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OPERATIONAL SEGMENTS
4.1
2016
DREDGING &
INLAND INFRA
OFFSHORE
ENERGY
TOWAGE &
SALVAGE
HOLDING &
ELIMINATIONS
GROUP
Revenue
1,164,471
1,333,723
121,352
- 23,220
2,596,326
EBITDA
222,975
374,749
55,069
7,712
660,505
Share in result of strategic investments before impairments,
excluding Fugro
3,612
2,175
35,541
39
41,367
Impact of Fugro
(note 5.5)- 30,094
- 30,094
Revaluation result of investment in VBMS Holding B.V. prior to business
combination
39,839
39,839
Book result of KOTUG SMIT Towage
33,974
33,974
Operating result (before impairment losses)
119,653
209,500
48,789
6,624
384,566
Impairment losses, including within joint ventures
- 842,641
EBIT
- 458,075
Non-allocated finance income and expenses
- 71,315
Non-allocated income tax expenses
- 32,360
Net Group profit / loss (-)
- 561,750
Carrying amount of strategic investments
4,180
55,493
767,150
221
827,044
Investments in property, plant and equipment
108,727
65,973
2,261
5,122
182,083
Depreciation on property, plant and equipment
104,569
157,078
6,280
856
268,783
Reversal impairment losses on property, plant and equipment
- 1,247
- 58
-
-
- 1,305
Amortization of intangible assets
-
8,229
-
232
8,461
Impairment losses on property, plant and equipment
16,530
338,303
7,957
3,427
366,217
Impairment losses on goodwill
-
382,269
-
-
382,269
Impairment losses in joint ventures
-
-
94,155
-
94,155
2015
DREDGING &
INLAND INFRA
OFFSHORE
ENERGY
TOWAGE &
SALVAGE
HOLDING &
ELIMINATIONS
GROUP
Revenue
1,727,183
1,233,412
294,862
- 15,130
3,240,327
EBITDA
400,361
418,400
96,215
- 30,268
884,708
Share in result of strategic investments before impairments,
excluding Fugro
2,862
6,981
36,265
243
46,351
Impact of Fugro
(note 5.5)- 3,437
- 3,437
Operating result (before impairment losses)
299,493
250,511
79,110
- 51,788
577,326
Impairment losses, including within joint ventures
- 14,533
EBIT
562,793
Non-allocated finance income and expenses
- 31,811
Non-allocated income tax expenses
- 87,452
Net Group profit / loss (-)
443,530
Carrying amount of strategic investments
3,457
75,748
722,253
391,315
1,192,773
Investments in property, plant and equipment
109,652
89,161
15,367
16,195
230,375
Depreciation on property, plant and equipment
100,180
156,087
17,105
- 7,536
265,836
Amortization of intangible assets
688
11,802
-
232
12,722
Impairment losses on property, plant and equipment
3,192
11,341
-
-
14,533
Impairment Fugro N.V.
28,824
28,824
As required by IFRS, the information as presented above reconciles with the internal management
information of the Board of Management. In measuring the financial performance of operational segments,
certain line items are presented differently in the internal management information than in these EU-IFRS
consolidated financial statements.
In the EU-IFRS consolidated statement of profit or loss the Result from operating activities (EBIT) shows a
loss of EUR 458.1 million and includes impairment losses of EUR 843 million including impairment losses
82
ANNUAL REPORT 2016 – BOSKALIS
FINANCIAL STATEMENTS 2016