Name of the subsidiary |
|
Domicile |
|
03/31/2016 |
|
03/31/2017 |
|
|
|
|
|
|
|
voestalpine Tubulars GmbH & Co KG |
|
Kindberg, Austria |
|
|
|
|
Proportion of ownership |
|
|
|
49.8875% |
|
49.8875% |
Proportion of ownership interests held by non-controlling interests |
|
|
|
50.1125% |
|
50.1125% |
CNTT Chinese New Turnout Technologies Co., Ltd. |
|
Qinhuangdao, China |
|
|
|
|
Proportion of ownership |
|
|
|
50.0000% |
|
50.0000% |
Proportion of ownership interests held by non-controlling interests |
|
|
|
50.0000% |
|
50.0000% |
In the reporting period, the total of all non-controlling interests amounts to EUR 168.2 million (March 31, 2016: EUR 180.2 million), of which EUR 80.7 million (March 31, 2016: EUR 95.4 million) is attributable to voestalpine Tubulars GmbH & Co KG and EUR 32.8 million (March 31, 2016: EUR 26.2 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 intragroup transactions.
Summarized statement of financial position |
||||||||
|
|
voestalpine Tubulars |
|
CNTT Chinese New Turnout Technologies Co., Ltd. |
||||
|
|
03/31/2016 |
|
03/31/2017 |
|
03/31/2016 |
|
03/31/2017 |
|
|
|
|
|
|
|
|
|
Non-current assets |
|
91.5 |
|
112.3 |
|
20.1 |
|
18.2 |
Current assets |
|
120.5 |
|
124.7 |
|
94.5 |
|
96.1 |
Non-current provisions and liabilities |
|
30.9 |
|
30.0 |
|
0.9 |
|
3.0 |
Current provisions and liabilities |
|
58.7 |
|
103.6 |
|
63.5 |
|
46.7 |
Net assets (100%) |
|
122.4 |
|
103.4 |
|
50.2 |
|
64.6 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
Summarized income statement |
||||||||
|
|
voestalpine Tubulars |
|
CNTT Chinese New Turnout Technologies Co., Ltd. |
||||
|
|
2015/16 |
|
2016/17 |
|
2015/16 |
|
2016/17 |
|
|
|
|
|
|
|
|
|
Revenue |
|
354.8 |
|
274.8 |
|
69.8 |
|
93.2 |
EBIT |
|
20.1 |
|
–7.7 |
|
20.3 |
|
30.7 |
Profit after tax |
|
24.1 |
|
–8.0 |
|
15.5 |
|
23.5 |
|
|
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
|
|
|
Equity holders of the parent |
|
12.0 |
|
–4.0 |
|
7.8 |
|
11.7 |
Non-controlling interests |
|
12.1 |
|
–4.0 |
|
7.8 |
|
11.7 |
|
|
|
|
|
|
|
|
|
Dividends paid to non-controlling interests |
|
31.0 |
|
5.2 |
|
7.4 |
|
4.5 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
Summarized statement of cash flows |
||||||||
|
|
voestalpine Tubulars |
|
CNTT Chinese New Turnout Technologies Co., Ltd. |
||||
|
|
2015/16 |
|
2016/17 |
|
2015/16 |
|
2016/17 |
|
|
|
|
|
|
|
|
|
Cash flows from operating activities |
|
22.2 |
|
4.8 |
|
8.0 |
|
37.2 |
Cash flows from investing activities |
|
22.3 |
|
–30.2 |
|
–2.2 |
|
–0.8 |
thereof additions to/divestments of other financial assets |
|
56.2 |
|
0.1 |
|
0.0 |
|
0.0 |
Cash flows from financing activities |
|
–44.5 |
|
25.8 |
|
–9.6 |
|
–14.0 |
Net decrease/increase in cash and cash equivalents |
|
0.0 |
|
0.4 |
|
–3.8 |
|
22.4 |
|
|
|
|
|
|
|
|
|
In millions of euros |
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