The KION Group reported at-equity investments with a total carrying amount of €154,835 thousand as at 31 December 2012 (31 December 2011: €36,545 thousand). These associates and joint ventures are included in the list of shareholdings in the annex to these notes. Their key figures are as follows:
|
At-Equity investments | ||
|
€ thousand |
2012 |
2011 |
|
|
|
|
|
Associates (100 percent) |
|
|
|
|
|
|
|
Revenue |
569,374 |
540,068 |
|
Net income |
15,260 |
10,960 |
|
|
|
|
|
Assets |
1,073,037 |
576,103 |
|
Liabilities |
712,873 |
494,021 |
|
|
|
|
|
Joint ventures (100 percent) |
|
|
|
|
|
|
|
Revenue |
132,036 |
107,874 |
|
Net income |
4,764 |
5,612 |
|
|
|
|
|
Assets |
54,999 |
51,546 |
|
non-current assets |
24,209 |
25,115 |
|
current assets |
30,790 |
26,431 |
|
Liabilities |
30,225 |
26,223 |
|
non-current liabilities |
4,744 |
2,699 |
|
current liabilities |
25,481 |
23,524 |
The figures shown in the table are based on a notional 100 per cent investment.
The significant increase in the carrying amount of the associates mainly resulted from the remaining shares (30 per cent) in Linde Hydraulics, which were measured at their fair value of €116,143 thousand and will be accounted for using the equity method on a going-forward basis.
