Chrysler 2009 Annual Report Download - page 327

FIAT S.P.A.
STATUTORY
FINANCIAL
STATEMENTS AT
31 DECEMBER
2009
NOTES
326
27. Guarantees granted, commitments and contingent liabilities
Guarantees granted
This item is made up as follows:
(€ thousand) At 31 December 2009 At 31 December 2008 Change
Guarantees granted
Sureties
on behalf of Group companies 218,598 256,955 (38,357)
on behalf of third parties 1,530 2,026 (496)
Total sureties 220,128 258,981 (38,853)
Other guarantees
on behalf of Group companies 15,888,414 9,640,689 6,247,725
on behalf of third parties 2,780 4,445 (1,665)
Total other guarantees 15,891,194 9,645,134 6,246,060
Total guarantees granted 16,111,322 9,904,115 6,207,207
Sureties
At 31 December 2009, sureties totalled €220,128 thousand, a decrease of €38,853 thousand over 31 December 2008.
This amount mostly relates to sureties provided on behalf of Group companies on Billets de Trésorerie issued (Fiat Finance and Trade Ltd S.A. €28,959
thousand), medium- to long-term loans granted by banks (€5,968 thousand) and lease payments on property included in real estate securitisations carried
out in prior years (€183,671 thousand). Sureties granted to third parties relate to the remaining interest-bearing certificates issued by Sava and not yet
redeemed.
Other guarantees
At 31 December 2009, other guarantees amounted to €15,891,194 thousand, an increase of €6,246,060 thousand over 31 December 2008, mainly
attributable to guarantees on bonds issued during the year.
These related to:
guarantees of €15,888,414 thousand granted on behalf of Group companies, including:
€1,280,550 thousand for loans (Banco CNH Capital S.A. €676,941 thousand, Fiat Finance S.p.A. €400,000 thousand, Fiat Finance and Trade Ltd
S.A. €110,000 thousand, Fiat Automoveis S.A. - FIASA €59,465 thousand, Fiat Finance Canada Ltd. €33,051 thousand, Magneti Marelli Controle
Motor Ltda. €1,093 thousand);
€10,112,112 thousand for bonds issued (Fiat Finance and Trade Ltd S.A. €9,030,564 thousand, Fiat Finance North America Inc. €1,031,130
thousand, Fiat Finance Canada Ltd. €50,418 thousand);
€3,112,039 thousand for credit facilities (Fiat Finance and Trade Ltd S.A. €2,000,000 thousand, Fiat Finance S.p.A. €608,621 thousand, CNH Global
N.V. €300,000 thousand, Fiat Finance Canada Ltd. €169,057 thousand, Fiat Finance North America Inc. €34,361 thousand);
€1,332,073 thousand for VAT receivables as part of the tax consolidation procedure, as required by the Ministerial Decree of 13 December 1979 as
subsequently amended, and €51,640 thousand for other guarantees;
guarantees of €2,780 thousand granted on behalf of the Teksid S.p.A. joint venture Hua Dong Teksid Automotive Foundry Co. Ltd.