Chrysler 2011 Annual Report Download - page 217

Consolidated
Financial
Statements
at 31 December
2011
Notes
216
Net financial position
In compliance with Consob Regulation issued on 28 July 2006 and in conformity with the Cesar’s “Recommendations for the consistent implementation of
the European Commission’s Regulation on Prospectuses” issued on 10 February 2005, the Net financial position of the Group is as follows:
At 31 December 2011 At 31 December 2010
(€ million)
Fiat Group
excluding
Chrysler Chrysler Elimination
Total
Fiat
Group
of which
Related
parties
Continuing
Operations
Discontinued
Operations
Total
Fiat
Group
of which
Related
parties
A. Cash and cash equivalents 10,106 7,420 - 17,526 - 11,967 3,686 15,653 -
B. Current securities (securities held for trading) 199 - - 199 - 185 24 209 -
C. Liquidity (C) = (ABS) 10,305 7,420 - 17,725 - 12,152 3,710 15,862 -
D. Receivables from financing activities
(Current financial receivables) 3,958 20 (10) 3,968 197 2,866 10,908 13,774 129
of which: From jointly-controlled financial services entities 21 - - 21 21 12 - 12 12
of which: financial receivables for intragroup leased assets
(IFRIC 4) - 10 (10) - - - - - -
E. Financial Receivables from Discontinued/Continuing
Operations - - - - - 5,626 2,865 - -
F. Other financial assets 430 127 - 557 - 516 88 604 -
G. Debt 16,245 10,537 (10) 26,772 331 20,804 18,695 31,008 553
of which: financial payables for intragroup leased assets
(IFRIC 4) 10 - (10) - -
H. Other financial liabilities 329 100 - 429 - 255 147 402 -
I. Net financial position (I) = (C+D+E+F-G-H) (1,881) (3,070) - (4,951) (134) 101 (1,271) (1,170) (424)
The item Receivables from financing activities includes the entire portfolio of the financial services entities, classified as current assets as they will be realised
during the normal operating cycle of these companies.
The following is reconciliation between the Net financial position as presented in the above table and Net debt as presented in the Report on Operations:
At 31 December 2011 At 31 December 2010
(€ million)
Fiat Group
excluding
Chrysler Chrysler
Total Fiat
Group
Continuing
Operations
Discontinued
Operations Total
Consolidated net debt as presented in the Report on Operations (5,818) (3,080) (8,898) (2,753) (12,179) (14,932)
Less: Current financial receivables, excluding those due from jointly controlled
financial services companies, amounting to €21 million at 31 December 2011
(€12 million at 31 December 2010 relating to Continuing Operations), and financial
receivables for leased assets under IFRIC 4 3,937 10 3,947 2,854 10,908 13,762
Net financial position (1,881) (3,070) (4,951) 101 (1,271) (1,170)
Reference should be made to Notes 19, 20, 21 and 22 and the information provided in this Note for a further analysis of the items in the table.