Chrysler 2003 Annual Report Download - page 64

Dear Stockholders,
The Statutory Financial Statements at December 31, 2003
show a loss of 2,358,789,924 euros. We propose that this loss
be fully covered through recourse to the following items of
stockholders’ equity.
Retained earnings 763,109,624
Additional paid-in capital 278,962,232
Other reserves 1,103,939,820
- Extraordinary reserve 112,253,587
- Reserve for purchase of treasury shares 971,955,430
- Out-of-period income reserve under
Art. 55 of Presidential Decree No. 917
of December 22, 1986 (Art. 18 of Law
No. 675 of August 12, 1977) 1,914,925
- Reserve for capital grants under
Art. 102 of Presidential Decree
No.1523 of June 30, 1967 17,693,098
- Reserve for capital grants
under Regional Law 19/84 122,780
Legal reserve 212,778,248
Total 2,358,789,924
After said utilization the legal reserve amounts to 446,561,763,
and the allocation of 1 billion euros to the reserve for purchase
of treasury shares, approved by the Stockholders’ Meeting of
May 13, 2003, is reduced to 28,044,570 euros, equal to the
Treasury stock valuation reserve.
Turin, March 26, 2004
The Board of Directors
By:
Umberto Agnelli
Chairman
63 Report on Operations
Motion to Cover the Loss for Fiscal 2003