Boskalis Annual Report 2018

108 ANNUAL REPORT 2018 – BOSKALIS FINANCIAL STATEMENTS 2018 A UAL REP RT 2018 -- BOSKALIS FINANCIAL STATEMENTS 2018 108 The weighted average number of ordinary shares for the financial year is calculated as follows: (in number of shares) 2018 Issued and fully paid shares as at 1 January 130,677,293 Weighted effect of new ordinary shares issued due to optional dividend 1,165,899 Weighted effect of repurchased own ordinary shares due to optional dividend 1,130,278 Weighted effect of repurchased own ordinary shares - 481,037 Weighted average number of ordinary shares for the financial year 132,492,433 23.6 OTHER RESERVES Movements in other reserves: Legal reserves HEDGING RESERVE REVALUATION RESERVE CURRENCY TRANSLATION RESERVE Note [23.6.1] [23.6.2] [23.6.3] Balance as at 1 January 2018 5,466 101,996 199,777 Defined benefit plan actuarial gains/losses (-) and asset limitation, after income tax - - - Foreign currency translation differences for foreign operations, after income tax - - 36,349 Currency translation differences from joint ventures and associates, after tax - - - 4,217 Effective cash flow hedges, after income tax - 16,485 - - Change in fair value of cash flow hedges from joint ventures and associates, after tax - 173 - - Movement in legal reserve - - - Total movements - 16,658 - 32,132 Balance as at 31 December 2018 - 11,192 101,996 231,909 Legal reserves HEDGING RESERVE REVALUATION RESERVE CURRENCY TRANSLATION RESERVE Note [23.6.1] [23.6.2] [23.6.3] Balance as at 1 January 2017 - 3,905 102,458 339,018 Defined benefit plan actuarial gains/losses (-) and asset limitation, after income tax - - - Foreign currency translation differences for foreign operations, after income tax - - - 139,737 Currency translation differences from joint ventures and associates, after tax - - 496 Effective cash flow hedges, after income tax 17,786 - - Change in fair value of cash flow hedges from joint ventures and associates, after tax - 8,415 - - Other movements - - 462 - Movement in legal reserve - - - Total movements 9,371 - 462 - 139,241 Balance as at 31 December 2017 5,466 101,996 199,777 Under Dutch law the legal reserves are not available for dividend distribution to shareholders.

2017

130,076,852

1,893,243

-

- 872,618

131,097,477

OTHER LEGAL

TOTAL OTHER RESERVES

RESERVES OTHER RESERVES

[23.6.4]

[23.6.5]

221,970

- 21,856

507,353

-

- 3,906

- 3,906

-

-

36,349

- -

- -

- 4,217 - 16,485

-

- -

- 173

- 89,189 - 89,189

- 89,189 - 77,621

- 3,906

132,781

- 25,762

429,732

OTHER LEGAL

TOTAL OTHER RESERVES

RESERVES OTHER RESERVES

[23.6.4]

[23.6.5]

214,339

- 14,088

637,822

-

- 7,768

- 7,768

-

-

- 139,737

- -

- -

496

17,786

- -

- - -

- 8,415 - 462 7,631

7,631 7,631

- 7,768

- 130,469

221,970

- 21,856

507,353