|
|
2014/15 |
|
2015/16 |
|
|
|
|
|
Income from associates |
|
12.5 |
|
7.0 |
Expenses from associates |
|
0.0 |
|
0.0 |
Income from joint ventures |
|
47.7 |
|
146.0 |
Expenses from joint ventures |
|
0.0 |
|
0.0 |
|
|
60.2 |
|
153.0 |
|
|
|
|
|
In millions of euros |
||||
Income from associates is primarily attributable to METALSERVICE S.P.A., GEORG FISCHER FITTINGS GmbH and Industrie-Logistik-Linz GmbH. Income from joint venture include EUR 145.8 million (including a recycling of cash flow hedges and of currency translation differences) from the transitional consolidation of voestalpine Tubulars GmbH & Co KG, voestalpine Tubulars GmbH and CNTT Chinese New Turnout Technologies Co., Ltd. – see also Chapter D. Acquisitions and other additions to the scope of consolidated financial statements. All other income from entities consolidated according to the equity method are the pro rata profits for the period– see also Chapter B. Summary of accounting policies, section general information.