Chrysler 2015 Annual Report Download - page 187

2015 | ANNUAL REPORT 187
Other current assets
At December31, 2015, Other current assets mainly consisted of Other tax receivables for VAT and other indirect taxes
of €1,529 million (€1,430 million at December31, 2014), Receivables from employees of €126 million (€151 million at
December31, 2014) and Accrued income and prepaid expenses of €692 million (€515 million at December31, 2014).
Transfer of financial assets
At December31, 2015, 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 €4,950 million (€4,511 million at December31,
2014). The transfers related to trade receivables and other receivables for €4,165 million (€3,676 million at
December31, 2014) and financial receivables for €785 million (€835 million at December31, 2014). These amounts
included receivables of €3,022 million (€2,611 million at December31, 2014), mainly due from the sales network,
transferred to jointly controlled financial services companies (FCA Bank).
At December31, 2015 and 2014, the carrying amount of transferred financial assets not derecognized and the related
liabilities were as follows:
At December 31,
2015 2014
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 22 184 — 206 37 407 25 469
Carrying amount of the
related liabilities 22 184 — 206 37 407 25 469
16. Current securities
Current securities consisted 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,
2015 2014
(€ million)
Current securities available-for-sale 269 30
Current securities held-for-trading 213 180
Total current securities 482 210