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Subsidiaries with material non-controlling interests

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Name of the subsidiary

 

Domicile

 

09/30/2015

 

 

 

 

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 204.1 million, of which EUR 113.3 million is attributable to voestalpine Tubulars GmbH & Co KG and EUR 31.7 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 depicted in the following chart. The figures correspond to amounts prior to the elimination of Group-internal transactions.

Summarized statement of financial position

 

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voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

09/30/2015

 

09/30/2015

 

 

 

 

 

Non-current assets

 

83.0

 

19.4

Current assets

 

120.9

 

97.5

Non-current provisions and liabilities

 

34.6

 

0.1

Current provisions and liabilities

 

50.2

 

56.6

Net assets (100%)

 

119.1

 

60.2

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized income statement

 

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voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

04/01–09/30/2015

 

04/01–09/30/2015

 

 

 

 

 

Revenue

 

197.6

 

45.9

EBIT

 

20.8

 

12.3

Profit for the period

 

24.9

 

9.3

 

 

 

 

 

Attributable to:

 

 

 

 

Equity holders of the parent

 

12.4

 

4.7

Non-controlling interests

 

12.5

 

4.7

 

 

 

 

 

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.

 

 

04/01–09/30/2015

 

04/01–09/30/2015

 

 

 

 

 

Cash flows from operating activities

 

26.0

 

5.9

Cash flows from investing activities

 

34.4

 

–0.3

thereof additions/divestments of other financial assets

 

53.6

 

0.0

Cash flows from financing activities

 

–60.5

 

0.0

Net decrease/increase in cash and cash equivalents

 

–0.1

 

5.6

 

 

 

 

 

 

 

 

 

In millions of euros