Chrysler 2007 Annual Report Download - page 202

The book value at the disposal date of the net assets sold is summarised in the following table. Specific disclosure is made for the
B.U.C. disposal and the formation of FAFS given the significance of the amounts involved. In particular, disclosures relating to the
formation of FAFS are separated between those that relate to the business previously controlled by the Group which was therefore
consolidated on a line-by-line basis, and those that relate to the business of financing the final customer (the retail business),
which was previously headed by the associate Fidis Retail Italia.
Total sales of of which
consolidated
(in millions of euros) subsidiaries B.U.C. FAFS
Non current assets 1,586 76 1,453
Cash and cash equivalents 653 196 442
Other current assets 5,119 1,005 3,957
Total assets 7,358 1,277 5,852
Debt 6,336 1,074 5,219
Other liabilities 590 34 395
Total liabilities 6,926 1,108 5,614
The consideration received for these sales of consolidated subsidiaries and the related net cash inflows are as follows:
Total sales of of which
consolidated
(in millions of euros) subsidiaries B.U.C. FAFS
Consideration received:
- Consideration due 593 254 277
- Less: Deferred sales proceeds, net (85) – (85)
Total Consideration received 508 254 192
Net cash inflows on disposals:
- Consideration received 508 254 192
- Less: Cash and cash equivalents disposed of (461) (196) (247)
Total Net cash inflows on disposals 47 58 (55)
- Reimbursement of loans extended by the Group’s centralised cash management 3,131 – 3,131
Total Net cash inflows generated 3,178 58 3,076
The consideration received for the sales of other investments and the related net cash inflows are as follows:
(in millions of euros) Total sales of other investments of which FAFS
Total Consideration received 1,157 998
- Less: consideration paid for exercising the call option on FRI and the subsequent capitalisation (659) (659)
Total Net cash inflows generated 498 339
37. Non-recurring transactions
No significant non-recurring operations as defined by Consob Communication of July 28, 2006, were carried out by the Group in
2007.
Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes 201