voestalpine AG
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      General information / accounting policies

      These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2022, for the first half of the business year 2022/23 were prepared in accordance with the International Financial Reporting Standards (IFRS)—as adopted by the European Union—pursuant to IAS 34, Interim Financial Reporting, as well as the interpretations of the International Financial Reporting Interpretations Committee (IFRS-IC), which require application in 2022. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2021/22, with the exception of the changes below.

      The following new and revised Standards and Interpretations were adopted for the first time in the business year 2022/23:

      Standard

       

      Content

       

      Effective date1

       

       

       

       

       

      IFRS 3, amendments

       

      Reference to the Conceptual Framework

       

      January 1, 2022

      IAS 16, amendments

       

      Property, Plant and Equipment – Proceeds before Intended Use

       

      January 1, 2022

      IAS 37, amendments

       

      Onerous Contracts – Cost of Fulfilling a Contract

       

      January 1, 2022

      Various standards, amendments

       

      Annual Improvements to International Financial Reporting Standards, 2018–2020 Cycle

       

      January 1, 2022

       

       

       

       

       

      1

      In accordance with EU endorsements, these Standards are applicable to reporting periods beginning on or after the effective date.

      The amendments and new versions of Standards and Interpretations did not have any material effect on the voestalpine Group’s net assets, financial position, and results of operations.

      Further information on the other principles of preparation is provided in the Consolidated Financial Statements as of March 31, 2022, on which these Interim Consolidated Financial Statements are based.

      The Interim Consolidated Financial Statements are presented in millions of euros (the functional currency of the parent company). The use of automated calculation systems may result in rounding differences that affect amounts and percentages.

      Unless otherwise stated, comparative information relates to the first half of the business year 2021/22 (reporting date: September 30, 2021).

      The present Interim Consolidated Financial Statements have not been audited or reviewed by auditors.

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