5. Income from entities consolidated according to the equity method

 

 

2019/20

 

2020/21

 

 

 

 

 

Income from associates

 

10.2

 

13.6

Expenses from associates

 

–0.1

 

–0.2

Income from joint ventures

 

0.8

 

0.3

Expenses from joint ventures

 

0.0

 

–0.1

 

 

10.9

 

13.6

 

 

 

 

 

In millions of euros

Income from associates is primarily attributable to METALSERVICE S.P.A., APK-Pensionskasse Aktien­gesellschaft, Industrie-Logistik-Linz GmbH, Scholz Austria GmbH, and Kocel Steel Foundry Co., Ltd. All income from entities consolidated according to the equity method concerns the prorated annual profit.

Equity
Assets made available to a corporation by the owners through deposits and/or contributions or from retained profits.