Chrysler 2007 Annual Report Download - page 291

The following disclosures complete the information provided on equity items:
Availability for use of main equity items
(in thousands of euros) At December 31, 2007 Possible use Available amount
Capital stock 6,377,263
Reserves:
- Additional paid-in capital 1,540,885 A, B, C (*) 1,540,885
- Legal reserve 536,060 B –
- Reserve under Law no. 413/1991 22,591 A, B, C 22,591
- Reserve available for the purchase of treasury stock 952,579 A, B, C 952,579
- Reserve for treasury stock in portfolio 419,310 – –
- Extraordinary reserve 28,044 A, B, C 28,044
- Retained earnings 56,535 A, B, C 56,535
Key:
A: capital increase
B: coverage of losses
C: dividend
(*) Fully available to increase capital and cover losses. Any other use requires an increase of the legal reserve up to 20% of capital stock (this may also be carried out by making a transfer from additional
paid-in capital itself). The increase required for this at December 31, 2007 would be 739,393 thousand euros.
19. Provisions for employee benefits and other non-current provisions
At December 31, 2007, provisions for employee benefits and other non-current provisions amounts to 21,302 thousand euros, an
increase of 3,198 thousand euros as compared to December 31, 2006 and is made up as follows:
At At
(in thousands of euros) December 31, 2006 Accruals Utilisations Other changes December 31, 2007
Provisions for employee benefits and similar 18,071 4,263 (2,051) (246) 20,037
Other non-current provisions 33 – – 1,232 1,265
Total Provisions for employee benefits
and other non-current provisions 18,104 4,263 (2,051) 986 21,302
Provisions for employee benefits and similar provisions
The company provides post-employment benefits for its employees, either directly or by contributing to independently
administered funds.
The benefits are generally based on the employees’ remuneration and years of service. The obligations relate both to active
employees and to retirees.
The company provides post-employment benefits under defined contribution and/or defined benefit plans.
Fiat S.p.A. Financial Statements at December 31, 2007 - Notes to the Financial Statements290