Chrysler 2012 Annual Report Download - page 304

303
Fiat S.p.A. - Statutory
Financial Statements
at 31 December 2012
During 2012, intercompany transactions also related to management of the portfolio of investments in subsidiaries, whose effects on the Company’s
earnings and financial position were as described above, in particular:
dividends received from investees (see Note 1)
subscription to capital increases of €200.0 million for Fiat Group Automobiles S.p.A., €180.0 million for Maserati S.p.A., €39.0 million for Editrice
La Stampa S.p.A. and €25.0 million for Teksid Aluminum S.r.l. to strengthen their capital structure in consideration of their financial results (see
Note 11)
the acquisition from Fiat Group Automobiles S.p.A. of the residual 3.29% holding in Fiat Partecipazioni S.p.A. (€15.3 million) and the acquisition from Fiat
Finance S.p.A. of its 40% stake in Fiat Finance and Trade Ltd. S.A. (€115.5 million)
Related-party transactions (as defined under IAS 24) not involving subsidiaries are reported above under “Other related parties”. Those transactions
essentially related to:
dividends received from Fiat Industrial S.p.A. (see Note 1)
personnel and other services rendered (to Fiat Industrial S.p.A.) and financial advisory services (to Fiat Industrial Finance S.p.A.)
lease of office space (to Fiat Industrial S.p.A., Fiat Industrial Finance S.p.A., Exor S.p.A., Fondazione Giovanni Agnelli and Giovanni Agnelli & C. S.a.p.az.)
and cost charge-backs
purchase of services provided by management personnel (Fiat Industrial S.p.A.) and cost charge-backs
fees for the directors and statutory auditors of Fiat S.p.A., as well as the compensation component arising from stock option and stock grant plans for
the Chief Executive Officer based on Fiat S.p.A. shares
compensation due to Fiat S.p.A. executives with strategic responsibilities
30. Net financial position
Pursuant to Consob Communication of 28 July 2006 and in compliance with the CESR’s recommendations for the consistent implementation of the
European Commission’s Regulation on Prospectuses issued on 10 February 2005, the net financial position of Fiat S.p.A. at 31 December 2012 is as
follows:
(€ thousand) 31 December 2012 31 December 2011 Change
Cash and cash equivalents 554 744 (190)
Current financial receivables: 58,281 374,806 (316,525)
- from Group companies 58,281 374,806 (316,525)
- from third parties -- -
Non-current debt: (1,412,035) (2,162,892) 750,857
- due to Group companies (1,412,035) (2,162,892) 750,857
- due to third parties -- -
Current debt: (1,294,074) (1,075,432) (218,642)
- due to Group companies (1,266,774) (1,050,746) (216,028)
- due to third parties (27,300) (24,686) (2,614)
Net financial position (2,647,274) (2,862,774) 215,550
- due to Group companies (2,620,528) (2,838,832) 218,304
- due to third parties (26,746) (23,942) (2,804)