Boskalis_Annual_Report_2016

TABLE OF CONTENTS

Consolidated Statement of Profit or Loss

66 67 68 69 70 72 72 72 72 72 72 72 73 73 74 74 75 75 76 76 76 76 76 76 77 77 77 77 77 78 78 78 78 78 78 78 79 79 79 79 79 79 79 80 81 82 83 83 85 86 86 86 87 87 88 88 88 88 89

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. 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9

Compliance statement

Adopted new and revised standards

New standards and interpretations not yet adopted

Principles of financial reporting

Format and valuation

Consolidation

Foreign currencies

Derivatives and hedging

Impairment

Intangible assets

Property, plant and equipment

Strategic investments Non-current receivables

3.10 3.11 3.12 3.13 3.14 3.15 3.16 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 4.

Financial instruments available for sale

Inventories

Due from and due to customers Trade and other receivables Cash and cash equivalents

Share capital

Interest-bearing borrowings

FINANCIAL STATEMENTS 2016 Employee benefits 3.17

Provisions

Trade and other payables

Assets held for sale

Revenue

Other income and other expenses

Raw materials, consumables, services and contracted work

Personnel expenses

Lease payments

Finance income and costs

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

Earnings per share

Dividend

Determination of fair value

Consolidated statements of cash flows

Segment reporting Operational segments

4.1 5. 5.1 5.2 5.3 5.4 5.5 5.6 6.

Business combinations and other significant transactions Acquisition of offshore assets and activities of VolkerWessels Acquisition of assets and activities of STRABAG Wasserbau Merger of SMIT and KOTUG’s European harbor towage activities

Sale of SMIT Amandla Marine

Reduction of investment in Fugro N.V. Assets and liabilities held for sale

Revenue

7. 8. 9.

Other income and other expenses

Raw materials, consumables, services and subcontracted work

Personnel expenses Impairment losses

10. 11.

Finance income and expenses

ANNUAL REPORT 2016 -- BOSKALIS