Chrysler 2012 Annual Report Download - page 167

Notes
166 Consolidated
Financial
Statements
at 31 December
2012
In 2012, exchange losses of €364 million mainly reflect the depreciation of the US Dollar and the Brazilian Real against the Euro, partially offset by the
appreciation of the Polish Zloty against the Euro. In 2011, exchange gains of €706 million reflected the appreciation of the US Dollar against the Euro from
the end of May when Chrysler was consolidated for the first time, partially offset by the depreciation of the Brazilian Real and the Polish Zloty against the
Euro.
In 2012 Other changes mainly consisted of the reclassification of the prior year balances for Advances and tangible assets in progress to the respective
categories when the assets were acquired and entered service.
In 2011 the overall increase of €9,671 million in Change in the scope of consolidation mainly had reflected the consolidation of Chrysler.
At 31 December 2012, Property, plant and equipment of the Fiat Group excluding Chrysler reported as pledged as collateral for loans, mainly relates to
assets that are legally owned by suppliers but are recognised in the consolidated financial statements in accordance with IFRIC 4 with the corresponding
recognition of a financial lease payable. They were as follows:
(€ million) At 31 December 2012 At 31 December 2011
Land and industrial buildings of pledged as security for debt 31 50
Plant and machinery pledged as security for debt and other commitments 259 260
Other assets pledged as security for debt and other commitments 67
Property plant and equipment pledged as security for debt 296 317
The amount of Property, plant and equipment of Chrysler at 31 December 2012 is €12,069 million (€11,050 million at 31 December 2011). Substantially
all the Property, plant and equipment of Chrysler Group LLC and its U.S. subsidiary guarantors are pledged as securities for certain Chrysler’s outstanding
debt (see Note 28).
At 31 December 2012, the Group had contractual commitments for the purchase of Property, plant and equipment amounting to €919 million (€965 million
at 31 December 2011).
17. Investments and other financial assets
(€ million) At 31 December 2012 At 31 December 2011
Investments in jointly controlled entities 1,419 1,400
Investments in associates 58 131
Investments in subsidiaries 33 48
Investments accounted for using the equity method 1,510 1,579
Investments at fair value with changes directly in other comprehensive income 142 116
Investments at fair value with changes in profit or loss 153 149
Investments at fair value 295 265
Investment in subsidiaries 18 18
Investments in associates 23 20
Investments in other entities 15 17
Investments measured at cost 56 55
Total Investments 1,861 1,899
Non-current financial receivables 310 334
Other securities and other financial assets 119 427
Total Investments and other financial assets 2,290 2,660