Chrysler 2009 Annual Report Download - page 229

228 FIAT GROUP
CONSOLIDATED
FINANCIAL
STATEMENTS
AT 31 DECEMBER
2009
NOTES
The following table provides changes in Level 3 in 2009:
Other non current Other financial
(€ million) securities asset/(liabilities)
Balances at 1 January 2009 27 (56)
(Gains) and losses recognised in profit or loss 2 40
Increases/(Decreases) (2) (2)
Balances at 31 December 2009 27 (18)
In 2009 there were no transfers from Level 3 to other levels or vice versa.
Related party transactions35.
The Group engages in transactions with unconsolidated subsidiaries, jointly controlled entities, associated companies and other related parties on commercial
terms that are normal in the respective markets, considering the characteristics of the goods or services involved.
The effects of such transactions on the consolidated income statements for 2009 and 2008 are as follows:
of which: with related parties
Unconso- Jointly Other Total Effect
Total lidated controlled Associated related related on Total
(€ million) 2009 Subsidiaries entities companies parties parties (%)
Net revenues 50,102 27 1,745 289 1 2,062 4.1%
Cost of sales 43,261 31 2,825 125 68 3,049 7.0%
Selling, general and administrative costs 4,296 19 24 15 63 121 2.8%
of which: with related parties
Unconso- Jointly Other Total Effect
Total lidated controlled Associated related related on Total
(€ million) 2009 Subsidiaries entities companies parties parties (%)
Net revenues 59,564 32 2,524 443 2 3,001 5.0%
Cost of sales 49,612 21 4,403 125 61 4,610 9.3%
Selling, general and administrative costs 5,075 8 23 12 56 99 2.0%