Chrysler 2010 Annual Report Download - page 263

FIAT GROUP
CONSOLIDATED
FINANCIAL
STATEMENTS
AT 31 DECEMBER
2010
NOTES
262
Transactions with jointly controlled entities
These transactions affected revenues, cost of sales, trade receivables and payables. The effects arising on the financial statements are set out as follows.
Net revenues: the transactions consist principally of sales of commercial vehicles, and agricultural and construction machinery, and the provision
of services, to the following companies:
(€ million) 2010 2009
Iveco Oto Melara Società consortile, for the sale of vehicles and special transport 123 97
CNH de Mexico SA de CV, for the sale of agricultural and construction equipment 46 36
Turk Traktor Ve Ziraat Makineleri A.S., for the sale of agricultural and construction equipment 26 19
SAIC IVECO Commercial Vehicle Investment Company Limited for technical services 23 2
New Holland HFT Japan Inc., for the sale of agricultural and construction equipment 14 23
Other 17 14
Total Net revenues from jointly controlled entities 249 191
Cost of sales: transactions have taken place principally with the following companies:
(€ million) 2010 2009
Turk Traktor Ve Ziraat Makineleri A.S., for the purchase of agricultural equipment 169 137
Other 18 19
Total Cost of sales for purchases from jointly controlled entities 187 156
Trade receivables: these relate to receivables arising from the revenues discussed. In particular:
(€ million) At 31 December 2010
Iveco – Oto Melara Società consortile 52
Other 26
Total Current trade receivables due from jointly controlled entities 78
Trade payables: these relate to payables arising from the costs discussed above. In particular:
(€ million) At 31 December 2010
Turk Traktor Ve Ziraat Makineleri A.S. 28
Other 10
Total Trade payables due to jointly controlled entities 38