Chrysler 2011 Annual Report Download - page 324

323
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2011
31 December 2010
Counterparty
(€ thousand)
Other
financial
assets
Trade
receivables
Current
financial
receivables
Other
current
receivables
Non-current
employee
provisions
Non-current
debt
Other
non-current
liabilities
Trade
payables
Current
debt
Other
debt
CNH Italia S.p.A. - - - 7 - - - - - 104
Fiat Group Automobiles S.p.A. - 56 - - - - - 151 - -
Fiat Finance S.p.A. - - 311,526 88 - 2,550,000 - - 147,507 39
Fiat Group Marketing & Corp.C. S.p.A. - - - - - - - 783 - -
Fiat-Revisione Interna S.c.r.l. - - - 180 - - - - - -
Fiat Servizi per l’Industria S.c.p.A. - - - - - - - 145 - -
Fiat Partecipazioni S.p.A. - - - - - - - 121 - -
Leasys S.p.A. - - - 49 - - - 164 - -
Sirio S.c.p.A. - - - - - - - 537 - -
Other Group companies - 207 - 30 - - - 197 - 65
IRES tax consolidation - - - 240,192 - - - - - 211,576
VAT consolidation - - - - - - - - - 131,408
Financial guarantees 11,442 - - - - 11,442 - - - -
Total Group companies 11,442 263 311,526 240,546 - 2,561,442 - 2,098 147,507 343,192
Other related parties - 79 - - 13,128 - - 166 - 8,308
Total Group companies and other
related parties 11,442 342 311,526 240,546 13,128 2,561,442 - 2,264 147,507 351,500
Total 143,947 8,078 311,526 350,554 20,072 2,561,442 13,561 41,011 294,592 368,408
% of total line item 8% 4% 100% 69% 65% 100% 0% 6% 50% 95%
Items arising from the domestic tax consolidation (see Notes 16 and 26) and the consolidated VAT settlement (see Note 26) are not reported in the above
tables, as they do not represent actual commercial transactions between Group companies but relate only to the financial treatment provided under the
Italian tax code for relationships between Italian Group companies and the tax authorities. Similarly, balances relating to financial guarantees (offsetting
assets and liabilities) are not broken down by counterparty, as they only represent the present value of estimated fees to be earned in future years and are
considered not material (see Notes 12 and 21).
Details of the most significant transactions between Fiat S.p.A. and Group companies summarized in the above tables are as follows:
services provided by Fiat S.p.A. and management personnel at various Group companies (to Fiat Group Automobiles S.p.A., Magneti Marelli S.p.A., Ferrari
S.p.A., Maserati S.p.A., Fiat Powertrain Technologies S.p.A., Fiat Group Purchasing S.r.l., Teksid S.p.A., Comau S.p.A. and other minor companies)
lease of property or office space (to Fiat Finance S.p.A., Fiat Group Marketing & Corporate Communication S.p.A., Fiat Partecipazioni S.p.A., Fiat I.T.E.M.
S.p.A. and other minor companies) and the recovery of directors’ fees and expenses
provision of sureties and other guarantees (see Note 27) on issues of bonds and Billets de Trésorerie (Fiat Finance and Trade Ltd S.A. and Fiat Finance
North America Inc.), bank loans and credit facilities (Fiat Finance and Trade Ltd S.A., Fiat Finance S.p.A., Fiat Automoveis S.A.- FIASA, Fiat Finance North
America Inc. and other minor subsidiaries), property rental payments (Fiat Group Automobiles S.p.A. and its subsidiaries) and to tax authorities for Group
company VAT credits
management of current accounts, obtaining short- and long-term loans, management of derivative financial instruments and financial advisory services
(Fiat Finance S.p.A.)