Chrysler 2007 Annual Report Download - page 244

Current financial receivables comprised a short-term loan of 900 million euros made to the subsidiary Fiat Finance S.p.A.
as a temporary investment of surplus funds, the balance on the current account with Fiat Finance S.p.A. and receivables from
the subsidiary Fiat Netherlands Holding N.V. represented by the fair value of the above mentioned stock-option related equity
swaps on Fiat S.p.A. shares. Current financial payables mainly consisted of payables to factoring companies for advances on
receivables sold, while non-current financial payables consisted almost entirely of loans granted at market rates by the subsidiary
Fiat Finance S.p.A. and repayable in the 2010-2013 period.
For a more detailed analysis of cash flows, reference should be made to the Statement of Cash Flows set out on the following
pages as part of the statutory financial statements of the Parent Company Fiat S.p.A.
Reconciliation between the Parent Company’s equity and its result for the year with those of the Group
Pursuant to the Consob Communication of July 28, 2006, set out below is a reconciliation between the Parent Company’s equity at
December 31, 2007 and its result for the year then ended with those of the Group (Group interest).
Stockholders’ Stockholders’
equity at 2007 equity at 2006
(in millions of euros) December 31, 2007 Net result December 31, 2006 Net result
Financial statements of Fiat S.p.A. 11,691 2,069 10,374 2,343
Elimination of the carrying amounts of consolidated investments and the
respective dividends from the financial statements of Fiat S.p.A. (13,278) (822) (14,211) (346)
Elimination of the reversal of impairment losses (net of recognised impairment
losses) of consolidated investments –(1,247) – (2,099)
Equity and results of consolidated subsidiaries 12,444 2,027 13,404 1,229
Consolidation adjustments :
Elimination of intercompany profits and losses on the sale of investments – (33) – (41)
Elimination of intercompany profits and losses in inventories and fixed assets
and other adjustments (251) (41) (205) (21)
Consolidated Financial Statements (Group interest) 10,606 1,953 9,362 1,065
Financial Review of Fiat S.p.A. 243