Chrysler 2013 Annual Report Download - page 155

154 Consolidated
Financial Statements
at 31 December 2013
Notes
The main aggregate amounts related to the Group interests in associates measured at cost are as follows:
(€ million) At 31 December 2013 At 31 December 2012
Total assets 30 35
Liabilities 13 16
(€ million) 2013 2012
Net revenues 47 48
Net profit/(loss) 54
Acquisitions or disposals
No significant subsidiaries were acquired or disposed of in 2013. Nevertheless, as discussed above on 1 July 2013, through its potential voting
rights, the Fiat Group acquired control of the VM Motori group in accordance with IAS 27 - Consolidated and Separate Financial Statements.
The company, which was previously consolidated by using the equity method, was consolidated on a line-by-line basis from that date. On the
same date, General Motors, holding the 50% remaining interest in VM Motori, notified Fiat of the exercise of its put option to sell its interest,
subject to the approval of the relevant anti-trust authorities. The transaction closed on 28 October 2013 with the payment of a purchase
consideration of €34.1 million. Other option rights existing at that date expired unexercised. At 31 December 2013, the purchase price
allocation was completed with the recognition of goodwill for €15 million. Amounts of fair valued assets and liabilities acquired are disclosed
as Change in the scope of consolidation, where significant in the relevant Notes.
No significant subsidiaries were acquired or disposed of in 2012. Nevertheless, in January 2012, as a result of the occurrence of the third
performance event (“Ecological Event”) established in Chrysler’s LLC Operating Agreement, the Group acquired a further 5% interests in
Chrysler with no monetary consideration. At 31 December 2012, Fiat had therefore a 58.5% ownership interest in Chrysler.