Business transactions in the form of deliveries and services are carried out with non-consolidated subsidiaries, joint ventures, and associated Group companies as part of operational activities. These business transactions are carried out exclusively based on normal market terms.
The volume of business transactions with associated companies and parties was similar to that reported in the Consolidated Financial Statements 2019/20. Neither the financial position nor the earnings of the voestalpine Group were materially affected during the first six months of the current business year.
Receivables are sold to core shareholders at arm’s length in connection with the first type of factoring agreement (see , for a description). As of September 30, 2020, these receivables amounted to a total of EUR 184.6 million (March 31, 2020: EUR 244.1 million).