in the First Half of 2003 98th Fiscal Year - FIAT SpA
in the First Half of 2003 98th Fiscal Year - FIAT SpA
in the First Half of 2003 98th Fiscal Year - FIAT SpA
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(<strong>in</strong> millions <strong>of</strong> euros)<br />
34 Fiat Group Consolidated F<strong>in</strong>ancial Statements and Notes at June 30, <strong>2003</strong><br />
Consolidated Balance Sheet<br />
December 31, 2002 June 30, <strong>2003</strong> June 30, 2002<br />
❚ ASSETS<br />
Amounts due from stockholders for<br />
1 shares subscribed but not called – 1<br />
Fixed assets<br />
5,200 Intangible fixed assets (note 1) 4,198 5,932<br />
12,106 Property, plant and equipment (note 2) 10,407 12,750<br />
16,562 F<strong>in</strong>ancial fixed assets (note 3) 7,204 19,407<br />
33,868 Total Fixed assets 21,809 38,089<br />
Current assets<br />
15,277 Inventories (note 4) 16,270 15,716<br />
12,634 Receivables (note 5) 12,294 12,924<br />
26,012 F<strong>in</strong>ancial assets not held as fixed assets (note 6) 17,138 27,708<br />
3,489 Cash 2,203 3,558<br />
57,412 Total Current assets 47,905 59,906<br />
1,240 Accrued <strong>in</strong>come and prepaid expenses (note 7) 868 1,326<br />
92,521 ❚ TOTAL ASSETS 70,582 99,322<br />
❚ LIABILITIES AND STOCKHOLDERS’ EQUITY<br />
Stockholders’ equity<br />
Stockholders’ equity <strong>of</strong> <strong>the</strong> Group (note 8)<br />
3,082 Capital stock 3,082 3,082<br />
2,327 Additional paid-<strong>in</strong> capital 274 2,327<br />
659 Legal reserve 659 659<br />
253 Treasury stock valuation reserve 18 365<br />
5,268 Reta<strong>in</strong>ed earn<strong>in</strong>gs and o<strong>the</strong>r reserves 3,316 5,656<br />
(3,948) Net <strong>in</strong>come/(Loss) for <strong>the</strong> period (708) (563)<br />
7,641 Total 6,641 11,526<br />
1,038 M<strong>in</strong>ority <strong>in</strong>terest 816 1,337<br />
8,679 Total Stockholders’ equity 7,457 12,863<br />
23,626 Reserves for risks and charges<br />
Reserve for employee severance<br />
(note 9) 6,446 22,759<br />
1,609 <strong>in</strong>demnities 1,581 1,773<br />
55,188 Payables (note 10) 52,339 57,962<br />
3,419 Accrued expenses and deferred <strong>in</strong>come (note 11) 2,759 3,965<br />
92,521 ❚ TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 70,582 99,322
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