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12. Investments in entities consolidated according to the equity method and other financial assets

 

 

Investments in affiliates

 

Invest­ments in associates

 

Investments in joint ventures

 

Other invest-ments

 

Securities

 

Loans granted

 

Advance payments

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

17.2

 

114.4

 

100.3

 

56.8

 

6.9

 

27.9

 

0.0

 

323.5

Accumulated depreciation

 

–7.1

 

0.0

 

0.0

 

–7.9

 

–0.1

 

–3.0

 

0.0

 

–18.1

Carrying amount as of April 1, 2014

 

10.1

 

114.4

 

100.3

 

48.9

 

6.8

 

24.9

 

0.0

 

305.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

16.6

 

117.1

 

102.0

 

55.3

 

3.8

 

19.8

 

0.0

 

314.6

Accumulated depreciation

 

–6.3

 

0.0

 

0.0

 

–10.9

 

0.2

 

–0.9

 

0.0

 

–17.9

Carrying amount as of March 31, 2015

 

10.3

 

117.1

 

102.0

 

44.4

 

4.0

 

18.9

 

0.0

 

296.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

17.5

 

109.4

 

3.2

 

54.9

 

3.3

 

18.2

 

0.2

 

206.7

Accumulated depreciation

 

–6.8

 

–0.2

 

0.0

 

–16.8

 

0.1

 

–0.8

 

0.0

 

–24.5

Carrying amount as of March 31, 2016

 

10.7

 

109.2

 

3.2

 

38.1

 

3.4

 

17.4

 

0.2

 

182.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

The following table shows a reconciliation of the carrying amounts of investments in entities consolidated according to the equity method and other financial assets for the periods presented in the consolidated financial statements as of March 31, 2016:

 

 

Investments in affiliates

 

Invest­ments in associates

 

Investments in joint ventures

 

Other invest-ments

 

Securities

 

Loans granted

 

Advance payments

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying amount as of April 1, 2014

 

10.1

 

114.4

 

100.3

 

48.9

 

6.8

 

24.9

 

0.0

 

305.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidated financial statements

 

0.0

 

–2.5

 

0.0

 

0.0

 

0.0

 

–3.0

 

0.0

 

–5.5

Additions

 

0.2

 

1.0

 

0.0

 

0.6

 

0.6

 

–0.6

 

0.0

 

1.8

Transfers

 

0.0

 

–3.8

 

0.0

 

0.0

 

–1.1

 

–0.1

 

0.0

 

–5.0

Disposals

 

0.0

 

0.0

 

–5.1

 

0.0

 

–2.4

 

–1.0

 

0.0

 

–8.5

Impairment

 

0.0

 

0.0

 

0.0

 

–5.1

 

0.0

 

–1.5

 

0.0

 

–6.6

Revaluation

 

0.0

 

0.0

 

0.0

 

0.0

 

0.1

 

0.0

 

0.0

 

0.1

Net exchange differences

 

0.0

 

8.0

 

6.8

 

0.0

 

0.0

 

0.2

 

0.0

 

15.0

Carrying amount as of March 31, 2015

 

10.3

 

117.1

 

102.0

 

44.4

 

4.0

 

18.9

 

0.0

 

296.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidated financial statements

 

0.9

 

0.0

 

–98.6

 

0.0

 

0.0

 

0.2

 

0.0

 

–97.5

Additions

 

0.0

 

0.0

 

0.1

 

0.0

 

0.0

 

0.6

 

0.2

 

0.9

Transfers

 

0.0

 

0.0

 

0.0

 

–0.4

 

0.0

 

–0.3

 

0.0

 

–0.7

Disposals

 

0.0

 

–3.9

 

0.0

 

0.0

 

–0.6

 

–1.7

 

0.0

 

–6.2

Impairment

 

–0.5

 

–0.2

 

0.0

 

–5.9

 

0.0

 

0.0

 

0.0

 

–6.6

Revaluation

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

Net exchange differences

 

0.0

 

–3.8

 

–0.3

 

0.0

 

0.0

 

–0.3

 

0.0

 

–4.4

Carrying amount as of March 31, 2016

 

10.7

 

109.2

 

3.2

 

38.1

 

3.4

 

17.4

 

0.2

 

182.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

Loans granted comprise the following items:

 

 

03/31/2014

 

03/31/2015

 

03/31/2016

 

 

 

 

 

 

 

Loans to affiliates

 

0.9

 

0.7

 

0.6

Other loans

 

14.8

 

10.6

 

9.3

Other receivables from financing

 

9.2

 

7.6

 

7.5

 

 

24.9

 

18.9

 

17.4

 

 

 

 

 

 

 

In millions of euros

Other current investments include securities of the V54 fund of funds amounting to EUR 325.2 million (March 31, 2015: EUR 381.2 million), and other securities amounting to EUR 30.6 million (March 31, 2015: EUR 24.4 million).

The fund assets of the V54 fund of funds, which represent a carrying amount of current securities amounting to EUR 21.5 million (March 31, 2015: EUR 21.9 million) in the consolidated financial statements, are pledged for investment loans granted by the European Investment Bank.

Following the disposal of Wuppermann Austria Gesellschaft m.b.H. (part of the operating segment Steel Division) in the business year 2014/15, only VA Intertrading Aktiengesellschaft was recognized – as in the previous year –under other current financial investments, as the prerequisites for the application of IFRS 5 provisions have now been met; however, as these are immaterial and negligible, it is not appropriate to list them as a separate line item in the consolidated statement of financial position. VA Intertrading Aktiengesellschaft is part of the operating segment Other.

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
48,500 Employees worldwide

Earnings FY 2015/16

€ 11.1 Billion

Revenue

€ 1.6 Billion

EBITDA

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