THE FIAT GROUP IN - Fiat SpA

6 Financial assets not held as fixed assets
Investments
Investments in other companies amount to 1,976 million euros at December 31, 2001 (1,098 million euros at December 31,
2000) and show an increase of 878 million euros, mainly due to higher investments carried out by the insurance companies to
cover the insurance policy liabilities and accruals, as well as the change in the scope of consolidation due to the inclusion of the
Lloyd Italico Group (12 million euros).
Other securities
(in millions of euros) At 12/31/2001 At 12/31/2000 Change
Italian government securities 2,856 2,150 706
Other securities 3,571 2,768 803
Total Other securities 6,427 4,918 1,509
of which:
held by insurance companies 5,857 4,342 1,515
Italian government securities also refer to securities issued or guaranteed by the Italian government.
Other securities relate to securities with a broad market issued by debtors with a high credit rating, mainly held by insurance
companies to cover their technical reserves for policy liabilities and accruals.
The fair value of the securities portfolio held by insurance companies at December 31, 2001 was approximately 54 million euros
(35 million euros at December 31, 2000) higher than the carrying value.
The securities portfolio held by the industrial companies of 570 million euros at December 31, 2001 (576 million euros at
December 31, 2000) approximates fair market value calculated by reference to the market prices.
Treasury stock
At 12/31/2001 At 12/31/2000
Number Cost Number Cost
of shares
(thousands)
(in millions
of euros)
of shares
(thousands)
(in millions
of euros)
Fiat S.p.A. shares held by Fiat S.p.A. and subsidiaries:
Ordinary 2,100 37 1,002 27
Savings 1 – – –
Total Treasury stock 2,101 37 1,002 27
Treasury stock consists of No. 2,100,000 Fiat ordinary shares held by Fiat S.p.A. and No. 1,214 Fiat savings shares held by
Augusta Assicurazioni S.p.A., for an amount of 37 million euros. Fiat bought back No. 1,098,000 ordinary shares during the year
to service the Stock Options Plans.
Financial receivables
At 12/31/2001 At 12/31/2000
Due Due Of which Due Due Of which
(in millions of euros)
within
one year
beyond
one year
due beyond
5 years Total
within
one year
beyond
one year
due beyond
5 years Total
Receivables from unconsolidated subsidiaries 237 177 5 414 78 116 26 194
Receivables from associated companies 340 129 1 469 392 8 – 400
Receivables from others 12,026 8,354 869 20,380 9,363 9,838 590 19,201
Total Financial receivables 12,603 8,660 875 21,263 9,833 9,962 616 19,795
Consolidated Financial Statements at December 31, 2001 – Notes to the Consolidated Financial Statements 23
23