Boskalis Annual Report 2020

138 138

2019 100% 100% 100% 100%

2020 100% 100% 100% 100%

COMPANY

CITY

COUNTRY

Boskalis Offshore Subops GmbH

Wilhelmshaven Wilhelmshaven

Germany Germany

Boskalis Subsea GmbH (formerly VBMS GmbH)

Boskalis Offshore Limited Boskalis Subsea Limited

Fareham Fareham

United Kingdom United Kingdom

Boskalis Subsea North Star Limited (formerly Rever Offshore North Star Limited) Boskalis Subsea Services Limited (formerly Rever Offshore UK Limited)

Fareham

United Kingdom

-

100%

Fareham

United Kingdom United Kingdom United Kingdom

-

100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 49% 49%

Gardline Limited

Great Yarmouth Great Yarmouth

100% 100% 100% 100% 100% 100%

Gardline Shipping Limited

Boskalis Subsea Cables ApS (formerly VBMS ApS)

Copenhagen

Denmark Norway

Boskalis Offshore AS

Stavanger

Boskalis Offshore Subsea Contracting Azerbaijan LLC Boskalis Offshore Contracting El Salvador S.A. de C.V. Boskalis Offshore Subsea Services (Middle East) L.L.C.*

Baku

Azerbaijan El Salvador

San Salvador

Dubai

United Arab Emirates United Arab Emirates

49%

Horizon Survey Company (FZE) Boskalis Offshore Singapore Pte. Ltd. Smit Holding Singapore Pte. Ltd. Smit Shipping Singapore Pte. Ltd.

Sharjah

-

Singapore Singapore Singapore Singapore Taipei City

Singapore Singapore Singapore Singapore

100% 100% 100% 100%

Smit Singapore Pte. Ltd.

Boskalis HwaChi Offshore Wind Taiwan Co., Ltd *

Taiwan

-

TOWAGE & SALVAGE SMIT Salvage B.V. Smit Towage Brasil B.V. Smit Towage Europe B.V. Smit Towage Holding B.V. Smit Towage Mexico B.V. Smit Towage Terminals B.V.

Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Singapore Cape Town Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Papendrecht Houston

The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands

100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Smit Salvage Pte. Ltd.

Singapore South Africa United States

Smit Marine South Africa (Pty) Ltd.

Smit Salvage Americas, LLC

ANNUAL REPORT 2020 – BOSKALIS FINANCIAL STATEMENTS 2020 A NUAL REPORT 2020 -- BOSKALIS FI ANCIAL S AT MENTS 20 HOLDING & ELIMINATIONS Baggermaatschappij Boskalis B.V. Boskalis Finance B.V. Boskalis Holding B.V. Boskalis Westminster Dredging B.V. Smit Internationale Beheer B.V. Smit Internationale N.V. Smit International Overseas B.V. Smit Nederland B.V. Smit Vessel Management Services B.V. Boskalis Germany Holding GmbH UAB "Boskalis Baltic" Boskalis Westminster Dredging Limited

The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands The Netherlands

Hamburg Klaipeda Nicosia Limassol

Germany Lithuania

B.K.W. Dredging and Contracting Limited

Cyprus Cyprus

* The Group holds a legal interest of 50% or less in these entities, but has the majority of voting power. As a consequence, the Group consolidates these subsidiaries in accordance with the principles of financial reporting set out in paragraph 3.

OTHER RELATED PARTIES Joint ventures and associates The main active joint ventures and associates are mentioned in note 17.

Pension plans classified as funded defined benefit pension plans See note 25.1 for information on pension plans that are classified as funded defined benefit pension plans in accordance with IAS 19. There were no changes and further material transactions with these pension funds as disclosed in this note. Members of the Board of Management and members of the Supervisory Board The only key management officers qualifying as related parties are the members of the Board of Management and the members of the Supervisory Board.