KION performance share plan
As part of the KION GROUP AG performance share plan, the Executive Board members are allocated virtual shares over a fixed period (two-and-a-half years for the 2013 tranche and three years for all subsequent tranches). The total carrying amount for liabilities in connection with share-based remuneration (2013 tranche) as at 30 September 2014 was €3.2 million (31 December 2013: €1.2 million). A liability of €1.2 million in respect of the new tranche allocated on 1 January 2014 was recognised as a pro-rata expense for nine months in the period January to September 2014.