Chrysler 2008 Annual Report Download - page 210

Trade payables: these relate to payables resulting from the costs discussed above and those arising from the Group’s trade
relationships with FAFS. In particular:
(€ millions) At 31 December 2008 At 31 December 2007
Società Europea Veicoli Leggeri-Sevel S.p.A. 438 525
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 297 269
Fiat Group Automobiles Financial Services S.p.A. 124 47
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme 51 106
Other 51 65
Total Trade payables due to jointly controlled entities 961 1,012
Transactions with associated companies
The principal transactions are as follows:
Net Revenues: transactions consist principally of the sales of motor vehicles and components, including engines and gearboxes,
production systems, and the provision of services, to the following companies:
(€ millions) 2008 2007
Iveco Finance Holdings Ltd. (a subsidiary of the Barclays group),
for the sale of industrial vehicles leased out by the associate 226 219
Otoyol Sanayi A.S., for the sale of industrial vehicles 18 16
Others 199 137
Total Net Revenues from associated companies 443 372
Trade receivables of €132 million (€80 million at 31 December 2007): these relate to receivables resulting from the revenues
discussed above.
Transactions with other related parties
The principal transaction in this category relates to an amount of €61 million (€49 million in 2007) classified in Cost of sales;
included in this balance is the purchase of steel from the Corus group, which is part of the Tata group, for an amount of €36 million
(an amount of €30 million in 2007), the purchase of goods of €16 million (€11 million in 2007) for the high range and deluxe
upholstery of the Group's automobiles from Poltrona Frau S.p.A., a company listed on the Italian Stock Exchange in which the
chairman of the Board of Directors of Fiat S.p.A., Luca Cordero di Montezemolo, has an indirect investment. The Selling, general
and administrative costs include sponsorship costs of €13 million in 2008 (€9 million in 2007) relating to the second part of the
2007-2008 and the 2008-2009 football seasons pursuant the contract signed with Juventus Football Club S.p.A. in 2007.
As regards the balance sheet at 31 December 2008 this category also includes balances arising from transactions with the Crédit
Agricole group.
A building has been purchased in Turin which was formerly owned by the Giovanni Agnelli Foundation and which is partially used
by Fiat Group companies. The purchase price was determined on the basis of an independent appraisal.
Fiat Group Consolidated Financial Statements at 31 December 2008 209