Chrysler 2005 Annual Report Download - page 231

230 Fiat S.p.A. Financial Statements at December 31, 2005 - N otes to the Financial Statements
03 Fiat S.p.A.
The table below shows the changes that affected stockholders’ equity in 2003, 2004 and 2005:
Revaluation Retained
reserve Treasury earnings N et
Additional under Law stock O ther / losses income
Capital paid-in N o. 413 of Legal valuation reserves carried (loss) for
(in millions of euros) Total stock capital 12/30/91 reserve reserve (* ) forward the fiscal year
Balance at December 31, 2002 5,933.6 3,082.1 2,327.1 22.6 659.3 20.4 1,111.6 763.1 (2,052.6)
Coverage of the loss for fiscal 2002
through recourse to a portion
of the additional paid-in capital – (2,052.6) 2,052.6
Utilisation of part of the reserve for
purchase of treasury shares with transfer
to treasury stock valuation reserve – 12.8 (12.8)
Transfer of part of treasury stock
valuation reserve to reserve for
purchase of treasury shares following
writedown of treasury stock – (5.1) 5.1
Allocation to additional paid-in capital
of the value of unexercised option
rights sold on the stock market 4.5 4.5
Capital increase from 3,082.1 million euros
to 4,918.1 million euros through issue of
ordinary shares as resolved by the Board
of D irectors on June 26, 2003 1,836.0 1,836.0
Loss for the year (2,358.8) (2,358.8)
Balance at December 31, 2003 5,415.3 4,918.1 279.0 22.6 659.3 28.1 1,103.9 763.1 (2,358.8)
Coverage of the loss for fiscal 2003 through
recourse to the additional paid-in capital – (279.0) 279.0
Coverage of the loss for fiscal 2003 through
recourse to portion of the legal reserve – (212.8) 212.8
Coverage of the loss for fiscal
2003 through recourse to:
Extraordinary reserve – (112.3) 112.3
Reserve for purchase of treasury shares – (971.9) 971.9
O ut-of-period income reserve under Article 55
of Presidential D ecree N o. 917 of 1986 – (1.9) 1.9
Reserve for capital grants under Article 102
of Presidential D ecree N o. 1523 of 1967 – (17.7) 17.7
Reserve for capital grants
under Regional Law N o. 19/84 – (0.1) 0.1
Coverage of the loss for fiscal 2003
through recourse to retained earnings – (763.1) 763.1
Transfer of part of treasury stock valuation
reserve to extraordinary reserve following
writedown of treasury stock – (1.6) 1.6
Loss for the year (949.1) (949.1)
Balance at December 31, 2004 4,466.2 4,918.1 – 22.6 446.5 26.5 1.6 – (949.1)
Capital increase from 4,918.1 million euros
to 6,377.2 million euros through issue of
ordinary shares as resolved by the Board
of D irectors on September 15, 2005 3,000.0 1,459.1 1,540.9
2004 loss carried forward – (949.1) 949.1
Transfer of part of treasury stock valuation
reserve to extraordinary reserve following
sale of treasury stock on the stock exchange – (0.3) 0.3
Transfer of part of extraordinary reserve
to treasury stock valuation reserve following
restoration of value of treasury stock – 1.6 (1.6)
Income for the year 223.0 223.0
Balance at D ecember 31, 2005 7,689.2 6,377.2 1,540.9 22.6 446.5 27.8 0.3 (949.1)223.0