Chrysler 2005 Annual Report Download - page 228

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Fiat S.p.A. Financial Statements at D ecember 31, 2005 - N otes to the Financial Statements
The net increase of 1,297 thousand euros with respect to D ecember 31, 2004 can be broken down as follows:
(in thousands of euros)
Disposals (315)
Revaluation for partial restoration of value 1,612
N et change 1,297
The revaluation for partial restoration of value (mainly reflecting the writedown recorded in 2004) was made following the increase in market
value during 2005, within the limits allowed by the treasury stock valuation reserve recorded in stockholders’ equity. O n the basis of the
market value at December 30, 2005, the value of treasury stock would be equal to 31,764 thousand euros.
Financial receivables
This item totalled 3,058,299 thousand euros at D ecember 31, 2005, compared with 2,320,581 thousand euros at the end of 2004.
This item consists of a fixed rate (4.41%) loan of 2,700,000 thousand euros, due on January 16, 2006, provided to the subsidiary Fiat Ge.Va.
S.p.A, and liquidity left on deposit with this same company (358,299 thousand euros).The net increase of 737,718 thousand euros with respect
to December 31, 2004 is the result of cash flows for 2005 which benefited from the receipt of 1,135 million euros from General Motors.
7. Cash
Bank and post office accounts
This item, which at the end of D ecember 31, 2005 amounted to 345 thousand euros, showed an increase of 20 thousand euros with respect
to December 31, 2004.
Cheques
At December 31, 2005, cheques amounted to 150 thousand euros.At December 31, 2004 there were no cheques.
Cash on hand
There was no cash on hand at D ecember 31, 2005.
8.Accrued income and prepaid expenses
Accrued income
At 10,560 thousand euros, accrued income showed an increase of 8,207 thousand euros from the amount at December 31, 2004. O f this
amount, 9,592 thousand euros represent accrued interest on the loan granted to the subsidiary Fiat Ge.Va. S.p.A.