Home » Chrysler Annual Reports » 2007 Annual Report - page 247

Chrysler 2007 Annual Report Download - page 247

Download and view the complete annual report

Please find page 247 of the 2007 Chrysler annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Fiat S.p.A. Financial Statements at December 31, 2007246

Statement of Cash Flows (*)

(in thousands of euros) 2007 2006

A) Cash and cash equivalents at beginning of the year 608 495

B) Cash flows from (used in) operating activities during the year:

Net result for the year 2,068,859 2,343,375

Amortisation and depreciation 2,506 2,882

Non-cash stock option costs 43,988 11,297

(Reversals of impairment losses) impairment losses of investments (1,247,069) (2,099,350)

Capital losses/gains on the disposal of investments (118,391) (329)

Change in provisions for employee benefits and other provisions (23,466) 7,990

Change in deferred taxes 819 3,438

Change in working capital (13,581) 151,872

Total 713,665 421,175

C) Cash flows from (used in) investment activities:

Investments:

- Recapitalisations of subsidiaries (120,000) (6,361,126)

- Acquisitions (a) – (919,412)

Divestitures of investments relating to:

- Capital reductions and distribution of capital reserves by subsidiaries 2,322,545 –

- Proceeds from sale (b) 225,142 2,670

Other (investments) divestitures, net 605 (15,529)

Total 2,428,292 (7,293,397)

D) Cash flows from (used in) financing activities:

Change in current financial receivables (1,139,258) 2,991,721

Change in non-current financial payables (641) 2,804,767

Change in current financial payables (1,332,735) 1,070,047

Proceeds from the increase in capital stock 35 –

Purchase of treasury stock (426,023) –

Sale of treasury stock 30,523 5,800

Dividend distribution (273,942) –

Total (3,142,041) 6,872,335

E) Total change in cash and cash equivalents (84) 113

F) Cash and cash equivalents at end of the year 524 608

(*) Pursuant to Consob resolution no. 15519 of July 27, 2006 the effects of transactions with related parties on the Statement of Cash Flows of Fiat S.p.A. are included in the specific statement of the cash

flows schedule reported in the following pages.

(a) In 2006, this item consisted almost entirely of the repurchase of a 28.6% stake of Ferrari S.p.A.’s capital stock.

(b) 224,847 thousand euros of which related to the sale of the investment in Mediobanca S.p.A.