2006 Annual Report - Fiat SpA

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Subsidiaries consolidated on a line-by-line basis (continued) % of Group % of consoli- Interest % interest voting Name Registered office Country Capital stock Currency dation held by held rights Fiat S.p.A. 3.000 Magneti Marelli Holding S.p.A. 3.000 Teksid S.p.A. 3.000 Neptunia Assicurazioni Marittime S.A. Lausanne Switzerland 10,000,000 CHF 100.00 Rimaco S.A. 100.000 New Business 7 S.p.A. Turin Italy 11,899,524 EUR 100.00 Fiat Partecipazioni S.p.A. 100.000 New Business 8 S.p.A. Turin Italy 1,437,210 EUR 100.00 Fiat Partecipazioni S.p.A. 100.000 Rimaco S.A. Lausanne Switzerland 350,000 CHF 100.00 IHF-Internazionale Holding Fiat S.A. 100.000 SIRIO - Sicurezza Industriale Società consortile per azioni Turin Italy 120,000 EUR 92.59 Fiat Partecipazioni S.p.A. 57.177 Fiat Auto S.p.A. 17.415 Iveco S.p.A. 4.583 Fiat Powertrain Technologies SpA 2.356 Magneti Marelli Powertrain S.p.A. 1.159 Comau S.p.A. 0.751 Fiat S.p.A. 0.751 Ferrari S.p.A. 0.729 Teksid S.p.A. 0.664 Irisbus Italia S.p.A. 0.622 Fiat Gesco S.p.A. 0.593 Sistemi Sospensioni S.p.A. 0.551 C.R.F. Società Consortile per Azioni 0.535 New Holland Kobelco Construction Machinery S.p.A. 0.535 Fiat Servizi per l`Industria S.c.p.a. 0.503 Fiat Finance S.p.A. 0.449 Isvor Fiat Società consortile di sviluppo e addestramento industriale per Azioni 0.449 Magneti Marelli Sistemi Elettronici S.p.A. 0.438 Fidis S.p.A. 0.325 CNH Italia s.p.a. 0.237 Automotive Lighting Italia S.p.A. 0.233 Editrice La Stampa S.p.A. 0.233 Elasis-Società Consortile per Azioni 0.233 Ingest Facility S.p.A. 0.233 Magneti Marelli Sistemi di Scarico S.p.A. 0.218 Astra Veicoli Industriali S.p.A. 0.103 Fiat Information & Communication Services società consortile per azioni 0.103 Servizi e Attività Doganali per l`Industria S.p.A. 0.103 Magneti Marelli Holding S.p.A. 0.091 Fiat Purchasing Italia S.r.l. 0.063 216 Appendix The Companies of the Fiat Group Subsidiaries consolidated on a line-by-line basis (continued) % of Group % of consoli- Interest % interest voting Name Registered office Country Capital stock Currency dation held by held rights Fiat-Revisione Interna S.c.r.l. 0.061 Iveco Mezzi Speciali S.p.A. 0.061 Fiat Center Italia S.p.A. 0.045 eSPIN S.p.A. 0.040 Fast-Buyer S.p.A. 0.040 Itedi-Italiana Edizioni S.p.A. 0.039 Maserati S.p.A. 0.039 New Business 16 S.p.A. a socio unico Orione-Società Industriale per la Sicurezza 0.039 e la Vigilanza Consortile per Azioni 0.039 PDL Services S.r.l. 0.039 Risk Management S.p.A. Sisport Fiat S.p.A. - 0.039 Società sportiva dilettantistica Automotive Lighting Rear 0.039 Lamps Italia S.p.A. 0.022 Easy Drive S.r.l. 0.022 Fiat Attività Immobiliari S.p.A. 0.022 Sisport Fiat S.p.A. - Società sportiva dilettantistica Turin Italy 2,720,800 EUR 100.00 Fiat Partecipazioni S.p.A. 100.000 Appendix The Companies of the Fiat Group 217
% of Group % of consoli- Interest % interest voting Name Registered office Country Capital stock Currency dation held by held rights Jointly-controlled entities accounted for using the proportional consolidation ■ Powertrain Technologies Fiat-GM Powertrain Polska Sp. z o.o. Bielsko-Biala Poland 220,100,000 PLN 50.00 Fiat Powertrain Technologies SpA 50.000 Jointly-controlled entities accounted for using the equity method ■ Automobiles (**) Fiat Auto Financial Services S.p.A. Turin Italy 700,000,000 EUR 50.00 Fiat Auto S.p.A. 50.000 FAL Fleet Services S.A.S. Trappes France 3,000,000 EUR 50.00 Fidis Servizi Finanziari S.p.A. 100.000 FC France S.A. Trappes France 11,360,000 EUR 50.00 Fiat Auto Financial Services S.p.A. 99.999 Fiat Auto Contracts Ltd Slough Berkshire United Kingdom 16,000,000 GBP 50.00 Fidis Servizi Finanziari S.p.A. 100.000 Fiat Auto Financial Services (Wholesale) Ltd. Slough Berkshire United Kingdom 3,500,000 GBP 50.00 Fidis Servizi Finanziari S.p.A. 100.000 Fiat Auto Financial Services Limited Slough Berkshire United Kingdom 10,250,000 GBP 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fiat Auto Lease N.V. Amsterdam Netherlands 454,000 EUR 50.00 Fidis Servizi Finanziari S.p.A. 100.000 Fiat Bank GmbH Heilbronn Germany 39,600,000 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fiat Bank Polska S.A. Warsaw Poland 125,000,000 PLN 50.00 Fiat Bank GmbH 100.000 Fiat Credit Belgio S.A. Evere Belgium 3,718,500 EUR 50.00 Fidis Servizi Finanziari S.p.A. 99.999 Fidis Nederland B.V. 0.001 Fiat Credit Hellas Commercial S.A. of Vehicles Argyroupoli Greece 600,000 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fiat Distribuidora Portugal S.A. (***) Alges Portugal 450,300 EUR 100.00 Fiat Auto Portuguesa S.A. 100.000 Fiat Finance Holding S.A. Luxembourg Luxembourg 2,300,000 EUR 50.00 Fidis Servizi Finanziari S.p.A. 99.995 Fidis Nederland B.V. 0.005 Fiat Finance S.A. Luxembourg Luxembourg 9,900,000 EUR 50.00 Fiat Auto Financial Services S.p.A. 99.995 Fidis Finance (Suisse) S.A. 0.005 Fiat Finansiering A/S Glostrup Denmark 13,000,000 DKK 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fiat Handlerservice GmbH (***) Heilbronn Germany 5,100,000 EUR 100.00 Fiat Automobil AG 100.000 Fidis Credit Danmark A/S (***) Glostrup Denmark 500,000 DKK 100.00 Fiat Finance Netherlands B.V. 100.000 Fidis Dealer Services B.V. (***) Utrecht Netherlands 698,000 EUR 100.00 Fiat Auto Nederland B.V. 100.000 Fidis Finance (Suisse) S.A. Schlieren Switzerland 24,100,000 CHF 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fidis Finance Polska Sp. z o.o. Warsaw Poland 10,000,000 PLN 50.00 Fidis Servizi Finanziari S.p.A. 100.000 Fiat Credit Hellas Commercial Fidis Insurance Consultants SA Argyroupoli Greece 60,000 EUR 49.99 S.A. of Vehicles 99.975 Fidis Leasing GmbH Vienna Austria 40,000 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fidis Leasing Polska Sp. z o.o. Warsaw Poland 12,500,000 PLN 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fidis Nederland B.V. Utrecht Netherlands 3,085,800 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fidis Retail Financial Services (Ireland) PLC Dublin Ireland 100,007 EUR 50.00 Fiat Auto Financial Services S.p.A. 99.994 Fidis Retail IFIC SA Alges Portugal 10,000,000 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fidis Retail Portugal Aluguer de Veiculos S.A. Alges Portugal 50,000 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Fidis Servizi Finanziari S.p.A. Turin Italy 80,349,266 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Finplus Renting S.A. Alcalá De Henares Spain 2,225,884 EUR 50.00 Fidis Servizi Finanziari S.p.A. 100.000 (**) The Fiat Group Consolidated Financial Statements include the valuation according to the equity method of the FAFS Group, which comprises FAFS S.p.A. and its subsidiaries listed below. (***) At December 31, 2006, subsidiary in accordance with article 2359 Civil Code, qualified as jointly-controlled entity for financial statements purpose, following the agreement with the partner Sofinco (Crédit Agricole Group). 218 Appendix The Companies of the Fiat Group Jointly-controlled entities accounted for using the equity method (continued) % of Group % of consoli- Interest % interest voting Name Registered office Country Capital stock Currency dation held by held rights FL Auto Snc Trappes France 8,954,581 EUR 50.00 FC France S.A. 99.998 FL Location SNC Paris France 76,225 EUR 49.99 FC France S.A. 99.980 Leasys S.p.A. a socio unico Fiumicino Italy 77,499,400 EUR 50.00 Fidis Servizi Finanziari S.p.A. 100.000 Savarent Società per Azioni a Socio Unico Turin Italy 21,000,000 EUR 50.00 Fidis Servizi Finanziari S.p.A. 100.000 Sofice-Société de Financement des Concessionnaires s.a.s. (***) Trappes France 3,353,600 EUR 100.00 Fiat France 100.000 TarCredit E.F.C. S.A. Alcalá De Henares Spain 16,671,569 EUR 50.00 Fiat Auto Financial Services S.p.A. 100.000 Tarfin S.A. Schlieren Switzerland 500,000 CHF 50.00 Fidis Servizi Finanziari S.p.A. 100.000 Targasys Stock SA (***) Alcalá De Henares Spain 5,108,799 EUR 100.00 Fiat Auto España S.A. 100.000 G.E.I.E. Gisevel Paris France 15,200 EUR 50.00 Fiat France 50.000 G.E.I.E.-Sevelind Paris France 15,200 EUR 50.00 Fiat France 50.000 Nan Jing Fiat Auto Co. Ltd. Nanjing People’s Rep.of China 1,409,469,782 CNY 50.00 Fiat Auto S.p.A. 50.000 Società Europea Veicoli Leggeri-Sevel S.p.A. Atessa Italy 68,640,000 EUR 50.00 Fiat Auto S.p.A. 50.000 Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme Paris France 80,325,000 EUR 50.00 Fiat France 50.000 Tofas-Turk Otomobil Fabrikasi Tofas A.S. Levent Turkey 500,000,000 TRY 37.86 Fiat Auto S.p.A. 37.856 ■ Agricultural and Construction Equipment Case Mexico S.A. de C.V. São Pedro Mexico 810,000 MXN 44.86 CNH de Mexico SA de CV 100.000 Case Special Excavators N.V. Zedelgem Belgium 1,100,000 EUR 44.86 CNH Global N.V. 50.000 CNH Comercial, SA de C.V. São Pedro Mexico 160,050,000 MXN 44.86 CNH de Mexico SA de CV 100.000 CNH de Mexico SA de CV São Pedro Mexico 165,276,000 MXN 44.86 CNH Global N.V. 50.000 CNH Industrial, S.A. de C.V. São Pedro Mexico 200,050,000 MXN 44.86 CNH de Mexico SA de CV 100.000 CNH Servicios Comerciales, S.A. de C.V. São Pedro Mexico 50,000,000 MXN 43.96 CNH Global N.V. 49.000 CNH Servicios Corporativos S.A. de C.V. São Pedro Mexico 375,000 MXN 44.86 CNH de Mexico SA de CV 99.999 Consolidated Diesel Company Whitakers U.S.A. 100 USD 44.86 CNH Engine Corporation 50.000 LBX Company LLC Wilmington U.S.A. 0 USD 44.86 Case LBX Holdings Inc. 50.000 L&T-Case Equipment Private Limited Mumbai India 240,100,000 INR 44.86 CNH America LLC 50.000 Megavolt L.P. L.L.L.P. Wilmington U.S.A. 500,000 USD 35.88 CNH America LLC 40.000 New Holland HFT Japan Inc. Sapporo Japan 240,000,000 JPY 44.86 CNH Global N.V. 50.000 New Holland Trakmak Traktor A.S. Izmir Turkey 800,000 TRY 33.64 CNH Global N.V. 37.500 Turk Traktor Ve Ziraat Makineleri A.S. Ankara Turkey 47,000,000 TRY 33.64 CNH Global N.V. 37.500 ■ Trucks and Commercial Vehicles Iveco Fiat - Oto Melara Società consortile r.l. Rome Italy 40,000 EUR 50.00 Iveco S.p.A. 50.000 Naveco Ltd. Nanjing People’s Rep.of China 2,527,000,000 CNY 50.00 Iveco S.p.A. 50.000 SAIC IVECO Commercial Vehicle Investment Company Limited Shanghai People’s Rep.of China 50,000,000 USD 50.00 Iveco S.p.A. 50.000 Transolver Finance Establecimiento Financiero de Credito S.A. Madrid Spain 9,315,500 EUR 50.00 Iveco S.p.A. 50.000 (**) The Fiat Group Consolidated Financial Statements include the valuation according to the equity method of the FAFS Group, which comprises FAFS S.p.A. and its subsidiaries listed below. (***) At December 31, 2006, subsidiary in accordance with article 2359 Civil Code, qualified as jointly-controlled entity for financial statements purpose, following the agreement with the partner Sofinco (Crédit Agricole Group). Appendix The Companies of the Fiat Group 219
Page 1 and 2:
Annual Report Consolidated and Stat
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But it does move. Galileo Galilei
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Letter from the Chairman and the Ch
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The Fiat Group The Fiat Group perfo
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Stockholders Financial communicatio
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in 2003, and now the Panda Hydrogen
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The meeting with the EWC Selected C
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Revenues by Business Area (in milli
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The breakdown of trading profit by
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Investment income was 156 million e
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If working capital is restated to i
Page 23 and 24:
Financial Services Revenues (in mil
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Statement of Changes in Net Industr
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strategic consistency, economic fea
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The Board of Directors, at its meet
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There can be no motion without some
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Fiat Auto - Fiat, Alfa Romeo, Lanci
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Maserati Operating Performance In 2
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Trucks and Commercial Vehicles Ivec
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Fiat Powertrain Technologies Operat
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Metallurgical Products - Teksid Pro
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Motion for Approval of the Financia
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Consolidated Income Statement (*) (
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Statement of Changes in Stockholder
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partially from the market: the rema
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Measurement Investments in unconsol
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charges for risk provisions and wri
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Union market for the Fiat Auto and
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Composition and principal changes I
Page 59 and 60: Net financial expenses in 2006 (exc
Page 61 and 62: Year of expiry Total at December Be
Page 63 and 64: The net carrying amount of Intangib
Page 65 and 66: 14. Property, plant and equipment I
Page 67 and 68: In 2005 Changes in accumulated depr
Page 69 and 70: esulting in a reduction of 1,213 mi
Page 71 and 72: Receivables from financing activiti
Page 73 and 74: (the residual debt of the Exchangea
Page 75 and 76: The reconciliation of the number of
Page 77 and 78: A summary of outstanding stock opti
Page 79 and 80: Under the CNH EIP, performance-base
Page 81 and 82: 26. Provisions for employee benefit
Page 83 and 84: Changes in the present value of Pos
Page 85 and 86: ■ Commercial risks - This provisi
Page 87 and 88: 31, 2006 (872 million euros at Dece
Page 89 and 90: Fidis Retail Italia (FRI) All the r
Page 91 and 92: Other and Magneti Business elimina-
Page 93 and 94: Credit risk The maximum credit risk
Page 95 and 96: The increase over the prior year re
Page 97 and 98: ■ Current trade receivables of 78
Page 99 and 100: The book value at the disposal date
Page 101 and 102: 198 Appendix The Companies of the F
Page 103 and 104: Subsidiaries consolidated on a line
Page 109: Subsidiaries consolidated on a line
Page 113 and 114: Subsidiaries accounted for using th
Page 115 and 116: % of Group % of consoli- Interest %
Page 117 and 118: % of Group % of consoli- Interest %
Page 119 and 120: 234 Financial Review of Fiat S.p.A.
Page 121 and 122: (*) (*) Income Statement Balance Sh
Page 123 and 124: Income Statement pursuant to Consob
Page 125 and 126: When an impairment loss on assets s
Page 127 and 128: Provisions The company recognises p
Page 129 and 130: 4. Other operating income Other ope
Page 131 and 132: Net income from derivative financia
Page 133 and 134: 12. Property, plant and equipment T
Page 135 and 136: 15. Other non-current assets At Dec
Page 137 and 138: Regarding changes in 2005, the Mand
Page 139 and 140: A summary of outstanding stock opti
Page 141 and 142: The amounts recognised in the Incom
Page 143 and 144: The item Payables to Group companie
Page 145 and 146: These relate to: ■ guarantees of
Page 147 and 148: Counterparty Other Current Other No
Page 149 and 150: 32. Significant non-recurring trans
Page 151 and 152: Fees paid to Members of the Board o
Page 153 and 154: Financial statement format Fiat S.p
Page 155 and 156: Deferred tax assets Reclassificatio
Page 157 and 158: Reconciliation of net profit (loss)
Page 159 and 160: B. Employee benefits The employees
Page 161 and 162:
Auditors’ Reports Auditors’ Rep
Page 163 and 164:
Reports of the Board of Statutory A
Page 165 and 166:
that numerous transactions involvin
Page 167 and 168:
Motion for Approval of the Financia
Page 169 and 170:
Motion to amend Articles 9, 11, 12,
Page 171 and 172:
Stockholders Meeting and will be ef
Page 173 and 174:
Graphic design Atelier Roger Pfund,
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2006 Annual Report - Fiat SpA

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