Chrysler 2010 Annual Report Download - page 265

FIAT GROUP
CONSOLIDATED
FINANCIAL
STATEMENTS
AT 31 DECEMBER
2010
NOTES
264
Transactions with other related parties
The principal transaction in this category arising from Selling, general and administrative costs and consists of sponsorship costs of €7 million incurred
in 2010 (€13 million in 2009) arising from the to contract signed with Juventus Football Club S.p.A. in 2007 and regarding the second part of the 2009-2010
football season.
Emoluments to Directors, Statutory Auditors and Key Management
The fees of the Director and Statutory Auditors of Fiat S.p.A. for carrying out their respective functions, including those in other consolidated companies,
are as follows:
(€ million) 2010 2009
Directors (a) 32,896 21,732
Statutory auditors 260 206
Total Emoluments 33,156 21,938
(a) This amount includes for both 2010 and 2009 the notional compensation cost arising from stock options and stock grants awarded to the Chief Executive Officer.
The aggregate expense incurred in 2010 and accrued at year end for the compensation of Executives with strategic responsibilities of the Group amounts
to approximately €25 million. This amount is inclusive of the following:
the amount contributed by the Group to State and employer defined contribution pension funds of approximately €1 million;
the amount contributed by the Group to a special defined benefit plan for certain senior Executives amounting to €0.4 million.
35. Acquisitions and Disposals of subsidiaries
Acquisitions
In 2010, the Group acquired the following subsidiaries:
In the second quarter of 2010, the Fiat Group acquired the remaining 50% of the joint venture Fiat Powertrain Polska Sp. z. o.o. (ex Fiat GM Powertrain
Polska), thereby obtaining 100% control. The 50% interest acquired was consolidated on a line-by-line basis effective 1 January 2010, leading to the
recognition of a gain amounting to €10 million. The IFRS book values of Fiat GM Powertrain Polska’s assets and liabilities at the acquisition date and
immediately after the acquisition were as follows:
IFRS book value IFRS book value immediately
(€ million) at the acquisition date after the acquisition
Non-current assets 115 115
Current assets 157 157
Total assets 272 272
Liabilities 100 100
Contingent liabilities - -