Compliance statement

Adopted new and revised standards

New standards and interpretations not yet adopted

Principles of financial reporting

Format and valuation

Consolidation

Foreign currencies

Derivatives and hedging

Impairment

Intangible assets

Property, plant and equipment

Strategic investments Non-current receivables

3.10 3.11 3.12 3.13 3.14 3.15 3.16

Financial instruments available for sale

Inventories

Due from and due to customers Trade and other receivables Cash and cash equivalents

Share capital

Interest-bearing borrowings

ANNUAL REPORT 2017 -- BOSKALIS FINANCIAL STATEMENTS 2017 Employee benefits 3.17 Provisions 3.18 3.19 Assets held for sale 3.20 Revenue 3.21 3.22 3.23 Personnel expenses 3.24 Lease payments 3.25 3.26 3.27 3.28 Earnings per share 3.29 Dividend 3.30 3.31 3.32 4. Segment reporting Operational segments 4.1 5. 5.1 5.2 5.3 5.4 6. Revenue 7. 8. 9. Personnel expenses 10. Impairment losses 11. 12. Income tax expenses 13.

Trade and other payables

Other income and other expenses

Raw materials, consumables, services and contracted work

Finance income and costs

Share in result of joint ventures and associated companies Taxation / deferred income tax assets and liabilities

Determination of fair value

Consolidated statements of cash flows

Business combinations and other significant transactions

Acquisition of Gardline Group Divestment of stake in Fugro N.V. Assets and liabilities held for sale

Business combinations and other significant transactions in prior year

Other income and other expenses

Raw materials, consumables, services and subcontracted work

Finance income and expenses

Income tax receivable and payable