Holding and eliminations
Non-allocated head office activities.
|holding|| ||2013|| ||2012|
|(in millions of EUR)|| || || || |
|Revenue|| ||-11.9|| ||-|
|Operating result|| ||-24.8|| ||-37.2|
The operating result includes the usual non-allocated head office costs, as well as various non-allocated (exceptional) income and expenses. A book gain of EUR 51 million has been recognized in the operating result, arising from the sale of the 40% stake in Archirodon. Upon the acquisition of SMIT in 2010 a value was assigned to the SMIT trade name. Following the merging of the former SMIT Subsea, Transport and Heavy Lift activities with those of Boskalis Offshore in the Boskalis Offshore Energy division the SMIT trade name is (virtually) no longer in use for these activities. This resulted in a EUR 16.4 million impairment charge in relation to the SMIT trade name. Costs associated with the acquisition and integration of Dockwise amounting to EUR 8.2 million, have also been recognized in the operating result.
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