Chrysler 2008 Annual Report Download - page 211

Emoluments to Directors, Statutory Auditors and Key Management
The fees of the Director and Statutory Auditors of Fiat S.p.A. for carrying out their respective functions, including those in other
consolidated companies, are as follows:
(€ millions) 2008 2007
Directors (a) 17,923 53,147
Statutory auditors 164 192
Total Emoluments 18,087 53,339
(a) This amount includes for both 2008 and 2007 the notional compensation cost arising from stock options granted to the Chief Executive Officer.
The aggregate expense incurred in 2008 and accrued at year end for the compensation of Executives with strategic responsibilities
of the Group amounts to approximately €16 million. This amount is inclusive of the following:
the notional compensation income arising from stock options granted to certain Executives of approximately €1 million;
the amount contributed by the Group to State and employer defined contribution pension funds of approximately €6 million;
the amount contributed by the Group to a special defined benefit plan for certain senior Executives amounting to €1 million.
These costs consist of compensation for Executives with strategic responsibilities who were already working for the Group in 2007
and continue with the Group in 2008, as well as for management personnel who took on key responsibilities in 2008.
35. Acquisitions and Disposals of subsidiaries
Acquisitions
In 2008, the Group acquired the following subsidiaries:
On 20 March 2008 FPT Powertrain Technologies fully acquired Tritec Motors Limitada from Chrysler L.L.C. and subsequently
changed its name to FPT Powertrain do Brasil – Industria e Comércio de Motores Ltda, leading to the recognition of a goodwill for
€1 million. This goodwill continues to be recognised in the balance sheet at 31 December 2008 since the acquired company is
capable of achieving a high level of profitability and additional benefits will arise from the purchase. The IFRS book value of the
acquiree’s assets and liabilities at the acquisition date and immediately after the acquisition were as follows:
IFRS book value
IFRS book value at immediately
(€ millions) the acquisition date after the acquisition
Non current assets 38 69
Current assets 27 27
Total assets 65 96
Liabilities 124
Contingent liabilities ––
Fiat Group Consolidated Financial Statements at 31 December 2008
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