Chrysler 2007 Annual Report Download - page 311

■reimbursement of capital stock made by the subsidiary Iveco S.p.A. and of capital reserves by the subsidiary Fiat Partecipazioni
S.p.A. as part of an overall re-balance of the financial positions within the Group (see Note 11).
In 2007, transactions with related parties as defined by IAS 24 which did not involve subsidiaries are presented in the tables above
under “Other related parties”. In detail said transactions were as follows:
■sponsorship costs totalling 5,575 thousand euros relating to the first part of the 2007-2008 football season in connection with the
contract signed with Juventus Football Club S.p.A;
■expenses for services rendered by Soiem S.p.A. (70 thousand euros), RCS Pubblicità S.p.A. (33 thousand euros) and SGS Italia
S.p.A. (27 thousand euros);
■professional and advisory services and services as the secretary of the Board of Directors and of the Committees were provided
to Fiat S.p.A. by Mr. Franzo Grande Stevens for fees of 1,000 thousand euros;
■Fiat S.p.A. directors' and statutory auditors’ fees as well as the compensation component arising from stock option plans with
underlying Fiat S.p.A. shares regarding the Chief Executive Officer (see Note 6);
■compensation due to executives having strategic responsibilities in Fiat S.p.A. (see Note 5), as well as the compensation
component arising from stock option plans with underlying Fiat S.p.A. shares assigned to them.
29. Net financial position
Pursuant to the Consob Communication of July 28, 2006 and in compliance with the CESR’s recommendations for the consistent
implementation of the European Commission’s Regulation on Prospectuses issued on February 10, 2005, the net financial position
of Fiat S.p.A. at December 31, 2007 is as follows:
At At
(in thousands of euros) December 31, 2007 December 31, 2006 Change
Cash and cash equivalents 524 608 (84)
Current financial receivables: 1,223,431 84,173 1,139,258
- from Group companies 1,223,431 84,173 1,139,258
- from Third parties –––
Non-current financial payables: (2,809,388) (2,810,029) 641
- due to Group companies (2,809,388) (2,810,029) 641
- due to Third parties –––
Current financial payables: (294,695) (1,627,430) 1,332,735
- due to Group companies (73,687) (1,405,554) 1,331,867
- due to Third parties (221,008) (221,876) 868
Net financial position (1,880,128) (4,352,678) 2,472,550
- due to Group companies (1,659,644) (4,131,410) 2,471,766
- due to Third parties (220,484) (221,268) 784
Fiat S.p.A. Financial Statements at December 31, 2007 - Notes to the Financial Statements310