Boskalis Annual Report 2020

TABLE OF CONTENTS

Consolidated Statement of Profit or Loss

80 81 82 84 85 87 87 87 87 87 87 87 87 88 89 89 90 90 90 91 91 91 91 91 91 91 91 91 91 92 93 93 93 93 94 94 94 94 94 94 95 95 95 95 96 98 98 99

Consolidated Statement of Other Comprehensive Income

Consolidated Statement of Financial Position Consolidated Statement of Cash Flows Consolidated Statement of Changes in Equity

Explanatory notes to the Consolidated Financial Statements

1. 2.

General

Compliance with International Financial Reporting Standards

2.1 2.2 2.3 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.

Compliance statement Unchanged standards

New standards and interpretations not yet adopted

Principles of Financial Reporting

Format and valuation

Consolidation

Foreign currencies Financial Instruments

Impairment

Intangible assets

Property, plant and equipment Joint ventures and associates Non-current financial assets

3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 3.20 3.21 3.22 3.23 3.24 3.25 3.26 3.27 3.28 3.29 3.30 3.31 3.32

Financial instruments available for sale

Inventories

Unbilled and deferred revenue Trade and other receivables Cash and cash equivalents

Share capital

Interest-bearing borrowings

Employee benefits

Provisions

Leases

Trade and other payables

Assets held for sale

Revenue

Other income and other expenses

Raw materials, consumables, services and contracted work

Personnel expenses

Finance income and expenses

Share in result of joint ventures and associates Taxation / deferred income tax assets and liabilities

Earnings per share

Dividend

Determination of fair value

Consolidated statement of cash flows

4. 5.

Segment reporting

Business combinations and other significant transactions Acquisition of offshore activities of Horizon Acquisition of offshore activities of Rever Offshore

5.1 5.2 5.3

Business combinations and other significant transactions in prior year

100 101 101 102 102 102 102 103 103 103 105 105

6. 7. 8. 9.

Revenue

Other income and other expenses

Raw materials, consumables, services and subcontracted work

Personnel expenses

10.

Impairment charges and reversal of impairments evidenced by a sale transaction

10.1 10.2

Impairment charges

Reversal of impairments evidenced by sale transaction

11. 12. 13. 14.

Finance income and expenses

Income tax expenses

Income tax receivable and payable Deferred income tax assets and liabilities