Chrysler 2007 Annual Report Download - page 296

21. Other non-current liabilities
At December 31, 2007, Other non-current liabilities amount to 15,852 thousand euros, showing a net decrease of 4,149 thousand
euros over the previous year end.
The item may be analysed as follows:
At At
(in thousands of euros) December 31, 2007 December 31, 2006 Change
Non-current post-employment benefits to be paid:
- to a former Chief Executive Officer 5,268 5,542 (274)
- to former employees 10,584 14,459 (3,875)
Total Other non-current liabilities 15,852 20,001 (4,149)
The non-current post-employment benefits to be paid represent the present value of benefits (see Note 19) to be paid to a former
Chief Executive Officer and employees that left the company.
An analysis of Other non-current liabilities by due date is as follows:
At At
(in thousands of euros) December 31, 2007 December 31, 2006
Other non-current liabilities
due within one year 737 866
due after one year but within five years 4,099 4,814
due after five years 11,016 14,321
total 15,852 20,001
22. Provisions for employee benefits and other current provisions
At December 31, 2007 this balance amounts to 128 thousand euros, a decrease of 26,663 thousand euros over December 31, 2006,
and may be analysed as follows:
At At
(in thousands of euros) December 31, 2006 Accruals Utilisations December 31, 2007
Provision for indemnities 18,000 – (18,000) –
Restructuring provision 1,890 – (1,890) –
Provision for employee bonuses 6,901 128 (6,901) 128
Total Provisions for employee benefits and other current provisions 26,791 128 (26,791) 128
The Provision for indemnities at December 31, 2006 was made with respect the contingent liabilities arising from guarantee
commitments and obligations to third parties assumed when subsidiaries sold their investments or business units. This provision
was released to income in 2007 as the underlying risk no longer exists.
The restructuring provision at December 31, 2006 consisted of the amounts to be paid to employees leaving the company as the
result of the Company’s rationalisation programme set up during that year. In 2007, this provision was utilised to settle liabilities
and indemnities with leaving employees while the portion of future liabilities relating to personnel leaving the Company under
mobilità lunga has been reclassified to Other non-current provisions (see Note 19).
Fiat S.p.A. Financial Statements at December 31, 2007 - Notes to the Financial Statements 295