Annual report 20108.31 MB - Boskalis

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Other informationLegal structureRoyal Boskalis Westminster N.V.Boskalis Westminster Dredging B.V.Holding and service companiesA selection of operating companies and participating interestsBoskalis Holding B.V.Baggermaatschappij Boskalis B.V.Aannemingsmaatschappij Markus B.V.A.H. Breijs & Zonen B.V.Baggermaatschappij Holland B.V.Boskalis B.V.Boskalis Dolman B.V.Cofra B.V.Hydronamic B.V.J. van Vliet B.V.Boskalis Westminster International B.V.Boskalis Westminster LtdBoskalis Zinkcon LtdIrish Dredging Company LtdRock Fall Company LtdRW Aggregates Ltd (50%)Westminster Gravels LtdWestminster Dredging Company LtdBoskalis International B.V.Adreco Serviços de Dragagem LDA (49%)Beijing Boskalis Dredging Technology LtdBKI Gabon SABoskalis Australia Pty LtdBoskalis International Egypt for Marine Contracting SAEBoskalis International (M) Sdn Bhd (30%)Boskalis International (S) Pte Ltd P.T.Boskalis International Uruguay SABoskalis Guyana Inc.Boskalis Taiwan LtdBoskalis Zinkcon B.V.Coastal and Inland Marine Services Inc.Dragamex SA de CVDravensa CAKoon Zinkcon Pte Ltd (50%)Boskalis International IndonesiaRiovia SAZinkcon Marine Singapore Pte LtdOthersArchirodon Group N.V. (40%)Atlantique Dragage SARLBoskalis Canada Dredging & Marine Services LtdBKW Dredging and Contracting LtdBoskalis Dredging India Pvt LtdBoskalis Italia S.r.l.Boskalis Polska Sp. z o.o.Boskalis Sweden ABDredging & Contracting Belgium NVHeinrich Hirdes Kampfmittelräumung GmbHNigerian Westminster Dredging & Marine Ltd (60%)OOO BolmorstroyOOO Mortechnika (50%)Soc. Española de Dragados SAStuyvesant Dredging CompanyTerramare OyOthers (continued)Boskalis Westminster (Oman) LLC (49%)Dragapor Dragagens de Portugal S.A.UAB Boskalis BalticBoskalis Offshore B.V.Sandpiper ASBoskalis Offshore ASBoskalis Westminster Middle East LtdLamnalco Ltd (50%)Lamnalco (Sharjah) Ltd (35%)Lamnalco LLC (50%)Boskalis Westminster Al-Rushaid Ltd (49%)BW Marine (Cyprus) LtdBoskalis Finance B.V.Boskalis Maritime Investments B.V.Smit Internationale N.V.Smit Internationale Beheer B.V.Smit International Overseas B.V.Smit Nederland B.V.Smit Holding Singapore Pty LtdSmit Shipping Singapore Pty LtdHarbour TowageSmit Harbour Towage Argentina S.A.Smit Harbour Towage (U.K.) Ltd.Smit Harbour Towage (Panama) Inc.Smit Harbour Towage Rotterdam B.V.Smit Taiwan Holding Investment Co LtdSmit Marine Canada Inc.Unie van Redding- en Sleepdienst Belgie N.V.Keppel Smit Towage Pte. Ltd., Singapore (49%)Rebras Rebocadores Do Brasil S.A. (50%)Towmar Smit Baltic UAB (50%)Smit Marine Australia Pty LtdTerminalsSmit Internationale (Gabon) S.A.Smit Terminals Europe B.V.Smit Terminals Sonagas S.A. (64%)Adriatic Towage S.R.L. (50%)SalvageSmit Salvage B.V.Smit Salvage Ltd.Smit Salvage Americas Inc.Donjon-Smit LLC (50%)Heavy Lift & TransportSmit Amandla Marine Pty. Ltd. (70%)Smit Transport Europe B.V.Smit Transport Belgium N.V.Smit Heavy Lift Europe B.V.Smit Marine Projects B.V.Smit Subsea Europe B.V.Smit Subsea Africa Ltd.Smit Subsea Middle East L.L.C. (49%)Ocean Marine Egypt S.A.E. (50%)Asian Lift Pte. Ltd. (50%)140 Annual Report 2010
Other informationDisclosures required by the Decree article 10 of the EU Directive on takeover bidsUnder the Decree article 10 of the EU Directiveon takeover bids companies whose securities areadmitted to trading on a regulated market mustdisclose information in their annual reports onmatters including their capital structure and theexistence of any shareholders with special rights.In accordance with these requirements, Boskalishereby makes the following disclosures:a. For information on the capital structure of thecompany, the composition of the issued capital andthe existence of various types of shares, pleaserefer to page 98 of the notes to the consolidatedfinancial statements in this annual report.For information on the rights attached to theseshares, please refer to the company’sArticles of Association which can be foundon the company website. To summarize, therights attached to ordinary shares comprisepre-emptive subscription rights upon the issueof ordinary shares, the entitlement to attendthe General Meeting of Shareholders, and tospeak and vote at that meeting, and the right todistribution of such amount of the company’sprofit as remains after allocation to reserves.As at December 31, 2010 the entire issuedcapital consisted of ordinary shares (registeredand bearer shares). These are only issuedagainst payment in full.b. The company has imposed no limitations onthe transfer of ordinary shares. The Articlesof Association have stipulated a blockingprocedure for protective preference shares. Thecompany is not aware of any shares having beenexchanged for depositary receipts.c. For information on equity stakes in the companyto which a notification requirement applies(pursuant to Sections 5:34, 5:35 and 5:43 of theFinancial Supervision Act), please refer to thesection ‘Investor Relations’ on page 23 of thisannual report. Under the heading ‘Shareholders’you will find a list of shareholders whom thecompany knows to have holdings of 5% or moreat the stated date.d. There are no special control rights or otherrights associated with shares in the company.e. The company does not operate a schemegranting employees rights to acquire or obtainshares in the capital of the company or any of itssubsidiaries.f. No restrictions apply to voting rights associatedwith the company’s shares, nor are there anydeadlines for exercising voting rights.g. No agreements with shareholders exist whichmay result in restrictions on the transfer ofshares or limitation of voting rights.h. The rules governing the appointment anddismissal of members of the Board ofManagement and the Supervisory Board andamendment of the Articles of Association arestated in the company’s Articles of Association.To summarize the statutory structure regimeis applicable to the Company. Members ofthe Board of Management are appointedand dismissed by the Supervisory Board,with the proviso that the General Meetingof Shareholders must be consulted prior tothe dismissal of any member of the Board ofManagement. Supervisory Board membersare nominated by the Supervisory Boardand appointed by the General Meeting ofShareholders. The Works Council has anenhanced right of recommendation for onethirdof the number of the members of theSupervisory Board. The meeting of shareholderscan declare a vote of no confidence in theSupervisory Board by an absolute majority ofvotes cast, representing at least one-third ofissued capital. Such a vote of no confidenceshall result in the immediate dismissal of theSupervisory Board members. Amendment ofRoyal Boskalis Westminster nv141
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AnnualRePORT2010
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Key figuresRevenue segmentationReve
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Summary financial information 2010A
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Summary financial information 2010C
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Chairman’s statementA major initi
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8Maasvlakte 2 project, the Netherla
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Boskalis at a glanceCompany profile
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Boskalis at a glanceActivitiesDredg
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StrategyContainer throughput* (mill
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StrategyIn the next few years we wi
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Summary financial information 20102
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Boskalis at a glanceShareholder inf
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24Cutter suction dredgersCutter suc
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Report of the Supervisory Boardinve
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Report of the Supervisory Boardexte
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Summary Report of financial the Sup
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Summary financial information 20103
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Summary Report of financial the Boa
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Report of the Board of ManagementHi
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Report of the Board of ManagementRe
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Report of the Board of ManagementRe
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Report of the Board of Managementex
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Report of the Board of ManagementOp
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Operational performance• Echoscop
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Report of the Board of ManagementCo
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Report of the Board of ManagementOp
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Report of the Board of Managementpo
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Risk managementRisks with regard to
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Report of the Board of ManagementCo
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Report of the Board of ManagementOu
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62Trailing suction hopper dredgersT
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Financial statements 2010Financial
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Financial statements 201013. Intang
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Financial statements 2010Consolidat
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Financial statements 2010Consolidat
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Financial statements 2010(in € 1,
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Financial statements 2010the identi
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Financial statements 2010translatio
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Financial statements 2010of assets.
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Financial statements 2010to an amou
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Financial statements 2010The intere
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Financial statements 2010The operat
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Financial statements 2010Review in
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Page 95 and 96: Financial statements 201011. Income
Page 97 and 98: Financial statements 201013. Intang
Page 99 and 100: Financial statements 2010Land andbu
Page 101 and 102: Financial statements 201018. Due fr
Page 103 and 104: Financial statements 201021.4 Earni
Page 105 and 106: Financial statements 2010To finance
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Page 109 and 110: Financial statements 2010The provis
Page 111 and 112: Financial statements 20102010 2009B
Page 113 and 114: Financial statements 2010Currency t
Page 115 and 116: Financial statements 201026.2 On-ba
Page 117 and 118: Financial statements 2010The result
Page 119 and 120: Financial statements 201028. Subseq
Page 121 and 122: Financial statements 2010Ownership
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Page 135 and 136: Financial statements 2010Independen
Page 137 and 138: Other informationTen-year overview
Page 139 and 140: Other informationStichting Continu
Page 141 and 142: Supervision, Board & ManagementMemb
Page 143: Supervision, Board & ManagementDred
Page 147 and 148: Other informationGlossaryAcquired o
Page 149 and 150: ColophonCompiled and coordinated by
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Annual report 20108.31 MB - Boskalis

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