THE FIAT GROUP IN - Fiat SpA

18
18
Unconsolidated subsidiaries are analyzed as follows:
At 12/31/2001 At 12/31/2000
(in millions of euros) % Amount % Amount
Unconsolidated subsidiaries:
BUC-Banca Unione di Credito 100.0 361 100.0 327
Leasys S.p.A. 51.0 111 – –
PTC Holdings do Brasil Ltda – – 57.4 250
Other unconsolidated subsidiaries (minor amounts) 162 180
Total 634 757
As allowed by law, the above companies have not been consolidated either because their operations are so dissimilar (BUC –
Banca Unione di Credito), or because it would not have been possible to obtain the necessary information for their consolidation
on a timely basis without disproportionate expense or because their operations are not significant. Such companies carry net
debt of 134 million euros.
As regards to the investment in Leasys S.p.A., this company is subject to joint control with the other partner, even though the
Fiat Group holds 51% of share capital; like the other main jointly controlled companies, the investment is valued using the equity
method.
Investments in associated companies are as follows:
At 12/31/2001 At 12/31/2000
(in millions of euros) % Amount % Amount
Associated companies:
Fiat-GM Powertrain B.V. 50.0 1,259 50.0 –
Italenergia S.p.A. 38.6 1,034 – –
Banca di Roma S.p.A. 10.6 604 10.1 553
Tofas Turk Otomobil Fabrikasi A.S. 37.9 136 37.9 164
Sevel S.p.A. 50.0 125 50.0 121
H.d.P. S.p.A. 10.0 114 10.9 151
Consolidated Diesel Company 50.0 67 50.0 –
Jiangsu Nanya Gearbox Co. Ltd. 50.0 52 50.0 50
Europ Assistance Holding S.A. 40.0 43 40.0 36
Sevel Nord S.A. 50.0 43 50.0 41
New Holland HFT Japan Inc. 50.0 42 50.0 41
Global Value Services S.p.A. 50.0 31 – –
Atlanet S.p.A. 29.9 29 29.9 15
Lingotto S.p.A. 30.9 29 30.9 28
LBX Company LLC 50.0 23 50.0 23
Case Credit Europe S.A.S. 50.0 22 50.0 18
Turk Traktor Ve Ziraat Makineleri A.S. 37.5 22 37.5 46
Hua Dong Teksid Automotive Foundry Co. Ltd. 50.0 21 50.0 16
New Holland de Mexico SA de CV 50.0 20 50.0 13
AL-Ghazi Tractors Ltd. 43.2 19 43.2 14
New Holland Trakmak Traktor A.S. 37.5 15 37.5 23
Otoyol Sanayi A.S. 27.0 15 27.0 17
Augusta Vita S.p.A. – – 40.0 67
F.F. Industrie Ferroviarie S.p.A. – – 49.0 40
Ser.Ene S.p.A. – – 33.0 32
Denso Manufacturing U.K. Ltd. – – 25.0 29
Denso Manufacturing Italia S.p.A. – – 20.0 26
Other associated companies (minor amounts) 193 214
Total 3,958 1,778