12. Investments in entities consolidated according to the equity method, other financial assets and other equity investments

 

 

Investments in affiliates

 

Investments in associates

 

Investments in joint ventures

 

Other investments

 

Securities

 

Loans

 

Advance payments

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

23.5

 

159.0

 

4.4

 

48.1

 

13.3

 

2.4

 

0.1

 

250.8

Accumulated depreciation/revaluation

 

–13.9

 

–0.7

 

0.0

 

–2.8

 

0.1

 

–0.5

 

0.0

 

–17.8

Carrying amount as of April 1, 2022

 

9.6

 

158.3

 

4.4

 

45.3

 

13.4

 

1.9

 

0.1

 

233.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

18.7

 

296.6

 

4.2

 

48.0

 

14.1

 

3.1

 

0.1

 

384.8

Accumulated depreciation/revaluation

 

–9.7

 

–30.8

 

0.0

 

0.0

 

–1.0

 

–0.6

 

0.0

 

–42.1

Carrying amount as of March 31, 2023

 

9.0

 

265.8

 

4.2

 

48.0

 

13.1

 

2.5

 

0.1

 

342.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

20.2

 

296.7

 

4.3

 

48.0

 

13.7

 

3.3

 

0.1

 

386.3

Accumulated depreciation/revaluation

 

–9.9

 

–32.5

 

0.0

 

2.4

 

0.1

 

–0.6

 

0.0

 

–40.5

Carrying amount as of March 31, 2024

 

10.3

 

264.2

 

4.3

 

50.4

 

13.8

 

2.7

 

0.1

 

345.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

In the business year 2022/23, investments in associates rose substantially due to the initial at-equity consolidation of the ArcelorMittal Texas HBI Group. For further information, see F. Investments in associates and joint ventures.

The following table shows the reconciliation of the carrying amounts of investments in entities consolidated according to the equity method, other financial assets, and other investments for the periods presented in the Consolidated Financial Statements as of March 31, 2024:

 

 

Investments in affiliates

 

Investments in associates

 

Investments in joint ventures

 

Other investments

 

Securities

 

Loans

 

Advance payments

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying amount as of April 1, 2022

 

9.6

 

158.3

 

4.4

 

45.3

 

13.4

 

1.9

 

0.1

 

233.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidation

 

0.0

 

134.4

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

134.4

Additions

 

0.0

 

27.6

 

0.0

 

0.0

 

0.2

 

0.7

 

0.0

 

28.5

Transfers

 

–0.3

 

0.0

 

0.0

 

0.0

 

0.6

 

0.0

 

0.0

 

0.3

Disposals

 

–0.3

 

–19.7

 

0.0

 

–0.1

 

0.0

 

–0.1

 

0.0

 

–20.2

Depreciation/impairment

 

0.0

 

–31.6

 

0.0

 

0.0

 

–1.1

 

0.0

 

0.0

 

–32.7

Revaluation

 

0.0

 

1.5

 

0.0

 

2.8

 

0.0

 

0.0

 

0.0

 

4.3

Net exchange differences

 

0.0

 

–4.7

 

–0.2

 

0.0

 

0.0

 

0.0

 

0.0

 

–4.9

Carrying amount as of March 31, 2023

 

9.0

 

265.8

 

4.2

 

48.0

 

13.1

 

2.5

 

0.1

 

342.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the scope of consolidation

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

 

0.0

Additions

 

0.0

 

13.0

 

0.3

 

0.0

 

0.0

 

0.4

 

0.0

 

13.7

Transfers

 

1.5

 

0.0

 

0.0

 

0.0

 

0.1

 

0.0

 

0.0

 

1.6

Disposals

 

0.0

 

–13.9

 

0.0

 

0.0

 

–0.5

 

–0.2

 

0.0

 

–14.6

Depreciation/impairment

 

–0.2

 

0.0

 

0.0

 

–0.1

 

0.0

 

0.0

 

0.0

 

–0.3

Revaluation

 

0.0

 

0.0

 

0.0

 

2.5

 

1.1

 

0.0

 

0.0

 

3.6

Net exchange differences

 

0.0

 

–0.7

 

–0.2

 

0.0

 

0.0

 

0.0

 

0.0

 

–0.9

Carrying amount as of March 31, 2024

 

10.3

 

264.2

 

4.3

 

50.4

 

13.8

 

2.7

 

0.1

 

345.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In millions of euros

Loans granted comprise the following items:

 

 

03/31/2022

 

03/31/2023

 

03/31/2024

 

 

 

 

 

 

 

Loans to affiliates

 

0.0

 

0.0

 

0.0

Other loans

 

1.8

 

1.9

 

1.9

Other receivables from financing

 

0.1

 

0.6

 

0.8

 

 

1.9

 

2.5

 

2.7

 

 

 

 

 

 

 

In millions of euros

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