Boskalis Annual Report 2018

91

4.1 OPERATIONAL SEGMENTS

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2018

GROUP

Revenue

1,428,731 1,041,358

131,658

- 32,198

2,569,549

EBITDA

243,830

111,346

36,362

- 37,972

353,566

Share in result of joint ventures and associates, before extraordinary charges

4,354

3,834

19,990

208

28,386

Operating result (before extraordinary charges) Extraordinary charges, including within joint ventures

123,357

5,002

33,131

- 42,527

118,963 - 519,474 - 400,511 - 13,281 - 19,944 - 433,736

EBIT

Non-allocated finance income and expenses

Non-allocated income tax expenses

Net Group profit / loss (-)

Carrying amount of joint ventures and associates

19,387

63,753

347,620

- 1,127

429,633

Investments in property, plant and equipment

112,079

73,090

1,261

8,323

194,753

Depreciation on property, plant and equipment

120,449

103,847

2,281

4,555

231,132

Amortization of intangible assets

24

2,497

950

- - - - -

3,471

Impairment charges on property, plant and equipment

- - - -

136,864 154,939

- -

136,864 154,939 189,879 20,556

Impairment charges on goodwill

Impairment charges on joint ventures and associates

- -

189,879 20,556

Impairment charges within joint ventures

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2017 REVISED*

GROUP

Revenue

1,298,317

972,136

100,463

- 28,293

2,342,623

EBITDA

219,055

221,121

35,086

- 38,654

436,608

Share in result of joint ventures and associates, before extraordinary charges

3,606

256

26,060

1,098

31,020

Operating result (EBIT)

110,488

85,020

32,803

- 43,266

185,045 - 12,925 - 21,677 150,443

Non-allocated finance income and expenses

Non-allocated income tax expenses

Net Group profit / loss (-)

Carrying amount of joint ventures and associates

15,495

59,244

702,094

102

776,935

Investments in property, plant and equipment

143,044

207,898

444

3,293

354,679

Depreciation on property, plant and equipment

108,567

126,619

2,283

4,612

242,081

Amortization of intangible assets

-

9,482

-

-

9,482

* The introduction of IFRS 15 results in an increase of revenue within the operational segment Offshore Energy with EUR 5.4 million.

As required by IFRS, the information as presented above reconciles to the internal management information of the Board of Management. In measuring the financial performance of operational segments certain line items relating to extraordinary charges were presented differently in the internal management information compared to in the EU-IFRS consolidated financial statements. In the EU-IFRS Consolidated Statement of Profit or Loss the Result from operating activities (EBIT) shows a loss of EUR 400.5 million and includes impairment charges of EUR 481.7 million, related additions to provisions of EUR 17.2 million and impairment charges accounted for within joint ventures of EUR 20.6 million, totaling the extraordinary charges to EUR 519.5 million. The Operating result (before impairment charges) presented in the table above shows a profit of EUR 119.0 million profit and does not include these extraordinary charges. The impairment charges are specified for each operational segment in the table above. EBITDA in the table above equals the operating result before depreciation and amortization.

ANNUAL REPORT 2018 – BOSKALIS AN U L REP RT 2018 -- BOSKALIS