F. Investments in associates and joint ventures

      Shares in immaterial joint ventures

      Profits from the joint ventures that are individually immaterial to voestalpine’s Consolidated Financial Statements are included using the equity method. Interests held are presented in the “Investments” appendix to the Notes. In each case, this information relates to the equity interests of the voestalpine Group in immaterial joint ventures and is broken down as follows:

       

       

      2020/21

       

      2021/22

       

       

       

       

       

      Group share of

       

       

       

       

      Profit after tax

       

      0.2

       

      –0.3

      Other comprehensive income

       

      0.0

       

      0.4

      Comprehensive income

       

      0.2

       

      0.1

       

       

       

       

       

      Carrying amount, immaterial joint ventures

       

      5.2

       

      4.4

       

       

       

       

       

      In millions of euros

      voestalpine Giesserei Linz GmbH holds an interest of 51.0% in Jiaxing NYC Industrial Co., Ltd. The entity’s Articles of Incorporation require at least one vote from the other partner for all material decisions (budget, investments). It is assumed, therefore, that control is not exercised over the entity despite the 51.0% interest.

      Shares in immaterial associates

      Profits from associates that are individually immaterial to the voestalpine Consolidated Financial Statements are included using the equity method. This information relates to the interests of the voestalpine Group in associates and is broken down as follows:

       

       

      2020/21

       

      2021/22

       

       

       

       

       

      Group share of

       

       

       

       

      Profit after tax

       

      13.5

       

      30.8

      Other comprehensive income

       

      –0.2

       

      2.9

      Comprehensive income

       

      13.3

       

      33.7

       

       

       

       

       

      Carrying amount, immaterial associates

       

      130.5

       

      158.3

       

       

       

       

       

      In millions of euros

      Associates and the interests in them are presented in the “Investments” appendix to the Notes.

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