Boskalis Half Year Report 2021

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OTHER FINANCIAL INFORMATION

The Marker Wadden nature reserve for which Boskalis is constructing two new islands

DEPRECIATION, AMORTIZATION AND IMPAIRMENTS

Depreciation and amortization amounted to EUR 129.1 million (H1 2020: EUR 131.8 million). There were no impairment charges incurred during the first half year 2021. In the first half year 2020, impairment charges of EUR 138.9 million were recognized which were mostly related to the goodwill and assets embedded in two joint ventures.

INCOME FROM JOINT VENTURES AND ASSOCIATES

Our share in the net result from joint ventures and associates was EUR 18.0 million (H1 2020: EUR 8.2 million). This result relates mainly to our share in the net results of Smit Lamnalco and the Singapore partnerships with Keppel (Keppel Smit Towage, Asian Lift).

TAX

The tax expenses amounted to EUR 18.5 million (H1 2020: EUR 17.0 million) with an effective tax rate of 20.8%.

HALF YEAR REPORT 2021 – BOSKALIS