Boskalis jaarverslagen 2011

3. Investments in Group companies

Investments in Group companies consists solely of the 100% investment in Boskalis Westminster Dredging B.V., Papendrecht. The movements in this investment are shown below

    2011   2010
         
Balance as at January 1   1,556,166   1,294,826
         
Dividends received   -40,000   -52,000
Profit for the year   254,254   310,517
Movements directly recognized in equity of group company   -41,726   2,823
         
Balance as at December 31   1,728,694   1,556,166

Reference is made to the notes 16 and 30.1 of the consolidated financial statements 2011 for an overview of the most important direct and indirect Group companies.

 

Added to My report add to My report Source: Annual report 2011, page 116