Chrysler 2004 Annual Report Download - page 108

FIAT GROUP
02
106
Investments in other companies
Investments in other companies are as follows:
(in millions of euros) At 12/31/2004 At 12/31/2003
Other companies:
Other listed companies 93 158
Other unlisted companies 65 99
Total 158 257
Other listed companies principally comprise shares of Mediobanca S.p.A. for 93 million euros (93 million euros in 2003). During 2004
Edison S.p.A. shares have been sold that had a carrying value of 65 million euros at December 31, 2003.
Had the portfolio of the major listed stocks at December 31, 2004 been valued at fair value based on market prices, it would have
been approximately 75 million euros higher than the carrying value in the financial statements (approximately 59 million euros higher
than the carrying value at December 31, 2003).
No fair values have been determined for the Other unlisted companies as this type of calculation would require a significant effort
which would outweigh the benefits of obtaining such information.
Receivables
At 12/31/2004 At 12/31/2003
Of which Of which
Due within Due beyond due beyond Due within Due beyond due beyond
(in millions of euros) one year one year 5 year Total one year one year 5 year Total
Receivables from others 18 1 – 19 425 229
Total Receivables 18 1 – 19 425 229
Financial receivables held as fixed assets are shown net of the allowances for doubtful accounts of 3 million euros (5 million euros at
December 31, 2003), with a provision of 3 million euros during the year 2004.
Financial receivables recorded in the financial statements at December 31, 2004 and 2003 approximate their fair values which have
been calculated using the present value method, based on a discount rate which reflects market conditions, the duration and the risk
of insolvency.
Other securities
(in millions of euros) At 12/31/2004 At 12/31/2003 Change
Other securities 55 56 (1)
Other securities are shown in the financial statements net of the allowance for writedowns of 24 million euros (32 million euros at
December 31, 2003). The writedown refers to the adjustment of the securities to estimated realizable value.
At December 31, 2004, the carrying values are substantially in line with fair value.
Finance lease contracts receivable
Disposal Accumulated
Foreign Change in and Net amortization
Net amount Financial exchange the scope of Other amount and writedowns
(in millions of euros) 12/31/2003 Additions amortization effects consolidation changes 12/31/2004 12/31/2004
Finance lease contracts receivable 1,797 793 (557) (5) 4 (305) 1,727 1,192
Finance lease contracts receivable refer to vehicles sold by the Automotive Sectors under finance leases.
Finance lease contracts receivable do not include vehicles on operating leases, which are included under Property, plant
and equipment.