Chrysler 2006 Annual Report Download - page 149

Fiat S.p.A. Financial Statements at December 31, 2006 - Notes to the Financial Statements 295Fiat S.p.A. Financial Statements at December 31, 2006 - Notes to the Financial Statements294
List of investments in subsidiaries and associated companies with additional information required by Consob
(communication no. DEM/6064293 of July 28, 2006)
■Subsidiaries
Result for the Stockholders’
Capital last fiscal year equity % owned by Accounting value
Company and registered office (in euros) (in euros) (in euros) Fiat S.p.A. Number of shares (in euros)
Fiat Partecipazioni S.p.A. – Turin
At 12/31/05 3,924,685,869 (862,234,014) 306,158,302 100.00 3,924,685,869 580,792,082
■reduction of capital stock through cancellation of shares (3,618,527,567)
■capital contribution 6,000,000,000
■reversal of impairment loss 1,388,000,000
At 12/31/06 306,158,302 942,776,463 7,248,934,765 100.00 306,158,302 7,968,792,082
Fiat Netherlands Holding N.V. – Amsterdam (Netherlands)
At 12/31/05 4,366,482,748 207,060,528 4,255,797,815 60.56 57,488,376 2,725,682,656
■capital contribution 121,125,650
■transfer of investment in Iveco S.p.A. to stockholders (647,475,682)
■reversal of impairment loss 95,536,000
At 12/31/06 2,610,397,295 937,119,160 3,361,946,033 60.56 57,488,376 2,294,868,624
+39.44 ind.
Iveco S.p.A. – Turin
At 12/31/05 –––
■transfer from Fiat Netherlands Holding N.V. to stockholders 519,871,290 647,475,682
■restoration of carrying amount 945,814,000
At 12/31/06 858,400,000 141,459,227 819,519,720 60.56 519,871,290 1,593,289,682
+39.44 ind.
Ferrari S.p.A. –Modena
At 12/31/05 20,000,000 52,962,628 218,805,827 56.00 4,480,000 160,675,480
■purchases 2,413,600 896,012,409
■sale (5,200) (1,484,066)
At 12/31/06 20,260,000 94,470,228 331,476,056 85.00 6,888,400 1,055,203,823
Magneti Marelli Holding S.p.A. –Corbetta
At 12/31/05 254,324,998 (64,320,893) 548,153,279 99.99 254,301,607 811,153,400
Ordinary shares
At 12/31/05 100.00 250,500,601 799,002,413
At 12/31/06 100.00 250,500,601 799,002,413
Preference shares
At 12/31/05 99.39 3,801,006 12,150,987
At 12/31/06 99.39 3,801,006 12,150,987
At 12/31/06 254,324,998 (42,698,723) 505,454,556 99.99 254,301,607 811,153,400
Teksid S.p.A. –Turin
At 12/31/05 145,817,739 (43,497,815) 102,319,924 84.79 123,640,010 75,851,000
At 12/31/06 145,817,739 (30,916,663) 71,403,261 84.79 123,640,010 75,851,000
Comau S.p.A. –Grugliasco
At 12/31/05 140,000,000 (55,231,582) 156,954,825 100.00 140,000,000 140,613,200
■reduction of capital stock (85,516,556)
■capital stock increase 45,516,556
■capital contribution 240,000,000
■impairment loss (330,000,000)
At 12/31/06 100,000,000 (348,940,866) 48,013,959 100.00 100,000,000 50,613,200
Business Solutions S.p.A. – Turin
At 12/31/05 10,000,000 (31,547,213) 4,791,396 100.00 10,000,000 36,304,200
At 12/31/06 4,791,396 18,086,645 22,878,041 100.00 10,000,000 36,304,200
Itedi - Italiana Edizioni S.p.A. – Turin
At 12/31/05 5,980,000 1,919,935 40,354,885 100.00 5,980,000 25,899,105
At 12/31/06 5,980,000 8,694,788 37,049,673 100.00 5,980,000 25,899,105
32. Significant non-recurring transactions
Pursuant to the Consob Communication of July 28, 2006, the only significant non-recurring transaction carried out by Fiat S.p.A.
in 2006 was the purchase of 28.6% of the shares of Ferrari S.p.A.. The effects of this transaction are discussed in Note 13.
33. Transactions resulting from unusual and/or abnormal operations
Pursuant to the Consob Communication of July 28, 2006, Fiat S.p.A. has not taken part in any unusual and/or abnormal operations
as defined in that Communication, under which unusual and abnormal transactions are those which because of their significance
or importance, the nature of the parties involved, the object of the transaction, the means of determining the transfer price or the
timing of the event (close to the year end) may give rise to doubts regarding the accuracy/completeness of the information in the
financial statements, conflicts of interest, the safeguarding of an entity’s assets or the protection of minority interests.
34. Subsequent Events
As reported in Note 20, following the exercise of 4,676 “Fiat Ordinary Share Warrants 2007” (issued on the occasion of the capital
increase on December 10, 2001), 1,169 shares (nominal value 5 euros each) were issued on February 1, 2007 at a price of 34,326.51
euros. The subscribed and paid-in capital of Fiat S.p.A. consequently increased by 5,845 euros from 6,377,257,292,130 euros to
6,377,262,975 euros. The difference of 28,481.51 euros was allocated to Additional paid-in capital. The remaining warrants have
expired and have accordingly been cancelled.
Following the contribution of the shares in Magneti Marelli Holding S.p.A. and Teksid S.p.A. by Fiat S.p.A., the stockholders of Fiat
Partecipazioni S.p.A. resolved in an extraordinary meeting on February 9, 2007 in favour of a capital increase of 1,002 million euros
(consisting of an increase in capital stock of 50 million euros and additional paid-in capital of 952 million euros), through the
issuance of shares to be assigned to the contributing stockholder Fiat S.p.A.. The transaction was carried out as part of the
programme to streamline and simplify the Group’s corporate structure, in which Fiat Partecipazioni S.p.A. is assigned the role
of parent company for the principal Italian industrial sectors.