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11. Other intangible assets

 

 

Brands

 

Other

 

Advance payments or payments in progress

 

Total

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

227.6

 

1,076.4

 

14.6

 

1,318.6

Accumulated amortization and impairment

 

–8.1

 

–990.2

 

0.0

 

–998.3

Carrying amount as of April 1, 2013

 

219.5

 

86.2

 

14.6

 

320.3

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

227.6

 

1,082.2

 

43.1

 

1,352.9

Accumulated amortization and impairment

 

–13.8

 

–1,002.9

 

0.0

 

–1,016.7

Carrying amount as of March 31, 2014

 

213.8

 

79.3

 

43.1

 

336.2

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

227.6

 

1,093.6

 

57.0

 

1,378.2

Accumulated amortization and impairment

 

–19.5

 

–1,013.3

 

–0.1

 

–1,032.9

Carrying amount as of March 31, 2015

 

208.1

 

80.3

 

56.9

 

345.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

The column “Brands” contains brands with an indefinite useful life amounting to EUR 170.6 million. No impairments have arisen. Moreover, a capital market funding advantage associated with the brand name Böhler-Uddeholm is contained therein. The depreciation period of the capital market funding advantage is ten years.

The following table shows a reconciliation of the carrying amounts of other intangible assets for the periods presented in the consolidated financial statements as of March 31, 2015:

 

 

Brands

 

Other

 

Advance payments or payments in progress

 

Total

 

 

 

 

 

 

 

 

 

Carrying amount as of April 1, 2013

 

219.5

 

86.2

 

14.6

 

320.3

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidated financial statements

 

0.0

 

4.7

 

0.0

 

4.7

Additions

 

0.0

 

15.2

 

29.1

 

44.3

Transfers

 

0.0

 

4.2

 

–0.5

 

3.7

Disposals

 

0.0

 

0.0

 

0.0

 

0.0

Amortization

 

–5.7

 

–28.2

 

0.0

 

–33.9

Net exchange differences

 

0.0

 

–2.8

 

–0.1

 

–2.9

Carrying amount as of March 31, 2014

 

213.8

 

79.3

 

43.1

 

336.2

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidated financial statements

 

0.0

 

2.2

 

0.0

 

2.2

Additions

 

0.0

 

15.7

 

20.9

 

36.6

Transfers

 

0.0

 

7.8

 

–2.9

 

4.9

Disposals

 

0.0

 

0.0

 

–4.9

 

–4.9

Amortization

 

–5.7

 

–26.0

 

0.0

 

–31.7

Impairment

 

0.0

 

–0.9

 

0.0

 

–0.9

Net exchange differences

 

0.0

 

2.2

 

0.7

 

2.9

Carrying amount as of March 31, 2015

 

208.1

 

80.3

 

56.9

 

345.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

The functional areas of cost of sales, distribution costs, administrative expenses, and other operating expenses may include amortization of intangible assets.

As of March 31, 2015, commitments for the acquisition of intangible assets amounted to EUR 3.7million (March 31, 2014: EUR 3.3 million). Additions to “Advance payments or payments in progress” contain EUR 15.7 million (March 31, 2014: EUR 23.8 million) in capitalized development costs for a software project intended to depict cross-company business processes and business processes that have been harmonized within the Steel Division. The carrying amount as of March 31, 2015 is EUR 52.7 million (March 31, 2014: EUR 37.0 million).

About voestalpine

The voestalpine Group is a steel-based technology and capital goods group that operates worldwide. With its top-quality products, the Group is one of the leading partners to the automotive and consumer goods industries in Europe and to the oil and gas industries worldwide.

Facts

50 Countries on all 5 continents
500 Group companies and locations
48,100 Employees worldwide

Earnings FY 2014/15

€ 11.2 Billion

Revenue

€ 1.5 Billion

EBITDA

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