Chrysler 2005 Annual Report Download - page 147

146 Fiat Group Consolidated Financial Statements at D ecember 31, 2005 - N otes to the Consolidated Financial Statements
02 Fiat Group
35. O ther information
The income statement includes personnel costs for 6,158 million euros in 2005 (6,167 million euros in 2004).
An analysis of the average number of employees by category is provided as follows:
2005 2004
Average number of employees
Managers 2,595 2,644
W hite-collar 54,489 53,783
Blue-collar 112,987 105,589
To t al 170,071 162,016
The aggregate expense incurred in 2005 and accrued at year end for the compensation of key management personnel of the Group amounts
to approximately 12 million euros (approximately 12 million euros in 2004).This amount is inclusive of the following:
the provision charged by the Group in respect of mandatory severance indemnity, amounting to 0.7 million euros (0.7 million euros in 2004);
the amount contributed by the Fiat Group to a defined contribution fund, amounting to 0.3 million euros in 2005 (0.3 million euros in 2004);
the amount contributed by the Fiat Group to a special defined benefit plan for certain senior executives (the Individual Top Hat Scheme)
amounting to 0.9 million euros in 2005 (0.6 million euros in 2004).
36.Translation of financial statements denominated in a currency other than the euro
The principal exchange rates used in 2005 and 2004 to translate into euros the financial statements prepared in currencies other than the
euros were as follows:
At At
Average December Average December
2005 31, 2005 2004 31, 2004
U.S. dollar 1.244 1.180 1.244 1.362
Pound sterling 0.684 0.685 0.679 0.705
Swiss franc 1.548 1.555 1.544 1.543
Polish zloty 4.023 3.860 4.526 4.084
Brazilian real 3.027 2.761 3.635 3.615
Argentine peso 3.637 3.589 3.664 4.045
37. Emoluments to directors and statutory auditors
The fees of the D irectors and Statutory Auditors of Fiat S.p.A. for carrying out their respective functions, including those in other consolidated
companies, are as follows:
2005 2004
(in thousands of euros) Fiat S.p.A. Subsidiaries Total Fiat S.p.A. Subsidiaries Total
Directors 8,633 7,640 16,273 5,128 7,167 12,295
Statutory auditors 147 30 177 147 30 177
Total Emoluments 8,780 7,670 16,450 5,275 7,197 12,472
Turin, February 28, 2006
The Board of D irectors
By:
Luca Cordero di Montezemolo
Chairman