Chrysler 2009 Annual Report Download - page 232

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Trade payables
These relate to payables resulting from the costs discussed above and those arising from the Group’s trade relationships with FGA Capital. In particular:
(€ million) At 31 December 2009 At 31 December 2008
Società Europea Veicoli Leggeri-Sevel S.p.A. 290 438
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 250 297
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme 113 51
FGA Capital S.p.A. 80 124
Other 60 51
Total Trade payables due to jointly controlled entities 793 961
Current receivables from financing activities
This item, amounting to €62 million at 31 December 2009 (€114 million at 31 December 2008), mainly relates to receivables of the Group financial services
companies from jointly controlled entities.
Other current assets
This item, amounting to €36 million at 31 December 2009 (€20 million at 31 December 2008), relates mostly to other receivables of €31 million due from
FGA Capital at 31 December 2009 (€15 million at 31 December 2008).
Asset-backed financing
This item, amounting to €96 million at 31 December 2009 (€116 million at 31 December 2008), relates to amounts due to FGA Capital for sales of
receivables which do not qualify as sales under IAS 39.
Other financial payables
The item Other financial payables of €209 million at 31 December 2009 (€242 million at 31 December 2008) includes €96 million of other payables of a
financial nature due to FGA Capital (€230 million at 31 December 2008).
Transactions with associated companies
These transactions mainly affected revenues, trade receivables and asset backed-financing. The effects arising on the financial statements are set out as
follows.
Net revenues
Net Revenues: transactions consist principally of the sales of motor vehicles and components, including engines and gearboxes, production systems, and
the provision of services, to the following companies:
(€ million) 2009 2008
Iveco Finance Holdings Ltd. (a subsidiary of the Barclays group), for the sale of industrial vehicles leased out by the associate 74 226
Chrysler Group LLC, for the sale of components and production systems 31 -
Otoyol Sanayi A.S., for the sale of industrial vehicles - 18
Others 184 199
Total Net Revenues from associated companies 289 443
Trade receivables
This item, amounting to €93 million at 31 December 2009 (€132 million at 31 December 2008), relates to receivables resulting from the revenues discussed
above.