Boskalis Annual Report 2018

TABLE OF CONTENTS

Consolidated Statement of Profit or Loss

72 73 74 75 76 78 78 78 78 78 78 78 79 79 79 80 81 81 82 82 82 83 83 83 83 83 83 83 83 83 84 84 84 84 85 85 85 85 85 85 85 86 86 86 86 87 90 91 92 92 92 92 93 93 93 94 95 95 96

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 2.4 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.

Compliance statement Adopted new standards

Changes in Principles of Financial Reporting New standards and interpretations not yet adopted

Principles of Financial Reporting

Format and valuation

Consolidation

Foreign currencies Financial Instruments

Impairment

Intangible assets

Property, plant and equipment Joint ventures and associates Non-current financial assets

3.10 3.11 3.12 3.13 3.14 3.15

Financial instruments available for sale

Inventories

Unbilled and deferred revenue Trade and other receivables Cash and cash equivalents

Share capital

ANNUAL REPORT 2018 -- BOSKALIS FINANCIAL STATEMENTS 2018 3.16 3.17 Employee benefits 3.18 Provisions 3.19 3.20 Assets held for sale 3.21 Revenue 3.22 3.23 3.24 Personnel expenses 3.25 Lease payments 3.26 3.27 3.28 3.29 Earnings per share 3.30 Dividend 3.31 3.32 3.33 4. Segment reporting 4.1 Operational segments 5. 5.1 5.2 6. Revenue 7. 8. 9. Personnel expenses 10. Impairment charges 11. 12. Income tax expenses 13.

Interest-bearing borrowings

Trade and other payables

Other income and other expenses

Raw materials, consumables, services and contracted work

Finance income and expenses

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

Determination of fair value

Consolidated statement of cash flows

First-time application of IFRS 9 ‘Financial Instruments’ and IFRS 15 ‘Revenue From Contracts With Customers’

Business combinations and other significant transactions

Business combinations and other significant transactions in prior year

Sale of interest in partnership Saam Smit Towage

Other income and other expenses

Raw materials, consumables, services and subcontracted work

Finance income and expenses

Income tax receivable and payable