Chrysler 2007 Annual Report Download - page 327

Reports of the Board of Statutory Auditors326
Stockholders:
The consolidated financial statements of Fiat S.p.A.
at December 31, 2007, including the Balance Sheet, Income
Statement and the related explanatory Notes, which are made
available to you, report a net income of 1,953 million euros
attributable to equity holders of the parent. They were provided
to us within the statutory terms, together with the Report
on Operations, and were prepared in accordance with
the International Financial Reporting Standards (IFRS)
as adopted by the European Union and the requirements
of national regulations issued pursuant to Article 9 of Italian
Legislative Decree no. 38/2005.
The controls carried out by Deloitte & Touche S.p.A., which
is responsible for the audit, have led to their opinion that
“the consolidated financial statements present fairly
the financial position of the Fiat Group as of December 31, 2007,
and the results of its operations and its cash flows for the year
then ended in accordance with International Financial
Reporting Standards as adopted by the European Union
and the requirements of national regulations issued pursuant
to Article 9 of Italian Legislative Decree no. 38/2005”.
Consequently, in accordance with Article 41, Section 3
of Legislative Decree no. 127 of April 9, 1991, the Board
of Statutory Auditors did not review these results
and information and the consolidated financial statements,
except for the items discussed below.
The definition of the scope of consolidation, the selection
of the standards used to consolidate subsidiaries and the
procedures used for that purpose comply with the requirements
of IFRS. Therefore, the structure of the consolidated financial
statements is technically correct and overall consistent with
the pertinent legislation.
The Report on Operations presents fairly the results of
the operations in 2007 and the financial position at year end, as
well as the events that have occurred since the end of the fiscal
year for the consolidated companies. Based on our examination,
this Report is consistent with the consolidated financial statements.
Turin, February 28, 2008
The Statutory Auditors
/s/ CARLO PASTERIS
Carlo Pasteris
/s/ GIUSEPPE CAMOSCI
Giuseppe Camosci
/s/ CESARE FERRERO
Cesare Ferrero
Report of the Board of Statutory
Auditors on the Consolidated Financial
Statements