Chrysler 2004 Annual Report Download - page 103

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101
Consolidated Financial Statements at December 31, 2004 – Notes to the Consolidated Financial Statements
3 Financial fixed assets
Investments
Change in Acquisitions Foreign Disposals
Value at Equity in Equity in the scope of and exchange and Other Value at
(in millions of euros) 12/31/2003 earnings losses consolidation
Capitalizations
effects changes 12/31/2004
Unconsolidated subsidiaries 435 11 (31) (13) 16 2 (184) 236
Associated companies 3,202 113 (70) 3 74 17 (9) 3,330
Other companies 257 1 (9) (3) 7 – (95) 158
Total Investments 3,894 125 (110) (13) 97 19 (288) 3,724
Equity in earnings and Equity in losses include the Group’s share of the income or the loss of companies accounted for using the
equity method. With regard to the companies accounted for at cost, Equity in losses includes the loss in value recorded in the year.
The negative Change in the scope of consolidation of 13 million euros, with reference to Investments in unconsolidated subsidiaries,
is due to the line-by-line consolidation of some minor subsidiaries.
The amounts included in “Acquisitions and Capitalizations” (97 million euros) are mainly related to the following acquisitions and
capitalizations:
■Investments in unconsolidated subsidiaries (16 million euros): capitalization of the company Fiat Auto S.A. de Ahorro para Fines
Determinados (6 million euros), acquisition of the company BMI S.p.A. (4 million euros) and other minor companies (6 million
euros);
■Investments in associated companies (74 million euros): acquisitions of the companies Maire Engineering S.p.A (35 million euros)
and Immobiliare Novoli S.p.A. (21 million euros); capitalization of the companies CNH Capital Europe S.A.S. (8 million euros),
CNH de Mexico SA de CV (5 million euros) and other minor companies (5 million euros);
■Investments in other companies (7 million euros): acquisition of the company Lingotto S.p.A. (3 million euros) and other minor
companies (4 million euros).
Disposals and Other changes, which show a decrease of 288 million euros, refer principally to:
■Investments in unconsolidated subsidiaries (-184 million euros): the change refers to the dividends distributed by BUC-Banca
Unione Credito;
■Investments in associated companies (-9 million euros): sale of the company Toro Targa Assicurazioni S.p.A. (-13 million euros)
and other minor companies (4 million euros);
■Investments in other companies (-95 million euros): the decrease is due to the sale of Edison S.p.A. shares for 65 million euros
and the sale of the company Gas Turbine Technologies S.p.A. for 6 million euros, the liquidation of Kish Receivables Company (21
million euros) and sales of other minor companies (3 million euros).