Chrysler 2010 Annual Report Download - page 329

FIAT S.P.A.
STATUTORY
FINANCIAL
STATEMENTS AT
31 DECEMBER
2010
NOTES
328
Land and buildings include land for €610 thousand (unchanged with respect to the previous year) while buildings mainly comprise the company’s
headquarters in Via Nizza 250, Turin.
Plant and machinery was principally made up of general plant used in the buildings.
Other tangible assets comprised cars, office furniture and equipment.
Assets under development and advances related to expenses recognized in 2010 for renovation of the Centro Storico Fiat (Via Chiabrera 20, Turin).
At 31 December 2010, there were no contractual commitments to purchase items of property, plant and equipment or assets under development of a
significant amount.
No buildings were subject to liens, pledged as collateral or restricted in use.
Depreciation of property, plant and equipment is recognized under other operating costs in the income statement (Note 6).
During 2009 changes in Property, plant and equipment were as follows:
(Decreases) and
(€ thousand) 31 December 2008 Additions Depreciation Other changes 31 December 2009
Land and buildings
Gross carrying amount 46,082 - - - 46,082
Accumulated depreciation (15,524) - (1,353) - (16,877)
Net carrying amount 30,558 - (1,353) - 29,205
Plant and machinery
Gross carrying amount 10,135 - - - 10,135
Accumulated depreciation (9,899) - (122) - (10,021)
Net carrying amount 236 - (122) - 114
Other tangible assets
Gross carrying amount 4,731 78 - (34) 4,775
Accumulated depreciation (2,501) - (169) 21 (2,649)
Net carrying amount 2,230 78 (169) (13) 2,126
Total property, plant and equipment
Gross carrying amount 60,948 78 - (34) 60,992
Accumulated depreciation (27,924) - (1,644) 21 (29,547)
Net carrying amount 33,024 78 (1,644) (13) 31,445
11. Investments
At 31 December 2010, investments totaled €11,423,279 thousand and underwent the following changes during the year:
Impairment
(losses)/reversals Reclassification
and Fair value to Assets
(€ thousand) 31 December 2009 Additions Decreases adjustments to be demerged 31 December 2010
Investments in subsidiaries 13,837,309 2,258,853 (30) 155,700 (4,977,346) 11,274,486
Investments in associates 131,785 - - - - 131,785
Investments in other companies 21,476 - - (4,468) - 17,008
Total investments 13,990,570 2,258,853 (30) 151,232 (4,977,346) 11,423,279