Name of the subsidiary |
|
Domicile |
|
03/31/2019 |
|
03/31/2020 |
|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
voestalpine Tubulars GmbH & Co KG |
|
Kindberg, Austria |
|
|
|
|
Proportion of equity interests |
|
|
|
49.8875% |
|
49.8875% |
Proportion of equity interests held by non-controlling interests |
|
|
|
50.1125% |
|
50.1125% |
CNTT Chinese New Turnout Technologies Co., Ltd. |
|
Qinhuangdao, China |
|
|
|
|
Proportion of equity interests |
|
|
|
50.0000% |
|
50.0000% |
Proportion of equity interests held by non-controlling interests |
|
|
|
50.0000% |
|
50.0000% |
In the reporting period, the total of all non-controlling interests is EUR 136.7 million (March 31, 2019: EUR 165.8 million), of which EUR 63.6 million (March 31, 2019: EUR 87.7 million) is attributable to voestalpine Tubulars GmbH & Co KG and EUR 29.9 million (March 31, 2019: EUR 32.5 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 |
|
CNTT Chinese New Turnout Technologies Co., Ltd. |
||||
|---|---|---|---|---|---|---|---|---|
|
|
03/31/2019 |
|
03/31/2020 |
|
03/31/2019 |
|
03/31/2020 |
|
|
|
|
|
|
|
|
|
Non-current assets |
|
122.9 |
|
120.2 |
|
13.1 |
|
14.8 |
Current assets |
|
173.0 |
|
134.1 |
|
102.3 |
|
97.6 |
Non-current liabilities |
|
32.6 |
|
29.7 |
|
3.0 |
|
1.9 |
Current liabilities |
|
134.8 |
|
116.4 |
|
47.8 |
|
50.7 |
Net assets (100%) |
|
128.5 |
|
108.2 |
|
64.6 |
|
59.8 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
Summarized income statement |
||||||||
|
|
voestalpine Tubulars |
|
CNTT Chinese New Turnout Technologies Co., Ltd. |
||||
|---|---|---|---|---|---|---|---|---|
|
|
2018/19 |
|
2019/20 |
|
2018/19 |
|
2019/20 |
|
|
|
|
|
|
|
|
|
Revenue |
|
534.3 |
|
380.5 |
|
71.7 |
|
53.2 |
EBIT |
|
13.6 |
|
–15.9 |
|
25.6 |
|
17.4 |
Profit after tax |
|
10.8 |
|
–17.9 |
|
21.0 |
|
15.2 |
|
|
|
|
|
|
|
|
|
Attributable to: |
|
|
|
|
|
|
|
|
Equity holders of the parent |
|
5.4 |
|
–8.9 |
|
10.5 |
|
7.6 |
Non-controlling interests |
|
5.4 |
|
–9.0 |
|
10.5 |
|
7.6 |
|
|
|
|
|
|
|
|
|
Dividends paid to non-controlling interests |
|
0.0 |
|
1.7 |
|
14.2 |
|
9.0 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||
Summarized statement of cash flows |
||||||||
|
|
voestalpine Tubulars |
|
CNTT Chinese New Turnout Technologies Co., Ltd. |
||||
|---|---|---|---|---|---|---|---|---|
|
|
2018/19 |
|
2019/20 |
|
2018/19 |
|
2019/20 |
|
|
|
|
|
|
|
|
|
Cash flows from operating activities |
|
21.9 |
|
9.6 |
|
23.8 |
|
21.5 |
Cash flows from investing activities |
|
–16.5 |
|
–12.6 |
|
–1.9 |
|
–2.4 |
Thereof additions to/divestments of other financial assets |
|
0.1 |
|
0.0 |
|
0.0 |
|
0.0 |
Cash flows from financing activities |
|
–5.4 |
|
2.8 |
|
–17.2 |
|
–19.4 |
Net decrease/ |
|
0.0 |
|
–0.1 |
|
4.7 |
|
–0.3 |
|
|
|
|
|
|
|
|
|
In millions of euros |
||||||||