Chrysler 2011 Annual Report Download - page 341

340 Reports of
the Board of
Statutory
Auditors
Shareholders,
The 2011 consolidated financial statements of Fiat S.p.A. presented to you report a net profit of €1,651 million, of which €317 million is
attributable to non-controlling interests. The financial statements were provided to us by the statutory deadline, together with the report
on operations, and were prepared in accordance with International Financial Reporting Standards (IFRS), as adopted by the European
Union, and Italian regulations issued pursuant to Article 9 of Legislative Decree 38/2005.
The audit conducted by Deloitte & Touche S.p.A., the independent auditors, led to their opinion that:
“the consolidated financial statements of the Fiat Group as of and for the year ended 31 December 2011 comply with International
Financial Reporting Standards as adopted by the European Union and the requirements of national regulations issued pursuant to art.
9 of Italian Legislative Decree n. 38/2005; accordingly, they give a true and fair view of the financial position, of the results of operations
and of the cash flows of the Fiat Group as of and for the year then ended.”
The audit report also stated that:
“In our opinion, the report on operations and the information reported in compliance with art. 123-bis of Italian Legislative Decree
n. 58/98 paragraph 1, letters c), d), f), l), m) and paragraph 2, letter b) included in the annual report on Corporate Governance are
consistent with the consolidated financial statements of the Fiat Group as of and for the year ended 31 December 2011.”
In application of Article 41 (3) of Legislative Decree 127/1991, the Board of Statutory Auditors did not review that information or the
consolidated financial statements, except as specified below.
The definition of the scope of consolidation, and the methods and procedures applied for consolidation of investees conform to the
requirements of IFRS. Accordingly, the structure of the consolidated financial statements is technically correct and consistent overall
with applicable legislation.
The report on operations adequately represents the operating and financial performance of the Group for 2011, as well as events
relevant to the consolidated group of companies occurring subsequent to year end. Based on our examination, the report is consistent
with the consolidated financial statements.
Turin, 28 February 2012
The Statutory Auditors
Riccardo Perotta /s/ Riccardo Perotta
Giuseppe Camosci /s/ Giuseppe Camosci
Piero Locatelli /s/ Piero Locatelli
Report of the Board of Statutory Auditors
on the Consolidated Financial Statements