Chrysler 2007 Annual Report Download - page 197

Transactions with other related parties
The principal transaction in this category relates to an amount of 49 million euros (14 million euros in 2006) classified in cost of
sales; included in this balance is the purchase of steel from the Corus group, which is part of the Tata group, for an amount of 30
million euros, the purchase of goods of 11 million euros for the high range and deluxe upholstery of the Group's automobiles (12
million euros in 2006) from Poltrona Frau S.p.A., a company listed on the Italian Stock Exchange in which the chairman of the
Board of Directors of Fiat S.p.A., Luca Cordero di Montezemolo, has an indirect investment.
Emoluments to Directors, Statutory Auditors and Key Management
The fees of the Director and Statutory Auditors of Fiat S.p.A. for carrying out their respective functions, including those in other
consolidated companies, are as follows:
(in thousands of euros) 2007 2006
Directors (a) 53,147 25,106
Statutory auditors 192 190
Total Emoluments 53,339 25,296
(a) This amount includes for both 2007 and 2006 the notional compensation cost arising from stock options granted to the Chief Executive Officer.
The aggregate expense incurred in 2007 and accrued at year end for the compensation of Executives with strategic responsibilities
of the Group amounts to approximately 28 million euros. This amount is inclusive of the following:
■the notional compensation cost arising from stock options granted to certain Executives of approximately 3 million euros;
■the amount contributed by the Group to State and employer defined contribution pension funds of approximately 7 million euros;
■the amount contributed by the Group to a special defined benefit plan for certain senior Executives amounting to 0.3 million
euros.
These costs consist of compensation for Executives with strategic responsibilities who were already working for the Group in 2006
and continue with the Group at present, as well as for management personnel who took on key responsibilities in 2007.
Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes196