annual report - FIAT SpA

(€ million) At 30 September 2010 (*) At 31 December 2009
Total assets 28,117 24,745
Total Liabilities 28,621 25,155
(*) Unaudited.
(€ million) 01/01-30/09/2010 (*) 10/06-31/12/2009
Net revenues 23,713 12,231
Net profit/(loss) 13 (1,062)
(*) Unaudited.
The main aggregate amounts related to the Group interests in associates measured at cost are as follows:
(€ million)
Continuing
Operations
At 31 December 2010 At 31 December 2009
Discontinued
Operations Total Total
Total assets 82 35 117 108
Liabilities 68 23 91 78
(€ million)
Continuing
Operations
2010 2009
Discontinued
Operations Total Total
Net revenues 58 28 86 73
Net profit/(loss) - 1 1 2
The following changes occurred concerning the scope of consolidation:
� On 1 February 2010, the sale of Targa Rent S.r.l., a subsidiary of the Fiat Group Automobiles sector, was
completed; this investment was already classified as assets held for sale at 31 December 2009.
� The equally held joint venture GAC Fiat Automobiles Co. Ltd. was formed in the first quarter of 2010 to
manufacture engines and cars for the Chinese market.
� In the second quarter of 2010 the CNH sector acquired 50% of LLC CNH – KAMAZ Industry, an equally held
joint venture set up to manufacture agricultural and construction machinery in the Russian Federation.
� In the second quarter of 2010 the Agricultural and Construction Equipment sector completed the sale of the
investment in the joint venture LBX Company LLC.
� On 30 June 2010, the Fiat Group acquired the remaining 50% of the joint venture Fiat Powertrain Polska Sp.
z.o.o. (ex Fiat GM Powertrain Polska), thereby obtaining 100% control. The 50% interest acquired was
consolidated on a line-by-line basis effective 1 January 2010.
� Certain subsidiaries in the Components sector whose total assets and revenues are not material for the Group
have been consolidated on a line-by-line basis during 2010.
� During the third quarter of 2010 the call option on the 5% of Ferrari S.p.A. share capital held by Mubadala
Development Company PJSC was exercised.
� In the fourth quarter of 2010 the Fiat Group Automobiles sector acquired TCA Tecnologia en Componentes
Automotivos SA, a company located in the Brazilian state of Pernambuco.
� During the fourth quarter of 2010 the Components sector incorporated the companies Magneti Marelli d.o.o.
Kragujevac and Plastic Components and Modules Fuel Tanks S.p.A., both recognised at cost.
ASSETS AND LIABILITIES HELD FOR SALE AND DISCONTINUED OPERATIONS
This section provides details of the contents of the items relating to Discontinued Operations as reported in the
Consolidated Income Statement, Consolidated Statement of Financial Position and Consolidated Statement of Cash
Flows.
From a methodological standpoint it should be noted that with reference to the presentation required by IFRS 5,
Discontinued Operations are included in the scope of consolidation of the Fiat Group at 31 December 2010 and
accordingly the total balances relating to the whole Group have been determined by making the appropriate
Fiat Group Consolidated Financial Statements at 31 December 2010 130