Chrysler 2008 Annual Report Download - page 274

As required by the accounting standard for stock option plans (IFRS 2) and the related interpretation (IFRIC 11), the compensation
component from stock option plans based on Fiat S.p.A. shares but relating to managers employed by other Group companies is
not recognised in the income statement of Fiat S.p.A. but rather is treated as a capital contribution and recorded as an increase in
the book value of the investee companies (see Note 12) which directly or indirectly employ plan beneficiaries. An offsetting entry is
made to the relevant equity reserve (see Note 19).
For 2008, Other personnel costs related mainly to accruals to the Provision for employee bonuses, leaving incentives and
insurance.
The aggregate charge in 2008 for compensation to executives with strategic responsibilities was €14,440 thousand (€7,591 thousand
of which was charged back to Group companies where they performed their duties). This amount included the following:
severance indemnity accrued during the year, amounting to €973 thousand;
contributions by the Company to state and company defined contribution schemes and social security contributions for €4,186
thousand;
costs for the year for a special defined benefit plan, amounting to €1,100 thousand (including the component recognized in
financial expenses).
Fiat S.p.A. Statutory Financial Statements at 31 December 2008 273