annual report - FIAT SpA

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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (€ million) Note 2010 2009 PROFIT/(LOSS) (A) 600 (848) Gains/(Losses) on cash flow hedges (23) 171 408 Gains/(Losses) on fair value of available-for-sale financial assets (23) (3) 3 Gains/(Losses) on exchange differences on translating foreign operations Share of other comprehensive income of entities accounted for (23) 769 509 using the equity method (23) 100 (47) Income tax relating to components of Other comprehensive income (23) 3 (51) TOTAL OTHER COMPREHENSIVE INCOME, NET OF TAX (B) 1,040 822 TOTAL COMPREHENSIVE INCOME (A)+(B) 1,640 (26) TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO: Owners of the parent 1,503 (34) Non-controlling interests 137 8 Fiat Group Consolidated Financial Statements at 31 December 2010 101
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (*) (€ million) ASSETS Note At 31 December 2010 At 31 December 2009 Intangible assets (14) 4,350 7,199 Property, plant and equipment (15) 9,601 12,945 Investments and other financial assets: (16) 1,653 2,159 Investments accounted for using the equity method 1,465 1,884 Other investments and financial assets 188 275 Leased assets (17) - 457 Defined benefit plan assets 20 144 Deferred tax assets (11) 1,678 2,580 Total Non-current assets 17,302 25,484 Inventories (18) 4,443 8,748 Trade receivables (19) 2,259 3,649 Receivables from financing activities (19) 2,866 12,695 Financial receivables from Discontinued Operations 5,626 - Current tax receivables (19) 353 674 Other current assets (19) 1,528 2,778 Current financial assets: 735 899 Current investments 34 46 Current securities (20) 185 217 Other financial assets (21) 516 636 Cash and cash equivalents (22) 11,967 12,226 Total Current assets 29,777 41,669 Assets held for sale and Discontinued Operations (A) 34,854 82 Elimination of financial receivables and debt due from/payable to Discontinued Operations (A) (8,491) - TOTAL ASSETS 73,442 67,235 Total assets adjusted for asset-backed financing transactions 64,588 60,149 (*) Pursuant to Consob Resolution No. 15519 of 27 July 2006, the effects of related party transactions on the consolidated Statement of Financial Position are presented in the specific Statement of financial position schedule provided in the following pages and are further described in Note 34. (A) Assets held for sale and Discontinued Operations are presented in the section Assets and Liabilities held for sale and Discontinued Operations. Fiat Group Consolidated Financial Statements at 31 December 2010 102
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ANNUAL REPORT AT 31 DECEMBER 2010 T
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FIAT S.P.A. - STATUTORY FINANCIAL S
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2010 IN SUMMARY 2010 RESULTS (€ b
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AUTOMOBILES Fiat Practical, versati
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The range of tractors, balers and c
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FIAT & FIAT INDUSTRIAL WORLDWIDE Fr
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OPERATING RESPONSIBLY Fiat Group ha
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SELECT DATA BY REGION Fiat Group pr
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MAJOR SHAREHOLDERS At the date of t
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Ratings Services places Fiat SpA's
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UGL sign agreement for relaunch of
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MAIN RISKS AND UNCERTAINTIES TO WHI
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Risks associated with the high leve
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RESEARCH AND INNOVATION Promoting s
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the A22 operator, because it will m
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ELASIS Established in 1988, at the
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HUMAN RESOURCES At 31 December 2010
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implementation of the plan were ini
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2011, with a one-off gross payment
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Principal changes in the scope of c
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In Europe, Fiat Professional increa
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Trading profit/(loss) Fiat Group po
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the remaining 50% in Fiat-GM Powert
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Statement of Cash Flows Following i
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At 31 December 2010, consolidated n
Page 51 and 52: Operating Performance by Activity F
Page 53 and 54: Financial Services Net revenues for
Page 55 and 56: Assets and liabilities held for sal
Page 57 and 58: The above analysis of net debt by a
Page 59 and 60: Statement of Cash Flows for Fiat Gr
Page 61 and 62: CORPORATE GOVERNANCE FOREWORD The F
Page 63 and 64: ehalf of third parties, with the Co
Page 65 and 66: BOARD OF STATUTORY AUDITORS As requ
Page 67 and 68: €50,000,000 (€35,000,000 follow
Page 69 and 70: SUBSEQUENT EVENTS AND OUTLOOK SUBSE
Page 71 and 72: FIAT GROUP AUTOMOBILES Fiat, Abarth
Page 73 and 74: development of a supply network aro
Page 75 and 76: 427,429 vehicles, representing a fi
Page 77 and 78: FERRARI Highlights OPERATING PERFOR
Page 79 and 80: Fiat Powertrain OPERATING PERFORMAN
Page 81 and 82: COMPONENTS Magneti Marelli OPERATIN
Page 83 and 84: competitive. Significant events inc
Page 85 and 86: PRODUCTION SYSTEMS Comau OPERATING
Page 87 and 88: AGRICULTURAL AND CONSTRUCTION EQUIP
Page 89 and 90: TRUCKS AND COMMERCIAL VEHICLES Ivec
Page 91 and 92: INNOVATION AND PRODUCTS Innovation
Page 93 and 94: FPT Industrial OPERATING PERFORMANC
Page 95 and 96: swaps. The €79 million increase o
Page 97 and 98: Non-current financial liabilities c
Page 100 and 101: FIAT GROUP CONSOLIDATED FINANCIAL S
Page 104 and 105: CONSOLIDATED STATEMENT OF FINANCIAL
Page 106 and 107: STATEMENT OF CHANGES IN CONSOLIDATE
Page 108 and 109: CONSOLIDATED STATEMENT OF FINANCIAL
Page 110 and 111: CONSOLIDATED STATEMENT OF CASH FLOW
Page 112 and 113: � As a result of the Demerger, on
Page 114 and 115: Associates Associates are enterpris
Page 116 and 117: conditions are met: that developmen
Page 118 and 119: In particular, Cash and cash equiva
Page 120 and 121: Assets and liabilities held for sal
Page 122 and 123: Research and development costs This
Page 124 and 125: Residual values of assets leased ou
Page 126 and 127: The above changes in accounting pri
Page 128 and 129: financial statement items, excludin
Page 130 and 131: SCOPE OF CONSOLIDATION The consolid
Page 132 and 133: eliminations of transactions and ba
Page 134 and 135: Assets and liabilities classified a
Page 136 and 137: Fiat Industrial - Historical combin
Page 138 and 139: COMPOSITION AND PRINCIPAL CHANGES 1
Page 140 and 141: A reconciliation to the income stat
Page 142 and 143: (€ million) 2010 2009 Theoretical
Page 144 and 145: Total at Year of expiry Unlimited/
Page 146 and 147: Ordinary shares Preference shares S
Page 148 and 149: In 2010 and in 2009 changes in accu
Page 150 and 151: Goodwill, trademarks and intangible
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subsequent cash flows into perpetui
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In 2010 and 2009, Changes in accumu
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The above mentioned changes include
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In 2009 Disposals and other changes
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have been prepared in accordance wi
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Operations for €57 million (€11
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(€ million) Allowance for receiva
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� the fair value of derivative fi
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(€ million) Currency risk Continu
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� further allocations to the lega
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In this respect capital means the v
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Other comprehensive income Other co
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At 31 December 2010 the features of
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On 18 February 2011, the Board of D
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vesting tied to the attainment of s
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Cash-settled share-based payments V
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In 2010 and in 2009 changes in Othe
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The amounts recognised in the incom
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The present value of the defined be
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� Environmental risks - This prov
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The major bond issues outstanding a
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At 31 December 2009, Payables for f
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The item Advances on buy-back agree
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Operating lease contracts The Group
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also carry out financial services a
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(€ million) CNH Iveco FPT Industr
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(€ million) FGA Maserati Ferrari
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The following is an analysis of rev
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programmes that were implemented fr
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In addition, the financial services
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The following table provides an ana
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Transactions with jointly controlle
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� Cost of sales: transactions wer
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� Trade receivables: these relate
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The consideration paid for this acq
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36. Explanatory notes to the Statem
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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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SUBSIDIARIES VALUED AT COST (contin
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Name Registered Office Country Shar
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DISCONTINUED Name Registered Office
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SUBSIDIARIES VALUED AT COST (contin
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APPENDIX II INFORMATION REQUIRED UN
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FIAT S.P.A. STATUTORY FINANCIAL STA
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STATEMENT OF FINANCIAL POSITION (*)
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STATEMENT OF CHANGES IN EQUITY (€
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STATEMENT OF FINANCIAL POSITION pur
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NOTES TO THE STATUTORY FINANCIAL ST
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and investments in subsidiaries and
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income on a percentage completion b
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Dividends payable Dividends payable
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emain with the entity that transfer
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With regard to the shareholding in
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6. Other operating costs A breakdow
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A reconciliation between theoretica
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10. Property, plant and equipment A
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Investments in subsidiaries and cha
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During 2009, changes in investments
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16. Other current receivables At 31
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Prior to shareholder approval of th
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2009. Under the Program, purchases
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When the dividend paid to savings s
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A summary of the terms of the stock
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20. Provisions for employee benefit
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The amounts recognized in the incom
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22. Other non-current liabilities A
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26. Other payables At 31 December 2
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December 2009), activities to compl
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proceedings, the possible outcome o
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The effects of these transactions o
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31 December 2009 Non- Current curre
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31. Net financial position Pursuant
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List of equity investments (continu
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FEES PAID TO MEMBERS OF THE BOARD O
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APPENDIX INFORMATION REQUIRED UNDER
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Auditor's Reports 319
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321 Auditor's Reports 321
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REPORTS OF THE BOARD OF STATUTORY A
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Examination of the pro forma consol
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completeness, the report on operati
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� Riccardo Perotta: Chairman of t
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annual report - FIAT SpA

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