Chrysler 2005 Annual Report Download - page 235

234 Fiat S.p.A. Financial Statements at December 31, 2005 - N otes to the Financial Statements
03 Fiat S.p.A.
Social security payable
This item totalled 1,717 thousand euros at December 31, 2005, a decrease of 1,080 thousand euros from December 31, 2004.
Other payables
At December 31, 2005, other payables amounted to 22,607 thousand euros, for a net year-on-year decrease of 3,877 thousand euros.A
breakdown is provided below:
(in thousands of euros) At 12.31.05 At 12.31.04 Change
Former Chief Executive O fficer for retirement incentives
to be paid in instalments over 20 years 5,807 6,063 (256)
Directors and employees for fees to be paid 6,191 10,187 (3,996)
Payables to employees who left the Company 8,432 7,472 960
Payables to stockholders of Toro Assicurazioni S.p.A.,
Magneti Marelli S.p.A. and Comau S.p.A. for public offerings 864 869 (5)
Dividends payable 247 315 (68)
Miscellaneous payables 1,066 1,578 (512)
Total other payables 22,607 26,484 (3,877)
Finally, in regard to payables posted in the balance sheet, it should be noted that:
The amount of payables to foreign entities is not significant.
Payables with a residual term of more than five year amount to 10,561 thousand euros.
13.Accrued expenses and deferred income
Accrued expenses
The balance of 503 thousand euros at D ecember 31, 2005 is 129,147 thousand euros lower than the figure at December 31, 2004.
A breakdown of this item is provided below:
(in thousands of euros) At 12.31.05 At 12.31.04 Change
Interest on the Mandatory Convertible Facility –30,258 (30,258)
Commissions on the Mandatory Convertible Facility –98,951 (98,951)
Interest due to Intermap (N ederland) B.V. 434 395 39
O ther 69 46 23
Total accrued expenses 503 129,650 (129,147)