Chrysler 2004 Annual Report Download - page 189

187
Financial Statements at December 31, 2004 – Notes to the Financial Statements
Payables to controlling company
These total 234 thousand euros at December 31, 2004, with an increase by the same amount with respect to December 31, 2003.
They refer almost entirely to recovery of the expenses incurred by the controlling company on behalf of Fiat S.p.A.
Taxes payable
At December 31, 2004, taxes payable totaled 8,987 thousand euros, a net decrease of 1,715 thousand euros from the figure
at December 31, 2003. A breakdown is as follows:
(in thousands of euros) 12/31/04 12/31/03 Change
VAT payable 5,672 5,866 (194)
Taxes withheld on payments to employees and independent contractors 2,887 2,624 263
Liability for substitute tax payable on the capital gain from the sale of IN.TE.SA.
(Legislative Decree No. 358/1997) – 1,747 (1,747)
Miscellaneous items 428 465 (37)
Total taxes payable 8,987 10,702 (1,715)
Social security payable
This item totaled 2,797 thousand euros at December 31, 2004, an increase of 453 thousand euros from December 31, 2003.
Other payables
At December 31, 2004, other payables amounted to 26,484 thousand euros, for a net year-on-year increase of 7,486 thousand euros.
A breakdown is provided below:
(in thousands of euros) 12/31/04 12/31/03 Change
Former Chief Executive Officer for retirement incentives to be paid in installments over 20 years 6,063 6,310 (247)
Employees for fees to be paid 10,187 2,356 7,831
Payables to employees who left the Company 7,472 5,963 1,509
Payables to stockholders of Toro Assicurazioni S.p.A., Magneti Marelli S.p.A.
and Comau S.p.A. for public offerings 869 869 –
Dividends payable 315 449 (134)
Miscellaneous payables 1,578 3,051 (1,473)
Total other payables 26,484 18,998 7,486
Finally, in regard to payables posted on the balance sheet, note that:
■The amount of payables to foreign entities are not significant.
■Payables with a residual term of more than five years amount to 10,623 thousand euros.