Chrysler 2007 Annual Report Download - page 115

Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes114
information relating to the Group’s pro-rata interest in the
above entity is as follows:
At At
December December
(in millions of euros) 31, 2007 31, 2006
Non-current assets 151 142
Current assets 154 123
Total assets 305 265
Debt ––
Other liabilities 147 130
(in millions of euros) 2007 2006
Net revenues 238 237
Net result 22 32
The combined balances of the Group’s share in the principal
balance sheet items of joint ventures accounted for using the
equity method are as follows:
At At
December December
(in millions of euros) 31, 2007 31, 2006
Non-current assets 2,228 1,992
Current assets 9,528 8,777
Total assets 11,756 10,769
Debt 8,468 7,781
Other liabilities 1,845 1,687
Balances at December 31, 2006 included those of the Group
Automobiles Financial Services group, a joint venture created
at the end of 2006 with Sofinco (belonging to the Crédit
Agricole group), as described in detail in the notes to the 2006
consolidated financial statements. This operation had led to the
derecognition of the assets and liabilities of entities previously
controlled by the Group and transferred to the joint venture on
December 28, 2006.
The combined balances of the Group’s share in the principal
income statement items of jointly controlled entities accounted
for using the equity method are as follows:
(in millions of euros) 2007 2006
Net revenues 5,693 4,000
Trading profit 224 110
Operating result 186 93
Result before taxes 179 87
Net result 107 50
The above summary income statement excludes for 2006 the
results of the operations of the FAFS group, as the joint venture
was established at the end of 2006. Up to that date, meaning
prior to the establishment of the joint venture, companies
belonging to the Group were consolidated on a line-by-line basis,
while associated companies belonging to the Fidis Retail Italia
group were accounted for using the equity method. Following
the establishment of the joint venture, the contribution of the
FAFS entities was made through the use of the equity method to
account for the investment in the jointly controlled entity Fiat
Group Automobiles Financial Services S.p.A.
Twenty-seven associates are accounted for using the equity
method, while 29 associates, that in aggregate are of minor
importance, and are stated at cost. The main aggregate amounts
related to the Group interests in associates are as follows:
At At
December December
(in millions of euros) 31, 2007 31, 2006
Total assets 2,885 2,680
Liabilities 2,380 2,167
(in millions of euros) 2007 2006
Net revenues 668 1,145
Net result 35 78
The main aggregate amounts related to the Group interests in
associates measured at cost are as follows:
At At
December December
(in millions of euros) 31, 2007 31, 2006
Total assets 145 101
Liabilities 89 52
(in millions of euros) 2007 2006
Net revenues 61 44
Net result 1–
The following acquisitions were made in 2007:
■ At the end of April 2007 Magneti Marelli reacquired control
of Automotive Spare Parts Distribution Operations. As a result
of this the After Market Parts and Services business line, which
operates at a worldwide level in the distribution of spare parts