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E. Subsidiaries with material non-controlling interests

Name of the subsidiary

 

Domicile

 

03/31/2018

 

03/31/2019

 

 

 

 

 

 

 

voestalpine Tubulars GmbH & Co KG

 

Kindberg, Austria

 

 

 

 

Proportion of ownership

 

 

 

49.8875%

 

49.8875%

Proportion of ownership interestsheld 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 is EUR 165.8 million (March 31, 2018: EUR 168.6 million), of which EUR 87.7 million (March 31, 2018: EUR 84.4 million) is attributable to voestalpine Tubulars GmbH & Co KG and EUR 32.5 million (March 31, 2018: EUR 35.5 million) is attributable to CNTT Chinese New Turnout Technologies Co., Ltd. The remaining non-controlling interests, considered individually, may be considered immaterial to the Group.

Summarized financial information for each subsidiary with non-controlling interests that are material to the Group is shown below. The figures correspond to the amounts prior to the elimination of intra-Group transactions.

Summarized statement of financial position

 

 

voestalpine Tubulars
GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

03/31/2018

 

03/31/2019

 

03/31/2018

 

03/31/2019

 

 

 

 

 

 

 

 

 

Non-current assets

 

122.3

 

122.9

 

15.1

 

13.1

Current assets

 

165.0

 

173.0

 

95.7

 

102.3

Non-current provisions and liabilities

 

30.2

 

32.6

 

2.9

 

3.0

Current provisions and liabilities

 

137.0

 

134.8

 

37.8

 

47.8

Net assets (100%)

 

120.1

 

128.5

 

70.1

 

64.6

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized income statement

 

 

voestalpine Tubulars
GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

2017/18

 

2018/19

 

2017/18

 

2018/19

 

 

 

 

 

 

 

 

 

Revenue

 

456.1

 

534.3

 

76.1

 

71.7

EBIT

 

20.0

 

13.6

 

28.7

 

25.6

Profit after tax

 

16.8

 

10.8

 

21.7

 

21.0

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

 

Equity holders of the parent

 

8.4

 

5.4

 

10.8

 

10.5

Non-controlling interests

 

8.4

 

5.4

 

10.8

 

10.5

 

 

 

 

 

 

 

 

 

Dividends paid to non-controlling interests

 

0.0

 

0.0

 

6.5

 

14.2

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized statement of cash flows

 

 

voestalpine Tubulars
GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

2017/18

 

2018/19

 

2017/18

 

2018/19

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

2.4

 

21.9

 

13.0

 

23.8

Cash flows from investing activities

 

–24.6

 

–16.5

 

–1.0

 

–1.9

Thereof additions to/divestments
of other financial assets

 

0.1

 

0.1

 

0.0

 

0.0

Cash flows from financing activities

 

21.7

 

–5.4

 

–12.9

 

–17.2

Net decrease/increase in cash and
cash equivalents

 

–0.5

 

0.0

 

–0.9

 

4.7

 

 

 

 

 

 

 

 

 

In millions of euros


About voestalpine

In its business segments, voestalpine is a globally leading technology group with a unique combination of materials and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner of the automotive and consumer goods industries as well as of the aerospace and oil & gas industries. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections.

Facts

50 Countries on all 5 continents
500 Group companies and locations
52,000 Employees worldwide

Earnings FY 2018/19

€ 13.6 Billion

Revenue

€ 1.6 Billion

EBITDA

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