Fiat Group - Consolidated Financial Statements and Notes - Fiat SpA

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136 Consolidated Financial Statements at 31 December 2011 Income Statement pursuant to Consob Resolution 15519 of 27 July 2006 Consolidated Income Statement pursuant to Consob Resolution 15519 of 27 July 2006 2011 (*) 2010 of which of which Related parties Related parties (€ million) Note Total (Note 37) Total (Note 37) Net revenues (1) 59,559 2,970 35,880 2,586 Cost of sales (2) 50,704 4,272 30,718 3,742 Selling, general and administrative costs (3) 5,047 117 2,956 139 Research and development costs (4) 1,367 2 1,013 8 Other income (expenses) (5) (49) 35 (81) 34 TRADING PROFIT/(LOSS) 2,392 1,112 Gains (losses) on the disposal of investments (6) 21 12 12 - Restructuring costs (7) 102 - 118 - Other unusual income (expenses) (8) 1,025 - (14) - OPERATING PROFIT/(LOSS) 3,336 992 Financial income (expenses) (9) (1,282) 40 (400) 188 Result from investments: (10) 131 136 114 118 Share of the profit or loss of investees accounted for using the equity method 146 146 120 120 Other income (expenses) from investments (15) (10) (6) (2) PROFIT/(LOSS) BEFORE TAXES 2,185 706 Income taxes (11) 534 484 PROFIT/(LOSS) FROM CONTINUING OPERATIONS 1,651 222 Post-tax profit/(loss) from Discontinued Operations (23) - 378 PROFIT/(LOSS) 1,651 600 PROFIT/(LOSS) ATTRIBUTABLE TO: Owners of the parent 1,334 520 Non-controlling interests 317 80 PROFIT/(LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO: Owners of the parent 1,334 179 Non-controlling interests 317 43 (*) The amounts reported include seven months of operations for Chrysler from 1 June 2011.
Consolidated Statement of Financial Position pursuant to Consob Resolution 15519 of 27 July 2006 (€ million) Note Total Statement of Financial Position pursuant to Consob Resolution 15519 of 27 July 2006 Consolidated Financial Statements at 31 December 2011 At 31 December 2011 (*) At 31 December 2010 of which Related parties (Note 37) Total of which Related parties (Note 37) ASSETS Intangible assets 18,200 - 4,350 - Goodwill and intangible assets with indefinite useful lives (14) 13,213 - 1,083 Other intangible assets (15) 4,987 - 3,267 Property, plant and equipment (16) 20,785 - 9,601 - Investments and other financial assets: (17) 2,660 1,909 1,653 1,557 Investments accounted for using the equity method 1,579 1,579 1,465 1,465 Other investments and financial assets 1,081 330 188 92 Leased assets 45 - - - Defined benefit plan assets 97 - 20 - Deferred tax assets (11) 1,690 - 1,678 - Total Non-current assets 43,477 17,302 Inventories (18) 9,123 1 4,443 28 Trade receivables (19) 2,625 411 2,259 459 Receivables from financing activities (19) 3,968 197 2,866 129 Financial receivables from Discontinued Operations - - 5,626 5,626 Current tax receivables (19) 369 - 353 - Other current assets (19) 2,088 70 1,528 76 Current financial assets: 789 - 735 - Current investments 33 - 34 - Current securities (20) 199 - 185 - Other financial assets (21) 557 - 516 - Cash and cash equivalents (22) 17,526 - 11,967 - Total Current assets 36,488 29,777 Assets held for sale and Discontinued Operations (23) 66 60 34,854 65 Elimination of financial receivables and debt due from/payable to Discontinued Operations - (8,491) - TOTAL ASSETS 80,031 73,442 EQUITY AND LIABILITIES Equity: (24) 12,260 - 12,461 - Equity attributable to owners of the parent 8,727 - 11,544 - Non-controlling interests 3,533 - 917 - Provisions: 15,624 168 4,924 47 Employee benefits (26) 7,026 144 1,704 21 Other provisions (27) 8,598 24 3,220 26 Debt: 26,772 331 20,804 3,144 Asset-backed financing (28) 710 101 533 101 Other debt (28) 26,062 230 17,406 178 Debt payable to Discontinued Operations - - 2,865 2,865 Other financial liabilities (21) 429 - 255 - Trade payables (29) 16,418 1,139 9,345 1,040 Current tax payables 230 - 181 - Deferred tax liabilities (11) 760 - 135 - Other current liabilities (30) 7,538 130 3,908 87 Liabilities held for sale and Discontinued Operations (23) - - 29,920 - Elimination of financial receivables and debt due from/payable to Discontinued Operations - - (8,491) - TOTAL EQUITY AND LIABILITIES (*) The amounts reported at 31December 2011 include the consolidation of Chrysler from 1 June 2011. 80,031 73,442 137 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: Statement of Changes in Consolidate
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 and 42: In particular, at 31 December 2011
Page 43 and 44: The figures used to determine dilut
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
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The fair value of derivative financ
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In respect of derivative financial
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Key financial and income statement
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As a result of the above-mentioned
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In order to maintain the necessary
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Non-controlling interest The non-co
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Changes during the year were as fol
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26. Provisions for employee benefit
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Other provisions for employees and
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The amounts recognised in the state
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Change in the scope of consolidatio
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The warranty provision represents t
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The annual interest rates and the n
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The bonds issued by the Fiat Group
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Payables represented by securities
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29. Trade payables Trade payables o
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32. Guarantees granted, commitments
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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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