Chrysler 2007 Annual Report Download - page 196

■Current receivables from financing activities of 199 million euros (174 million euros at December 31, 2006): these relate to
receivables resulting from financial activities carried out by the Group with jointly controlled entities (Sevel) and receivables of 81
million euros at December 31, 2007 (143 million euros at December 31, 2006) from jointly controlled financial service companies
(FAFS) resulting from the financing of the sales network.
■Other current receivables of 35 million euros (129 million euros at December 31, 2006): these relate mostly to other receivables of
16 million euros due from FAFS at December 31, 2007 (113 million euros at December 31, 2006). At December 31, 2006, this item
included also 98 million euros relating to the extended term consideration due in connection with the transaction by which the
joint venture was established.
■Asset-backed financing of 141 million euros (124 million euros at 31 December 31, 2006): these relate to amounts due to FAFS for
sales of receivables which do not qualify as sales under IAS 39.
■Other financial payables of 217 million euros (266 million euros at December 31, 2006): this item includes 214 million euros of
other payables of a financial nature due to FAFS (243 million euros at December 31, 2006).
■Trade payables: these relate to payables resulting from the costs discussed above and those arising from the Group’s trade
relationships with FAFS. In particular:
(in millions of euros) 2007 2006
Società Europea Veicoli Leggeri-Sevel S.p.A. 525 655
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 269 152
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme 106 56
Fiat Group Automobiles Financial Services S.p.A. 47 76
Other minor amounts 65 8
Total Trade payables due to jointly controlled entities 1,012 947
Transactions with associated companies
The principal transactions are as follows:
■Revenues: transactions consist principally of the sales of motor vehicles, production systems and components, including engines
and gearboxes, and the provision of services, to the following companies:
(in millions of euros) 2007 2006
Iveco Finance Holdings Ltd. (a subsidiary of the Barclays group),
for the sale of industrial vehicles leased out by the associate 219 225
Otoyol Sanayi A.S., for the sale of industrial vehicles 16 72
Other minor amounts 137 105
Total Revenues from associated companies 372 402
■Current trade receivables of 80 million euros (78 million euros at December 31, 2006): these relate to receivables resulting from
the revenues discussed above.
Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes 195