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F. Investments in associates and joint ventures

Shares in immaterial joint ventures

Profits from the joint ventures, which are individually immaterial to voestalpine’s Consolidated Financial Statements, are included using the equity method. Interests held are presented in the “Investments” appendix to the Notes. In each case, this information relates to the interests of the voestalpine Group in immaterial joint ventures and is broken down as follows:

 

 

2017/18

 

2018/19

 

 

 

 

 

Group share of

 

 

 

 

Profit after tax

 

0.9

 

0.7

Other comprehensive income

 

–0.2

 

0.1

Comprehensive income

 

0.7

 

0.8

 

 

 

 

 

Carrying amount immaterial joint ventures

 

4.6

 

4.5

 

 

 

 

 

In millions of euros

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

Shares in immaterial associates

Profits from associates that are individually immaterial to the voestalpine Consolidated Financial Statements are included using the equity method. This information relates to the interests of the voestalpine Group in associates and is broken down as follows:

 

 

2017/18

 

2018/19

 

 

 

 

 

Group share of

 

 

 

 

Profit after tax

 

14.3

 

13.2

Other comprehensive income

 

–1.4

 

1.0

Comprehensive income

 

12.9

 

14.2

 

 

 

 

 

Carrying amount immaterial associates

 

113.9

 

119.8

 

 

 

 

 

In millions of euros

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


About voestalpine

In its business segments, voestalpine is a globally leading technology group with a unique combination of materials and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner of the automotive and consumer goods industries as well as of the aerospace and oil & gas industries. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections.

Facts

50 Countries on all 5 continents
500 Group companies and locations
52,000 Employees worldwide

Earnings FY 2018/19

€ 13.6 Billion

Revenue

€ 1.6 Billion

EBITDA

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