Boskalis_Annual_Report_2016

66

CONSOLIDATED STATEMENT OF PROFIT OR LOSS (Consolidated Income statement)

2015

2016

Note

(in thousands of EUR)

OPERATING INCOME Revenue

3,240,327

2,596,326

[6]

8,404

Other income

59,226

[5/7]

3,248,731

2,655,552

OPERATING EXPENSES Raw materials, consumables, services and subcontracted work

- 1,918,116

- 1,593,083

[8] [9]

- 513,088 - 278,558 - 14,533

Personnel expenses

- 451,455 - 277,244 - 748,486

Depreciation and amortization

[15/16]

Impairment losses Other expenses

[10]

- 4,557

- 316

[5/7]

- 2,728,852

- 3,070,584

43,260

Result of joint ventures and associated companies

- 82,882 39,839

[17] [5.1]

Revaluation of investment in joint venture VBMS Holding B.V. prior to business combination Revaluation of investment in Fugro N.V. prior to classification as associated company

-

28,478 - 28,824

- -

[17/18]

Impairment on investment in associated company Fugro N.V.

[17]

562,793

- 458,075

RESULTS FROM OPERATING ACTIVITIES (EBIT)

FINANCE EXPENSES Finance income

1,163

1,001

[11]

Expenses prepayment US private placement

-

- 40,264 - 32,052 - 72,316 - 71,315

- 32,974 - 32,974 - 31,811

Interest and other finance expenses

Finance expenses

[11]

Profit/loss (-) before taxation ANNUAL REPORT 2016 – BOSKALIS FINANCIAL STATEMENTS 2016 Income tax expenses NET GROUP PROFIT/LOSS (-) Non-controlling interests Average number of shares Earnings per share Diluted earnings per share

530,982

- 529,390

- 87,452

- 32,360

[12]

443,530

- 561,750

NET GROUP PROFIT/LOSS (-) ATTRIBUTABLE TO: Shareholders

440,178

- 563,730

3,352

1,980

443,530

- 561,750

124,181,528

128,204,536

[23.5] [23.5]

EUR 3.54

EUR -4.40 EUR 2.16 EUR -4.40

Earnings per share 2016, excluding impairment losses

[10/23.5]

EUR 3.54

[23.5]

The notes on pages 72 to 125 are an integral part of these consolidated financial statements.