Chrysler 2008 Annual Report Download - page 339

Reports of the Board of Statutory Auditors338
Dear Shareholders:
The consolidated financial statements of Fiat S.p.A. at 31
December 2008, including the Balance Sheet, Income
Statement, Statement of Changes in Shareholders’ Equity,
Cash Flow Statement and the related explanatory Notes, which
are made available to you, report a net profit of €1,721 million,
of which €1,612 million is attributable to equity holders of the
parent. They were provided to us within the statutory terms,
together with the Report on Operations, and were prepared in
accordance with the International Financial Reporting
Standards (IFRS) and the requirements of national regulations
issued pursuant to Article 9 of Italian Legislative Decree no.
38/2005.
The controls carried out by Deloitte & Touche S.p.A., which is
responsible for the audit, have led to their opinion that “the
consolidated financial statements present fairly the financial
position of the Fiat Group as of 31 December 2008, and the
results of its operations and its cash flows for the year then
ended in accordance with International Financial Reporting
Standards as adopted by the European Union and the
requirements of national regulations issued pursuant to Article
9 of Italian Legislative Decree no. 38/2005”.
Consequently, in accordance to Article 41, Section 3 of
Legislative Decree No. 127 of 9 April 1991, the Board of
Statutory Auditors did not review these results and information
and the consolidated financial statements, except for the items
discussed below.
The definition of the scope of consolidation, the selection of
the standards used to consolidate subsidiaries and the
procedures used for that purpose comply with the
requirements of IFRS. Therefore, the structure of the
consolidated financial statements is technically correct and
overall consistent with the pertinent legislation.
The Report on Operations presents fairly the results of the
operations in 2008 and the financial position at year end, as
well as the events that have occurred since the end of the year
for the consolidated companies. Based on our examination,
this Report is consistent with the consolidated financial
statements.
Turin, 25 February 2009
The Statutory Auditors
/s/ CARLO PASTERIS
Carlo Pasteris
/s/ GIUSEPPE CAMOSCI
Giuseppe Camosci
/s/ PIERO LOCATELLI
Piero Locatelli
Report of the Board of Statutory
Auditors on the Consolidated Financial
Statements