These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2018, for the first half of the business year 2018/19 were prepared in accordance with IAS 34 – Interim Financial Reporting. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2017/18.
The following new and revised standards and interpretations were in effect but had not yet been adopted for the first time in the business year 2018/19 |
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Standard |
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Content |
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Effective date1 |
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IFRS 9 |
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Financial Instruments |
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January 1, 2018 |
IFRS 15 |
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Revenue from Contracts with Customers |
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January 1, 2018 |
IFRS 15, clarifications |
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Clarifications to IFRS 15, Revenue from Contracts with Customers |
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January 1, 2018 |
IFRS 2, amendments |
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Classification and Measurement of Share-based Payment Transactions |
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January 1, 2018 |
IAS 1 and IAS 28, amendments |
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Annual Improvements to International Financial Reporting Standards, 2014–2016 Cycle |
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January 1, 2018 |
IAS 40, amendments |
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Transfers of Investment Property |
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January 1, 2018 |
IFRIC 22 |
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Foreign Currency Transactions and Advance Consideration |
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January 1, 2018 |
IFRS 4, amendments |
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Applying IFRS 9 with IFRS 4 |
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January 1, 2018 |
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From today’s perspective, the amendments and new versions of standards and interpretations are not expected to have any material effects on the voestalpine Group’s net assets, financial position, and results of operations. The disclosures resulting from the initial application of IFRS 9 and IFRS 15 follow below from the section entitled Changes in Accounting Policies.
Please see the financial statements as of March 31, 2018, for the expected effects from the initial application of IFRS 16 Leases. The implementation project has progressed on schedule; currently, the IT system is being put in place. So far, nothing has changed with respect to the estimates as of March 31, 2018, because the detailed analysis of the existent leases has not yet been completed.
Further information on the other principles of preparation is provided in the Consolidated Financial Statements as of March 31, 2018, 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 2017/18 (reporting date: September 30, 2017).
The present Interim Consolidated Financial Statements have not been audited or reviewed by auditors.
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