Chrysler 2011 Annual Report Download - page 286

285
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2011
7. Financial income/(expense)
Following is a breakdown of financial income/(expense):
(€ thousand) 2011 2010
Financial income 38,081 31,210
Financial expense (364,654) (234,830)
Net gains/(losses) on derivative financial instruments (108,073) 110,585
Total financial income/(expense) (434,646) (93,035)
Financial income consisted of the following:
(€ thousand) 2011 2010
Financial income from Group companies and other related parties
- Interest income on current account with Fiat Finance S.p.A. 32,123 22,938
- Fee income for sureties and personal guarantees 4,699 5,255
- Other financial income 41 52
Total financial income from Group companies and other related parties 36,863 28,245
Financial income from third parties:
- Interest income on bank and other deposits 66
- Interest income on tax credits 1,060 2,963
Total financial income from third parties 1,066 2,969
Currency translation gains/(losses) 152 (4)
Total financial income 38,081 31,210
Financial expense consisted of the following:
(€ thousand) 2011 2010
Financial expense to Group companies and other related parties
- Interest expense on current account with Fiat Finance S.p.A. --
- Interest expense on loans from Fiat Finance S.p.A. 347,819 224,955
- Commissions and other charges payable to Fiat Netherlands Holding N.V. -5,808
- Commissions and other charges payable to Fiat Finance S.p.A. 6,521 79
- Commissions and other charges payable to Fidis S.p.A. 471 1,642
- Interest and financial expense payable to other Group companies and other related parties 150 119
Total financial expense to Group companies and other related parties 354,961 232,603
Financial expense payable to third parties:
- Interest expense and charges for the sale of receivables 815 847
- Financial expense on employee benefits 302 517
- Other third party interest and financial expense 896 863
Total financial expense to third parties 2,013 2,227
Net adjustment for fair value measurement of Fiat Industrial shares (see Note 11) 7,680 -
Total financial expense 364,654 234,830