Chrysler 2013 Annual Report Download - page 235

234 Consolidated
Financial Statements
at 31 December 2013
Notes
Floating rate financial instruments consist principally of cash and cash equivalents, loans provided by the financial services companies to the
sales network and part of debt. The effect of the sale of receivables is also considered in the sensitivity analysis as well as the effect of hedging
derivative instruments.
A hypothetical, unfavorable and instantaneous change of 10% in short-term interest rates at 31 December 2013, applied to floating rate
financial assets and liabilities, operations for the sale of receivables and derivative financial instruments, would have caused increased net
expenses before taxes, on an annual basis, of approximately €13 million (€10 million at 31 December 2012).
This analysis is based on the assumption that there is a general and instantaneous change of 10% in interest rates across homogeneous
categories. A homogeneous category is defined on the basis of the currency in which the financial assets and liabilities are denominated.
Quantitative information on commodity price risk
The Group has entered into derivative contracts for certain commodities to hedge its exposure to commodity price risk associated with buying
raw materials used in its normal operations.
In connection with the commodity price derivative contracts outstanding at 31 December 2013, a hypothetical, unfavorable and instantaneous
change of 10% in the price of the commodities at that date would have caused a fair value loss of €45 million (€51 million at 31 December
2012).
36. Non-recurring transactions
Pursuant to Consob Communication DEM/6064293 of 28 July 2006, the Group did not carry out any significant non-recurring operations in
2013.
37. Transactions resulting from unusual and/or abnormal operations
Pursuant to Consob Communication DEM/6064293 of 28 July 2006, the Group did not carry out any unusual and/or abnormal operations in
2013 as defined in that Communication (for the definition of these see the Section – Format of the financial statements).
38. Other information
Pursuant to Articles 70 (8) and 71 (1-bis) of the Consob Issuer Regulations, the Board of Directors approved the opt-out from the obligation to
publish an information document for significant transactions (e.g., significant mergers, spin-offs, share capital increases by means of in-kind
contributions of assets, acquisitions and disposals).