Chrysler 2007 Annual Report Download - page 260

Fiat S.p.A. Financial Statements at December 31, 2007 - Notes to the Financial Statements 259
■IFRIC 12 – Service Concession Arrangements (effective from
January 1, 2008 but not yet endorsed by the European Union);
■IFRC 13 – Customer Loyalty Programmes (effective from
January 1, 2009 but not yet endorsed by the European Union).
Risk management
The risks to which Fiat S.p.A. is exposed, either directly or
indirectly through its subsidiaries, are the same as those of the
companies of which it is the Parent. Reference should therefore
be made to the note on Risk Management included as part of
the Notes to the Consolidated Financial Statements of the Fiat
Group as well as to Note 27.
Other information
The notional costs for stock option plans included in the 2006
Income Statement and presented in these Financial Statements
for comparative purposes, formerly entirely reported as
Personnel costs, have been partially reclassified as “Other
operating costs”, consistent with the treatment used for the
compensation owed to the relevant beneficiaries. This
reclassification, of 9,100 thousand euros, has no effect on the
Company’s net result or equity.
Additionally, the following equity accounts: Reserve under Law
no. 413/1991, Reserve for treasury stock in portfolio,
Extraordinary reserve, Retained earnings (losses), Gains
(losses) recognised directly in equity and Stock option reserve,
presented individually in the published financial statements at
December 31, 2006, have now been grouped together in the
account “Other reserves and retained earnings”. The previous
level of detail may however continue to be found in the
Statement of Changes in Stockholders’ Equity and the Notes to
the Financial Statements. This reclassification has no effect on
the Company’s net result or equity.