Chrysler 2011 Annual Report Download - page 212

211
Consolidated
Financial Statements
at 31 December 2011
The annual interest rates and the nominal currencies of debt at 31 December 2011 are as follows:
Interest rate
(€ million)
less
than 5%
from 5%
to 7.5%
from 7.5%
to 10%
from 10%
to 12.5%
greater
than 12.5% Total
Euro 3,676 6,048 2,509 99 - 12,332
US dollar 489 2,469 6,298 12 191 9,459
Brazilian real 1,263 215 424 864 116 2,882
Canadian dollar 106 76 670 - - 852
Mexican peso - - 446 - - 446
Chinese renminbi 1 327 45 - - 373
Argentine peso 2 - 88 - 77 167
Polish zloty 9 139 11 - - 159
British pound 81 - - - - 81
Other 18 - - 1 2 21
Total Debt 5,645 9,274 10,491 976 386 26,772
For further information on the management of interest rate and currency risk reference should be made to the Note 35.
The fair value of Debt at 31 December 2011 amounts approximately to €25,239 million (approximately €18,391 million at 31 December 2010). These
amounts have been determined using the quoted market price of financial instruments, if available, or discounting the related future cash flows and using
the interest rates stated in Note 19, suitably adjusted to take account of the Group’s current creditworthiness.
At 31 December 2011 debt secured on assets of the Fiat Group excluding Chrysler amounts to €372 million, of which €281 million due to creditors for the
above mentioned assets acquired under finance leases. At 31 December 2010, Debt secured by encumbrances on assets of the Continuing Operations
amounted to €324 million, of which €286 million due to creditors for assets acquired under finance leases. The total carrying amount of assets acting as
security for loans amounts to €318 million at 31 December 2011 (€425 million at 31 December 2010 classified as Continuing Operations).
At 31 December 2011 debt secured on assets of Chrysler amounts to €5,751 million, and includes €4,780 relating to the principal amount of the Secured
Senior Notes and the Senior Secured credit Facility described below, €205 million due to creditors for assets acquired under finance leases and other debt
and financial commitments, principally government loans, for €766 million.
In addition, at 31 December 2011 the Group’s assets include current receivables to settle asset-backed financing of €679 million (€533 million at 31
December 2010 classified as Continuing Operations) - see Note 19.