Chrysler 2008 Annual Report Download - page 322

recapitalisation of Fiat Powertrain Technologies S.p.A. through a €350,000 thousand increase in share capital and additional paid
in capital (see Note 12) to ensure the company adequate financial resources to meets its operating requirements and finance
planned investments.
In 2008, transactions with related parties as defined by IAS 24 which did not involve subsidiaries are presented in the tables above
under “Other related parties”. In detail said transactions were as follows:
sponsorship costs of €6,875 thousand relating to the second part of the 2007-2008 football season pursuant the contract signed
with Juventus Football Club S.p.A. in 2007. Beginning with the 2008-2009 season these sponsorship costs will be borne by the
subsidiary CNH Global N.V.;
expenses for services rendered by Soiem S.p.A. (€70 thousand), RCS Pubblicità S.p.A. (€23 thousand) and SGS Italia S.p.A. (€90
thousand);
professional and advisory services and services as the secretary of the Board of Directors and of the Committees were provided
to Fiat S.p.A. by Mr. Franzo Grande Stevens for fees of €1,000 thousand;
Fiat S.p.A. directors' and statutory auditors’ fees as well as the compensation component arising from stock option plans with
underlying Fiat S.p.A. shares regarding the Chief Executive Officer (see Note 6);
compensation due to executives having strategic responsibilities in Fiat S.p.A. (see Note 5), as well as the compensation
component arising from stock option plans with underlying Fiat S.p.A. shares assigned to them.
30. Net financial position
Pursuant to the Consob Communication of 28 July 2006 and in compliance with the CESR’s recommendations for the consistent
implementation of the European Commission’s Regulation on Prospectuses issued on 10 February 2005, the net financial position
of Fiat S.p.A. at 31 December 2008 is as follows:
At At
(€ thousands) 31 December 2008 31 December 2007 Change
Cash and cash equivalents 495 524 (29)
Current financial receivables: –1,223,431 (1,223,431)
- from Group companies –1,223,431 (1,223,431)
- from Third parties –––
Non-current financial payables: (1,810,531) (2,809,388) 998,857
- due to Group companies (1,810,531) (2,809,388) 998,857
- due to Third parties –––
Current financial payables: (553,133) (294,695) (258,438)
- due to Group companies (238,976) (73,687) (165,289)
- due to Third parties (314,157) (221,008) (93,149)
Net financial position (2,363,169) (1,880,128) (483,041)
- due to Group companies (2,049,507) (1,659,644) (389,863)
- due to Third parties (313,662) (220,484) (93,178)
Fiat S.p.A. Statutory Financial Statements at 31 December 2008 321