Chrysler 2014 Annual Report Download - page 204

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202 2014 | ANNUAL REPORT
Consolidated
Financial Statements
Notes to the Consolidated
Financial Statements
Other current assets
At December 31, 2014, Other current assets mainly consisted of Other tax receivables for VAT and other indirect taxes
of €1,430 million (€969 million at December 31, 2013), Receivables from employees of €151 million (€151 million at
December 31, 2013) and Accrued income and prepaid expenses of €515 million (€442 million at December 31, 2013).
Transfer of financial assets
At December 31, 2014, the Group had receivables due after that date which had been transferred without
recourse and which were derecognized in accordance with IAS 39 amounting to €4,511 million (€3,603 million at
December 31, 2013). The transfers related to trade receivables and other receivables for €3,676 million (€2,891
million at December 31, 2013) and financial receivables for €835 million (€712 million at December 31, 2013). These
amounts include receivables of €2,611 million (€2,177 million at December 31, 2013), mainly due from the sales
network, transferred to jointly controlled financial services companies (FCA Bank).
At December 31, 2014 and 2013, the carrying amount of transferred financial assets not derecognized and the related
liabilities were as follows:
At December 31,
2014 2013
Trade
receivables
Receivables
from
financing
activities
Current tax
receivables Total
Trade
receivables
Receivables
from
financing
activities
Current tax
receivables Total
(€ million)
Carrying amount of
assets transferred and
not derecognized 37 407 25 469 283 440 33 756
Carrying amount of the
related liabilities 37 407 25 469 283 440 33 756
19. Current securities
Current securities consist of short-term or marketable securities which represent temporary investments, but which do
not satisfy all the requirements to be classified as cash equivalents.
At December 31,
2014 2013
(€ million)
Current securities available-for-sale 30 92
Current securities held-for-trading 180 155
Total current securities 210 247