Chrysler 2007 Annual Report Download - page 138

137Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
At Change in Reclassified At
December 31, Impairment the scope of Translation to Assets Other December 31,
(in millions of euros) 2005 Additions Depreciation losses Divestitures consolidation differences held for sale changes 2006
Land 526 2 – – (7) (9) (12) (57) 4 447
- Owned industrial
buildings 2,230 119 (139) (1) (3) (36) (8) – 58 2,220
- Industrial buildings leased
under finance leases 63 – (2) – – – – – (2) 59
Total Industrial buildings 2,293 119 (141) (1) (3) (36) (8) – 56 2,279
- Owned plant, machinery
and equipment 5,948 952 (1,541) (14) (40) (14) (59) (58) 423 5,597
- Plant, machinery and
equipment leased under
finance leases 25 – (5) – – (2) (1) (14) 4 7
Total Plant, machinery
and equipment 5,973 952 (1,546) (14) (40) (16) (60) (72) 427 5,604
Assets sold with a buy-back
commitment 1,176 523 (152) (36) (360) – 3 – 3 1,157
- Owned other tangible
assets 424 194 (140) – (99) (11) (5) (10) 47 400
- Other tangible assets
leased under finance leases 8 2 (1) – (1) – – – (4) 4
Total Other tangible assets 432 196 (141) – (100) (11) (5) (10) 43 404
Advances and tangible
assets in progress 606 642 – – (17) (2) (13) (34) (533) 649
Total net carrying amount
of Property, plant and
equipment 11,006 2,434 (1,980) (51) (527) (74) (95) (173) – 10,540
Additions of 2,927 million euros in 2007 mainly relate to the Automotive Sectors (Fiat Group Automobiles, Iveco, and CNH – Case
New Holland) and to the FPT Powertrain Technologies and Magneti Marelli Sector and do not include capitalised borrowing costs.
During 2007 the Group recognised impairment losses on Assets sold with a buy-back commitment from Trucks and Commercial
Vehicles for an amount of 8 million euros (36 million euros in 2006) in order to align their carrying amount to market value. These
losses are recognised in Cost of sales. In addition, in 2007 the Group reviewed the recoverable amount of certain plant, machinery
and equipment in order to determine whether there was any reduction in value arising from technical obsolescence. This
assessment led to the recognition of an impairment loss of 20 million euros (15 million euros in 2006), all of which was recorded in
Trading profit.