65 / 158
12.
Income tax expenses90
13.
Income tax receivable and payable90
14.
Deferred income tax assets and liabilities91
15.
Intangible assets93
Goodwill93
15.1
Other intangible assets94
15.2
16.
Property, plant and equipment95
17.
Joint ventures and Associated companies96
18.
Non-current financial assets99
Other non-current receivables99
18.1
Financial instruments available-for-sale99
18.2
19.
Inventories100
20.
Due from and due to customers100
21.
Trade and other receivables100
22.
Cash and cash equivalents100
23.
Group equity101
Share capital and dividend101
23.1
Share premium reserve101
23.2
Retained earnings101
23.3
Dividend101
23.4
Earnings per share102
23.5
Other reserves102
23.6
24.
Interest-bearing borrowings104
25.
Employee benefits105
Defined benefit pension plans105
25.1
Defined contribution pension plans110
25.2
26.
Provisions110
27.
Trade and other payables111
28.
Financial instruments111
Financial risk management111
28.1
On-balance financial instruments and fair value116
28.2
Capital management118
28.3
Other financial instruments118
28.4
29.
Commitments and contingent liabilities119
30.
Related parties120
Identity of related parties120
30.1
Related party transactions123
30.2
Joint operations124
30.3
31.
Subsequent events125
Company Statement of Profit or Loss126
Company Statement of Financial Position126
Statement of Changes in Shareholders’ Equity127
Explanatory notes to the Company Financial Statements128
1.
General128
2.
Principles of financial reporting128
Accounting policies128
2.1
Format128
2.2
Investments in group companies128
2.3
Amounts due from group companies128
2.4
Amounts due to group companies128
2.5
Result of group company128
2.6
3.
Investments in group companies128
4.
Issued capital and optional dividend129
5.
Other reserves129
6.
Profit or loss for the year129
7.
Financial instruments129
8.
Operating income and expenses130
9.
Remuneration of the members of the board of Management and Members of the Supervisory Board130
10.
Auditor remuneration130
11.
Commitments and contingent liabilities130
Other information131
Independent auditor’s report132
ANNUAL REPORT 2016 -- BOSKALIS