Chrysler 2006 Annual Report Download - page 156

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Provisions for employee benefits and other current provisions
Reclassifications
(in millions of euros) At January 1, 2005 At December 31, 2005
from “Other provisions” for changes in the format of the Balance Sheet 6 31
631
Trade payables
Reclassifications
(in millions of euros) At January 1, 2005 At December 31, 2005
from “Payables to subsidiaries” for changes in the format of the Balance Sheet 11 5
11 5
Current debt
Reclassifications
(in millions of euros) At January 1, 2005 At December 31, 2005
from “Accrued expenses and deferred income” for changes in the format of the Balance
Sheet (interest component) 130 –
from “Payables to subsidiaries” for changes in the format of the Balance Sheet 7 –
137 –
Adjustments
(in millions of euros) At January 1, 2005 At December 31, 2005
Recognition and measurement of financial liabilities (the “Mandatory Convertible Facility”) G(13) –
Sale of receivables L359 557
Measurement of derivative financial instruments E1 –
347 557
Other payables
Reclassifications
(in millions of euros) At January 1, 2005 At December 31, 2005
from “Advances” for changes in the format of the Balance Sheet 7,336 8,657
to “Inventories” as a reduction of amounts received A(7,321) (8,635)
from “Taxes receivables” for changes in the format of the Balance Sheet 9 3
from “Payables to subsidiaries” for changes in the format of the Balance Sheet 205 218
from “Payables to social security authorities” for changes in the format of the Balance Sheet 3 2
to “Other non-current liabilities” for changes in the format of the Balance Sheet
(reclassification of non-current balances) (13) (17)
219 228
Appendix Transition of the Parent Company Fiat S.p.A. to International Financial Reporting Standards (IFRS) 309Appendix Transition of the Parent Company Fiat S.p.A. to International Financial Reporting Standards (IFRS)308
Effects of transition to IFRS on the Income Statement for 2005
(in millions of euros) Italian GAAP Reclassifications Adjustments IAS/IFRS
Dividends and other income from
8 – 8 investments
(Impairment losses) reversals on
(429) (2) (431) investments
Gains (losses) on the disposal of
(1) – (1) investments
Revenues from sales and services 20 25 28 73 Other operating revenues
Change in contract work in progress 13 (13) –
Other revenues and income 12 (12) –
Raw materials, services, leases and rentals 77 (77) –
Personnel costs 42 11 7 60 Personnel costs
Amortisation, depreciation and writedowns 27 (27) –
Other operating costs 41 (41) –
145 (24) 121 Other operating costs
Difference between the value and costs of
production (142) (433) 43
Write-ups of equity investments 528 (528) –
(Write-downs) of equity investments (957) 957 –
Total value adjustments to financial assets (429) 429 –
Income (expenses) from significant
1,133 – 1,133 non-recurring transactions
Income from equity investments 8 (8) –
Other financial income 113 (169) (7) (63) Financial income (expenses)
Interest and other financial expenses 169 (169) –
Financial income from significant
– 858 858 non-recurring transactions
Extraordinary income 1,136 (1,136) –
Extraordinary expenses 15 (15) –
Profit (loss) before taxes 502 – 894 1,396 Profit (loss) before taxes
Income taxes 279 – – 279 Income taxes
Profit (loss) from continuing
– 894 1,117 operations
Profit (loss) from discontinued
–––operations
Net profit (loss) for the period 223 – 894 1,117 Net profit (loss) for the period