Chrysler 2009 Annual Report Download - page 353

352 REPORTS OF
THE BOARD OF
STATUTORY
AUDITORS
Dear Shareholders,
The 2009 consolidated financial statements of Fiat S.p.A. made available to you report a net loss of €848 million, of which €10 million
is attributable to non-controlling interests. They were provided to us within the statutory term, together with the report on operations,
and were prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the European Union and
the requirements of national regulations issued pursuant to Article 9 of Italian Legislative Decree no. 38/2005.
The audit conducted by Deloitte & Touche S.p.A., the independent auditors, led to their opinion that:
“the consolidated financial statements of the Fiat Group as of 31 December, 2009 comply with International Financial Reporting
Standards as adopted by the European Union and the requirements of national regulations issued pursuant to art. 9 of Italian
Legislative Decree n. 38/2005; accordingly, they give a true and fair view of the financial position of the Fiat Group, and of the
results of its operations and its cash flows for the year then ended.”
The audit report also stated that:
“In our opinion, the report on operations and the information reported in compliance with art. 123-bis of Italian Legislative
Decree n. 58/1998 paragraph 1, letters c), d), f), l), m) and paragraph 2, letter b) included in the annual report on Corporate
Governance are consistent with the consolidated financial statements of the Fiat Group as of 31 December 2009.”
In accordance with Article 41 (3) of Legislative Decree no. 127/1991, the Board of Statutory Auditors did not review these results
and information or the consolidated financial statements, except for the items specified 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 consistent overall with the pertinent legislation.
The report on operations presents fairly the results of operations for 2009 and the financial position at year end, as well as events
occurring since the end of the year for consolidated companies. Based on our examination, this Report is consistent with the
consolidated financial statements.
Turin, 2 March 2010
THE STATUTORY AUDITORS
/s/ Riccardo Perotta
Riccardo Perotta
/s/ Giuseppe Camosci
Giuseppe Camosci
/s/ Piero Locatelli
Piero Locatelli
This report has been translated into the English language solely for the convenience of international readers.
REPORT OF THE BOARD OF STATUTORY AUDITORS
ON THE CONSOLIDATED FINANCIAL STATEMENTS