Disclosure of contingent liability linked to factoring indicates previous compliance failure Austrian steel manufacturer voestalpine discloses a contingent liability arising from risks retained in relation to trade receivables sold through factoring arrangements which indicates prior year compliance failure.
Significance of long-term growth assumptions for goodwill disclosed
Austrian steel company Voestalpine discloses that a decrease from 1% to zero in its assumed long-term growth rate would lead to €49.1 million goodwill impairment.
€1 billion subordinated bond recognised as equity instrument Austrian steel manufacturer Voestalpine issues a €1 billion subordinated bond with an indefinite term and recognises it as equity instrument following IFRS.