Chrysler 2003 Annual Report Download - page 155
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154 Fiat S.p.A. Financial Statements at December 31, 2003
Notes to the Financial Statements
2 Property, plant and equipment
At December 31, 2003 and 2002, property, plant and equipment totaled 45,238 thousand euros and 48,174 thousand euros,
respectively. These amounts are net of accumulated depreciation of 17,910 thousand euros at December 31, 2003 and 16,364
thousand euros at December 31, 2002.
The net decrease of 2,936 thousand euros is the net effect of the following items:
(in thousands of euros)
Additions
New vehicles (786); purchase of furniture and equipment (812) 1,598
Disposals
sale of real estate (C.so Dante 102) (445)
sales of vehicles (397)
elimination of obsolete furniture and equipment (441)
Total disposals (1,283)
Provision for the fiscal year charged to accumulated depreciation (3,251)
Net change (2,936)
Depreciation taken in 2003 was computed using the following rates:
Depreciation rates
Buildings 3%
Plant and machinery 10%
Furniture 12%
Equipment 20%
Vehicles 25%
3 Financial fixed assets
Investments
This item totaled 7,282,132 thousand euros at December 31, 2003, down 768,062 thousand euros from December 31, 2002.
A breakdown of changes occurred during the year is provided in the following tables: