Chrysler 2007 Annual Report Download - page 142

141Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
At December 31, 2007, the fair value of Investments in listed jointly controlled entities and listed associates, determined on the
basis of quoted market prices, is as follows:
(in millions of euros) Carrying value Fair Value
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 255 678
Rizzoli Corriere della Sera MediaGroup S.p.A. 125 292
Turk Traktor Ve Ziraat Makineleri A.S. 46 156
Al-Ghazi Tractors Ltd. 18 56
Total Investments in listed jointly controlled entities and associates 444 1,182
At December 31, 2007, the item Investments whose carrying amount is measured at fair value with changes recognised directly in
equity, includes the investment in Assicurazioni Generali S.p.A. of 6 million euros (6 million euros at December 31 ,2006 ), acquired
in 2006 as a result of the winding up of Consortium S.r.l. and the consequent transfer to its quota holders of the shares that the
company held in Mediobanca S.p.A. and Assicurazioni Generali S.p.A. on the basis of their investments; the item includes also the
investment of 28 million euros in Fin. Priv. S.r.l. (14 million euros in 2006).
At December 31, 2007, non-current financial receivables of 51 million euros were pledged as security for loans obtained.
17. Leased assets
The Group leases out assets, mainly its own products, as part of its financial services business. This item changed as follows in
2007 and 2006:
At Change in Disposals At
December 31, the scope of Translation and other December 31,
(in millions of euros) 2006 Additions Depreciation consolidation differences changes 2007
Gross carrying amount 347 302 – – (27) (102) 520
Less: Depreciation and impairment (100) – (71) – 5 42 (124)
Net carrying amount of Leased assets 247 302 (71) – (22) (60) 396
At Change in Disposals At
December 31, the scope of Translation and other December 31,
(in millions of euros) 2005 Additions Depreciation consolidation differences changes 2006
Gross carrying amount 1,898 926 – (1,779) (24) (674) 347
Less: Depreciation and impairment (644) – (318) 517 6 339 (100)
Net carrying amount of Leased assets 1,254 926 (318) (1,262) (18) (335) 247
The net reduction of 1,262 million euros included in the column Change in the scope of consolidation reflects the deconsolidation
of subsidiaries whose activities were transferred to the FAFS joint venture which had made investments of 750 million euros during
the year.