Chrysler 2011 Annual Report Download - page 161

Notes
160 Consolidated
Financial
Statements
at 31 December
2011
the identifiable assets acquired and identifiable liabilities assumed, as detailed below, have been measured at their acquisition date
fair value, with the exception of certain contingent liabilities existing prior to acquisition whose value was not determinable, deferred
taxes and certain obligations associated with employee benefits, all of which were recognised in accordance with the applicable
standard, as required by IFRS 3; this measurement process has been completed in December 2011 as follows:
At the Acquisition date
($ million) (€ million)
ASSETS
Intangible assets 5,059 3,517
Property, plant and equipment 13,863 9,637
Investments and other financial assets 435 302
Leased assets 331 230
Defined benefit plan assets 90 63
Deferred tax assets 65 45
Total Non-current assets 19,843 13,794
Inventories 5,651 3,928
Trade receivables 1,765 1,227
Receivables from financing activities 21 15
Current tax receivables 123 86
Other current assets 993 690
Current financial assets 127 88
Cash and cash equivalents 9,358 6,505
Total Current assets 18,038 12,539
Assets held for sale - -
Total assets acquired (a) 37,881 26,333
Provisions 14,159 9,843
Debt 13,659 9,495
Other financial liabilities 112 78
Trade payables 8,298 5,769
Current tax payables 21 15
Deferred tax liabilities 772 536
Other current liabilities 5,029 3,496
Liabilities held for sale - -
Total liabilities assumed (b) 42,050 29,232
Net assets acquired (liabilities assumed) (a)-(b) (4,169) (2,899)
During completion of the accounting for this acquisition in December 2011, the provisional amounts of deferred tax liabilities and
net liabilities assumed reported in the Group’s half-year report at 30 June 2011 and in the interim report at 30 September 2011
were reduced by $814 million (€567 million) to reflect the final determination of the deferred tax liabilities arising from the business
combination, which took into account that Chrysler Group LLC is a limited liability company taxed as a partnership. In addition,
certain amounts previously presented as Provisions and Other current liabilities were retrospectively reclassified for a more consistent
representation of the items in the consolidated financial statements.
Non-controlling interests of 54% on a fully-diluted basis, were recognised at €3,112 million ($4,477 million) at the Acquisition date,
based on the above-stated equity value of Chrysler of $8,290 million (€5,763 million) in accordance with paragraph 19(a) of IFRS 3.