Chrysler 2008 Annual Report Download - page 271

Fiat S.p.A. Statutory Financial Statements at 31 December 2008270
Composition and principal changes
Income Statement
1. Dividends and other income from investments
A breakdown of Dividends and other income from investments is provided in the following table:
(€ thousands) 2008 2007
Dividends from subsidiaries:
- Fiat Partecipazioni S.p.A. 500,000 250,000
- Ferrari S.p.A. 85,003 63,750
- Iveco S.p.A. 77,517 –
- Fiat Netherlands Holding N.V. 60,563 151,407
- Business Solution S.p.A. 53,810 17,000
- Fiat Finance S.p.A. 50,000 60,000
- FGI - Fiat Group International S.A. 44,256 271,200
- Itedi-Italiana Edizioni S.p.A. 1,700 8,500
Total dividends from subsidiaries 872,849 821,857
Dividends from other companies 1,431 1,391
Total Dividends and other income from investments 874,280 823,248
Dividends from other companies in 2008 consisted of dividends paid by Fin.Priv. S.r.l. (€1,268 thousand) and by Assicurazioni
Generali S.p.A. (€163 thousand).
2. Impairment (losses)/reversals on investments
The following table provides a breakdown of Impairment losses and reversals on investments:
(€ thousands) 2008 2007
Impairment losses:
- Comau S.p.A. (7,000) (60,931)
Total Impairment losses (7,000) (60,931)
Reversals of impairment losses:
- Fiat Partecipazioni S.p.A. –1,308,000
Total Reversals of impairment losses –1,308,000
Total Impairment (losses)/reversals on investments (7,000) 1,247,069
For 2008, this item consists of an impairment loss recognised on the investment in Comau S.p.A.
In relation to the investment in Fiat Partecipazioni S.p.A., until 2005 writedowns had been recognised, primarily reflecting the
impairment losses of Fiat Group Automobiles S.p.A. (formerly Fiat Auto S.p.A.), a subsidiary of Fiat Partecipazioni. At 31 December
2006, the amount of the cumulative impairment losses recognised, which could potentially be reversed, was €4,015,000 thousand.
At 31 December 2007, the value in use of the investment in Fiat Group Automobiles S.p.A. was measured as €4.7 billion, compared