Chrysler 2005 Annual Report Download - page 152

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Appendix 1 Transition to International Financial Reporting Standards (IFRS)
Reconciliation of Stockholders’ Equity
(in millions of euros) At January 1, 2004 At December 31, 2004
Stockholders’ Equity under Italian GAAP 7,494 5,757
Development costs A1,876 2,320
Employee benefits B(1,247) (1,089)
Business combinations C–40
Revenue recognition – sales with a buy-back commitment D(180) (177)
Revenue recognition – other E(296) (375)
Scope of consolidation F(371) (390)
Property, plant and equipment G(164) (150)
W rite-off of deferred costs H(134) (115)
Impairment of assets I(169) (282)
Reserves for risks and charges L(195) (256)
Recognition and measurement of derivatives M450 145
Treasury stock N(32) (26)
Adjustments to the valuation of investments in associates P(152) (134)
Sales of receivables Q(69) (24)
O ther adjustments (243) (232)
Accounting for deferred income taxes R(8) (84)
Stockholders’ equity under IAS/IFRS 6,560 4,928
Details of the effects of transition to IFRS on the Balance sheet
The final section of this Appendix contains explanatory notes describing the main reconciling items between Italian GAAP and IFRS, which are
cross referenced to the following detailed analysis by means of the letters associated with each line item.
Goodwill
Adjustments
(in millions of euros) At January 1, 2004 At December 31, 2004
Business combinations - goodwill depreciation write-down C– 159
Business combinations - restatement of CN H purchase
accounting for deferred tax assets C– (121)
Business combinations - reinstatement of MMSE goodwill C– (21)
–17
Other intangible assets
Adjustments
(in millions of euros) At January 1, 2004 At December 31, 2004
Development costs A2,090 2,499
W rite-off of deferred costs H(288) (218)
Impairment of assets I– (10)
Recognition and measurement of derivatives - measurement
of borrowings at amortised cost M(28) (32)
1,774 2,239