These Interim Consolidated Financial Statements of voestalpine AG as of September 30, 2017, for the first half of the business year 2017/18 were prepared in accordance with IAS 34 – Interim Financial Reporting. The accounting policies are unchanged from the Consolidated Financial Statements for the business year 2016/17.
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 2017/18 |
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Standard |
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Content |
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Effective date1 |
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IAS 12, amendments |
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Recognition of Deferred Tax Assets for Unrealized Losses |
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January 1, 20171 |
IAS 7, amendments |
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Disclosure Initiative |
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January 1, 20171 |
Various standards, amendments |
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Annual Improvements to International Financial Reporting Standards, 2014 – 2016 Cycle |
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January 1, 2018/ |
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The changes had not yet been adopted by the EU by the date on which the financial statements were prepared. 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.
Further information on the other principles of preparation is provided in the Consolidated Financial Statements as of March 31, 2017, 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 2016/17 (reporting date: September 30, 2016).
The present Interim Consolidated Financial Statements have not been audited or reviewed by auditors.
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