|
|
2015/16 |
|
2016/17 |
|
|
|
|
|
Income from associates |
|
7.0 |
|
13.9 |
Expenses from associates |
|
0.0 |
|
–0.2 |
Income from joint ventures |
|
146.0 |
|
0.9 |
Expenses from joint ventures |
|
0.0 |
|
0.0 |
|
|
153.0 |
|
14.6 |
|
|
|
|
|
In millions of euros |
||||
Income from associates is primarily attributable to METALSERVICE S.P.A., Scholz Austria GmbH and Kocel Steel Foundry Co., Ltd. In the business year 2015/16, income from joint ventures includes 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. All income from entities consolidated according to the equity method in the business year 2016/17 are the pro-rated profits for the period.