Chrysler 2011 Annual Report Download - page 296

295
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2011
A breakdown of other financial assets by maturity is as follows:
(€ thousand) 31 December 2011 31 December 2010
Other financial assets
due within one year 3,920 136,024
due after one year but within five years 8,900 7,746
due beyond five years 146 177
Total 12,966 143,947
13. Other non-current assets
At 31 December 2011, other non-current assets totaled €90 thousand, a net increase of €57 thousand over 31 December 2010, and consisted of amounts
receivable from tax authorities and employees beyond 12 months.
14. Trade receivables
At 31 December 2011, trade receivables totaled €4,863 thousand, a net decrease of €3,215 thousand over 31 December 2010, and included the following:
(€ thousand) 31 December 2011 31 December 2010 Change
Third parties
- Receivables 2,600 7,892 (5,292)
- Allowance for doubtful accounts (156) (156) -
Total third parties 2,444 7,736 (5,292)
Trade receivables due from Group companies and other related parties 2,419 342 2,077
Total trade receivables 4,863 8,078 (3,215)
Trade receivables from third parties mainly relate to amounts due from Rete Ferroviaria Italiana S.p.A. for the progress of works on high speed rail sections
during the latter part of the year. These receivables match the trade payables resulting from the progress of the works to be paid to the consortia CAV.E.T.
and CAV.TO.MI. (see Note 24).
Trade receivables due from Group companies and other related parties includes adjustments made following reassessment of amounts receivable for
services provided and other items receivable.
The allowance for doubtful accounts has been calculated on the basis of an assessment of the risk on a number of minor receivables from others.
The carrying amount of trade receivables is deemed to approximate their fair value.
All trade receivables are due within one year and there are no significant amounts overdue.
15. Current financial receivables
At 31 December 2011, current financial receivables totaled €374,806 thousand, a net increase of €63,280 thousand over 31 December 2010 and
consisted of amounts receivable from Group companies, as detailed below:
(€ thousand) 31 December 2011 31 December 2010 Change
Current account with Fiat Finance S.p.A. 336,479 196,529 139,950
Assets arising from derivative financial instruments 38,327 114,997 (76,670)
Total current financial receivables 374,806 311,526 63,280
The current account with Fiat Finance S.p.A. reflects the balance on the account held with that company as part of the Group’s centralized treasury
management.