Subsidiaries with material non-controlling interests

Name of the subsidiary

 

Domicile

 

09/30/2021

 

09/30/2022

 

 

 

 

 

 

 

voestalpine Tubulars GmbH & Co KG

 

Kindberg, Austria

 

 

 

 

Proportion of ownership

 

 

 

49.8875%

 

49.8875%

Proportion of ownership interests held by
non-controlling interests

 

 

 

50.1125%

 

50.1125%

CNTT Chinese New Turnout Technologies
Co., Ltd.

 

Qinhuangdao, China

 

 

 

 

Proportion of ownership

 

 

 

50.0000%

 

50.0000%

Proportion of ownership interests held by
non-controlling interests

 

 

 

50.0000%

 

50.0000%

As of September 30, 2022, the total of all non-controlling interests is EUR 170.5 million (September 30, 2021: EUR 126.6 million), of which EUR 70.4 million (September 30, 2021: EUR 36.4 million) is attributable to voestalpine Tubulars GmbH & Co KG and EUR 31.7 million (September 30, 2021: EUR 31.5 million) is attributable to CNTT Chinese New Turnout Technologies Co., Ltd. The remaining non-controlling interests, considered individually, can be deemed immaterial to the Group.

Summarized financial information for each subsidiary with non-controlling interests that are material to the Group is depicted in the following chart. The figures correspond to the amounts prior to the elimination of intra-Group transactions.

Summarized statement of financial position

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

09/30/2021

 

09/30/2022

 

09/30/2021

 

09/30/2022

 

 

 

 

 

 

 

 

 

Non-current assets

 

106.3

 

99.7

 

16.2

 

14.9

Current assets

 

156.0

 

222.1

 

97.2

 

97.5

Non-current liabilities

 

24.6

 

25.4

 

1.9

 

1.9

Current liabilities

 

178.8

 

172.9

 

48.3

 

47.2

Net assets (100%)

 

58.9

 

123.5

 

63.2

 

63.3

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized income statement

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

04/01–09/30/2021

 

04/01–09/30/2022

 

04/01–09/30/2021

 

04/01–09/30/2022

 

 

 

 

 

 

 

 

 

Revenue

 

193.7

 

374.7

 

40.1

 

37.2

EBIT

 

1.3

 

56.8

 

13.0

 

11.9

Profit after tax

 

0.0

 

53.1

 

11.5

 

10.5

 

 

 

 

 

 

 

 

 

Attributable to:

 

 

 

 

 

 

 

 

Equity holders of the parent

 

0.0

 

26.5

 

5.7

 

5.3

Non-controlling interests

 

0.0

 

26.6

 

5.7

 

5.3

 

 

 

 

 

 

 

 

 

Dividends paid to non-controlling interests

 

0.0

 

0.0

 

2.6

 

14.0

 

 

 

 

 

 

 

 

 

In millions of euros

Summarized statement of cash flows

 

 

voestalpine Tubulars GmbH & Co KG

 

CNTT Chinese New Turnout Technologies Co., Ltd.

 

 

04/01–09/30/2021

 

04/01–09/30/2022

 

04/01–09/30/2021

 

04/01–09/30/2022

 

 

 

 

 

 

 

 

 

Cash flows from operating activities

 

–17.3

 

24.3

 

2.6

 

5.7

Cash flows from investing activities

 

–5.4

 

–6.1

 

–0.3

 

–0.1

Thereof additions to/divestments of other financial assets

 

0.0

 

0.0

 

0.0

 

0.0

Cash flows from financing activities

 

22.7

 

–18.2

 

–17.8

 

–28.1

Net decrease/increase in cash and cash equivalents

 

0.0

 

0.0

 

–15.5

 

–22.5

 

 

 

 

 

 

 

 

 

In millions of euros