annual report - FIAT SpA

� Cost of sales: transactions were principally carried up with the following companies:
(€ million) 2010 2009
Entities of the Iveco sector, for the purchase of commercial vehicles 283 196
Others 79 9
Total Cost of Sales from Discontinued Operations 362 205
� Receivables from financing activities due from Discontinued Operations: these relate mainly to financing
provided by the central treasury companies of the Fiat Group to remain within Fiat Group Post-Demerger (Fiat
Finance S.p.A. Fiat Finance and Trade Ltd SA, Fiat Finance Canada Ltd and Fiat Finance North America Inc.)
to the companies transferred to Fiat Industrial Group.
� Debt payable to Discontinued Operations: this consists mainly of cash held on deposit with Fiat Group’s central
treasury companies to remain within Fiat group Post- Demerger by the companies transferred to the Fiat
Industrial Group.
Transactions with other related parties
The principal transaction in this category relates to an amount of €83 million (€65 million in 2009) classified in Cost of
sales; included in this balance is the purchase of steel from the Corus group, which is part of the Tata group, for an
amount of €59 million (€41 million in 2009). In 2010 the amount includes the purchase of goods of €19 million (€18
million in 2009) for the high range and deluxe upholstery of the Group's automobiles from Poltrona Frau S.p.A., a
company listed on the Italian Stock Exchange in which the Chairman of the Board of Directors of Fiat S.p.A. at the
time, Luca Cordero di Montezemolo, holds an indirect investment.
The Selling, general and administrative costs include the emoluments to Directors, Statutory Auditors and Key
Management.
In the statement of financial position at 31 December 2009, this item also included deposits, financial payables and
the fair value of derivative financial instruments arising from transactions with companies of the Crédit Agricole Group,
which was no longer a related party in 2010.
Discontinued Operations
With respect to Profit/(loss) from Discontinued Operations, the effects of such transactions on the consolidated
income statements for 2010 and 2009 are as follows:
of which: with related parties
Jointly
Other Total
Unconsolidated controlled Associated Continuing related related Effect on
(€ million) Total 2010 Subsidiaries entities companies Operations parties parties Total (%)
Net revenues 21,342 - 249 238 718 - 1,205 5.6%
Cost of sales
Selling, general and administrative
17,979 - 187 154 342 3 686 3.8%
costs 1,793 - - - 155 7 162 9.0%
of which: with related parties
Jointly
Other Total
Unconsolidated controlled Associated Continuing related related Effect on
(€ million) Total 2009 Subsidiaries entities companies Operations parties parties Total (%)
Net revenues 17,968 - 191 202 444 - 837 4.7%
Cost of sales
Selling, general and administrative
15,549 - 156 118 162 3 439 2.8%
costs 1,636 - - - 167 13 180 11.0%
Fiat Group Consolidated Financial Statements at 31 December 2010 215