24. Consolidated statement of cash flows

The consolidated statement of cash flows was prepared using the indirect method. Cash and cash equivalents include cash on hand, cash at banks, and checks. The effects of changes in the scope of consolidation were eliminated and reported in the cash flows from investing activities.

 

 

2018/19

 

2019/20

 

 

 

 

 

Interest received

 

6.0

 

6.1

Interest paid

 

120.7

 

129.3

Taxes paid

 

232.2

 

137.9

 

 

 

 

 

In millions of euros

Interest received and paid as well as taxes paid are included in the cash flows from operating activities.

Non-cash expenses and income

 

 

2018/19

 

2019/20

 

 

 

 

 

Depreciation, amortization, impairment / reversal

 

771.7

 

1,278.8

Result from the sale of assets

 

–4.6

 

–15.9

Changes in pensions and other employee obligations, non-current provisions, and deferred taxes

 

124.8

 

–181.0

Other non-cash income and expenses

 

–46.8

 

4.7

 

 

845.1

 

1,086.6

 

 

 

 

 

In millions of euros

Cash flows from operating activities include dividend income of EUR 11.9 million (2018/19: EUR 16.5 million) from associates and joint ventures as well as other investments.

Cash flows from investing activities include inflows of cash and cash equivalents from acquisitions in the amount of EUR 2.3 million (2018/19: EUR 6.5 million) and outflows of acquisition costs in the amount of EUR 13.4 million (2018/19: EUR 2.0 million); for details, see chapter D. Acquisitions and other additions to the scope of consolidation. The disposal of subsidiaries resulted in an outflow of cash and cash equivalents from cash flows from investing activities of EUR 0.2 million (2018/19: EUR 0.0 million).

Cash flows from financing activities include dividends for non-controlling interests in the amount of EUR 21.0 million (2018/19: EUR 18.1 million).

The cash flows and non-cash changes in financial liabilities are presented below:

 

 

Balance as of April 1

 

Cash flows

 

Non-cash changes

 

Balance as of March 31

 

 

 

 

Increase in non-current financial liabilities

 

Repayment of non-current financial liabilities (including current maturities of long-term debt)

 

Repayment of lease liabilities

 

Change in current financial liabilities and other financial liabilities

 

Changes in the scope of consoli­dation

 

Foreign exchange effects

 

Reclassi­fications

 

Other changes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities 2018/19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current financial liabilities

 

2,775.0

 

789.2

 

–315.1

 

0.0

 

–0.5

 

0.0

 

40.1

 

–636.1

 

1.8

 

2,654.4

Current financial liabilities

 

1,302.2

 

0.0

 

–855.5

 

0.0

 

42.6

 

0.8

 

4.5

 

636.1

 

3.7

 

1,134.4

Non-current lease liabilities

 

8.6

 

0.0

 

0.0

 

–0.7

 

0.5

 

0.0

 

0.0

 

–1.4

 

0.4

 

7.4

Current lease liabilities

 

13.3

 

0.0

 

0.0

 

–6.8

 

0.0

 

0.0

 

0.0

 

1.4

 

0.0

 

7.9

Total financial liabilities

 

4,099.1

 

789.2

 

–1,170.6

 

–7.5

 

42.6

 

0.8

 

44.6

 

0.0

 

5.9

 

3,804.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial liabilities 2019/20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-current financial liabilities

 

2,654.3

 

1,157.8

 

–150.7

 

0.0

 

–0.6

 

0.0

 

16.6

 

–159.7

 

3.0

 

3,520.7

Current financial liabilities

 

1,134.4

 

0.0

 

–635.7

 

0.0

 

56.4

 

4.3

 

–9.2

 

159.7

 

0.0

 

709.9

Non-current lease liabilities

 

400.4

 

0.0

 

0.0

 

–0.9

 

1.2

 

0.2

 

–2.2

 

–45.4

 

15.7

 

369.1

Current lease liabilities

 

51.3

 

0.0

 

0.0

 

–52.6

 

–1.4

 

0.0

 

–0.7

 

45.4

 

2.1

 

44.1

Total financial liabilities

 

4,240.4

 

1,157.8

 

–786.4

 

–53.5

 

55.6

 

4.5

 

4.5

 

0.0

 

20.8

 

4,643.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

The additions to assets due to finance lease activities contain non-cash investments in the amount of EUR 32.8 million (2018/19: EUR 0.4 million).


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

To the Top
Close