Annual Report 2017

25. Non-Controlling Interest

in thousands of EUR

2017

2016

At 1 January

59,667

53,255

Acquisition of subsidiary

14,678

-

Result for the year

21,038

20,593

Dividends paid

- 11,452

- 10,932

Acquisition of non-controlling interest

109

-

Remeasurement of post-employment benefit obligation

- 17

- 97

Cash flow hedge reserve

297

- 83

Currency translation differences

- 2,840

- 3,069

At 31 December

81,480

59,667

The increase in non-controlling interests in 2017 relates mainly to the acquisition of Visilab. See note 6 for more details.

The financial information for the Synoptik Group (non-controlling interest of 36.71%) is as follows:

in thousands of EUR

31 December 2017

31 December 2016

Summarized Balance Sheet:

Non-current assets

97,971

99,956

Current assets

98,271

71,790

Equity

127,146

113,254

Non-current liabilities

5,493

5,782

Current liabilities

63,603

52,710

The accumulated non-controlling interest for the Synoptik Group amounts to €46,675 (2016: €41,575).

The financial information for Visilab (non-controlling interest of 21%) is as follows:

in thousands of EUR

31 December 2017

Summarized Balance Sheet:

Non-current assets

125,170

Current assets

27,440

Equity

73,195

Non-current liabilities

47,234

Current liabilities

32,181

The accumulated non-controlling interest for Visilab amounts to €15,936 (2016: none).