[21] Equity-accounted investments

The KION Group reported equity-accounted investments with a total carrying amount of €73.6 million as at 31 December 2015 (31 December 2014: €114.6 million).

In 2014, the KION Group had held 30.0 per cent of the shares in Linde Hydraulics GmbH & Co. KG, Aschaffenburg (referred to below as Linde Hydraulics) through Linde Material Handling GmbH, Aschaffenburg. On 20 July 2015, the KION Group exercised the put option vis-à-vis Weichai Power Co., Ltd., Weifang, China (referred to below as Weichai Power) that it held via Linde Material Handling GmbH, Aschaffenburg, on 20.0 per cent of the shares in Linde Hydraulics. In December 2015, the 20.0 per cent of the shares in Linde Hydraulics of €41.0 million were legally transferred to Weichai Power for a purchase consideration of €77.4 million. The remaining 10.0 per cent of the shares in Linde Hydraulics continue to be accounted for under the equity method because the KION Group can continue to participate in financial and operating policy decisions as there have been no changes to its contractual rights relating to committee membership.

The residual carrying amount of the associates mainly resulted from the shares (10.0 per cent) in Linde Hydraulics and the shares (45.0 per cent) in Linde Leasing GmbH, Wiesbaden. The associates and joint ventures can be seen in the list of shareholdings (see note [47]). Their financial information is summarised below. > TABLES 063 – 064

The amounts in the tables are based on the share held by the KION Group in the relevant associate or joint venture.