annual report - FIAT SpA

More documents

Recommendations

Info

APPENDIX I <strong>FIAT</strong> COMPANIES AT 31 DECEMBER 2010 In accordance with Article 126 of Consob Regulation 11971 of 14 May 1999, as subsequently amended, a complete list of Group companies and significant investments at 31 December 2010 is provided on the following pages. Companies in the list are grouped according to type of control, method of consolidation, their allocation to the group of Continuing or Discontinued Operations and classification by operating segment (pursuant to IFRS 8). For each company, the following information is provided: name, location of registered office, country and share capital stated in original currency. Additionally, the percentage consolidated and the percentage interest held directly by Fiat S.p.A. or its subsidiary is also shown. The column on the far right shows the percentage of voting rights exercisable at an ordinary general meeting, where such percentage differs from the percentage of shares held. Appedix I Fiat Companies at 31 December 2010 223
Name Registered Office Country Share capital Currency CONTROLLING COMPANY Parent Company Fiat S.p.A. Turin Italy 6,377,262,975 EUR -- -- -- -- SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS % of Group consolidation Interest held by % interest held Fiat Group Automobiles Fiat Group Automobiles S.p.A. Turin Italy 745,031,979 EUR 100.00 Fiat S.p.A. 100.000 Abarth & C. S.p.A. Turin Italy 1,500,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Alfa Romeo Automobiles S.p.A. Turin Italy 120,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Alfa Romeo U.S.A. S.p.A. Turin Italy 120,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Banco Fidis S.A. Betim Brazil 337,261,783 BRL 100.00 Fidis S.p.A. 75.000 Fiat Automoveis S.A. - FIASA 25.000 Customer Services Centre S.r.l. Turin Italy 2,500,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Easy Drive S.r.l. Turin Italy 10,400 EUR 100.00 Fiat Group Automobiles S.p.A. 99.000 Fiat Center Italia S.p.A. 1.000 FGA Investimenti S.p.A. FGA Officine Automobilistiche Turin Italy 2,000,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Grugliasco S.p.A. Turin Italy 500,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 FGA Versicherungsservice GmbH Heilbronn Germany 26,000 EUR 100.00 Fiat Group Automobiles Germany AG 51.000 Fiat Auto Argentina S.A. Rimaco S.A. 49.000 (business Fiat Group Automobiles) Buenos Aires Argentina 476,464,366 ARS 100.00 Fiat Automoveis S.A. - FIASA 100.000 Fiat Auto Poland S.A. Fiat Auto S.A. de Ahorro Bielsko-Biala Poland 660,334,600 PLN 100.00 Fiat Group Automobiles S.p.A. 100.000 para Fines Determinados Buenos Aires Argentina 109,535,149 ARS 100.00 Fiat Auto Argentina S.A. 100.000 Fiat Auto Var S.r.l. Turin Italy 7,370,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Fiat Automobil Vertriebs GmbH Frankfurt Germany 8,700,000 EUR 100.00 Fiat Group Automobiles Germany AG 100.000 Fiat Automobiles S.p.A. <strong>FIAT</strong> AUTOMOBILES SERBIA Turin Italy 120,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 DOO KRAGUJEVAC Kragujevac Serbia 300,000,000 EUR 66.67 Fiat Group Automobiles S.p.A. 66.672 Fiat Automotive Finance Co. Ltd. Fiat Automoveis S.A. - FIASA Shanghai People's Rep.of China 500,000,000 CNY 100.00 Fidis S.p.A. 100.000 (business Fiat Group Automobiles) Betim Brazil 1,069,492,850 BRL 100.00 Fiat Group Automobiles S.p.A. 100.000 Fiat Center (Suisse) S.A. Meyrin Switzerland 13,000,000 CHF 100.00 Fiat Group Automobiles Switzerland S.A. 100.000 Fiat Center Italia S.p.A. Turin Italy 2,000,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Fiat CR Spol. S.R.O. Prague Czech Republic 1,000,000 CZK 100.00 Fiat Group Automobiles S.p.A. 100.000 Fiat Credito Compania Financiera S.A. Buenos Aires Argentina 223,129,357 ARS 100.00 Fidis S.p.A. 100.000 Appedix I Fiat Companies at 31 December 2010 224 % of voting rights
Page 1 and 2:
ANNUAL REPORT AT 31 DECEMBER 2010 T
Page 3 and 4:
FIAT S.P.A. - STATUTORY FINANCIAL S
Page 5 and 6:
2010 IN SUMMARY 2010 RESULTS (€ b
Page 7 and 8:
AUTOMOBILES Fiat Practical, versati
Page 9 and 10:
The range of tractors, balers and c
Page 11 and 12:
FIAT & FIAT INDUSTRIAL WORLDWIDE Fr
Page 13 and 14:
OPERATING RESPONSIBLY Fiat Group ha
Page 15 and 16:
SELECT DATA BY REGION Fiat Group pr
Page 17 and 18:
MAJOR SHAREHOLDERS At the date of t
Page 19 and 20:
Ratings Services places Fiat SpA's
Page 21 and 22:
UGL sign agreement for relaunch of
Page 23 and 24:
MAIN RISKS AND UNCERTAINTIES TO WHI
Page 25 and 26:
Risks associated with the high leve
Page 27 and 28:
RESEARCH AND INNOVATION Promoting s
Page 29 and 30:
the A22 operator, because it will m
Page 31 and 32:
ELASIS Established in 1988, at the
Page 33 and 34:
HUMAN RESOURCES At 31 December 2010
Page 35 and 36:
implementation of the plan were ini
Page 37 and 38:
2011, with a one-off gross payment
Page 39 and 40:
Principal changes in the scope of c
Page 41 and 42:
In Europe, Fiat Professional increa
Page 43 and 44:
Trading profit/(loss) Fiat Group po
Page 45 and 46:
the remaining 50% in Fiat-GM Powert
Page 47 and 48:
Statement of Cash Flows Following i
Page 49 and 50:
At 31 December 2010, consolidated n
Page 51 and 52:
Operating Performance by Activity F
Page 53 and 54:
Financial Services Net revenues for
Page 55 and 56:
Assets and liabilities held for sal
Page 57 and 58:
The above analysis of net debt by a
Page 59 and 60:
Statement of Cash Flows for Fiat Gr
Page 61 and 62:
CORPORATE GOVERNANCE FOREWORD The F
Page 63 and 64:
ehalf of third parties, with the Co
Page 65 and 66:
BOARD OF STATUTORY AUDITORS As requ
Page 67 and 68:
€50,000,000 (€35,000,000 follow
Page 69 and 70:
SUBSEQUENT EVENTS AND OUTLOOK SUBSE
Page 71 and 72:
FIAT GROUP AUTOMOBILES Fiat, Abarth
Page 73 and 74:
development of a supply network aro
Page 75 and 76:
427,429 vehicles, representing a fi
Page 77 and 78:
FERRARI Highlights OPERATING PERFOR
Page 79 and 80:
Fiat Powertrain OPERATING PERFORMAN
Page 81 and 82:
COMPONENTS Magneti Marelli OPERATIN
Page 83 and 84:
competitive. Significant events inc
Page 85 and 86:
PRODUCTION SYSTEMS Comau OPERATING
Page 87 and 88:
AGRICULTURAL AND CONSTRUCTION EQUIP
Page 89 and 90:
TRUCKS AND COMMERCIAL VEHICLES Ivec
Page 91 and 92:
INNOVATION AND PRODUCTS Innovation
Page 93 and 94:
FPT Industrial OPERATING PERFORMANC
Page 95 and 96:
swaps. The €79 million increase o
Page 97 and 98:
Non-current financial liabilities c
Page 100 and 101:
FIAT GROUP CONSOLIDATED FINANCIAL S
Page 102 and 103:
CONSOLIDATED STATEMENT OF COMPREHEN
Page 104 and 105:
CONSOLIDATED STATEMENT OF FINANCIAL
Page 106 and 107:
STATEMENT OF CHANGES IN CONSOLIDATE
Page 108 and 109:
CONSOLIDATED STATEMENT OF FINANCIAL
Page 110 and 111:
CONSOLIDATED STATEMENT OF CASH FLOW
Page 112 and 113:
� As a result of the Demerger, on
Page 114 and 115:
Associates Associates are enterpris
Page 116 and 117:
conditions are met: that developmen
Page 118 and 119:
In particular, Cash and cash equiva
Page 120 and 121:
Assets and liabilities held for sal
Page 122 and 123:
Research and development costs This
Page 124 and 125:
Residual values of assets leased ou
Page 126 and 127:
The above changes in accounting pri
Page 128 and 129:
financial statement items, excludin
Page 130 and 131:
SCOPE OF CONSOLIDATION The consolid
Page 132 and 133:
eliminations of transactions and ba
Page 134 and 135:
Assets and liabilities classified a
Page 136 and 137:
Fiat Industrial - Historical combin
Page 138 and 139:
COMPOSITION AND PRINCIPAL CHANGES 1
Page 140 and 141:
A reconciliation to the income stat
Page 142 and 143:
(€ million) 2010 2009 Theoretical
Page 144 and 145:
Total at Year of expiry Unlimited/
Page 146 and 147:
Ordinary shares Preference shares S
Page 148 and 149:
In 2010 and in 2009 changes in accu
Page 150 and 151:
Goodwill, trademarks and intangible
Page 152 and 153:
subsequent cash flows into perpetui
Page 154 and 155:
In 2010 and 2009, Changes in accumu
Page 156 and 157:
The above mentioned changes include
Page 158 and 159:
In 2009 Disposals and other changes
Page 160 and 161:
have been prepared in accordance wi
Page 162 and 163:
Operations for €57 million (€11
Page 164 and 165:
(€ million) Allowance for receiva
Page 166 and 167:
� the fair value of derivative fi
Page 168 and 169:
(€ million) Currency risk Continu
Page 170 and 171:
� further allocations to the lega
Page 172 and 173:
In this respect capital means the v
Page 174 and 175: Other comprehensive income Other co
Page 176 and 177: At 31 December 2010 the features of
Page 178 and 179: On 18 February 2011, the Board of D
Page 180 and 181: vesting tied to the attainment of s
Page 182 and 183: Cash-settled share-based payments V
Page 184 and 185: In 2010 and in 2009 changes in Othe
Page 186 and 187: The amounts recognised in the incom
Page 188 and 189: The present value of the defined be
Page 190 and 191: � Environmental risks - This prov
Page 192 and 193: The major bond issues outstanding a
Page 194 and 195: At 31 December 2009, Payables for f
Page 196 and 197: The item Advances on buy-back agree
Page 198 and 199: Operating lease contracts The Group
Page 200 and 201: also carry out financial services a
Page 202 and 203: (€ million) CNH Iveco FPT Industr
Page 204 and 205: (€ million) FGA Maserati Ferrari
Page 206 and 207: The following is an analysis of rev
Page 208 and 209: programmes that were implemented fr
Page 210 and 211: In addition, the financial services
Page 212 and 213: The following table provides an ana
Page 214 and 215: Transactions with jointly controlle
Page 216 and 217: � Cost of sales: transactions wer
Page 218 and 219: � Trade receivables: these relate
Page 220 and 221: The consideration paid for this acq
Page 222 and 223: 36. Explanatory notes to the Statem
Page 226 and 227: SUBSIDIARIES CONSOLIDATED ON A LINE
Page 238 and 239: JOINTLY-CONTROLLED ENTITIES ACCOUNT
Page 240 and 241: SUBSIDIARIES VALUED AT COST (contin
Page 242 and 243: Name Registered Office Country Shar
Page 244 and 245: DISCONTINUED Name Registered Office
Page 252 and 253: SUBSIDIARIES VALUED AT COST (contin
Page 254 and 255: APPENDIX II INFORMATION REQUIRED UN
Page 256 and 257: FIAT S.P.A. STATUTORY FINANCIAL STA
Page 258 and 259: STATEMENT OF FINANCIAL POSITION (*)
Page 260 and 261: STATEMENT OF CHANGES IN EQUITY (€
Page 262 and 263: STATEMENT OF FINANCIAL POSITION pur
Page 264 and 265: NOTES TO THE STATUTORY FINANCIAL ST
Page 266 and 267: and investments in subsidiaries and
Page 268 and 269: income on a percentage completion b
Page 270 and 271: Dividends payable Dividends payable
Page 272 and 273: emain with the entity that transfer
Page 274 and 275:
With regard to the shareholding in
Page 276 and 277:
6. Other operating costs A breakdow
Page 278 and 279:
A reconciliation between theoretica
Page 280 and 281:
10. Property, plant and equipment A
Page 282 and 283:
Investments in subsidiaries and cha
Page 284 and 285:
During 2009, changes in investments
Page 286 and 287:
16. Other current receivables At 31
Page 288 and 289:
Prior to shareholder approval of th
Page 290 and 291:
2009. Under the Program, purchases
Page 292 and 293:
When the dividend paid to savings s
Page 294 and 295:
A summary of the terms of the stock
Page 296 and 297:
20. Provisions for employee benefit
Page 298 and 299:
The amounts recognized in the incom
Page 300 and 301:
22. Other non-current liabilities A
Page 302 and 303:
26. Other payables At 31 December 2
Page 304 and 305:
December 2009), activities to compl
Page 306 and 307:
proceedings, the possible outcome o
Page 308 and 309:
The effects of these transactions o
Page 310 and 311:
31 December 2009 Non- Current curre
Page 312 and 313:
31. Net financial position Pursuant
Page 314 and 315:
List of equity investments (continu
Page 316 and 317:
FEES PAID TO MEMBERS OF THE BOARD O
Page 318 and 319:
APPENDIX INFORMATION REQUIRED UNDER
Page 320 and 321:
Auditor's Reports 319
Page 322 and 323:
321 Auditor's Reports 321
Page 324 and 325:
REPORTS OF THE BOARD OF STATUTORY A
Page 326 and 327:
Examination of the pro forma consol
Page 328 and 329:
completeness, the report on operati
Page 330:
� Riccardo Perotta: Chairman of t
show all

annual report - FIAT SpA

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?