Annual r eport 2002 Annual r eport 2002 - Boskalis

Financial Statements 2002
Group companies are jointly and severally liable for the non-consolidated part of the liabilities of their
joint ventures, in total € 181 million. In addition, certain recourse obligations exist in respect of project
financiers. Where deemed necessary, provisions have been made. In some countries, local group
companies have concluded long-term lease agreements on which the annual instalment payments total
approximately € 5 million. In respect of some matters, legal proceedings and investigations have been instituted
against Royal Boskalis Westminster nv or group companies. Where deemed necessary, provisions
have been made.
Investment commitments as at year-end 2002 amounted to approximately € 155 million.
16. Net turnover
For the net turnover, in respect of contracts completed and specified per geographical region, reference
is made to note 22. of these explanatory notes. The turnover in respect of work done, defined as the
total value of work done for third parties in 2002, amounted to € 1,035 million (2001: € 1,083 million).
17. Other operating income
This relates to profits realized on the disposal of tangible fixed assets and currency results on transactions.
18. External costs
This includes costs related to the turnover and general operations, either paid or payable to outside
parties. Furthermore, this item includes the balance of additions to, and withdrawals from, the provisions,
excluding the provision for deferred taxation and the provision for pensions.
19. Wages and salaries
The emoluments for directors and members of the supervisory board of Royal Boskalis Westminster nv
for 2002 were as follows:
Members of Board of Management
Salaries and other Pensions Bonuses Total
emoluments
R. van Gelder 374 80 212 666
P.A.M. Berdowski 320 54 160 534
K.G. van Nes 266 47 137 450
960 181 509 1,650
Members of Supervisory Board
S.D. de Bree 25 – – 25
J. Aalberts 18 – – 18
M.W. Dekker 18 – – 18
M. van der Vorm 18 – – 18
A.A. Westerlaken 18 – – 18
97 – – 97
Total 1,057 181 509 1,747
57 Royal Boskalis Westminster nv