Chrysler 2007 Annual Report Download - page 263

Fiat S.p.A. Financial Statements at December 31, 2007 - Notes to the Financial Statements262
Composition and principal changes
Income Statement
1. Dividends and other income from investments
Dividends and other income from investments can be analysed as follows:
(in thousands of euros) 2007 2006
Dividends distributed by subsidiaries:
- FGI - Fiat Group International S.A. (formerly IHF-Internazionale Holding Fiat S.A.) 271,200 258,967
- Fiat Partecipazioni S.p.A. 250,000 –
- Fiat Netherlands Holding N.V. 151,407 –
- Ferrari S.p.A. 63,750 –
- Fiat Finance S.p.A. 60,000 75,000
- Business Solutions S.p.A. 17,000 –
- Itedi-Italiana Edizioni S.p.A. 8,500 12,000
Total dividends distributed by subsidiaries 821,857 345,967
Dividends distributed by other companies 1,391 16,452
Total Dividends and other income from investments 823,248 362,419
Dividends distributed by other companies in 2007 consist of dividends paid by Fin.Priv. S.r.l. (1,268 thousand euros) and by
Assicurazioni Generali S.p.A. (123 thousand euros).
2. Reversals of impairment losses (impairment losses) of investments
Reversals of impairment losses and impairment losses of investments can be analysed as follows:
(in thousands of euros) 2007 2006
Reversals of impairment losses:
- Fiat Partecipazioni S.p.A. 1,308,000 1,388,000
- Iveco S.p.A. – 945,814
- Fiat Netherlands Holding N.V. – 95,536
Total Reversals of impairment losses 1,308,000 2,429,350
Impairment losses:
- Comau S.p.A. (60,931) (330,000)
Total Impairment losses (60,931) (330,000)
Total Reversals of impairment losses (impairment losses) 1,247,069 2,099,350
This item consists of the reversals of impairment losses or impairment losses arising from the application of the cost method in
accordance with IAS 27 and IAS 36.
In particular as the investments are not listed and a market value (fair value less costs to sell) cannot be reliably measured, their
recoverable amount in measuring impairment losses and the reversal of impairment losses has been taken as their value in use.
The value in use of an investment has been identified as the present value of the estimated cash flows expected to arise from the
results of the investment and from the estimated value of a hypothetical “ultimate disposal”, in line with the requirements of