Shares in immaterial joint ventures
Profits from the joint ventures, which are individually immaterial for the voestalpine consolidated financial statements, are included using the equity method. Interests held are presented in the appendix to the Notes on “Investments.” This information relates to the interests held by the voestalpine Group in immaterial joint ventures and is broken down as follows:
|
|
2015/16 |
|
2016/17 |
|
|
|
|
|
Group share of |
|
|
|
|
Profit after tax |
|
0.2 |
|
0.9 |
Other comprehensive income |
|
–0.3 |
|
0.0 |
Comprehensive income |
|
–0.1 |
|
0.9 |
|
|
|
|
|
Carrying amount immaterial joint ventures |
|
3.2 |
|
3.8 |
|
|
|
|
|
In millions of euros |
||||
voestalpine Giesserei Linz GmbH holds 51.0% of shares in Jiaxing NYC Industrial Co., Ltd. The Articles of Incorporation require at least one vote from another partner for all significant decisions (budget, investments). As a result, it is assumed that despite the 51.0% interest, control is not exercised over the interest.
Shares in immaterial associates
The profit from associates that are individually immaterial for the voestalpine consolidated financial statements are included using the equity method. This information relates to the interests held by the voestalpine Group in associates and is broken down as follows:
|
|
2015/16 |
|
2016/17 |
|
|
|
|
|
Group share of |
|
|
|
|
Profit after tax |
|
7.0 |
|
13.7 |
Other comprehensive income |
|
–3.8 |
|
0.2 |
Comprehensive income |
|
3.2 |
|
13.9 |
|
|
|
|
|
Carrying amount immaterial associates |
|
109.2 |
|
109.2 |
|
|
|
|
|
In millions of euros |
||||
Associates and the interests held in them are presented in the appendix to the Notes on “Investments.”
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