Chrysler 2014 Annual Report Download - page 13

2014 | ANNUAL REPORT 11
Selected Financial Data
The following tables set forth selected historical consolidated financial and other data of FCA and has been derived, in
part, from:
the Consolidated financial statements of FCA for the years ended December 31, 2014, 2013 and 2012, included
elsewhere in this document; and
the Consolidated financial statements of the Fiat Group for the years ended December 31, 2011 and 2010, which
are not included in this document.
This data should be read in conjunction with Risk Factors, Operating Results and the Consolidated financial
statements and related notes included elsewhere in this report.
Effective January 1, 2011, Fiat transferred a portion of its assets and liabilities to Fiat Industrial S.p.A., or Fiat Industrial,
now known as CNH Industrial N.V., or CNH Industrial, or CNHI, in the form of a scissione parziale proporzionale
(“partial proportionate demerger”) in accordance with Article 2506 of the Italian Civil Code.
On May 24, 2011, the Group acquired an additional 16 percent (on a fully-diluted basis) of FCA US, increasing its
interest to 46 percent (on a fully-diluted basis). As a result of the potential voting rights associated with options
that became exercisable on that date, the Group was deemed to have obtained control of FCA US for purposes of
consolidation. The operating activities from this acquisition date through May 31, 2011 were not material to the Group.
As such, FCA US was consolidated on a line-by-line basis by FCA with effect from June 1, 2011. Therefore the results
of operations and cash flows for the years ended December 31, 2014, 2013 and 2012 are not directly comparable
with those for the year ended December 31, 2011.
The Group adopted IAS 19 revised from January 1, 2013 and retrospectively applied those amendments from January
1, 2012. The Group also adopted IFRS 11 from January 1, 2014 and also retrospectively applied those amendments
from January 1, 2012. These amendments were not applied to the Consolidated income statement or to the
Consolidated Statement of Financial position for the years ended December 31, 2011 and 2010. Accordingly, these
statements are not directly comparable with those for the years ended and as of December 31, 2014, 2013 and 2012.
Selected Financial Data