Chrysler 2015 Annual Report Download - page 182

182 2015 | ANNUAL REPORT
Consolidated
Financial Statements
Notes to the Consolidated
Financial Statements
13. Investments and other financial assets
The following table summarizes our Investments and other financial assets:
At December 31,
2015 2014
(€ million)
Interest in joint ventures 1,528 1,329
Interest in associates 80 105
Interest in unconsolidated subsidiaries 50 37
Equity method investments 1,658 1,471
Available-for-sale investments 203 124
Investments at fair value 203 124
Other investments measured at cost 64 59
Total Investments 1,925 1,654
Non-current financial receivables 271 296
Other securities and other financial assets 46 70
Total Investments and other financial assets 2,242 2,020
Our ownership percentages and carrying value of our investments accounted for under the equity method were as
follows:
Ownership Percentage Investment balance
At December
31, 2015
At December
31, 2014
At December
31, 2015
At December
31, 2014
(€ million)
Interest in Joint Ventures
FCA Bank S.p.A. (“FCA Bank”) 50% 50% 985 894
Tofas-Turk Otomobil Fabrikasi A.S. (“Tofas”) 37.9% 37.9% 305 299
GACFIATChrysler AutomobilesCo. 50% 50% 145 45
Others 93 91
Total Interest in Joint Ventures 1,528 1,329
Interest in Associates
RCS MediaGroup S.p.A. (“RCS”) 16.7% 16.7% 51 74
Others 29 31
Total Interest in Associates 80 105
FCA Bank, which is a joint venture with Crédit Agricole Consumer Finance S.A. FCA Bank operates in 16 European
countries including Italy, France, Germany, UK and Spain. In July 2013, the Group reached an agreement with Crédit
Agricole to extend the term of the joint venture through to December31, 2021. Under the agreement, FCA Bank will
continue to benefit from the financial support of the Crédit Agricole Group while continuing to strengthen its position
as an active player in the securitization and debt markets. FCA Bank provides retail and dealer financing and long-term
rental services in the automotive sector, directly or through its subsidiaries as a partner of the Group’s mass-market
vehicle brands and for Maserati and Ferrari vehicles.
Tofas, which is registered with the Turkish Capital Market Board, is listed on the İstanbul Stock Exchange. At
December31, 2015, the fair value of the Group’s interest in Tofas was €1,129 million (€1,076 million at December31,
2014). In addition, at December31, 2015, the fair value of the Group’s interest in RCS, which is a company listed on
the MTA, was €54 million (€81 million at December31, 2014).