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Subsidiaries with material non-controlling interests

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Name of the subsidiary

 

Domicile

 

06/30/2015

 

 

 

 

Proportion of ownership

 

Proportion of ownership interests held by non-controlling interests

 

 

 

 

 

 

 

voestalpine Tubulars GmbH & Co KG

 

Kindberg, Austria

 

49.8875%

 

50.1125%

CNTT Chinese New Turnout Technologies Co., Ltd.

 

Qinhuangdao, China

 

50.000%

 

50.000%

In the reporting period, the total of all non-controlling interests amounts to EUR 202.5 million, of which EUR 111.6 million is attributable to voestalpine Tubulars GmbH & Co KG and EUR 29.4 million is attributable to CNTT Chinese New Turnout Technologies Co., Ltd. The remaining non-controlling interests, seen individually, can be considered immaterial for the Group.

Summarized financial information for each subsidiary with non-controlling interests that are material for the Group is in the following chart. The figures correspond to amounts prior to the elimination of Group-internal transaction.

Summarized statement of financial position

 

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voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

06/30/2015

 

06/30/2015

 

 

 

 

 

Non-current assets

 

71.8

 

20.7

Current assets

 

127.2

 

87.2

Non-current provisions and liabilities

 

34.4

 

0.1

Current provisions and liabilities

 

55.3

 

52.7

Net assets (100%)

 

109.3

 

55.1

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized income statement

 

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voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

04/01–06/30/2015

 

04/01–06/30/2015

 

 

 

 

 

Revenue

 

118.2

 

12.8

EBIT

 

13.7

 

3.5

Profit for the period

 

17.4

 

2.6

 

 

 

 

 

Attributable to:

 

 

 

 

Equity holders of the parent

 

8.7

 

1.3

Non-controlling interests

 

8.7

 

1.3

 

 

 

 

 

Dividends payed to non-controlling interests

 

31.0

 

0.0

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized statement of cash flows

 

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voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

04/01–06/30/2015

 

04/01–06/30/2015

 

 

 

 

 

Cash flows from operating activities

 

28.9

 

1.0

Cash flows from investing activities

 

32.8

 

–0.2

thereof additions/divestments of other financial assets

 

38.0

 

0.0

Cash flows from financing activities

 

–61.8

 

0.0

Net decrease/increase in cash and cash equivalents

 

–0.1

 

0.8

 

 

 

 

 

 

 

 

 

In millions of euros