Chrysler 2008 Annual Report Download - page 255

Cash Flow Statement (*)
(€ thousands) 2008 2007
A) Cash and cash equivalents at beginning of the year 524 608
B) Cash from/(used in) operating activities during the year:
Net profit for the period 1,199,146 2,068,859
Amortisation and depreciation 1,862 2,506
Non-cash cost of stock option plans 9,123 43,988
Impairment losses/(reversals) on investments 7,000 (1,247,069)
Capital losses/(gains) on disposals (879,884) (118,391)
Change in provisions for employee benefits and other provisions 11,334 (23,466)
Change in deferred taxes 1,601 819
Change in working capital 184,605 (13,581)
Total 534,787 713,665
C) Cash from/(used in) investing activities:
Investments in:
- Recapitalisations of subsidiaries (350,000) (120,000)
Reduction of investments relating to:
- Capital reductions and distribution of reserves by subsidiaries –2,322,545
- Proceeds from disposals (a) 611 225,142
Other (investments) divestitures, net (b) 878,773 605
Total 529,384 2,428,292
D) Cash from/(used in) financing activities:
Change in current financial assets 1,223,431 (1,139,258)
Change in non-current financial liabilities (998,857) (641)
Change in current financial liabilities (541,562) (1,332,735)
Proceeds from the increase in share capital 35
Purchase of treasury shares (238,531) (426,023)
Sale of treasury stock 738 30,523
Dividends paid (509,419) (273,942)
Total (1,064,200) (3,142,041)
E) Total change in cash and cash equivalents (29) (84)
F) Cash and cash equivalents at end of the year 495 524
(*) Pursuant to Consob Resolution No. 15519 of 27 July 2006, the effects of transactions with related parties on the Cash Flow Statement of Fiat S.p.A. are presented in a specific cash flow statement
provided on the following pages.
The line items in the Cash Flow Statement are shown net of amounts relating to the Partial Spin-off of Fiat Partecipazioni S.p.A. in favour of Fiat S.p.A. as the transaction was cash neutral.
(a) In 2007, this item consisted of €224,847 thousand related to the sale of the investment in Mediobanca S.p.A.
(b) €880,000 thousand relating to the sale of the “FIAT” brand to the indirect subsidiary Fiat Group Marketing & Corporate Communication S.p.A.
Fiat S.p.A. Statutory Financial Statements at 31 December 2008254