Chrysler 2013 Annual Report Download - page 176

175
Consolidated
Financial Statements
at 31 December 2013
Investments accounted for using the equity method
The equity method investees are as follows:
At 31 December 2013 At 31 December 2012
Operating
segment % of interest (€ million) % of interest (€ million)
FGA Capital S.p.A. EMEA 50.0 839 50.0 770
Tofas-Turk Otomobil Fabrikasi A.S. EMEA 37.9 240 37.9 329
Società Europea Veicoli Leggeri-Sevel S.p.A. EMEA 50.0 104 50.0 102
GAC Fiat Automobiles Co. Ltd. APAC 50.0 85 50.0 90
Fiat India Automobiles Limited APAC 50.0 76 50.0 35
VM Motori S.p.A.(*) EMEA - - 50.0 37
Other 61 53
Total Investments in jointly controlled entities 1,405 1,416
RCS MediaGroup S.p.A.
OTHER
ACTIVITIES 16.4 87 10.1 28
Other 36 30
Total Investments in associates 123 58
Total Investments in subsidiaries 33 33
Total investments accounted for using the equity method 1,561 1,507
(*) This investment was consolidated on a line by line basis from the 1st July 2013.
On 30 July 2013 the Group, Crédit Agricole and Crédit Agricole Consumer Finance reached an agreement to extend the 50/50 Joint venture
in FGA Capital S.p.A. up to 31 December 2021.
Tofas-Turk Otomobil Fabrikasi A.S., which is a listed entity, is classified as a jointly controlled entity as both partners have a shareholding of
37.9%.
With reference to the interest in RCS MediaGroup S.p.A. (“RCS”), as a result of the subscriptions of the share capital in 2013 Fiat increased its
ownership to 16.4% of the whole capital (representing a 20.55% of ordinary shares) with a €94 million cash investment. In order to account for
this investment, reference was made to the company’s most recent published financial statements, being the “Interim Management Statements
at 30 September 2013”.
At 31 December 2013, the stock market price of equity investments in listed entities is as follows:
(€ million) Carrying value Stock market price
Tofas - Turk Otomobil Fabrikasi A.S. 240 857
RCS MediaGroup S.p.A. 87 115