Chrysler 2007 Annual Report Download - page 177

176 Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
Net financial position
In compliance with Consob Regulation issued on July 28, 2006 and in conformity CESR’s
Recommendations for the consistent
implementation of the European Commission’s Regulation on Prospectuses
issued on February 10, 2005, the Net financial position
of the Group is as follows:
(in millions of euros) At December 31, 2007 At December 31, 2006
Liquidity (a): 6,932 7,965
- Cash and cash equivalents 6,639 7,736
- Cash and cash equivalents included as Assets held for sale 25
- Securities held for trading (Current securities) 291 224
Current financial receivables (Receivables from financing activities) (b): 12,268 11,743
- from jointly controlled financial services entities 81 143
- from other related parties 250 48
- from third parties 11,937 11,552
Current financial receivables included as Assets held for sale (c) –5
Other current financial assets (Other financial assets) (d) 703 382
Debt (e): 17,951 20,188
- due to related parties 617 734
- due to third parties 17,334 19,454
Debt included as Liabilities held for sale (f) –33
Other current financial liabilities (Other financial liabilities) (g) 188 105
Net financial position (h) = (a+b+c+d-e-f-g): 1,764 (231)
- due to related parties (286) (543)
- due to third parties 2,050 312
The item Receivables from financing activities includes the entire portfolio of the financial services entities, classified as current
assets as they will be realised during the normal operating cycle of these companies.
The following is reconciliation between Net financial position as presented in the above table and Net debt as presented in the
Report on Operations:
(in millions of euros) At December 31, 2007 At December 31, 2006
Consolidated net debt as presented in the Report on Operations (10,423) (11,836)
Less: Current financial receivables, excluding those due from jointly controlled financial services companies
amounting to 81 million euros at December 31, 2007 (amounting to 143 million euros at December 31, 2006) 12,187 11,605
Net financial position 1,764 (231)
Reference should be made to Notes 19, 21, 22 and 23 and the information provided in Note 28 for a further analysis of the items in
the table.