Noncontrolling Interests

3 Months Ended

Dec. 31, 2012

Noncontrolling Interest Disclosure [Text Block]

Noncontrolling Interests:

Noncontrolling interests in net assets and income reflected in the accompanying consolidated financial statements for 2012, 2011, and 2010 consist of:


a)	A 40% noncontrolling interest held by Agri-Fab, Inc. in Hydro-Gear Limited Partnership, a U.S. limited partnership.


b)	A 40% noncontrolling interest held by Shanghai Hydraulics and Pneumatics in Sauer Shanghai Hydraulic Transmission Co., Ltd., a Chinese equity business venture.


c)	A 35% noncontrolling interest held by Daikin Industries Ltd. in Sauer-Danfoss-Daikin, Ltd., a Japanese corporation.


d)	A 49.9% noncontrolling interest held by Topcon Positioning Systems in TSD Integrated Controls LLC, a U.S. limited partnership.


e)	A 55% noncontrolling interest held by Daikin Industries Ltd. in Daikin-Sauer-Danfoss Manufacturing, Ltd., a Japanese corporation.

The following table sets forth the components of noncontrolling interest in the consolidated balance sheets:



	December 31,
	2012		2011
Hydro-Gear Limited Partnership	$	25,640	$	23,720
Sauer Shanghai Hydraulic Transmission Co., Ltd.	27,710		31,097
Sauer-Danfoss-Daikin, Ltd. (1)	22,031		19,937
TSD Integrated Controls LLC (2)	459		(456		)
Daikin-Sauer-Danfoss Manufacturing, Ltd.	18,435		16,110
Total	$	94,275	$	90,408


(1)	On January 1, 2013 the shares of the noncontrolling interest partner were redeemed in connection with the joint venture restructuring discussed in Note 2. The operating activities of Sauer-Danfoss-Daikin, Ltd. were transferred to Daikin-Sauer-Danfoss Manufacturing, Ltd. on that same day.


(2)	In connection with the wind-down of the TSD joint venture discussed in Note 2 the noncontrolling interest partner had received distribution of assets in excess of their interest in the joint venture. There will be a settlement between the joint venture partners in 2013.

The Hydro-Gear Limited Partnership agreement indicates a termination date of December 31, 2035. This entity is consolidated in the Company's financial statements. The agreement indicates that if the partnership were to terminate the partnership would be liquidated and the resulting proceeds would be distributed in accordance with each partner's ownership percentage.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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