Chrysler 2010 Annual Report Download - page 176

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Assets and liabilities held for sale at 31 December 2010 include certain buildings and factories of the Fiat Group Automobiles
sector and the investment in a minor company in Brazil, which was classified as held for sale on acquisition. In addition to the
above items, at 31 December 2009 Assets and liabilities held for sale also included certain buildings and factories of the Comau
and Agricultural and Construction Equipment sectors, and the net assets of Targa Rent S.r.l., a minor subsidiary of the Fiat
Group Automobiles sector that was sold during the first quarter of 2010.
Cash flows from Discontinued Operations
Details of cash flows from Discontinued Operations are as follows:
(€ million) 2010 2009
CASH FLOWS FROM (USED IN) THE OPERATING ACTIVITIES OF DISCONTINUED OPERATIONS
Post-tax profit/(loss) from Discontinued Operations 378 (503)
Amortisation and depreciation (net of vehicles sold under buy-back commitments and leased assets) 665 637
(Gains) losses on disposal of non-current assets and other non-cash items 192 254
Dividends received 32 18
Change in provisions 122 46
Change in deferred taxes 30 (123)
Change in items due to buy-back commitments 40 (35)
Change in operating lease items 26 (41)
Change in working capital 1,052 1,032
TOTAL 2,537 1,285
CASH FLOWS FROM (USED IN) THE INVESTING ACTIVITIES OF DISCONTINUED OPERATIONS
Investments in:
Property plant and equipment and intangible assets (net of vehicles
sold under buy-back commitments and leased assets) (854) (702)
Investments in consolidated subsidiaries (5) (5)
Proceeds from the sale of non-current assets (net of vehicles sold under buy-back commitments) 31 12
Net change in receivables from financing activities 335 1,120
Change in current securities 18 17
Other changes 32 (32)
TOTAL (443) 410
CASH FLOWS FROM (USED IN) THE FINANCING ACTIVITIES OF DISCONTINUED OPERATIONS
Net change in other financial payables and other financial assets/liabilities 2,084 708
TOTAL 2,084 708
As discussed earlier concerning the assets and liabilities and cash flows of Discontinued Operations, the amounts stated in the
preceding statements are not fully representative of the statement of financial position and statement of cash flows of the Fiat
Industrial Group considered separately. Accordingly, for completeness of information, the “carved out” statement of financial
position and statement of cash flows of the Fiat Industrial Group (meaning those representing the combined historical financial
statements of the business forming the Fiat Industrial Group), as if it had not been part of the Fiat Group until 31 December
2010, are set out below: in other words, the amounts reported in these statements are reported before elimination of items
resulting from transactions with the Continuing Operations of the Fiat Group. For the income statement on the other hand,
the statement presented in the previous paragraph Post-tax profit/(loss) from Discontinued Operations is representative of the
performance of the Fiat Industrial Group.