[34] Other financial liabilities

With effect from 31 December 2015, the presentation of other financial assets and other financial liabilities was changed in order to make it more consistent with the presentation of other financial instrument disclosures in accordance with IFRS 7. To comply with IAS 1.55, the line items ‘Other assets’ and ‘Other liabilities’ were added to the statement of financial position as at 31 December 2015. These line items contain other assets and liabilities that are not covered by the scope of IFRS 7 and are thus shown separately from other financial assets and other financial liabilities. The figures for 2014 have been restated to reflect these disclosure changes. An explanation of other assets can be found in note [24]. Other liabilities are explained in note [35].

Other financial liabilities comprise the following items: > TABLE 087

On 20 July 2015, the KION Group exercised the put option that it held via Linde Material Handling GmbH, Aschaffenburg, on 20.0 per cent of the shares in Linde Hydraulics. This eliminated the corresponding call option 1 held by Weichai Power.

As at 31 December 2014, this call option had been recognised under non-current derivative financial instruments in the amount of €2.4 million. The current derivative financial instruments include a further call option on the remaining 10.0 per cent of the shares in Linde Hydraulics amounting to €0.6 million (2014: €0.6 million).

The finance lease obligations comprise liabilities arising from the financing of industrial trucks for short-term rental of €403.2 million (2014: €339.1 million) and residual value obligations of €17.8 million (2014: €18.5 million). The KION Group has also recognised other financial liabilities amounting to €18.1 million (31 December 2014: €15.6 million) arising from procurement leases, which are classified as finance leases due to their terms and conditions.

The finance lease obligations are based on the following future minimum lease payments: > TABLE 088