annual report - FIAT SpA

� Debt payable to Continuing Operations: this relates mainly to financing provided by Fiat Group's central
treasury companies (Fiat Finance S.p.A. Fiat Finance and Trade Ltd Sa, Fiat Finance Canada Ltd and Fiat
Finance North America Inc.) remaining within Fiat Group Post-Demerger to the companies transferred to Fiat
Industrial Group.
Transactions with other related parties
The principal transaction in this category arising from Selling, general and administrative costs and consists of
sponsorship costs of €7 million incurred in 2010 (€13 million in 2009) arising from the to contract signed with Juventus
Football Club S.p.A. in 2007 and regarding the second part of the 2009-2010 football season.
Emoluments to Directors, Statutory Auditors and Key Management
The fees of the Director and Statutory Auditors of Fiat S.p.A. for carrying out their respective functions, including those
in other consolidated companies, are as follows:
(€ million) 2010 2009
Directors (a) 32,896 21,732
Statutory auditors 260 206
Total Emoluments 33,156 21,938
(a) This amount includes for both 2010 and 2009 the notional compensation cost arising from stock options and stock grants awarded to the Chief
Executive Officer.
The aggregate expense incurred in 2010 and accrued at year end for the compensation of Executives with strategic
responsibilities of the Group amounts to approximately €25 million. This amount is inclusive of the following:
� the amount contributed by the Group to State and employer defined contribution pension funds of
approximately €1 million;
� the amount contributed by the Group to a special defined benefit plan for certain senior Executives amounting
to €0.4 million.
35. Acquisitions and Disposals of subsidiaries
Acquisitions
In 2010, the Group acquired the following subsidiaries:
� In the second quarter of 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, leading to the recognition of a gain
amounting to €10 million. The IFRS book values of Fiat GM Powertrain Polska’s assets and liabilities at the
acquisition date and immediately after the acquisition were as follows:
IFRS book value at the
IFRS book value
immediately after the
(€ million)
acquisition date
acquisition
Non-current assets 115 115
Current assets 157 157
Total assets 272 272
Liabilities 100 100
Contingent liabilities - -
Fiat Group Consolidated Financial Statements at 31 December 2010 218