Chrysler 2014 Annual Report Download - page 153

2014 | ANNUAL REPORT 151
For the Year Ended December 31, 2013 For the Year Ended December 31, 2012
Amounts
as originally
reported IFRS 11
Amounts
as adjusted
Amounts
as originally
reported IFRS 11
Amounts
as adjusted
(€ million)
Effects on Consolidated statement
of cash flows
Cash and cash equivalents at beginning
of the period 17,657 9 17,666 17,526 — 17,526
Cash flows from/(used in) operating activities 7,589 29 7,618 6,444 48 6,492
Of which
Profit/(loss) for the period — — — 896 — 896
Other non-cash items — — — 562 20 582
Cash flows from/(used in) investing activities (8,086) 32 (8,054) (7,537) (5) (7,542)
Cash flows from/(used in) financing activities 3,188 (52) 3,136 1,643 (33) 1,610
Translation exchange differences (909) (2) (911) (419) (1) (420)
Total change in cash and cash equivalents 1,782 7 1,789 131 9 140
Cash and cash equivalents at end of the period 19,439 16 19,455 17,657 9 17,666
IFRS 10 - Consolidated Financial Statements
The Group adopted IFRS 10, as amended, effective January 1, 2014. The new standard builds on existing principles
by identifying a single control model applicable to all entities, including “structured entities”. The standard also provides
additional guidance to assist in the determination of control where this is difficult to assess.
In accordance with the transition provision in IFRS 10, the Group reassessed the conclusion on control of its investees
on January 1, 2014 without reporting any significant effect on the adoption of the new standard.
IFRS 12 - Disclosure of Interests in Other Entities
The Group adopted IFRS 12, as amended, effective January 1, 2014. The standard is a new and comprehensive
standard on disclosure requirements for all forms of interests in other entities, including subsidiaries, joint
arrangements, associates, structured entities and other unconsolidated entities. Other than the modifications to the
disclosures regarding these interests reported in these Consolidated financial statements, the adoption of the new
standard did not have any effect on these Consolidated financial statements.
Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32 – Financial Instruments: Presentation)
The Group adopted the amendments to IAS 32 – Financial Instruments: Presentation effective January 1, 2014.
The amendments clarify the application of certain offsetting criteria for financial assets and financial liabilities and are
required to be applied retrospectively. There was no significant effect on the Consolidated financial statements from
the application of these amendments.
Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36 – Impairment of assets)
The Group adopted the amendments to IAS 36 – Recoverable Amount Disclosures for Non-Financial Assets on
January 1,2014 which addresses the disclosure of information about the recoverable amount of impaired assets if
the recoverable amount is based on fair value less cost of disposal. There was no effect on the Consolidated financial
statements from the adoption of these amendments. The application of these amendments will result in expanded
disclosure in the notes to future consolidated financial statements when there is an impairment that is based on fair
value less cost of disposal.