Boskalis jaarverslagen 2011

Political and credit risks

The main risks include disruption by political developments and violence, and the risk of non-payment by clients. Boskalis has a strict risk acceptance and hedging policy for political and payment risks. Except where first-class clients with an excellent credit rating are involved, these risks are in principle covered by measures such as credit insurance, bank guarantees and advance payments. As a matter of principle, revenue and profits are only accounted for once realization is sufficiently certain.

 

Added to My report add to My report Source: Annual review 2011, Report of the Board of Management, page 52