If you use this site, you agree to our use of cookies. More information I accept cookies

F. Investments in associates and joint ventures

Shares in immaterial joint ventures

Profits from the joint ventures, which are individually immaterial for the voestalpine consolidated financial statements, are included using the equity method. Interests held are presented in the appendix to the Notes on “Investments.” This information relates to the interests held by the voestalpine Group in immaterial joint ventures and is broken down as follows:

 

 

2015/16

 

2016/17

 

 

 

 

 

Group share of

 

 

 

 

Profit after tax

 

0.2

 

0.9

Other comprehensive income

 

–0.3

 

0.0

Comprehensive income

 

–0.1

 

0.9

 

 

 

 

 

Carrying amount immaterial joint ventures

 

3.2

 

3.8

 

 

 

 

 

In millions of euros

voestalpine Giesserei Linz GmbH holds 51.0% of shares in Jiaxing NYC Industrial Co., Ltd. The Articles of Incorporation require at least one vote from another partner for all significant decisions (budget, investments). As a result, it is assumed that despite the 51.0% interest, control is not exercised over the interest.

Shares in immaterial associates

The profit from associates that are individually immaterial for the voestalpine consolidated financial statements are included using the equity method. This information relates to the interests held by the voestalpine Group in associates and is broken down as follows:

 

 

2015/16

 

2016/17

 

 

 

 

 

Group share of

 

 

 

 

Profit after tax

 

7.0

 

13.7

Other comprehensive income

 

–3.8

 

0.2

Comprehensive income

 

3.2

 

13.9

 

 

 

 

 

Carrying amount immaterial associates

 

109.2

 

109.2

 

 

 

 

 

In millions of euros

Associates and the interests held in them are presented in the appendix to the Notes on “Investments.”


About voestalpine

In its business segments, voestalpine is a globally leading technology and capital goods group with a unique combination of material and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner to the automotive and consumer goods industries in Europe and to the aerospace, oil and gas industries worldwide. The voestalpine Group is also the world market leader in turnout technology, special rails, tool steel, and special sections.

Facts

50 Countries on all 5 continents
500 Group companies and locations
50,000 Employees worldwide

Earnings FY 2016/17

€ 11.3 Billion

Revenue

€ 1.54 Billion

EBITDA

To the Top
Close