Chrysler 2013 Annual Report Download - page 151

150 Consolidated
Financial Statements
at 31 December 2013
Notes
2012
(€ million)
Amounts as
previously reported
IAS 19 revised
adoption
effect
Amounts as
restated
Effects on Consolidated statement of cash flows
Cash flows from/(used in) operating activities
Profit/(loss) for the period 1,411 (515) 896
Other non-cash items 47 515 562
IFRS 13 – Fair Value Measurement
The new standard clarifies the measurement of fair value for the purpose of the financial statements and is applicable to all IFRSs permitting
or requiring a fair value measurement or the presentation of disclosures based on fair value. Moreover, IFRS 13 includes extensive disclosure
requirements on the fair value measurements. In accordance with the relevant transitional provision, the Group adopted the new fair value
measurement guidance prospectively since 1 January 2013 without applying the new disclosure requirements in the standard for comparative
information reported in this Annual report. Other than the additional disclosures on the fair value measurement reported in the Note 30, the
adoption of the new standard had no significant effect on the amounts recognized in this Annual report.
Amendments to IAS 1 – Presentation of Financial Statements: Presentation of items of Other Comprehensive Income
The amendments required items of Other comprehensive income/(losses) to be grouped on the basis of whether they will be reclassified
subsequently to the Income Statements when specific conditions are met. The Group adopted these amendments in this Annual report and
modified the presentation of items of Other comprehensive income. Comparative information has been reclassified accordingly.
Amendments to IFRS 7 – Financial Instruments: Disclosures: Offsetting Financial Assets and Financial Liabilities
The amendments require information about the effect or potential effect of netting arrangements for financial assets and liabilities on an entity’s
financial position. The Group applied the amendments since 1 January 2013 retrospectively. The adoption of the amendments had no impacts
on the disclosure or on the amounts recognized in this Annual report.
Amendments to IAS 1 – Presentation of Financial Statements (as part of the Annual Improvements to IFRS’s – 2009-2011 Cycle)
On 17 May 2012, the IASB issued a number of amendments to IFRSs (“Annual Improvements to IFRS’s – 2009-2011 Cycle”). The amendments
that are relevant to the Group, effective 1 January 2013, are the amendments to IAS 1 – Presentation of Financial Statements. The amendments
clarify the way in which comparative information should be presented when an entity changes accounting policies or retrospectively restates
or reclassifies items in its financial statements and when an entity provides comparative information in addition to the minimum comparative
financial statements. The amendments were applied by the Group for the restatement of the amounts presented in the statements of financial
position as a result of applying the amendments to IAS 19 by adding a third Statement of financial position as of 1 January 2012.