Chrysler 2005 Annual Report Download - page 254

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Fiat S.p.A. Financial Statements at D ecember 31, 2005 - N otes to the Financial Statements
O rigin, possibility of use, and possibility of distribution of Stockholders’ equity reserves
Summary of the applications
made during the last three years (* * )
Available For coverage
At 12.31.05 Possibility share of losses For other reasons
N ature/description (in euros) of use (in euros) (in euros) (in euros)
Capital stock 6,377,257,130
Capital reserves:
Additional paid-in capital 1,540,856,410 B 1,540,856,410 2,331,583,228
Legal reserve 61,370,583 B – 29,241,925
Revalutation reserve under Law
N o. 413 of D ec. 30, 1991 22,590,857 A,B,C 22,590,857
Earnings reserves:
Legal reserve 385,191,179 B – 183,536,323
Treasury stock valuation reserve 27,709,936 – –
Extraordinary reserve 334,634 A,B,C 334,634 112,253,586 1,611,796
Total 8,415,310,729 1,563,781,901 2,656,615,062 1,611,796
Portion that cannot be distributed (*) 1,563,781,901
Residual portion that can be distributed –
Legend:
A:For capital increases
B:For coverage of losses
C:For distribution to stockholders
(* ) Pursuant to Article 2431 of the Italian Civil Code, additional paid-in capital may not be distributed until the legal reserve equals at least one-fifth of the capital stock.The other available reserves
(revaluation reserve and extraordinary reserve) may not be distributed because 27,627 thousand euros in start-up and expansion costs have not yet been amortised (Article 2426, Section 5 of the
Italian Civil Code).
(* * ) For uses of reserves no longer existing at D ecember 31, 2005, reference is made to the schedule of changes in stockholders’ equity (note 9).