Chrysler 2008 Annual Report Download - page 128

Fiat Group Consolidated Financial Statements at 31 December 2008 127
The sale of the investment in Teksid Aluminum Getti Speciali
S.r.l. (included under Assets held for sale in the Consolidated
Financial Statements at 31 December 2007) was completed
during the third quarter of 2008.
The effect on the Group’s assets and liabilities of the
mentioned acquisitions and divestitures of businesses are
described in Note 35.
Consolidation of the Ergom group on a line-by-line basis began
during the second quarter of 2008, in this case with effect from
1 January 2008; the group was purchased on 6 December 2007
and carries out its business in the automotive sector. The group
had been excluded from consolidation at 31 December 2007
due to the lack of information necessary for preparing
disclosures in a consistent manner and moreover because the
amounts involved were not significant compared to those of
the Fiat Group as a whole. It follows as a result that on
consolidation for the first time the figures relating to 2007
were not restated. In this regard certain minor assets of the
Ergom Group were accounted for as assets held for sale in the
consolidation of the group for the first time on a line-by-line
basis, until the disposal occurred in July 2008.
Other information
Certain reclassifications have been made to the balance sheet
reported in the published Consolidated financial statements at
31 December 2007 in arriving at that presented in these
financial statements as comparative figures. These
reclassifications have been made to assist in understanding the
balance sheet better. These reclassifications have no effect on
net profit/(loss) or shareholders’ equity. In particular, the item
“Others” included in “Other receivables” and referring to
balances other than “Current tax receivables” and the item
“Accrued income and prepaid expenses”, both previously
presented separately, have been combined into the new
balance sheet item “Other current assets”, while the item
“Others” included in “Other payables” and referring to
balances other than “Current tax payables” and the item
“Accrued expenses and deferred income”, again both presented
separately, have been combined into the new balance sheet
item “Other current liabilities”.
In addition, the assets and liabilities of certain business of the
Comau and CNH Sector previously classified as assets and
liabilities held for sale were reclassified under the normal line
items in 2008. The corresponding items for 2007 have not been
restated as the figures are immaterial.