Chrysler 2011 Annual Report Download - page 313

Fiat S.p.A.
Statutory
Financial
Statements
at 31 December
2011
Notes
312
22. Other non-current liabilities
At 31 December 2011, other non-current liabilities totaled €18,214 thousand, representing a net increase of €4,653 thousand over 31 December 2010.
The item consisted of the following:
(€ thousand) 31 December 2011 31 December 2010 Change
Non-current post-employment benefits to be paid:
to a former Chief Executive Officer 4,069 4,385 (316)
to former employees 14,145 9,176 4,969
Total other non-current liabilities 18,214 13,561 4,653
The item non-current post-employment benefits to be paid represents the present value of benefits (see Note 20) to be paid to a former Chief Executive
Officer and management personnel that have left the Company.
A breakdown of other non-current liabilities by due date is as follows:
(€ thousand) 31 December 2011 31 December 2010
Other non-current liabilities
due within one year 1,050 819
due after one year but within five years 5,834 4,550
due beyond five years 11,330 8,192
Total 18,214 13,561
23. Provisions for employee benefits and other current provisions
At 31 December 2011, this item totaled €19,380 thousand, a net increase of €10,106 thousand over 31 December 2010, and consisted of the following:
(€ thousand)
31 December
2010 Accruals
Utilizations and
Other changes
31 December
2011
Provisions for employee bonuses and similar provisions 9,274 10,998 (892) 19,380
Total provisions for employee benefits and other current provisions 9,274 10,998 (892) 19,380
This item essentially reflects the best estimate for the variable compensation component.
Changes in provisions for employee benefits and other current provisions during 2010 were as follows:
(€ thousand)
31 December
2009 Accruals
Utilizations and
Other changes
31 December
2010
Total provisions for employee benefits and other current provisions 8,464 8,919 (8,109) 9,274