Fiat Group - Consolidated Financial Statements and Notes - Fiat SpA

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170 Consolidated Financial Statements at 31 December 2011 Notes The following table shows the Profit/(loss) attributable to owners of the parent and the Profit/(loss) attributable to each class of share and the weighted average number of outstanding shares for the Group for the two years presented: Ordinary shares Preference shares Savings shares Total 2011 2010 Ordinary shares Preference shares Savings shares Total Profit/(loss) for the period attributable to owners of the parent € million 1,334 520 Preferred dividends declared for the period € million - 23 17 40 - 32 25 57 Profit/(loss) attributable to all classes of shares Profit/(loss) attributable to each class of € million 1,129 88 77 1,294 433 10 20 463 shares Weighted average number of shares € million 1,129 111 94 1,334 433 42 45 520 outstanding thousand 1,054,007 103,292 79,913 1,237,212 1,053,679 103,292 79,913 1,236,884 Basic Earnings/(loss) per share € 1.071 1.071 1.180 0.410 0.410 0.565 The following tables show the same amounts used in the determination of the earnings per share for Continuing Operations in 2010. These figures have been calculated by taking into account the dividend rights established for Fiat S.p.A. shares post-Demerger. Ordinary shares Preference shares Savings shares Total Profit/(loss) from Continuing Operations attributable to owners of the parent € million 179 Preferred dividends attributable for the period € million - 23 17 40 Profit/(loss) attributable to ordinary and savings shares € million 137 - 2 139 Profit/(loss) attributable to each class of shares € million 137 23 19 179 Weighted average number of shares outstanding thousand 1,053,679 103,292 79,913 1,236,884 Basic Earnings/(loss) per share – Continuing Operations € 0.130 0.217 0.239 For the purpose of calculating the diluted earnings per share for the two years, the average number of outstanding ordinary shares has been increased to also take into consideration the average number of dilutive potential ordinary shares which would be issued if all stock options or other similar rights were to be exercised. In 2011 all of Fiat S.p.A.’s stock option and stock grant plans had a dilutive effect on earnings per share. In 2010 no dilutive effects arose from the stock option plans granted by Fiat S.p.A. on its ordinary shares since the exercise price exceeded €10.25 per share (the average price of Fiat ordinary shares in 2010). The figures used to determine diluted earnings per shares for the Fiat Group are as follows: Ordinary shares Preference shares Savings shares Total 2011 2010 Ordinary shares Preference shares Savings shares Total Profit/(Loss) attributable to each class of shares € million 1,129 111 94 1,334 433 42 45 520 Weighted average number of shares outstanding Number of shares deployable for stock option thousand 1,054,007 103,292 79,913 1,237,212 1,053,679 103,292 79,913 1,236,884 plans thousand 9,677 - - 9,677 5,936 - - 5,936 Weighted average number of shares thousand 1,063,684 103,292 79.913 1,246,889 1,059,615 103,292 79,913 1,242,820 Diluted Earnings/(loss) per share € 1.063 1.063 1.172 0.409 0.409 0.564
The figures used to determine diluted earnings per shares for the Continuing Operations in 2010 are as follows: Ordinary shares Preference shares 2010 Savings shares Total Profit/(Loss) from Continuing Operations attributable to each class of shares € million 137 23 19 179 Weighted average number of shares outstanding thousand 1,053,679 103,292 79,913 1,236,884 Number of shares deployable for stock option plans thousand 5,936 - - 5,936 Weighted average number of shares thousand 1,059,615 103,292 79,913 1,242,820 Diluted Earnings/(loss) per share – Continuing Operations € 0.130 0.217 0.238 14. Goodwill and intangible assets with indefinite useful lives In 2011 and 2010, changes in the gross carrying amount of Goodwill and intangible assets with indefinite useful lives were as follows: (€ million) At 31 December 2010 (*) Additions Change in the scope of consolidation Impairment losses Translation differences and other changes At 31 December 2011 Gross amount 1,272 - 8,621 - 971 10,864 Accumulated impairment losses (192) - - (224) (5) (421) Goodwill 1,080 - 8,621 (224) 966 10,443 Brands 3 - 2,489 - 278 2,770 Goodwill and intangible assets with indefinite useful lives 1,083 - 11,110 (224) 1,244 13,213 (€ million) At 31 December 2009 Additions Change in the scope of consolidation Impairment losses Translation differences and other changes Reclassified to Discontinued Operations At 31 December 2010 (*) Gross amount 3,437 - - - 194 (2,359) 1,272 Accumulated impairment losses (661) - - - (42) 511 (192) Goodwill 2,776 - - - 152 (1,848) 1,080 Brands 165 - - - 12 (174) 3 Goodwill and intangible assets with indefinite useful lives 2,941 - - - 164 (2,022) 1,083 (*) The amounts relate to Continuing Operations. The increases in Goodwill and Brands arise from the acquisition of the control of Chrysler and its subsequent consolidation. Brands Brands arise almost exclusively from the Chrysler sector. The amount of €2,770 million at 31 December 2011 mainly comprises the net carrying amount of the brands Chrysler, Dodge, Ram, Jeep and Mopar. These rights are protected legally through registration with government agencies and through the continuous use in commerce. As these rights have no legal, contractual, competitive or economic term that limits their useful lives, they were classified as intangible assets with indefinite useful lives. 171 Consolidated Financial Statements at 31 December 2011
Page 1 and 2: Fiat Group Consolidated Financial S
Page 3 and 4: Consolidated Statement of Comprehen
Page 5 and 6: Consolidated Statement of Financial
Page 7 and 8: Statement of Changes in Consolidate
Page 9 and 10: Consolidated Statement of Financial
Page 11 and 12: Notes to the Consolidated Financial
Page 13 and 14: Associates Associates are enterpris
Page 15 and 16: Intangible assets Goodwill Goodwill
Page 17 and 18: If indications of impairment are pr
Page 19 and 20: Sales of receivables The Group sell
Page 21 and 22: Revenue recognition Revenue is reco
Page 23 and 24: Business combinations As discussed
Page 25 and 26: Accounting standards, amendments an
Page 27 and 28: Scope of consolidation Fiat Demerge
Page 29 and 30: The main aggregate amounts related
Page 31 and 32: Finally, in January 2012 Fiat annou
Page 33 and 34: Goodwill arising from the acquisiti
Page 35 and 36: Composition and principal changes 1
Page 37 and 38: Reconciliation to the income statem
Page 39 and 40: The reconciliation between the tax
Page 41: In particular, at 31 December 2011
Page 45 and 46: For the Ferrari sector, the cash-ge
Page 47 and 48: In 2011 and in 2010 changes in the
Page 49 and 50: In 2011 and 2010, Changes in accumu
Page 51 and 52: Additions of €3,925 million in 20
Page 53 and 54: Disposals and other changes, showin
Page 55 and 56: At 31 December 2011, Inventories in
Page 57 and 58: Receivables from financing activiti
Page 59 and 60: The fair value of derivative financ
Page 61 and 62: In respect of derivative financial
Page 63 and 64: Key financial and income statement
Page 65 and 66: As a result of the above-mentioned
Page 67 and 68: In order to maintain the necessary
Page 69 and 70: Non-controlling interest The non-co
Page 71 and 72: Changes during the year were as fol
Page 73 and 74: 26. Provisions for employee benefit
Page 75 and 76: Other provisions for employees and
Page 77 and 78: The amounts recognised in the state
Page 79 and 80: Change in the scope of consolidatio
Page 81 and 82: The warranty provision represents t
Page 83 and 84: The annual interest rates and the n
Page 85 and 86: The bonds issued by the Fiat Group
Page 87 and 88: Payables represented by securities
Page 89 and 90: 29. Trade payables Trade payables o
Page 91 and 92: 32. Guarantees granted, commitments
Page 93 and 94:
Instead, when it is probable that a
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(€ million) FGA Maserati Ferrari
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(€ million) FGA Maserati Ferrari
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In order to test for impairment, si
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Counterparties to these agreements
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36. Fair value measurement IFRS 7 r
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The main effects on profit and loss
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An analysis of the effects of relat
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Appendix I Fiat Companies at 31 Dec
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SubSidiarieS conSolidated on a line
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JoInTly-ConTRollED EnTITIES ACCoUnT
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Name Registered Office Country Shar
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SUbSIDIARIES VAlUED AT CoST (contin
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ASSoCIATED CoMpAnIES VAlUED AT CoST
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Attestation of the Consolidated Fin
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Fiat Group - Consolidated Financial Statements and Notes - Fiat SpA

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