Boskalis Annual Report 2020

124 124

Other provisions mainly relate to various claims made against the Group or threatening to be made including potential sanctions, from legal, regulatory and governmental proceedings or uncertain repayment liabilities. The Group disputes these claims and proceedings and has made an assessment of the amount of cash outflows that can be reasonably estimated. As litigation is inherently unpredictable, the possible outcome is uncertain and the amount may differ from the provisions listed above. 27. LEASES The Group has lease contracts for real estate, vessels and other fixed assets. The lease period for these contracts varies from 1 to 36 years, in certain cases, mainly relating to rent of (parts of) buildings, with extension options. The Right-of-use assets and Lease liabilities as disclosed below, do not include short term and low value leases. In general, as usual with leases, the Group’s obligations under its leases are secured by the lessor’s title to or legal ownership of the leased assets.

RIGHT-OF-USE ASSETS

FLOATING AND OTHER CONTRUCTION EQUIPMENT

LAND AND BUILDINGS

OTHER FIXED ASSETS

TOTAL

Balance as at 1 January 2020 Cost

74,308 - 9,885 64,423

26,285 - 8,492 17,793

30,573 - 8,912 21,661

131,166 - 27,289 103,877

Accumulated depreciation and impairments

Carrying amount

Movements Additions

5,413 6,425

12,215 10,762 - 9,645

6,533 1,031

24,161 18,218 - 28,669 - 2,843

Acquired through business combinations

Depreciation

- 8,914 - 2,843

- 10,110

Impairment charges

-

-

Currency translation differences and other movements

- 113

- 22

395

260

- 32

13,310

- 2,151

11,127

ANNUAL REPORT 2020 – BOSKALIS FINANCIAL STATEMENTS 2020 A NUAL REPORT 2020 -- BOSKALIS FI ANCIAL STAT MENTS 20 Balance as at 31 December 2020 Cost Carrying amount Balance as at 1 January 2019 Cost Carrying amount Movements Additions Acquired through business combinations Depreciation Currency translation differences and other movements Balance as at 31 December 2019 Cost Carrying amount

85,871 - 21,480 64,391

49,240 - 18,137 31,103

38,532 - 19,022 19,510

173,644 - 58,639 115,005

Accumulated depreciation and impairments

FLOATING AND OTHER CONTRUCTION EQUIPMENT

LAND AND BUILDINGS

OTHER FIXED ASSETS

TOTAL

44,978

15,714

20,337

81,029

Accumulated depreciation and impairments

-

-

-

-

44,978

15,714

20,337

81,029

23,382 6,063 - 9,885

10,442

10,632

44,456

-

-

6,063

- 8,492

- 8,912

- 27,289

- 115

129

- 396 1,324

- 382

19,445

2,079

22,848

74,308 - 9,885 64,423

26,285 - 8,492 17,793

30,573 - 8,912 21,661

131,166 - 27,289 103,877

Accumulated depreciation and impairments