Boskalis Annual Report 2018

89

Impact on Consolidated Statement of Financial Position as per 1 January 2017 The impact on Current assets and Current liabilities as per 1 January 2017 can be summarized as follows:

EFFECT FIRST-TIME APPLICATION OF IFRS 15

1 JANUARY 2017 (IAS 11, IAS18)

1 JANUARY 2017 (IFRS 15)

(In thousands of EUR, only relevant items in Consolidated Statements of Financial Position as at 1 January 2017)

Current assets Due from customers Unbilled revenue

87,194

- 87,194 125,272 - 12,840

-

-

125,272 585,088

Trade and other receivables

597,928

Current liabilities Due to customers Deferred revenue

315,632

- 315,632 428,676 - 89,806

-

-

428,676 995,878 24,027

Trade and other payables

1,085,684

Provisions

22,027

2,000

First-time application of IFRS 15 did not impact Non-current assets, Non-current liabilities and Group equity in the Consolidated Statement of Financial Position as per 1 January 2017.

ANNUAL REPORT 2018 – BOSKALIS A L REP RT 2018 -- BOSKALIS