Chrysler 2008 Annual Report Download - page 150

In 2008 the column Other changes includes the reversal of impairment losses of €17 million in 2008 (€3 million in 2007). This
column also includes the reclassification of the prior year balances for Advances and tangible assets in progress to the appropriate
categories when the assets were effectively acquired and put into operation. In 2007 this column included, also, a reclassification
of €57 million of expenditure on software previously erroneously reported as Property, plant and equipment.
The column Change in the scope of consolidation shows an overall net increase of €343million, which mainly reflects the line-by-
line consolidation of the Ergom group (€280 million) and of Tritec Motors Ltda (now FPT Powertrain do Brasil – Industria e
Comércio de Motores Ltda) (€57 million). In 2007 this column reflected the first time line-by-line consolidation of I.T.C.A. (€109
million) and Teksid Aluminum S.r.l. (€55 million).
The total increase of €18 million in 2008 in the column Reclassified to assets held for sale includes the carrying amount of certain
tangible assets of particular businesses of the Comau and CNH Sectors which were previously classified as Assets held for sale and
were reclassified to their respective line items during the year. In 2007, this column consisted of the tangible assets of certain
businesses of the Comau Sector which were reclassified to Assets held for sale.
Exchange losses of €493 million principally reflect changes in the Real/Euro and in the Zloty/Euro exchange rate. In 2007 exchange
gains of €68 million principally reflected changes in the Real/Euro and in the Zloty/Euro exchange rate.
At 31 December 2008, land and industrial buildings of the Group pledged as security for debt amounted to €113 million (€113 million
at 31 December 2007); plant and machinery pledged as security for debt and other commitments amounted to €267 million
(€199 million at 31 December 2007) and other assets pledged as security for debt and other commitments totalled €3 million
(€3 million at 31 December 2007); these relate to suppliers’ assets recognised in the Consolidated financial statements in accordance
with IFRIC 4, with the simultaneous recognition of a financial lease payable.
At 31 December 2008, the Group had contractual commitments for the acquisition of property, plant and equipment amounting
to €725 million (€500 million at 31 December 2007).
16. Investments and other financial assets
(€ millions) At 31 December 2008 At 31 December 2007
Investments accounted for using the equity method 1,899 1,930
Investments at fair value with changes directly in equity 18 34
Investments at cost 67 68
Total Investments 1,984 2,032
Non-current financial receivables 127 78
Other securities 66 104
Total Investments and other financial assets 2,177 2,214
Fiat Group Consolidated Financial Statements at 31 December 2008 149