Chrysler 2003 Annual Report Download - page 102

101 Fiat Group Consolidated Financial Statements at December 31, 2003
Notes to the Consolidated Financial Statements
13 Accrued expenses and deferred income
(in millions of euros) At 12/31/2003 At 12/31/2002
Commercial accrued expenses:
Accrued interest and commissions 71 54
Other 504 516
Total Commercial accrued expenses 575 570
Commercial deferred income:
Interest 62 76
Other 692 853
Total Commercial deferred income 754 929
Financial accrued expenses 593 785
Financial deferred income 363 1,135
Total Accrued expenses and deferred income 2,285 3,419
Financial accrued expenses include interest expense on financial payables for the portion relating to the current year.
Financial deferred income includes deferred interest income on the portfolio of the financial services companies. The change
from December 31, 2002 is principally due to the change in the scope of consolidation for 751 million euros.
14 Memorandum accounts
Guarantees granted
(in millions of euros) At 12/31/2003 At 12/31/2002
Guarantees granted
Unsecured guarantees
Suretyships:
on behalf of associated companies 10 22
on behalf of others 3,050 1,616
Total Suretyships 3,060 1,638
Guarantees of notes:
on behalf of others 259 315
Total Guarantees of notes 259 315
Other unsecured guarantees:
on behalf of associated companies 295 352
on behalf of others 2,780 3,021
Total Other unsecured guarantees 3,075 3,373
Total Unsecured guarantees 6,394 5,326
Secured guarantees
on behalf of others 36 316
Total Secured guarantees 36 316
Total Guarantees granted 6,430 5,642