Chrysler 2008 Annual Report Download - page 287

At 31 December 2008 and 2007 there were no investments given as security for financial or contingent liabilities.
During 2007, changes in Investments were as follows:
Reversal
Acquisitions/ Disposals/ of imp. losses
At Capital Capital (Impairment losses)/ At
(€ thousands) 31 December 2006 increases reimbursements Fair value adjustments 31 December 2007
Investments in subsidiaries 14,211,238 1,028,883 (3,209,549) 1,247,069 13,277,641
Investments in other companies 288,357 – (222,334) (32,180) 33,843
Total Investments 14,499,595 1,028,883 (3,431,883) 1,214,889 13,311,484
13. Other financial assets
A breakdown of Other financial assets is provided in the following table:
At At
(€ thousands) 31 December 2008 31 December 2007 Change
Call option on Ferrari S.p.A. shares 10,032 10,032 –
Fees receivables for guarantees given 10,531 9,388 1,143
Debt securities 74 73 1
Total Other financial assets 20,637 19,493 1,144
The item Call option on Ferrari S.p.A. shares includes the value of the premium paid in October 2006 for the call option on the 5%
interest in Ferrari S.p.A. held by the Arab Mubadala Development Company PJSC fund. In July 2008, the expiry date of the option
was extended and the option may now be exercised from 1 January 2010 to 31 July 2010 at a price of €302.07 per share (for a total
of €122,399 thousand) less any dividend that may be distributed. It has been recognised at cost since its fair value cannot be
reliably measured.
Fees receivables for guarantees given are measured at the present value of the fees to be received in future years for guarantees
provided by the company (mainly for guaranteeing loans obtained by Group companies).
Debt securities consist of listed Italian State securities pledged to fund scholarship grants.
A breakdown of other financial assets by maturity date is as follows:
(€ thousands) At 31 December 2008 At 31 December 2007
Other financial assets
due within one year 3,431 12,663
due after one year but within five years 16,710 6,187
due after five years 496 643
Total 20,637 19,493
Fiat S.p.A. Statutory Financial Statements at 31 December 2008286