These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2023, for the first half of the business year 2023/24 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 2023. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2022/23, 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 2023/24:
Standard |
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Content |
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Effective date1 |
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IFRS 17 |
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Insurance Contracts |
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January 1, 2023 |
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IAS 1, amendments |
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Disclosure of Accounting Policies |
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January 1, 2023 |
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IAS 8, amendments |
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Definition of Accounting Estimates |
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January 1, 2023 |
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IAS 12, amendments |
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Deferred Tax related to Assets and Liabilities arising from a Single Transaction |
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January 1, 2023 |
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IFRS 17, amendments |
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Initial Application of IFRS 17 and IFRS 9 – Comparative Information |
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January 1, 2023 |
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IAS 12, amendments |
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International Tax Reform – Pillar Two Model |
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January 1, 2023 |
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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, 2023, 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 2022/23 (reporting date: September 30, 2022).
The present Interim Consolidated Financial Statements have not been audited or reviewed by auditors.