Chrysler 2005 Annual Report Download - page 242

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Fiat S.p.A. Financial Statements at D ecember 31, 2005 - N otes to the Financial Statements
Interest and other financial expenses
Interest and other financial expenses amounted to 168,677 thousand euros in 2005, or 41,545 thousand euros less than in 2004.
A breakdown is provided below:
(in thousands of euros) 2005 2004
Subsidiaries
Interest and other financial expenses paid to:
Fiat Ge.Va. S.p.A. –8,327
Intermap (N ederland) B.V. 2,557 2,379
Total 2,557 10,706
Fees paid to:
Fiat Ge.Va. S.p.A. 5151
Interest from derivative financial instruments:
Intermap (N ederland) B.V. 380 6,830
Total subsidiaries 2,942 17,687
O thers
Interest paid on the Mandatory Convertible Facility 97,288 109,511
Fees paid on the Mandatory Convertible Facility 56,062 70,200
Interest expenses and charges for the sale of receivables 11,695 11,763
O ther charges 690 1,061
Total others 165,735 192,535
Total interest and other financial expenses 168,677 210,222
Foreign exchange gains and losses
N et foreign exchange losses totalled 58 thousand euros in 2005, with a net decrease of 341 thousand euros from 2004. The item includes a
net loss of 1 thousand euros that has not yet been realised, deriving from the adjustment of receivables and payables denominated in foreign
currency at the spot exchange rates on the closing date of the fiscal year.
18.Adjustments to financial assets
Revaluations of equity investments
This item totalled 526,753 thousand euros in 2005 for a change of the same amount with respect to 2004. It includes partial restoration of the
original book value of the investments held in Fiat N etherlands Holding N .V. (376,100 thousand euros), Magneti Marelli Holding S.p.A. (144,221
thousand euros), Fiat Finance N orth America Inc. (2,415 thousand euros) and Fiat U.S.A. Inc. (4,017 thousand euros) which are discussed at N ote 3.
Revaluations of securities among current assets other than equity investments
This item amounted to 1,612 thousand euros in 2005, for a change of the same amount with respect to 2004. It reflects the partial restoration
of value of treasury stock, which are discussed at N ote 6.