annual report - FIAT SpA

The following is a reconciliation between the Net financial position as presented in the above table and Net debt as
presented in the Report on Operations:
(€ million)
Continuing
Operations
At 31 December 2010
Discontinued
At 31 December 2009
Operations Total Total
Consolidated net debt as presented in the Report on Operations (2,753) (12,179) (14,932) (15,898)
Less: Current financial receivables, excluding those due from jointly controlled
financial services companies relating to Continuing Operations, amounting to
€12 million at 31 December 2010 (€14 million at 31 December 2009) 2,854 10,908 13,762 12,681
Net financial position 101 (1,271) (1,170) (3,217)
Reference should be made to Notes 19, 20, 21 and 22 and the information provided in this Note for a further analysis
of the items in the table.
27. Trade payables
An analysis by due date of trade payables is as follows:
(€ million)
Due within
one year
Due
between
one and
five years
At 31 December 2010
Due
beyond
five years Total
Due within
one year
Due
between
one and
five years
At 31 December 2009
Due
beyond
five years Total
Trade payables classified as Continuing
Operations 9,338 6 1 9,345 12,281 13 1 12,295
Trade payables classified as
Discontinued Operations 3,901 4 1 3,906 - - - -
Trade payables 13,239 10 2 13,251 12,281 13 1 12,295
The carrying amount of Trade payables is considered in line with their fair value at the balance sheet date.
28. Other current liabilities
An analysis of Other current liabilities is as follows:
At 31 December 2010 At 31 December 2009
(€ million)
Continuing
Operations
Discontinued
Operations Total Total
Advances on buy-back agreements 822 1,010 1,832 1.885
Indirect tax payables 1,063 309 1,372 1.082
Accrued expenses and deferred income 806 340 1,146 1.078
Payables to personnel 269 190 459 468
Social security payables
Amounts due to customers for contract work (Note
280 159 439 423
18) 105 - 105 81
Other 563 334 897 848
Total Other current liabilities 3,908 2,342 6,250 5.865
An analysis of Other current liabilities (excluding Accrued expenses and deferred income) by due date is as follows:
(€ million)
due within
one year
due
between
one and
five years
At 31 December 2010 At 31 December 2009
due
beyond
five years Total
due within
one year
due
between
one and
five years
due
beyond
five years Total
Other current liabilities (excluding
Accrued expenses and deferred income)
classified as Continuing Operations 2,544 545 13 3,102 3,859 891 37 4,787
Other current liabilities (excluding
Accrued expenses and deferred income)
classified as Discontinued Operations 1,361 618 23 2,002 - - - -
Total Other current liabilities
(excluding Accrued expenses and
deferred income) 3,905 1,163 36 5,104 3,859 891 37 4,787
Fiat Group Consolidated Financial Statements at 31 December 2010 194