Chrysler 2015 Annual Report Download - page 244

244 2015 | ANNUAL REPORT
Company Financial
Statements
Notes to the Company
Financial Statements
ACCOUNTING POLICIES
Basis of preparation
The 2015 Company Financial Statements represent the separate financial statements of the parent company, Fiat
Chrysler Automobiles N.V., and have been prepared in accordance with the legal requirements of Title 9, Book 2
of the Dutch Civil Code. Section 362 (8), Book 2, Dutch Civil Code, allows companies that apply IFRS as adopted
by the European Union in their consolidated financial statements to use the same measurement principles in their
company financial statements. The accounting policies are described in a specific section, Significant accounting
policies, of the Consolidated Financial Statements included in this Annual Report. However, as allowed by the
law, investments in subsidiaries, joint ventures and associates are accounted for using the net equity value in the
Company Financial Statements.
The amendments to Section 9 of Book 2 of the Netherlands Civil Code (effective for financial years starting on or after
1 January 2016) have not been early adopted in the preparation of the 2015 Company Financial Statements.
Format of the financial statements
Given the activities carried out by FCA, presentation of the Company Income Statement is based on the nature of
revenues and expenses. The Consolidated Income Statement for FCA is classified according to function (also referred
to as the “cost of sales” method), which is considered more representative of the format used for internal reporting and
management purposes and is in line with international practice in the industry.