in the First Half of 2003 98th Fiscal Year - FIAT SpA

1
2 Financial Highlights of the Fiat Group
3 Board of Directors,
Board of Statutory Auditors and External Auditors
4 Introduction
Contents
6 Operating Performance and Financial Position of the
Fiat Group and Fiat S.p.A. in the First Half of 2003
18 Significant Events Occurring since the End of the Period
and Business Outlook for the Balance of the Year
Performance of the Operating Sectors
19 Automobiles
21 Agricultural and Construction Equipment
22 Commercial Vehicles
24 Ferrari and Maserati
25 Components
26 Production Systems
27 Metallurgical Products
28 Aviation
29 Services
30 Publishing and Communications
Fiat S.p.A.
Head Office: 250 Via Nizza, Turin, Italy
Paid-in Capital: 4,918,113,540 euros
Entered in the Turin Company Register
F.C. 00469580013
31 Transactions among Group Companies
and with Related Parties
33 Fiat Group – Consolidated Financial Statements
and Notes at June 30, 2003
34 Consolidated Balance Sheet
36 Consolidated Statement of Operations
37 Notes to the Consolidated Financial Statements
51 Fiat S.p.A. – Financial Statements at June 30, 2003
52 Balance Sheet
53 Statement of Operations
55 Annex – Fiat Group Companies at June 30, 2003
88 Auditors’ Report on the Interim Financial Reporting
This report has been translated into English from the original
version in Italian.
In case of doubt, the Italian version prevails.