Chrysler 2008 Annual Report Download - page 209

Cost of sales: transactions have taken place principally with the following companies:
(€ millions) 2008 2007
Società Europea Veicoli Leggeri-Sevel S.p.A., for the purchase of motor vehicles 2,023 1,435
Tofas-Turk Otomobil Fabrikasi Tofas A.S., for the purchase of motor vehicles 1,272 828
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme,
for the purchase of motor vehicles 696 560
Fiat Group Automobiles Financial Services S.p.A. 190 159
Other 222 163
Total Cost of sales for purchases from jointly controlled entities 4,403 3,145
Trade receivables: these relate to receivables resulting from the revenues discussed above and those arising from the Group’s
trade relationships with FAFS, which mostly regard the sales of vehicles leased out by FAFS in its own turn under operating or
financial lease arrangements. In particular:
(€ millions) At 31 December 2008 At 31 December 2007
Fiat India Automobiles Limited 183 24
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 85 66
Società Europea Veicoli Leggeri-Sevel S.p.A. 55 62
Fiat Group Automobiles Financial Services S.p.A. 48 60
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme 32
Other 88 34
Total Current trade receivables due from jointly controlled entities 462 248
Current receivables from financing activities of €114 million (€199 million at 31 December 2007): these relate to receivables
resulting from financial activities carried out by the Group with jointly controlled entities and receivables of €3 million at
31 December 2008 (€81 million at 31 December 2007) from jointly controlled financial service companies (FAFS) resulting from the
financing of the sales network.
Other current assets of €20 million (€36 million at 31 December 2007): these relate mostly to other receivables of €15 million due
from FAFS at 31 December 2008 (€16 million at 31 December 2007).
Asset-backed financing of €116 million (€141 million at 31 December 2007): these relate to amounts due to FAFS for sales
of receivables which do not qualify as sales under IAS 39.
Other financial payables of €242 million (€217 million at 31 December 2007): this item includes €230 million of other payables
of a financial nature due to FAFS (€214 million at 31 December 2007).
Fiat Group Consolidated Financial Statements at 31 December 2008208