Boskalis Annual Report 2018

128 ANNUAL REPORT 2018 – BOSKALIS FINANCIAL STATEMENTS 2018 A UAL REP RT 2018 -- BOSKALIS FINANCIAL STATEMENTS 2018 128 COMPANY Dredging & Contracting Belgium N.V. Unie van Redding- en Sleepdienst N.V. Boskalis Offshore GmbH Boskalis Offshore International GmbH Boskalis Offshore Subops GmbH VBMS GmbH Boskalis Offshore CI Limited Boskalis Offshore Limited Gardline Limited Gardline Shipping Limited VBMS ApS Boskalis Offshore AS Smit Marine South Africa (Pty) Ltd Boskalis Offshore Singapore Pte. Ltd Smit Holding Singapore Pte. Ltd Smit Shipping Singapore Pte. Ltd Smit Singapore Pte. Ltd TOWAGE & SALVAGE Rotterdam Tug B.V. Smit Salvage B.V. Smit Towage Brasil B.V. Smit Towage Europe B.V. Smit Towage Holding B.V. Smit Towage Mexico B.V. Smit Towage Terminals B.V. HOLDING & ELIMINATIONS Baggermaatschappij Boskalis B.V. Boskalis Finance B.V. Boskalis Holding B.V. Boskalis Westminster Dredging B.V. Smit Internationale Beheer B.V. Smit Internationale N.V. Smit International Overseas B.V. Smit Nederland B.V. Smit Vessel Management Services B.V. Boskalis Germany Holding GmbH UAB "Boskalis Baltic" B.K.W. Dredging & Contracting Limited Boskalis Westminster Dredging Limited

2018 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 49% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% -

2017 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% - 49%

CITY OF INCORPORATION COUNTRY OF INCORPORATION

Boskalis Offshore Transport Services N.V.

Antwerp Overijse Antwerp Hamburg

Belgium Belgium Belgium Germany Germany Germany Germany

Wilhelmshaven

Hamburg

Wilhelmshaven

Hoddesdon Hoddesdon Hoddesdon

United Kingdom United Kingdom United Kingdom United Kingdom United Kingdom

Boskalis Subsea Limited (formerly VBMS (UK) Limited)

Great Yarmouth Great Yarmouth

Copenhagen

Denmark Norway

Stavanger

Boskalis Offshore Subsea Contracting Azerbaijan LLC

Baku

Azerbaijan South Africa

Cape Town

Boskalis Offshore Subsea Services (Middle East) L.L.C.* Boskalis Offshore Subsea Services (Australia) Pty Ltd

Dubai

United Arab Emirates

Chatswood Singapore Singapore Singapore Singapore

Australia Singapore Singapore Singapore Singapore

Rotterdam

The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands

Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht

Boskalis Marine Infrastructure Investments B.V.

Rotterdam

Papendrecht

Rotterdam Rotterdam Rotterdam Hamburg Klaipeda

Germany Lithuania

Nicosia Limassol

Cyprus Cyprus

* The Group holds a legal interest of 50% or less in these entities, but has the majority of voting power. As a consequence, the Group consolidates these subsidiaries in accordance with the principles of financial reporting set out in paragraph 3.

OTHER RELATED PARTIES Joint ventures and associates The main active joint ventures and associates are mentioned in note 17.

Pension plans classified as funded defined benefit pension plans See note 25.1 for information on pension plans that are classified as funded defined benefit pension plans in accordance with IAS 19. There were no changes and further material transactions with these pension funds as disclosed in this note. Members of the Board of Management and members of the Supervisory Board The only key management officers qualifying as related parties are the members of the Board of Management and the members of the Supervisory Board.