annual report - FIAT SpA
annual report - FIAT SpA
annual report - FIAT SpA
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With reference to Discontinued Operations, the effects on the consolidated statement of financial position at<br />
31 December 2010 are as follows:<br />
(€ million)<br />
At 31<br />
December Unconsolidated<br />
2010 Subsidiaries<br />
Jointly<br />
controlled Associated<br />
entities companies<br />
Continuing<br />
Operations<br />
of which: with related parties<br />
Other<br />
related<br />
parties<br />
Total<br />
related<br />
parties<br />
Effect on<br />
Total (%)<br />
Other investments and non-current<br />
financial assets 58 1 - 11 - - 12 20.7%<br />
Trade receivables<br />
Current receivables from financing<br />
1,791 3 78 63 19 - 163 9.1%<br />
activities<br />
Financial receivables from<br />
10,908 - - - - - - -<br />
Continuing Operations 2,865 - - - 2,865 - 2,865 100%<br />
Current tax receivables 552 - - - - - - -<br />
Other current assets 112 - - - - - - -<br />
Current financial assets 3,686 - - - - - - -<br />
Cash and cash equivalents 8,321 - - 219 - - 219 2.6%<br />
Asset-backed financing<br />
Debt payable to Continuing<br />
4,748 - 1 49 5 - 55 1.2%<br />
Operations 5,626 - - - 5,626 - 5,626 100%<br />
Other debt 147 - - - - - - -<br />
Other financial liabilities 3,906 1 38 39 10 1 89 2.3%<br />
Trade payables 503 - - - - - - -<br />
Current tax payables 2,342 - 48 - - - 48 2.0%<br />
Transactions with jointly controlled entities<br />
These transactions affected revenues, cost of sales, trade receivables and payables. The effects arising on the<br />
financial statements are set out as follows.<br />
� Net revenues: the transactions consist principally of sales of commercial vehicles, and agricultural and<br />
construction machinery, and the provision of services, to the following companies:<br />
(€ million) 2010 2009<br />
Iveco Oto Melara Società consortile, for the sale of vehicles and special transport 123 97<br />
CNH de Mexico SA de CV, for the sale of agricultural and construction equipment 46 36<br />
Turk Traktor Ve Ziraat Makineleri A.S., for the sale of agricultural and construction equipment 26 19<br />
SAIC IVECO Commercial Vehicle Investment Company Limited for technical services 23 2<br />
New Holland HFT Japan Inc., for the sale of agricultural and construction equipment 14 23<br />
Other 17 14<br />
Total Net revenues from jointly controlled entities 249 191<br />
� Cost of sales: transactions have taken place principally with the following companies:<br />
(€ million) 2010 2009<br />
Turk Traktor Ve Ziraat Makineleri A.S., for the purchase of agricultural equipment 169 137<br />
Other 18 19<br />
Total Cost of sales for purchases from jointly controlled entities 187 156<br />
Fiat Group Consolidated Financial Statements at 31 December 2010 216
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