The provisions recognized for the antitrust proceedings and associated actions and costs as well as for the closure of TSTG Schienen Technik GmbH & Co KG in the annual financial statements 2012/13 in the amount of EUR 204.4 million were mainly reduced by the amount paid in the first quarter of 2013/14 to compensate Deutsche Bahn for direct rail deliveries. On July 23, 2013, the German Federal Cartel Office (Bundeskartellamt) imposed a fine of EUR 6.4 million on voestalpine for supplying turnouts to customers in Germany in connection with the part of its antitrust proceedings pertaining to the “private market” (see Interim Management Report), which was paid in the second quarter of 2013/14 and also deducted from the provisions. The remaining provisions are still considered to be appropriate.
Please note that we are invoking the safeguard clause in accordance with IAS 37.92, according to which detailed information about provisions is not provided if this could seriously and adversely impact the Company’s interests.