12. Investments in entities consolidated according to the equity method,
other financial assets and other equity investments

 

 

Investments in affiliates

 

Investments in associates

 

Investments in joint ventures

 

Other investments

 

Securities

 

Loans

 

Advance payments

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

14.1

 

114.4

 

4.6

 

47.9

 

1.1

 

6.7

 

0.2

 

189.0

Accumulated depreciation/revaluation

 

–6.5

 

–0.5

 

0.0

 

–12.0

 

0.3

 

–0.7

 

0.0

 

–19.4

Carrying amount as of April 1, 2018

 

7.6

 

113.9

 

4.6

 

35.9

 

1.4

 

6.0

 

0.2

 

169.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

23.4

 

120.5

 

4.5

 

47.9

 

0.9

 

2.7

 

0.2

 

200.1

Accumulated depreciation/revaluation

 

–12.4

 

–0.7

 

0.0

 

–11.9

 

0.3

 

–0.5

 

0.0

 

–25.2

Carrying amount as of March 31, 2019

 

11.0

 

119.8

 

4.5

 

36.0

 

1.2

 

2.2

 

0.2

 

174.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

23.4

 

123.8

 

4.5

 

47.9

 

13.5

 

4.4

 

0.2

 

217.7

Accumulated depreciation/revaluation

 

–13.9

 

–0.7

 

0.0

 

–7.7

 

–1.4

 

–0.6

 

0.0

 

–24.3

Carrying amount as of March 31, 2020

 

9.5

 

123.1

 

4.5

 

40.2

 

12.1

 

3.8

 

0.2

 

193.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

The following table shows the reconciliation of the carrying amounts of investments in entities consolidated according to the equity method, other financial assets, and other investments for the periods presented in the Consolidated Financial Statements as of March 31, 2020:

 

 

Investments in affiliates

 

Investments in associates

 

Investments in joint ventures

 

Other investments

 

Securities

 

Loans

 

Advance payments

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying amount as of April 1, 2018

 

7.6

 

113.9

 

4.6

 

35.9

 

1.4

 

6.0

 

0.2

 

169.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidation

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

Additions

 

0.4

 

13.3

 

0.8

 

0.0

 

0.0

 

0.5

 

0.0

 

15.0

Transfers

 

3.3

 

0.0

 

0.0

 

0.0

 

0.0

 

–0.1

 

0.0

 

3.2

Disposals

 

–0.3

 

–8.3

 

–1.0

 

0.0

 

–0.2

 

–4.2

 

0.0

 

–14.0

Depreciation/impairment

 

0.0

 

–0.1

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

–0.1

Revaluation

 

0.0

 

0.0

 

0.0

 

0.1

 

0.0

 

0.0

 

0.0

 

0.1

Net exchange differences

 

0.0

 

1.0

 

0.1

 

0.0

 

0.0

 

0.0

 

0.0

 

1.1

Carrying amount as of March 31, 2019

 

11.0

 

119.8

 

4.5

 

36.0

 

1.2

 

2.2

 

0.2

 

174.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidation

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

Additions

 

0.2

 

10.6

 

0.8

 

0.0

 

12.7

 

2.0

 

0.0

 

26.3

Transfers

 

–0.3

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

–0.3

Disposals

 

0.0

 

–6.3

 

–0.7

 

0.0

 

–0.1

 

–0.3

 

0.0

 

–7.4

Depreciation/impairment

 

–1.4

 

0.0

 

0.0

 

0.0

 

–1.7

 

0.0

 

0.0

 

–3.1

Revaluation

 

0.0

 

0.0

 

0.0

 

4.2

 

0.0

 

0.0

 

0.0

 

4.2

Net exchange differences

 

0.0

 

–1.0

 

–0.1

 

0.0

 

0.0

 

–0.1

 

0.0

 

–1.2

Carrying amount as of March 31, 2020

 

9.5

 

123.1

 

4.5

 

40.2

 

12.1

 

3.8

 

0.2

 

193.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

Loans granted comprise the following items:

 

 

03/31/2018

 

03/31/2019

 

03/31/2020

 

 

 

 

 

 

 

Loans to affiliates

 

0.3

 

0.1

 

0.0

Other loans

 

5.3

 

2.0

 

1.9

Other receivables from financing

 

0.4

 

0.1

 

1.9

 

 

6.0

 

2.2

 

3.8

 

 

 

 

 

 

 

In millions of euros


About voestalpine

In its business segments, voestalpine is a globally leading steel and technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions, it is a leading partner to the automotive and consumer goods industries as well as the aerospace and oil & gas industries, and is also the world market leader in railway systems, tool steel, and special sections. voestalpine is fully committed to the global climate goals and is working intensively to develop technologies which will allow it to decarbonize and reduce its CO2 emissions over the long term. In the business year 2019/20, the Group generated revenue of EUR 12.7 billion, with an operating result (EBITDA) of EUR 1.2 billion; it had about 49,000 employees worldwide.

Facts

50 Countries on all 5 continents
500 Group companies and locations
49,000 Employees worldwide

Earnings FY 2019/20

€ 12.7 Billion

Revenue

€ 1.2 Billion

EBITDA

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