Chrysler 2005 Annual Report Download - page 136

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Fiat Group Consolidated Financial Statements at December 31, 2005 - N otes to the Consolidated Financial Statements
At December 31, 2005 the Group has outstanding financial lease agreements for certain property, plant and equipment whose net carrying
amount totalling 96 million euros (65 million euros at D ecember 31, 2004) is included in the item Property, plant and equipment (N ote 14).
Payables for finance leases included in the item Total other debt amount to 145 million euros at December 31, 2005 (120 million euros at
December 31, 2004) and are analysed as follows:
At December 31, 2005 At December 31, 2004
due between due between
due within one and five due beyond due within one and five due beyond
(in millions of euros) one year years five years Total one year years five years Total
Minimum future lease payments 79 59 17 155 21 91 13 125
Interest expense (4) (5) (1) (10) (1) (4) – (5)
Present value of minimum lease payments 75 54 16 145 20 87 13 120
Debt secured by mortgages on assets of the Group amounts to 710 million euros at December 31, 2005 (2,510 million euros at December
31, 2004), of which 145 million euros (120 million euros at D ecember 31, 2004) due to creditors for assets acquired under finance leases. O f
the amount at December 31, 2004, approximately 1.8 billion euros regarding the financing obtained as part of the Italenergia Bis operation was
extinguished in September 2005.The total carrying amount of assets acting as security for loans amounts to 872 million euros at December
31, 2005 (1,630 million euros at December 31, 2004, including of the investment in Italenergia Bis). In addition, it is recalled that the group’s
assets include current receivables and set-aside cash to be used for settling asset-backed financing of 10,210 million euros (10,174 million euros
at December 31, 2004).
29.Trade payables
An analysis by due date of trade payables at December 31, 2005 is as follows:
At December 31, 2005 At December 31, 2004
Due between Due between
Due within one and five Due beyond D ue within one and five D ue beyond
(in millions of euros) one year years five years Total one year years five years Total
Trade payables 11,773 4 – 11,777 11,654 43 – 11,697
The carrying amount of Trade payables is considered in line with their fair value at the balance sheet date.
30. O ther payables
An analysis of O ther payables at December 31, 2005 is as follows:
(in millions of euros) At December 31, 2005 At D ecember 31, 2004
Payables to personnel 483 428
Tax payables 969 764
Social security payables 354 325
Advances on buy-back agreements 2,171 1,941
O ther 844 1,103
Total O ther payables 4,821 4,561