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

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Fiat S.p.A. — Financial Statements at June 30, 2003
(in millions of euros) 52 Fiat S.p.A. Financial Statements at June 30, 2003 Balance Sheet December 31, 2002 June 30, 2003 June 30, 2002 ❚ ASSETS Fixed assets 46 Intangible fixed assets 39 19 48 Property, plant and equipment 46 50 8,050 Financial fixed assets 9,324 8,622 8,144 Total Fixed assets 9,409 8,691 Current assets 3,766 Inventories 4,457 3,347 609 Receivables 858 445 1,506 Financial assets not held as fixed assets 162 902 1 Cash – 12 5,882 Total Current assets 5,477 4,706 1 Accrued income and prepaid expenses 3 4 14,027 ❚ TOTAL ASSETS 14,889 13,401 ❚ LIABILITIES AND STOCKHOLDERS’ EQUITY Stockholders’ equity 3,082 Capital stock 3,082 3,082 2,327 Additional paid-in capital 275 2,327 23 Revaluation reserve under Law 413 of 12/30/91 23 23 659 Legal reserve 659 659 21 Treasury stock valuation reserve 16 30 1,112 Other reserves 1,116 1,102 763 Retained earnings 763 763 (2,053) Net income/(Loss) for the period (159) 654 5,934 Total Stockholders’ equity 5,775 8,640 66 Reserves for risks and charges 61 69 24 Reserve for employee severance indemnities 24 26 7,941 Payables 8,939 4,660 62 Accrued expenses and deferred income 90 6 14,027 ❚ TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 14,889 13,401 ❚ MEMORANDUM ACCOUNTS 18,260 Guarantees granted 17,478 19,300 7,734 Commitments 7,902 7,906 19 Other memorandum accounts 15 31 26,013 ❚ TOTAL MEMORANDUM ACCOUNTS 25,395 27,237
Page 1 and 2: Report of the Board of Directors on
Page 3 and 4: 2 Financial Highlights of the Fiat
Page 5 and 6: KEY DEVELOPMENTS Despite the weakne
Page 7 and 8: INTRODUCTION In order to facilitate
Page 9 and 10: posted in the first half of 2002, m
Page 11 and 12: EBIT (Earnings Before Interest and
Page 13 and 14: Reserves At June 30, 2003, the rese
Page 15 and 16: statement of operations is illustra
Page 17 and 18: Toro Assicurazioni (35 million euro
Page 19 and 20: In July 2003, Fiat S.p.A. and Avio
Page 21 and 22: leading operator of call centers. T
Page 23 and 24: During the first half of 2003, the
Page 25 and 26: The key development in the first ha
Page 27 and 28: The general economic slowdown conti
Page 29 and 30: The difficulties encountered in the
Page 31 and 32: Based on preliminary estimates, sal
Page 34 and 35: Fiat Group — Consolidated Financi
Page 36 and 37: (in millions of euros) 35 Fiat Grou
Page 38 and 39: ACCOUNTING PRINCIPLES AND METHODS T
Page 40 and 41: December 31, 2002), Naveco Ltd. 113
Page 42 and 43: Other securities at June 30, 2003 i
Page 44 and 45: euros, change in the scope of conso
Page 46 and 47: The decrease of 13,592 million euro
Page 48 and 49: Other financial income (in millions
Page 50: 18 Income taxes for the period Inco
Page 56 and 57: 55 Annex
Page 58 and 59: Subsidiaries consolidated on a line
Page 74 and 75: Subsidiaries valued by the equity m
Page 76 and 77: Subsidiaries valued at cost ❚ Aut
Page 78 and 79: Subsidiaries valued at cost (contin
Page 80 and 81: Subsidiaries valued at cost (contin
Page 82 and 83: Associated companies valued by the
Page 84 and 85: Associated companies valued at cost
Page 86 and 87: Other companies valued at cost ❚
Page 88 and 89: Significant investments sold effect
Page 90: Report of the Board of Directors on

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

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