Chrysler 2013 Annual Report Download - page 308

307
Fiat S.p.A. Statutory
Financial Statements
at 31 December 2013
The reserve consists of the following:
(€ thousand) 31 December 2013 31 December 2012 Change
Items that will not be reclassified to Income Statement:
– Gains/(losses) on remeasurement of defined benefit plans (3,967) (5,151) 1,184
Items that will be reclassified to Income Statement:
– Gains/(losses) recognized directly in fair value reserve
(investments in other companies) (12,969) (17,375) 4,406
Total Other comprehensive income before tax adjustments (16,936) (22,526) 5,590
– Tax effects relating to components of other comprehensive income -- -
Total gains/(losses) recognized directly in equity (16,936) (22,526) 5,590
Stock option reserve
At 31 December 2013, the stock option reserve totaled €62,631 thousand, a net increase of €9,069 thousand over 31 December 2012. The
change primarily related to existing stock option and stock grant plans serviced by Fiat S.p.A. shares.
Other reserves
At 31 December 2013, other reserves totaled €89,829 thousand, unchanged versus 31 December 2012, and consisted of the following:
Reserves pursuant to Law 413/1991: a total of €22,591 thousand corresponding to the compulsory revaluation of property (net of related
taxes) allocated to a specific reserve, pursuant to Law 413 of 30 December 1991
Extraordinary reserve: a total of €28,044 thousand corresponding to the amount approved by shareholders on 11 May 2004
Reserve for spin-off difference: a total of €39,194 thousand representing the positive difference arising from the spin-off of activities by
Fiat Partecipazioni S.p.A. on 29 December 2008
Own shares
At 31 December 2013, the book value of own shares held was €258,958 thousand, consisting of 34,577,867 ordinary shares with an
aggregate par value of €123,789 thousand.
Changes during the year were as follows:
Number of ordinary
shares
Total carrying value
(€ thousands)
Average unitary value
(€) % share capital
31 December 2012 34,577,766 258,957 7.489 2.77%
Purchases 101 1 - -
31 December 2013 34,577,867 258,958 7.489 2.76%
During the year, a total of 101 own shares were purchased from shareholders, which represented the fractions of ordinary shares resulting from
the mandatory conversion of preference and savings shares into Fiat S.p.A. ordinary shares in 2012. A description of shareholder authorizations
for the purchase of own shares is provided above.