Boskalis_Annual_Report_2016

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The table below shows the share of the Group in total assets and revenues of its joint ventures and
associated companies that are not material to the Group.
2016
JOINT
VENTURES
ASSOCIATED
COMPANIES TOTAL
Total assets 1,317,367 243,659 1,561,026
Revenue 326,617 44,370 370,987
2015
JOINT
VENTURES
ASSOCIATED
COMPANIES TOTAL
Total assets 1,123,289 231,891 1,355,180
Revenue 376,232 49,196 425,428
18. NON-CURRENT FINANCIAL ASSETS
OTHER NON-CURRENT RECEIVABLES 18.1
2016 2015
Balance as at 1 January 5,915 8,091
Loan granted (to joint venture) 260 179
Repayment of loan (by joint venture) - 23 - 1,820
Reclassified to disposal group - 100 -
Currency translation differences and other movements - 4,991 - 535
Balance as at 31 December 1,061 5,915
Other non-current receivables generally comprise loans to joint ventures and associated companies, long-
term advance payments to suppliers and long-term receivables and retentions from customers, which are
due in agreed time schedules. This item also includes accrued receivables which are allocated to the result
over periods longer than one year.
FINANCIAL INSTRUMENTS AVAILABLE-FOR-SALE 18.2
The development of financial instruments available-for-sale is as follows:
2016 2015
Balance as at 1 January - 290,935
Additional acquisition of share in Fugro N.V. - 1,126
Change in fair value until significant influence is gained - - 20,092
Reclassification to associated companies - - 271,969
Reclassification from associated companies 115,022 -
Change in fair value since significant influence was lost 357 -
Balance as at 31 December 115,379 -
The financial asset available-for-sale relates to the 9.4% investment in Fugro N.V. The fair value of the
certificates, when classified as financial assets available-for-sale, equaled the quoted price at which
certificates were sold (fair value hierarchy: level 1) when significant influence was lost (EUR 14.50).
At year-end 2016 the certificates of shares were valued at EUR 14.55 per certificate.
The reduction of our investment in Fugro N.V. was to a large extent realized via an
accelerated book-build in which the Group agreed to a lock-up period. As a result the Group may not
dispose of its certificates of shares in Fugro N.V. without a waiver up to 16 March 2017.
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ANNUAL REPORT 2016 – BOSKALIS