Boskalis_Annual_Report_2016

Previous Page

Next Page

Page Background

FINANCIAL STATEMENTS 2016

TABLE OF CONTENTS

Consolidated Statement of Profit or Loss

66

Consolidated Statement of Other Comprehensive Income

67

Consolidated Statement of Financial Position

68

Consolidated Statement of Cash Flows

69

Consolidated Statement of Changes in Equity

70

Explanatory notes to the Consolidated Financial Statements

72

1.

72

2.

Compliance with International Financial Reporting Standards

72

Compliance statement

72

2.1

Adopted new and revised standards

72

2.2

New standards and interpretations not yet adopted

72

2.3

3.

Principles of financial reporting

72

Format and valuation

73

3.1

73

3.2

Foreign currencies

74

3.3

Derivatives and hedging

74

3.4

75

3.5

Intangible assets

75

3.6

Property, plant and equipment

76

3.7

Strategic investments

76

3.8

Non-current receivables

76

3.9

Financial instruments available for sale

76

3.10

76

3.11

Due from and due to customers

76

3.12

Trade and other receivables

77

3.13

Cash and cash equivalents

77

3.14

77

3.15

Interest-bearing borrowings

77

3.16

Employee benefits

77

3.17

78

3.18

Trade and other payables

78

3.19

Assets held for sale

78

3.20

78

3.21

Other income and other expenses

78

3.22

Raw materials, consumables, services and contracted work

78

3.23

Personnel expenses

78

3.24

79

3.25

Finance income and costs

79

3.26

Share in result of joint ventures and associated companies

79

3.27

Taxation / deferred income tax assets and liabilities

79

3.28

Earnings per share

79

3.29

79

3.30

Determination of fair value

79

3.31

Consolidated statements of cash flows

80

3.32

4.

Segment reporting

81

Operational segments

82

4.1

5.

Business combinations and other significant transactions

83

Acquisition of offshore assets and activities of VolkerWessels

83

5.1

Acquisition of assets and activities of STRABAG Wasserbau

85

5.2

Merger of SMIT and KOTUG’s European harbor towage activities

86

5.3

Sale of SMIT Amandla Marine

86

5.4

Reduction of investment in Fugro N.V.

86

5.5

Assets and liabilities held for sale

87

5.6

6.

87

7.

Other income and other expenses

88

8.

Raw materials, consumables, services and subcontracted work

88

9.

Personnel expenses

88

10.

Impairment losses

88

11.

Finance income and expenses

89

ANNUAL REPORT 2016 -- BOSKALIS