Chrysler 2010 Annual Report Download - page 264

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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: transactions consist principally of sales of motor vehicles and components, including engines and gearboxes, production systems,
and the provision of services, to the following companies:
(€ million) 2010 2009
Iveco Finance Holdings Ltd. (a subsidiary of the Barclays group), for the sale of industrial vehicles leased out by the associate 126 74
Other 112 128
Total Net Revenues from associated companies 238 202
Trade receivables: this item, amounting to €63 million at 31 December 2010, relates to receivables arising from the revenues discussed above.
Asset-backed financing: this item, amounting to €219 million at 31 December 2010, relates to amounts due to Iveco Finance Holding Limited for sales
of receivables which do not qualify as sales under IAS 39.
Other financial payables: this item, amounting to €49 million at 31 December 2010, consists mainly of other payables of a financial nature due to Iveco
Finance Holdings Limited.
Transactions with Continuing Operations
These amounts arise from transactions between companies classified as Discontinued Operations and companies classified as Continuing Operations,
and from the asset and liability balances of companies classified as Discontinued Operations which relate to unconsolidated companies classified
as Continuing Operations. The effects of individual transactions on financial statement items are as follows:
Revenues: transactions consists principally in the sale of commercial vehicles produced by Iveco:
(€ million) 2010 2009
Fiat Group Automobiles, for the sale of light commercial vehicles 699 408
Other 19 36
Total Revenues from continuing operations 718 444
Cost of sales: transactions arise principally in the purchase of components, including engine blocks and production systems:
(€ million) 2010 2009
Fiat Group Automobiles, for the purchase of vehicles 143 23
Teksid S.p.A., for the purchase of engine blocks 86 61
Entities of the Components sector, for the purchase of components 46 25
Other 67 53
Total Cost of sales from Continuing Operations 342 162
Receivables from financing activities due from Continued Operations: these consists mainly of cash held on deposit by companies to be transferred
to the Fiat Industrial Group, with Fiat Group’s central treasury companies remaining within Fiat group Post- Demerger.
Debt payable to Continuing Operations: this relates mainly to financing provided by Fiat Group’s central treasury companies (Fiat Finance S.p.A.
Fiat Finance and Trade Ltd Sa, Fiat Finance Canada Ltd and Fiat Finance North America Inc.) remaining within Fiat Group Post-Demerger to the
companies transferred to Fiat Industrial Group.