Chrysler 2008 Annual Report Download - page 276

8. Financial income/(expense)
Following is a breakdown of Financial income/(expense):
(€ thousands) 2008 2007
Financial income 43,696 14,249
Financial expenses (202,539) (238,449)
Net income/(expense) from derivative financial instruments (262,832) 75,196
Total Financial income/(expense) (421,675) (149,004)
Following is a breakdown of Financial income:
(€ thousands) 2008 2007
Financial income from Group companies:
- Interest income from Fiat Finance S.p.A. current account 25,924 5,839
- Interest income from Fiat Finance S.p.A. loans 7,540 520
- Commission income from sureties and personal guarantees 3,828 3,295
- Other financial income 48 153
Total Financial income from Group companies 37,340 9,807
Financial income from third parties:
- Interest income on bank and other deposits 93
- Interest income on tax credits 6,273 4,389
- Commission income from sureties and guarantees and other financial income –9
Total Financial income from third parties 6,282 4,401
Exchange losses/(income) 74 41
Total Financial income 43,696 14,249
Following is a breakdown of Financial expense:
(€ thousands) 2008 2007
Financial expense to Group companies:
- Interest expense to Fiat Finance S.p.A. current account 1,659 21,087
- Interest expense to Fiat Finance S.p.A. loans 171,593 192,844
- Commissions and other charges payable to Fiat Netherlands Holding N.V. 11,369 10,675
- Fiat Finance S.p.A. and Fidis S.p.A. service commissions 95 74
- Interest and financial expense to other Group companies 323 240
Total Financial expense to Group companies 185,039 224,920
Financial expense to third parties:
- Interest expense and charges for the sale of receivables 13,191 11 , 3 1 6
- Financial expense for employee benefits 1,008 697
- Other third party interest and financial expense 3,301 1,516
Total Financial expense to third parties 17,500 13,529
Total Financial expense 202,539 238,449
Fiat S.p.A. Statutory Financial Statements at 31 December 2008 275