Chrysler 2007 Annual Report Download - page 299

25. Other payables
At December 31, 2007, other payables amount to 580,543 thousand euros, an increase of 219,296 thousand euros over December 31, 2006.
The balance may be analysed as follows:
At At
(in thousands of euros) December 31, 2007 December 31, 2006 Change
Advances 12,625 12,918 (293)
Other payables:
- Intercompany payables:
- Consolidated VAT 195,886 160,957 34,929
- Consolidated IRES tax 345,460 154,910 190,550
- Other intercompany payables 63,211 (3,205)
- Total intercompany payables 541,352 319,078 222,274
- Social security payables 4,425 1,353 3,072
- Consolidated VAT payables to third parties (former Group companies) –13,928 (13,928)
- Current amounts payable to employees, directors and statutory auditors 14,654 6,802 7,852
- Payables to stockholders of Toro Assicurazioni S.p.A., Magneti Marelli S.p.A.
and Comau S.p.A. for public offerings 866 864 2
- Dividends payable 187 246 (59)
- Other 731 200 531
Total other payables 562,215 342,471 219,744
Tax payables:
- VAT payable 1,976 – 1,976
- Taxes withheld on payments to employees and independent contractors 3,027 3,422 (395)
- Tax payable –1,627 (1,627)
- Other 469 739 (270)
Total tax payables 5,472 5,788 (316)
Accrued expenses and deferred income 231 70 161
Total Other payables 580,543 361,247 219,296
As previously discussed in Note 22, Current amounts payable to employees and Social security payables at December 31, 2007 also
include the amounts linked to reaching annual targets, yet to be settled at that date.
Advances
This item consists of the difference between inventories and progress payments and contractual advances received from the
customer
Treno Alta Velocità – T.A.V. S.p.A. for contract work in progress and is made up as follows:
At At
(in thousands of euros) December 31, 2007 December 31, 2006 Change
Contract work in progress 381,649 352,879 28,770
Less: Progress payments for work completed 389,956 357,891 32,065
Gross amount due to the customer 8,307 5,012 3,295
Contractual advances 4,318 7,906 (3,588)
Total Advances 12,625 12,918 (293)
Fiat S.p.A. Financial Statements at December 31, 2007 - Notes to the Financial Statements298