Chrysler 2003 Annual Report Download - page 164

163 Fiat S.p.A. Financial Statements at December 31, 2003
Notes to the Financial Statements
The table below shows the changes that affected stockholders’ equity in 2002 and 2003:
Revaluation Net
Additional reserve under Treasury stock income/(loss)
Capital paid-in Law No. 413 Legal valuation Other Retained for the
(in millions of euros) Total stock capital of 12/30/91 reserve reserve reserves (*) earnings fiscal year
Balance at December 31, 2001 7,168.8 2,753.0 1,636.0 22.6 659.3 37.6 1,094.4 587.2 378.7
Allocation of net income for the 2001 fiscal year:
Dividends paid to Stockholders (202.8) (202.8)
Transfer of the remaining net income – 175.9 (175.9)
Utilization of part of the reserve for
purchase of treasury shares with transfer
to treasury stock valuation reserve – 3.5 (3.5)
Transfer of part of treasury stock valuation
reserve to reserve for purchase of treasury
shares following writedown of treasury stock – (20.4) 20.4
Transfer of part of treasury stock valuation
reserve to reserve for purchase of treasury
shares for assignment of shares to the
Chairman of the Board of Directors – (0.3) 0.3
Transfer of part of extraordinary reserve to (18.7) (18.7)
reserve for purchase of treasury shares 18.7 18.7
Capital increase from 2,753 million euros to
3,082.1 million euros through issue of shares
with a share premium as resolved by the
Board of Directors on December 10, 2001 1,020.2 329.1 691.1
Loss for the year (2,052.6) (2,052.6)
Balance at December 31, 2002 5,933.6 3,082.1 2,327.1 22.6 659.3 20.4 1,111.6 763.1 (2,052.6)
Coverage of the loss for fiscal 2002 2,052.6 2,052.6
through recourse to a portion of the
additional paid-in capital (2,052.6) (2,052.6)
Utilization of part of the reserve for
purchase of treasury shares with transfer
to treasury stock valuation reserve – 12.8 (12.8)
Transfer of part of treasury stock valuation
reserve to reserve for purchase of treasury
shares following writedown of treasury stock – (5.1) 5.1
Allocation to additional paid-in capital
of the value of unexercised option
rights sold on the stock market 4.5 4.5
Capital increase from 3,082.1 million euros
to 4,918.1 million euros through issue of
ordinary shares as resolved by the Board
of Directors on June 26, 2003 1,836.0 1,836.0
Loss for the year (2,358.8) (2,358.8)
Balance at December 31, 2003 5,415.3 4,918.1 279.0 22.6 659.3 28.1 1,103.9 763.1 (2,358.8)
(*) Broken down as follows 12/31/03 12/31/02
Extraordinary reserve 112.3 112.3
Out-of-period income reserve under Article 55
of Presidential Decree No. 917 of 12/22/86 1.9 1.9
Reserve for capital grants under Article 102
of Presidential Decree No. 1523 of 6/30/67 17.7 17.7
Reserve for capital grants under Regional Law No. 19/84 0.1 0.1
Reserve for purchase of treasury shares 971.9 979.6
Total 1,103.9 1,111.6