Chrysler 2013 Annual Report Download - page 55

54 Report on Operations
31.12.2013 31.12.2012
(€ million) Fiat Chrysler
Fiat
excluding
Chrysler Fiat Chrysler
Fiat
excluding
Chrysler
Debt: (29,902) (9,544) (20,451) (27,889) (10,312) (17,586)
Asset-backed financing (596) - (596) (449) - (449)
Bonds, bank loans and other debt (29,306) (9,544) (19,855) (27,440) (10,312) (17,137)
Current financial receivables from jointly-controlled
financial services companies (a) 27 - 27 58 - 58
Intersegment financial receivables (b) - 7 86 - 9 -
Debt, net of current financial receivables from
jointly-controlled financial services companies and
intersegment financial receivables (29,875) (9,537) (20,338) (27,831) (10,303) (17,528)
Other financial assets (c) 533 97 436 519 45 474
Other financial liabilities (c) (137) (21) (116) (201) (42) (159)
Current securities 247 - 247 256 - 256
Cash and cash equivalents 19,439 9,676 9,763 17,657 8,803 8,854
Net (debt)/cash (9,793) 215 (10,008) (9,600) (1,497) (8,103)
Industrial Activities (6,649) 215 (6,864) (6,545) (1,497) (5,048)
Financial Services (3,144) - (3,144) (3,055) - (3,055)
Cash, cash equivalents and current securities 19,686 9,676 10,010 17,913 8,803 9,110
Undrawn committed credit lines 3,043 943 2,100 2,935 985 1,950
Total available liquidity 22,729 10,619 12,110 20,848 9,788 11,060
(a) Includes current financial receivables from FGA Capital Group, an associate recognized using the equity method.
(b) Relates to intragroup manufacturing agreements classified as finance leases in accordance with IFRIC 4 – Determining Whether an Arrangement Contains a Lease, in
addition to receivables relating to factoring transactions between Chrysler Group companies and Fiat Group Financial Services companies in EMEA.
(c) Includes fair value of derivative financial instruments.
Debt (bonds, bank loans and other debt) increased by approximately €1.9 billion to €29.3 billion. The Group issued bonds totaling €2.9 billion
during the year and repaid €1 billion at maturity. Excluding bonds, currency translation impacts (-€1.3 billion), and assets acquired and
consolidated during the period (approximately €0.2 billion), debt was €1.1 billion higher.
At 31 December 2013, cash, cash equivalents and current securities totaled €19.7 billion, an increase of approximately €1.8 billion over
year-end 2012, despite €900 million in negative currency translation impacts (relating primarily to depreciation of the U.S. dollar and
Brazilian real against the euro).
Total available liquidity, inclusive of €3.0 billion in undrawn committed credit lines, was €22.7 billion, a €1.9 billion increase over
31 December 2012, reflecting the positive contribution from financing activities throughout the year, including the increase of the syndicated
revolving credit facility of Fiat, net of €1.0 billion in negative currency translation effects. For Fiat excluding Chrysler, total available liquidity
was €12.1 billion (€11.1 billion at 2012 year-end) and for Chrysler the total was €10.6 billion, negatively impacted by currency translation
of €0.6 billion for the full year.
Financial Review – Fiat Group