annual report - FIAT SpA

Transactions with jointly controlled entities
These transactions affected revenues, cost of sales, trade receivables and payables, current receivables from
financing activities, asset backed-financing, and other financial payables. The effects arising on the financial
statements are set out as follows.
� Net revenues: transactions consist principally of sales of motor vehicles, production systems and components,
including engines and gearboxes, and the provision of services, to the following companies:
(€ million) 2010 2009
Tofas-Turk Otomobil Fabrikasi Tofas A.S., for the sale of motor vehicles 1,152 835
Società Europea Veicoli Leggeri-Sevel S.p.A., for the sale of engines, other components and production systems 362 252
FGA Capital for the sale of motor vehicles 101 83
Fiat India Automobiles Limited, for the provision of services, recharges of research costs and the sale of materials 73 113
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme,
for the sale of engines and other components and production systems 32 30
Other 10 14
Total Net revenues from jointly controlled entities 1,730 1,327
� Cost of sales: transactions have taken place principally with the following companies:
(€ million) 2010 2009
Società Europea Veicoli Leggeri-Sevel S.p.A., for the purchase of motor vehicles 1,318 1,106
Tofas-Turk Otomobil Fabrikasi Tofas A.S., for the purchase of motor vehicles 1,230 991
Société Européenne de Véhicules Légers du Nord-Sevelnord Société Anonyme, for the purchase of motor vehicles 329 427
FGA Capital, for charges on the sale of receivables and the purchase of motor vehicles 72 106
Fiat India Automobiles Limited, for the purchase of engines 34 22
Other 12 17
Total Cost of sales for purchases from jointly controlled entities 2,995 2,669
� Trade receivables: these relate to receivables resulting from the revenues discussed above and those arising
from the Group’s trade relationships with FGA Capital, which mostly regard the sales of vehicles leased out by
FGA Capital in turn under operating or financial lease arrangements. In particular:
(€ million) At 31 December 2010 At 31 December 2009
Fiat India Automobiles Limited 104 170
FGA Capital 96 83
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 90 83
Società Europea Veicoli Leggeri-Sevel S.p.A.
Société Européenne de Véhicules Légers du Nord-Sevelnord Société
28 47
Anonyme 1 2
Other 6 84
Total Current trade receivables due from jointly controlled entities 325 469
� Trade payables: these relate to payables resulting from the costs discussed above and those arising from the
Group’s trade relationships with FGA Capital. In particular:
(€ million) At 31 December 2010 At 31 December 2009
Società Europea Veicoli Leggeri-Sevel S.p.A. 466 290
Tofas-Turk Otomobil Fabrikasi Tofas A.S. 220 250
FGA Capital
Société Européenne de Véhicules Légers du Nord-Sevelnord Société
52 80
Anonyme 51 113
Other 9 60
Total Trade payables due to jointly controlled entities 798 793
� Current receivables from financing activities: this item, amounting to €63 million at 31 December 2010
(€62 million at 31 December 2009), mainly relates to receivables of the Group financial services companies due
Fiat Group Consolidated Financial Statements at 31 December 2010 213