Annual Report 2010 - SBM Offshore

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Financial Review / Financial Statements 2010 Financial Report 2010 101 Financial Review 110 Financial Statements 110 Consolidated income statement 112 Consolidated statement of financial position 113 Consolidated statement of changes in equity 114 Consolidated cash flow statement 115 Notes to the consolidated financial statements 174 Company balance sheet 175 Notes to the Company financial statements 178 Other information 178 Appropriation of profit 179 Auditor's Report 181 Key figures 100 SBM Offshore – Annual Report 2010 4
Page 1 and 2:
Annual Report 2010
Page 3 and 4:
Financial Review / Financial Statem
Page 5 and 6:
1 2 Overview 11 Message from the CE
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Semi-Submersible Drilling Rig Tensi
Page 9:
Deck view of the FPSO Espirito Sant
Page 12 and 13:
I am pleased to report that the Com
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In addition to these main centres,
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Highlights 2010 Financial • Turno
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Shareholders As the shares are bein
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Corporate Strategy In line with the
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Lease and Operate The lease and ope
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World Map of SBM Offshore Project E
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Report of Board of Management Repor
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Report of Board of Management Compo
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Report of Board of Management requi
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Report of Board of Management In co
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Report of Board of Management Remun
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Report of Board of Management Secti
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Report of Board of Management was a
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Report of Board of Management Actua
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Report of Board of Management With
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Report of Board of Management Infor
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Disconnectable Turret of the FPSO O
Page 50 and 51: Introduction The relatively high oi
Page 52 and 53: Turnkey Systems A major highlight o
Page 54 and 55: Top: Deep Panuke Production Field C
Page 56 and 57: Report of the Board of Management 0
Page 58 and 59: At the start of 2010, the Company o
Page 60 and 61: SBM Offshore employees on board an
Page 62 and 63: contract will be based on a product
Page 64 and 65: Semi-Submersible Drilling Rigs The
Page 66 and 67: Semi-Submersible drilling rig 'Delb
Page 68 and 69: Top: SBM Services repairing the Sof
Page 70 and 71: y a large buoyant structure when di
Page 72 and 73: For smaller gas-supply rates, the C
Page 74 and 75: Corporate Governance Corporate Gove
Page 76 and 77: If either the GM or the Supervisory
Page 78 and 79: Appointment and Remuneration Commit
Page 80 and 81: of the Supervisory Board are meant
Page 82 and 83: Notice to convene a meeting The not
Page 84 and 85: Routine inspection on the Yme MOPUs
Page 86 and 87: • no agreement has been concluded
Page 88 and 89: Risk Management Risk Management ope
Page 90 and 91: Strategic Irregular order intake In
Page 92 and 93: the consequences of the Deepwater H
Page 94 and 95: Funding risk Success in obtaining n
Page 96 and 97: Supervisory Board and has been disc
Page 98 and 99: Michael Wyllie British, 1958 Chief
Page 102 and 103: Financial Review Highlights The con
Page 104 and 105: evenue and expenses in accordance w
Page 106 and 107: Non-allocated “Other” income an
Page 108 and 109: equipment procurement for the MOPUs
Page 110 and 111: Future IFRS changes Certain IFRS st
Page 112 and 113: Consolidated statement of comprehen
Page 114 and 115: Consolidated statement of changes i
Page 116 and 117: Notes to the consolidated financial
Page 118 and 119: Associates Associates are those ent
Page 120 and 121: Lease income is, as of the commence
Page 122 and 123: amount by which the asset’s carry
Page 124 and 125: accounting and the risk management
Page 126 and 127: Share based payments Within the Com
Page 128 and 129: Use of estimates In the preparation
Page 130 and 131: Period ending 31 December 2009 in t
Page 132 and 133: 2. Other Operating Income Detail of
Page 134 and 135: The historic overview of the defici
Page 136 and 137: Remuneration Key management personn
Page 138 and 139: The end of vesting periods and expi
Page 140 and 141: Performance Shares Performance shar
Page 142 and 143: There are no options granted and no
Page 144 and 145: 7. Income tax The Company’s opera
Page 146 and 147: A dividend in respect of the year e
Page 148 and 149: An amount of US$ 26.9 million (2009
Page 150 and 151:
12. Other financial assets in thous
Page 152 and 153:
The Company has US$ 10.0 million av
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The ageing of the nominal amounts o
Page 156 and 157:
18. Derivative financial instrument
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Share premium The share premium res
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The bank interest-bearing loans and
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All transaction costs related to th
Page 164 and 165:
24. Trade and other payables in tho
Page 166 and 167:
28. Financial risk management This
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The sensitivity on equity and incom
Page 170 and 171:
Credit risk Credit risk is the risk
Page 172 and 173:
Capital risk management The Company
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Included in the figures above are t
Page 176 and 177:
Notes to the Company financial stat
Page 178 and 179:
The provisions with respect to subs
Page 180 and 181:
Independent Auditor's Report To the
Page 182 and 183:
Key figures in millions of US Dolla
Page 184 and 185:
Financial Review / Financial Statem
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Annual Report 2010 - SBM Offshore

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