Chrysler 2007 Annual Report Download - page 139

138 Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
The column Other changes includes: a reclassification of 57 million euros of expenditure on software previously erroneously
reported as Property, plant and equipment and the reversal of impairment losses of 3 million euros in 2007 (5 million euros in
2006). This column also includes the reclassification of the prior year balances for Advances and tangible assets in progress to the
appropriate categories when the assets were effectively acquired and put into operation.
The column Change in the scope of consolidation shows an overall net increase of 167 million euros, which mainly reflects the
line-by-line consolidation of the I.T.C.A. group (109 million euros) and of Teksid Aluminum S.r.l. (55 million euros).
The column Reclassification to assets held for sale consists of the tangible assets of certain businesses of the Comau Sector. In
2006 this column consisted of the book value of the assets of Meridian Technologies Inc., Ingest Facility S.p.A. and Fiat
Automobiles in India and that of certain properties of the Iveco Sector.
Exchange gains of 68 million euros principally reflect changes in the Zloty/Euro and Real/Euro exchange rate. In 2006 exchange
losses of 95 million euros principally reflected changes in the Euro/U.S. dollar exchange rate.
At December 31, 2007, land and industrial buildings of the Group pledged as security for debt amounted to 113 million euros (112
million euros at December 31, 2006); plant and machinery pledged as security for debt and other commitments amounted to 199
million euros (65 million euros at December 31, 2006) and other assets pledged as security for debt and other commitments
totalled 3 million euros (4 million euros at December 31, 2006); these relate to suppliers’ assets recognised in the consolidated
financial statements in accordance with IFRIC 4, with the simultaneous recognition of a financial lease payable.
At December 31, 2007, the Group had contractual commitments for the acquisition of property, plant and equipment amounting to
500 million euros (493 million euros at December 31, 2006).
15. Investment property
The Group holds interests in certain property to earn rental income and this property are carried at cost. The net carrying amount
of Investment property at December 31, 2007 is 10 million euros (19 million euros at December 31, 2006).
Rental income from investment property in 2007 amounted to 2 million euros (2 million euros in 2006).
16. Investments and other financial assets
(in millions of euros) At December 31, 2007 At December 31, 2006
Investments accounted for using the equity method 1,930 1,719
Investments at fair value with changes directly in equity 34 288
Investments at cost 68 71
Total Investments 2,032 2,078
Non-current financial receivables 78 97
Other securities 104 105
Total Investments and other financial assets 2,214 2,280