Related parties

Related parties

Van Oord classifies Group companies, the Executive Committee, the Supervisory Board and (participations of) the shareholders as related parties. Transactions with Group companies mainly concern the deployment of personnel, vessels and equipment, as well as the allocation of shared support services. The Group also participates in the in‑house banking and cash‑pooling arrangements, resulting in intercompany receivable and payable positions.

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Notes to the consolidated profit and loss account

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