Boskalis jaarverslagen 2011

17. Other non-current receivables

    2011   2010
         
Balance as at January 1   40,373   6,019
Acquired through business combinations     10,990
In / (out) consolidation   77,651  
Other movements   -5,537   23,022
Currency translation differences   -423   342
Balance as at December 31   112,064   40,373

The other non-current receivables comprise loans to strategic joint ventures, 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.

In / (out) consolidation concerns a subordinated loan that is provided to the strategic joint venture Lamnalco, after elimination of the Group’s proportional share, and that is to be expected to be repaid within 18 months after issuance. The interest amounts to 6%.

 

Added to My report add to My report Source: Annual report 2011, page 92