Chrysler 2012 Annual Report Download - page 278

277
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2012
12. Other financial assets
A breakdown of other financial assets is provided in the following table:
(€ thousand) 31 December 2012 31 December 2011 Change
Fees receivable for guarantees given 12,035 12,892 (857)
Debt securities 74 74 -
Total other financial assets 12,109 12,966 (857)
Fees receivable for guarantees given represent the present value of fees to be received in future years for guarantees issued by the Company (mainly relating
to loans of Group companies).
Debt securities consist of listed Italian government securities pledged to fund scholarship grants.
A breakdown of other financial assets by maturity is as follows:
(€ thousand) 31 December 2012 31 December 2011
Other financial assets
due within one year 3,789 3,920
due after one year but within five years 8,254 8,900
due beyond five years 66 146
Total 12,109 12,966
13. Other non-current assets
At 31 December 2012, other non-current assets totaled €65 thousand, a net decrease of €25 thousand over 31 December 2011, and consisted of
amounts receivable from tax authorities and employees beyond 12 months.
14. Trade receivables
At 31 December 2012, trade receivables totaled €4,756 thousand, a net decrease of €107 thousand over 31 December 2011, and included the following:
(€ thousand) 31 December 2012 31 December 2011 Change
Third parties
- Receivables 2,926 2,600 326
- Allowance for doubtful accounts (156) (156) -
Total third parties 2,770 2,444 326
Trade receivables due from Group companies and other related parties 1,986 2,419 (433)
Total trade receivables 4,756 4,863 (107)
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. Those receivables match the trade payables to the consortia CAV.E.T. and CAV.TO.MI. in relation to contract work
completed (see Note 23). At 31 December 2012, certain trade receivables relating to contract work completed on the Bologna-Florence high-speed railway
line had been factored, however, as required by IAS 39, they continued to be recognized along with the corresponding liability under advances on factored
receivables (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.