2006 Annual Report - Fiat SpA

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The lists presented must be deposited at the company’s offices at least ten days prior to the date set for the Meeting on first call, and mention of such term must be made in the document calling the Meeting. Together with each list and within the time limit indicated above, declarations will be deposited in which single candidates accept the candidature and, on their own responsibility, state that there are no grounds for ineligibility or incompatibility, and that they fulfill the requirements laid down by law and by the company’s By-laws for the offices in question. Any list for which the above conditions are not observed will be considered as not presented. The statutory auditors are elected as follows: 1. two regular auditors and two alternate auditors are drawn from the list that has obtained the highest number of votes at the Stockholders Meeting, on the basis of the numerical order under which they appear in each section of the list; 2. the remaining regular auditor and the other alternate auditor are drawn from the second list that has obtained most votes at the Stockholders Meeting, on the basis of the numerical order under which they appear in each section of the list. The chairmanship of the Board of Statutory Auditors will go to the first candidate from the list that has obtained most votes. Should it be impossible to proceed with the appointment according to the above described system, the Stockholders Meeting shall resolve by relative majority. Where the requirements of the law or company articles are not met, the statutory auditor forfeits his office. In the event of a statutory auditor being replaced, the first alternate auditor, if available, belonging to the same list as the auditor being substituted and after having confirmed the existence of the prescribed requirements, will join the Board for the remainder of the auditors’ term of office. In the event of a replacement of the Chairman, the office will be taken over by the other regular statutory auditor belonging to the same list. 340 Items on the Agenda and Related <strong>Report</strong>s and Motions Unchanged Together with each list and within the time limit indicated above, declarations will be deposited in which single candidates accept the candidature and, on their own responsibility, state that there are no grounds for ineligibility or incompatibility, and that they satisfy the requirements laid down by law and by the company’s By-laws for the offices in question. Any candidate for which the above rules are not observed will be considered as ineligible. The statutory auditors are elected as follows: 1. two regular auditors and two alternate auditors are elected from the list that has obtained the highest number of votes at the Stockholders Meeting, on the basis of the numerical order under which they appear in each section of the list; 2. in compliance with the provisions of law, the remaining regular auditor and the other alternate auditor are elected from the list that has obtained the second highest number of votes at the Stockholders Meeting, on the basis of the numerical order under which they appear in each section of the list. The chairmanship of the Board of Statutory Auditors will go to the first candidate from the list that has obtained the second highest number of votes. Unchanged Unchanged Unchanged Prior conditions in matters of the appointment of statutory auditors do not apply to Stockholders Meetings that have to appoint alternate auditors in the case only one auditor has remained in office. In such cases, the Stockholders Meeting resolves by relative majority. Meetings of the Statutory Auditors may be held by means of telecommunication systems. In such cases, the meeting is deemed to have been held at the location where it was convened and where at least one Statutory Auditor was present. In addition, it must be possible to identify the attendees, and they must be able to follow the proceedings, intervene in real time in the discussion of the topics on the Agenda and receive, send or view documents. Prior rules in matters of the appointment of statutory auditors do not apply to Stockholders Meetings that have to appoint alternate auditors in the case only one auditor has remained in office. In such cases, the Stockholders Meeting resolves by relative majority. Unchanged Items on the Agenda and Related <strong>Report</strong>s and Motions 341
Graphic design Atelier Roger Pfund, Communication visuelle sa Geneva, Switzerland Editorial Coordination Micrograf Turin, Italy Printed by Arti Grafiche Giacone Turin, Italy Printed in Italy April 2007 Printed on Arjowiggins Satimat paper
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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
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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
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Net financial expenses in 2006 (exc
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Year of expiry Total at December Be
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The net carrying amount of Intangib
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14. Property, plant and equipment I
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In 2005 Changes in accumulated depr
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esulting in a reduction of 1,213 mi
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Receivables from financing activiti
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(the residual debt of the Exchangea
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The reconciliation of the number of
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A summary of outstanding stock opti
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Under the CNH EIP, performance-base
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26. Provisions for employee benefit
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Changes in the present value of Pos
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■ Commercial risks - This provisi
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31, 2006 (872 million euros at Dece
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Fidis Retail Italia (FRI) All the r
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Other and Magneti Business elimina-
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Credit risk The maximum credit risk
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The increase over the prior year re
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■ Current trade receivables of 78
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The book value at the disposal date
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198 Appendix The Companies of the F
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Subsidiaries consolidated on a line
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% of Group % of consoli- Interest %
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Subsidiaries accounted for using th
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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: Stockholders Meeting and will be ef
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2006 Annual Report - Fiat SpA

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