23. Non-Controlling Interest

in thousands of EUR

2014

2013

Balance at 1 January

44,366

42,444

Acquisition of subsidiaries

- 999

-

Acquisition of NCI

-

- 2,745

Result for the year

13,358

14,442

Dividends paid

- 9,914

- 8,083

Remeasurement of post-employment benefit obligation in OCI

- 95

3

Currency translation differences

- 1,389

- 1,695

Balance at 31 December

45,327

44,366

The acquisition of subsidiaries relates to the minority shareholding obtained in the acquisition of China and Turkey which had a negative equity upon acquisition.

The acquisition of non-controlling interest in 2013 represents the consideration transferred (cash paid and loan settled).

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

in thousands of EUR

31 December 2014

31 December 2013

Non-current assets

91,884

90,738

Current assets

43,467

41,527

Equity

86,527

78,000

Non-current liabilities

6,785

15,258

Current liabilities

42,040

39,007