Chrysler 2008 Annual Report Download - page 307

22. Other non-current liabilities
At 31 December 2008, Other non-current liabilities amounted to €15,115 thousand, showing a net decrease of €737 thousand over
the previous year end.
The item is broken down as follows:
At At
(€ thousands) 31 December 2008 31 December 2007 Change
Non-current post-employment benefits to be paid:
- to a former Chief Executive Officer 4,984 5,268 (284)
- to former employees 10,131 10,584 (453)
Total Other non-current liabilities 15,115 15,852 (737)
The non-current post-employment benefits to be paid represent the present value of benefits (see Note 20) to be paid to a former
Chief Executive Officer and employees that left the company.
A breakdown of Other non-current liabilities by due date is as follows:
At At
(€ thousands) 31 December 2008 31 December 2007
Other non-current liabilities
due within one year 764 737
due after one year but within five years 4,244 4,099
due after five years 10,107 11 , 01 6
Total 15,115 15,852
23. Provisions for employee benefits and other current provisions
At 31 December 2008 this balance amounted to €6,346 thousand, an increase of €6,218 thousand over 31 December 2007, and may
be analysed as follows:
At At
(€ thousands) 31 December 2007 Accruals Utilisations 31 December 2008
Provision for employee bonuses 128 6,339 (121) 6,346
Total Provisions for employee benefits and other current provisions 128 6,339 (121) 6,346
The Provision for employee bonuses principally consists of an estimate of variable compensation to employees which 31
December 2007 was recognised under Current amounts payable to employees and Social security payable, as the payments had
already been made in January 2008.
Fiat S.p.A. Statutory Financial Statements at 31 December 2008306