Shares in immaterial joint ventures
Profits from the joint ventures, which are individually immaterial to voestalpine’s Consolidated Financial Statements, are included using the equity method. Interests held are presented in the “Investments” appendix to the Notes. In each case, this information relates to the interests of the voestalpine Group in immaterial joint ventures and is broken down as follows:
|
|
2018/19 |
|
2019/20 |
|---|---|---|---|---|
|
|
|
|
|
Group share of |
|
|
|
|
Profit after tax |
|
0.7 |
|
0.8 |
Other comprehensive income |
|
0.1 |
|
–0.1 |
Comprehensive income |
|
0.8 |
|
0.7 |
|
|
|
|
|
Carrying amount immaterial joint ventures |
|
4.5 |
|
4.5 |
|
|
|
|
|
In millions of euros |
||||
voestalpine Giesserei Linz GmbH holds an interest of 51.0% in Jiaxing NYC Industrial Co., Ltd. The entity’s Articles of Incorporation require at least one vote from the other partner for all material decisions (budget, investments). It is assumed, therefore, that control is not exercised over the entity despite the 51.0% interest.
Shares in immaterial associates
Profits from associates that are individually immaterial to the voestalpine Consolidated Financial Statements are included using the equity method. This information relates to the interests of the voestalpine Group in associates and is broken down as follows:
|
|
2018/19 |
|
2019/20 |
|---|---|---|---|---|
|
|
|
|
|
Group share of |
|
|
|
|
Profit after tax |
|
13.2 |
|
10.1 |
Other comprehensive income |
|
1.0 |
|
–1.0 |
Comprehensive income |
|
14.2 |
|
9.1 |
|
|
|
|
|
Carrying amount immaterial associates |
|
119.8 |
|
123.1 |
|
|
|
|
|
In millions of euros |
||||
Associates and the interests in them are presented in the “Investments” appendix to the Notes.
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