Chrysler 2013 Annual Report Download - page 329

328 Fiat S.p.A.
Statutory Financial
Statements
at 31 December 2013
Notes
provision of sureties and other guarantees (see Note 26) on issues of bonds (Fiat Finance and Trade Ltd. S.A. and Fiat Finance
North America Inc.), bank loans and credit facilities (Fiat Finance S.p.A., Fiat Automoveis S.A.- FIASA, Fiat Finance and Trade Ltd. S.A.,
Fiat Finance North America Inc. and other minor subsidiaries), property rental payments (Fiat Group Automobiles S.p.A. and its
subsidiaries) and to tax authorities for Group company VAT credits
management of current accounts, obtaining short-term and long-term loans and management of derivative financial instruments
(Fiat Finance S.p.A.)
purchases of administrative and tax consultancy services and related IT systems (Fiat Services S.p.A. and Fiat I.T.E.M. S.p.A.), public
relations services (Fiat Group Marketing & Corporate Communication S.p.A.), personnel and other management services (Fiat Servizi
per l’Industria S.c.p.A.), security services (Orione S.c.p.A. and Sirio S.c.p.A.), supervisory and internal audit services (Fiat China
Business Co. Ltd., Fiat do Brasil S.A., Fiat Services Polska Sp. z o.o. and Fiat Finance et Service S.A.), vehicle leases (Leasys S.p.A.),
management and maintenance services and office space (Fiat Partecipazioni S.p.A.) and expense recoveries
During 2013, intercompany transactions also related to management of the portfolio of investments in subsidiaries, whose effects on the
Company’s earnings and financial position were as described above, in particular:
dividends received from investees (see Note 1)
subscription to capital increases of €1,650 million for Fiat Group Automobiles S.p.A., €70 million for Editrice La Stampa S.p.A. and
€18 million for Teksid Aluminum S.r.l. to strengthen their capital structure in consideration of their financial results (see Note 11)
Related-party transactions (as defined under IAS 24) not involving subsidiaries are reported above under “Other related parties”. Those
transactions essentially related to:
personnel, internal audit, financial advisory and other services (to CNH Industrial Group companies)
lease of office space (to CNH Industrial Group companies, Exor S.p.A., Fondazione Giovanni Agnelli and Giovanni Agnelli & C. S.a.p.az.) and
cost charge-backs
payment for services provided by management personnel from CNH Industrial Group companies, together with related cost charge-backs
fees for the directors and statutory auditors of Fiat S.p.A., as well as the compensation component arising from stock option and stock grant
plans for the Chief Executive Officer based on Fiat S.p.A. shares
compensation due to Fiat S.p.A. executives with strategic responsibilities
Finally, there were also the following related party transactions described in more detail above:
dividends received from Fiat Industrial S.p.A. (see Note 1)
subscription to the capital increase of RCS MediaGroup S.p.A. (see Note 11)