31 Put options and compensation rights granted to noncontrolling interest shareholders

In the previous year, this balance sheet item consisted primarily of the present value of the cash settlement of €90.29 per share in accordance with section 305 of the Aktiengesetz (AktG – German Stock Corporation Act) offered to MAN shareholders in connection with the control and profit and loss transfer agreement. The put options granted to noncontrolling interest shareholders expired in the fiscal year. The liability for shares not tendered and for compensation payments remaining after these rights expired was reclassified directly to equity.

Further information can be found in the “Key Events” section.