Boskalis_Annual_Report_2016

69

CONSOLIDATED STATEMENT OF CASH FLOWS

2015

2016

Note

(in thousands of EUR)

CASH FLOWS FROM OPERATING ACTIVITIES Net Group profit/loss (-)

443,530

- 561,750

Depreciation, amortization and impairment losses intangible assets and property, plant and equipment

293,091 28,824 765,445

1,025,730

[10/15/16]

Impairment on investment in Fugro N.V.

-

Cash flow

463,980

Adjustments for: Finance income and expenses

31,811 87,452 - 3,847 11,389 17,560 - 57,584 97,285 19,250 - 43,260 - 28,478

71,315 32,360 - 47,927 17,180 - 10,791 272,069 - 313,385 - 46,356

Income tax expenses

Results from disposals / divestments

Movement in provisions and employee benefits

Movement in inventories

Movement in trade and other receivables Movement in trade and other payables Movement due from and due to customers

Share in result of joint ventures and associated companies, including share in impairments

82,882

Revaluation result of reclassification of investment in Fugro N.V. Result of revaluation of investment in VBMS Holding B.V.

-

- -

- 39,839 - 10,983 470,505

Gain on acquisition of STRABAG business Cash generated from operating activities

897,023

69,444

Dividends received Interest received

42,572

1,163

1,001

- 31,252 - 90,904 845,474

Interest paid

- 30,059 - 70,580 413,439

Income tax paid

Net cash from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES Purchases of property, plant and equipment, excluding capitalized borrowing costs

- 276,062

- 164,898

[16]

30,448

Proceeds from disposals of property, plant and equipment Investment in business combinations, net of cash acquired

9,743

-

- 149,328

[5]

- 147,062

Investment in Fugro N.V.

-

[17/18.2] [17/18.2]

Reduction of investment in Fugro N.V.

-

236,982

- 179

Investment in and issued loans to other associated companies and/or joint ventures

- 422

[17]

29,444

Disposal of (a part of) group companies, net of cash disposed

124,660

[5]

1,820

Repayment of loans or share premium by associated company and/or joint venture

9,326

[17]

- 361,591

Net cash used in investing activities

66,063

CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from loans

19,253 - 87,192 - 47,562 - 2,037 - 117,538

-

Repayment of loans

- 217,123 - 55,762

Dividend paid to the Company's shareholders Dividend paid to non-controlling interests Net cash used in / from financing activities

- 771

- 273,656

366,345

205,846

NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS

395,436

Net cash and cash equivalents as at 1 January

766,696

[22]

366,345

Net increase in cash and cash equivalents

205,846 - 2,793 203,053 969,749

4,915

Currency translation differences

371,260 766,696

MOVEMENT IN NET CASH AND CASH EQUIVALENTS

[22]

NET CASH AND CASH EQUIVALENTS AS AT 31 DECEMBER

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

ANNUAL REPORT 2016 – BOSKALIS