Annual report 20108.31 MB - Boskalis

Other informationGlossaryAcquired orders Contract value of acquired assignments.Backhoe A large hydraulic excavating machine positioned onthe end of a pontoon. The pontoon is held firmly in place usingspuds. Backhoes can dredge in a range of soil types with extremeprecision.Bucket dredger The standard, anchored dredger with a revolvingchain and buckets that dig into the bed and are discharged. Thistype of equipment is now mainly used for environmental dredgingand other jobs requiring extreme precision, such as dredging tunneltrenches.Bollard pull The pulling capacity of a tug, expressed in metrictonnes.Bunker fuel Type of fuel used by oceangoing and other vessels.Bunkering refers to the act or process of supplying a ship with thistype of fuel.Bunker vessel Vessel used to supply oceangoing ships with fuel.CapEx Capital expenditure.Cash flow Group net profit adjusted for depreciation, amortizationand impairments.Completed contracts Contract value of completed work.Cost leadership Achieving lowest cost price.Cutter/Cutter dredger See cutter suction dredger.Cutter suction dredger A vessel that dredges while being held intoplace using spuds and anchors. This technique combines powerfulcutting with suction dredging. Cutter suction dredgers are mainlyused where the bed is hard and compact. The dredged material issometimes loaded into hoppers but is generally pumped to landthrough a pressure pipeline.Dismantle To take apart and/or remove an object.EBITDA Group earnings before the result of associated companies,interest, tax, depreciation, amortization and impairments.Emissions Pollutants released into the environment.EU-IFRS IFRS stands for International Financial ReportingStandards. EU-IFRS are financial reporting rules drawn up andissued by the IASB (International Accounting Standards Board)and adopted within the European Union. Since 2005 all publiclylisted companies within the European Union have been obliged tocomply with these standards in their external financial accounting/reporting.Fallpipe vessel Vessel that moves over the area to be covered, whiledumping the stones on board through a fallpipe. The vessel is keptin place by a dynamic positioning system in which the propellersand rudders are controlled by an automatic system. The end of thepipe is located just a few meters above the level of the surface tobe covered. The fallpipe is controlled using a precise positioningsystem. The fallpipe vessel Seahorse can also be equipped with anA-frame on the aftship and a grab controlled by an ROV (RemotelyOperated Vehicle). This makes it possible to dredge down to depthsof 1,000 meters.Floating Sheerlegs Floating cranes for heavy lifting.Futures A future (derivative) is a so-called forward contract; anagreement between traders to purchase or sell certain financialproducts on a specified future date at a previously agreed fixedprice.Hazardous substances Liquid or solid substances which present ahealth hazard and/or are damaging to the environment.Global Reporting Initiative International organization that developsglobal standards for sustainability reporting.Greenfield project Project to create new infrastructure.Home market Boskalis distinguishes itself from its competitors inthe Dredging & Earthmoving segment by the use of a home marketstrategy. The home market organizations have local marketingprofiles, as well as their own fleets and infrastructures. They canrely on the support of the financial and technical resources of theglobal Boskalis organization. Home markets provide a stable flowof assignments and opportunities to generate additional marginsthrough associated activities.Hopper/hopper dredger See trailing suction hopper dredger.International projects market Market that focuses primarily onlarger capital expenditure projects for new buildings and/orextensions. In addition, there are projects that regularly involvecooperation with third parties. This makes it possible to provideclients with optimal services and to share risks.LNG Liquified Natural Gas.LTI Lost Time Injury. Expresses the number of workplace accidentsserious enough to result in absence from work.LTIF Lost Time Injury Frequency. Expresses the number ofworkplace accidents serious enough to result in absence fromwork, per 200,000 hours worked.Net Group profit Net result + net profit attributable to noncontrollinginterests.OpEx Operating expenditure.Order book The revenue accounted for by parts of orders as yetuncompleted.Return on capital employed Net result + interest paid on long-termloans as % of the average capital employed (shareholders’ equity +long-term loans).Return on equity Net result as % of the average shareholders’equity.Revenue work done Volumes produced in a given period. The workmay not yet be completed.Roro (roll-on/roll-off) ship Vessels designed to carry wheeled cargosuch as automobiles, trucks, semi-trailer trucks, trailers or railroadcars that are driven on and off the ship on their own wheels.Rockfragmentation under water Drilling and blasting hardmaterials such as rock and granite, often to deepen ports and clearnavigational channels.SHE-Q (Safety, Health, Environment & Quality) Former QA/HSE(Quality Assurance, Health, Safety and Environment).Trailing suction hopper dredger A self-propelled unit that loads itswell or hopper using centrifugal pumps and pipes that trail over thebed as the ship sails. Trailing suction hopper dredgers can operateindependently of other equipment and can transport material overlong distances. The dredged material is dumped through flaps orbottom doors, by rainbowing, or pumped onto land using a pipeline.Solvency Group equity as % of the balance sheet total (non-currentassets + current assets).Stone placing vessel A ship with a deck on which stones can beloaded. Using a dynamic positioning system and slides, the stonesare pushed over the edge of the ship into the right position in thewater.TEU Twenty feet Equivalent Unit (container); often used to describethe cargo capacity of container ships and container terminals.Work in progress Projects that have not been completed on thebalance sheet date but that have been finished in part.Royal Boskalis Westminster nv143