Boskalis Annual Report 2020

97

97

OPERATIONAL SEGMENTS

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2020

GROUP

Revenue

1,315,676

1,064,948

174,632

- 30,345

2,524,911

EBITDA

177,295

193,484

50,110

- 16,582

404,307

Share in result of joint ventures and associates

2,574

4,270

12,079

-

18,923

Operating result

53,203

66,293

45,595

- 25,271 - 195,395

139,820 - 195,395 - 55,575 - 14,888 - 26,216 - 96,679

Exceptional charges

EBIT

Non-allocated finance income and expenses

Non-allocated income tax expenses

Net Group profit / loss (-)

Carrying amount of joint ventures and associates

13,550

24,353

170,477

86

208,466

Investments in property, plant and equipment

111,385 16,059

119,006

1,388

8,845 2,928

240,624 24,161

Additions to right-of-use assets

5,137

37

Depreciation on property, plant and equipment and right-of-use assets

124,092

124,638

3,565

8,689

260,984

Amortization of intangible assets

-

2,553

950

- - - - - -

3,503

Impairment charges on property, plant and equipment

19,697

33,154

- - -

52,851

Impairment charges on right-of-use assets Impairment charges on intangible assets

- - - -

2,843 5,582

2,843 5,582

Impairment charges on joint ventures and associates

39,665

56,534 26,800

96,199 26,800

Impairment charges within joint ventures

-

DREDGING & INLAND INFRA

OFFSHORE ENERGY

TOWAGE & SALVAGE

HOLDING & ELIMINATIONS

2019

GROUP

Revenue

1,517,706

1,020,359

132,117

- 25,582

2,644,600

EBITDA

241,575

47,355

41,613

45,293

375,836

Share in result of joint ventures and associates

3,260

5,976

16,461

- 107

25,590

Operating result

107,553

- 70,871

37,880

- 46,099 82,258

28,463 82,258 110,721 - 15,681 - 20,141 74,899

Exceptional income

EBIT

Non-allocated finance income and expenses

Non-allocated income tax expenses

Net Group profit / loss (-)

Carrying amount of joint ventures and associates

13,922

66,639

279,713

67,781

428,055

Investments in property, plant and equipment

128,330 29,724

89,295

1,544

28,421

247,590 44,456

Additions to right-of-use assets

9,968

120

4,644

Depreciation on property, plant and equipment and right-of-use assets

134,022

115,619

2,783

9,134

261,558

Amortization of intangible assets

- - -

2,607

950

-

3,557

Reversal of impairment charges on sale vessel

- -

- -

27,000 13,146

27,000 13,146

Reversal of impairment charges on sale Kotug Smit Towage

Exceptional items Exceptional charges in 2020 of EUR 195.4 million include impairment charges (EUR 184.3 million, including impairment charges within joint ventures of EUR 26.8 million; see note 10), additions to provisions (EUR 17.3 million, including restructuring expenses of EUR 10.1 million) and a gain on acquisition regarding Rever Offshore (EUR 6.2 million; see note 5.2). In 2019 exceptional income of EUR 82.2 million includes a reversal of impairment charges as a result of sale transactions of EUR 40.1 million and a book profit on the sale Saam Smit Towage of EUR 42.1 million.

ANNUAL REPORT 2020 – BOSKALIS A NUAL REPORT 2020 -- BOSKALIS