[25] Equity

Subscribed capital and capital reserves

As at the reporting date, the Company's subscribed capital was fully contributed and amounted to
€500 thousand and was unchanged from the prior year. Also, as in the previous year, capital reserves amounted to €348,483 thousand as at the reporting date.

Retained earnings

The development of retained earnings is shown in the consolidated statement of changes in equity.

Accumulated other comprehensive income

The accumulated other comprehensive income includes the currency translation differences arising from the translation of the financial statements of foreign subsidiaries, the effects of the fair value measurement of derivative financial instruments, gains and losses on equity investments, and the actuarial gains and losses in connection with defined benefit pension obligations.

Non-controlling interests

Non-controlling interests in companies in the KION Group amount to €7,070 thousand
(31 December 2009: €17,144 thousand).

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