Chrysler 2005 Annual Report Download - page 151

150 Appendix 1 Transition to International Financial Reporting Standards (IFRS)
02 Fiat Group
Effects of transition to IFRS on the Consolidated Balance Sheet at December 31, 2004
Italian
(in millions of euros) GAAP Reclassifications Adjustments IAS/IFRS
Intangible fixed assets: 3,322 – 2,256 5,578 Intangible assets:
Goodwill 2 ,140 –172,157 Goodwill
Other intangible fixed assets 1,182 – 2,239 3 ,421 Other intangible assets
Property, plant and equipment 9,537 (874) 774 9,437 Property, plant and equipment
Property, plant and equipment 8,709 (46) – –
Operating leases 82 8 (828) – –
46 – 46 Investment property
Financial fixed assets 3,779 86 160 4,025 Investment and other financial assets
Financial receivables held as fixed assets 19 (19) – –
828 (88) 740 Leased assets
Deferred tax assets 2,161 – 241 2,402 D eferred tax assets
Total N on-current assets 18,818 67 3,343 22,228 N on-current assets
N et inventories 5,972 – 1,285 7,257 Inventories
Trade receivables 4,777 (755) 1,469 5,491 Trade receivables
9,662 7,836 17,498 Receivables from financing activities
O ther receivables 3,021 (508) 221 2,734 O ther receivables
398 (103) 295 Accrued income and prepaid expenses
1,237 Current financial assets:
33 – 33 Current equity investments
135 218 353 Current securities
599 252 851 Other financial assets
Financial assets not held as fixed assets 117 (117)
Financial lease contracts receivable 1,727 (1,727) – –
Financial receivables 7,151 (7,151) – –
Securities 2,126 (2,126) – –
Cash 3,164 1,896 707 5,767 Cash and cash equivalents
Total Current assets 28,055 339 11,885 40,279 Current assets
Trade accruals and deferrals 398 (398) – –
Financial accruals and deferrals 327 (327) – –
15 15 Assets held for sale
TOTAL ASSETS 47,598 (319)15,243 62,522 TOTAL ASSETS
Stockholders’ equity 5,757 –(829)4,928 Stockholders’ equity
7,290 Provisions:
Reserves for employee severance indemnities 1,286 1,432 964 3 ,682 Employee benefits
Reserves for risks and charges 5,185 (1,449) (128) 3,608 Other provisions
Deferred income tax reserves 197 (197) – –
Long-term financial payables 8,933 9,611 13,647 32,191 D ebt:
10,174 Asset-backed financing
22,01 7 Other debt
Total N on-current liabilities 15,601 9,397 ––
629 (426) 203 O ther financial liabilities
Trade payables 11,955 – (258) 11,697 Trade payables
O thers payables 2,565 – 1,996 4,561 O ther payables
Short-term financial payables 9,810 (9,810) – –
Total Current liabilities 24,330 (9,181)––
197 325 522 D eferred tax liabilities
Trade accruals and deferrals 1,178 – (48) 1,130 Accrued expenses and deferred income
Financial accruals and deferrals 732 (732) – –
– Liabilities held for sale
TOTAL LIABILITIES AN D STO CKHO LDERS’ 47,598 (319)(829)62,522 TOTAL STO CKHO LDERS’ EQ UITY
EQ UITY AN D LIABILITIES