annual report - FIAT SpA

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JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD (continued) Name Registered Office Country Share capital Currency SAIC MAGNETI MARELLI Powertrain Co. Ltd Shanghai People’s Rep.of China 12,000,000 EUR 50.00 Magneti Marelli S.p.A. 50.000 SKH Magneti Marelli Exhaust Systems Private Limited New Delhi India 95,450,000 INR 46.62 Magneti Marelli S.p.A. 46.621 50.000 tema.mobility Turin Italy 850,000 EUR 50.00 Magneti Marelli S.p.A. 50.000 Metallurgical Products Hua Dong Teksid Automotive Foundry Co. Ltd. Zhenjiang-Jangsu People’s Rep.of China 385,363,550 CNY 42.40 Teksid S.p.A. 50.000 SUBSIDIARIES ACCOUNTED FOR USING THE EQUITY METHOD % of Group consolidation Interest held by Fiat Group Automobiles Alfa Romeo Inc. Winter Garden U.S.A. 3,000,000 USD 100.00 Fiat Group Automobiles S.p.A. 100.000 F.A. Austria Commerz GmbH Vienna Austria 37,000 EUR 100.00 Fiat Group Automobiles Switzerland S.A. 100.000 Fiat Auto Egypt Industrial Company SAE Giza Egypt 50,000,000 EGP 80.40 Fiat Group Automobiles S.p.A. 80.400 Fiat Auto Egypt S.A.E. Giza Egypt 5,000,000 EGP 79.60 Fiat Auto Egypt Industrial Company SAE 99.000 Italcar SA Casablanca Morocco 28,000,000 MAD 99.94 Fiat Group Automobiles Maroc S.A. 99.986 Sirio Polska Sp. z o.o. Bielsko-Biala Poland 1,350,000 PLN 100.00 Fiat Auto Poland S.A. 100.000 Components Cofap Fabricadora de Pecas Ltda Santo Andre Brazil 75,720,716 BRL 68.26 Magneti Marelli do Brasil Industria e Comercio SA % interest held Holding companies and Other companies Fabbrica Italia Pomigliano S.p.A. Turin Italy 200,000 EUR 100,00 Fiat Partecipazioni S.p.A. 100.000 Fast-Buyer S.p.A. Turin Italy 500,000 EUR 100,00 Fiat Partecipazioni S.p.A. 100.000 Fiat (China) Business Co., Ltd. Beijing People's Rep.of China 3,000,000 USD 100,00 Fiat Partecipazioni S.p.A. 100.000 Financière Pegaso France S.A. Trappes France 260,832 EUR 100,00 Fiat Gestione Partecipazioni S.p.A. 100.000 Isvor Fiat Società consortile di sviluppo Fiat Partecipazioni S.p.A. 54.000 e addestramento industriale per Azioni Turin Italy 300,000 EUR 99,54 Fiat Group Automobiles S.p.A. 16.000 Fiat Gestione Partecipazioni S.p.A. 12.000 Comau S.p.A. 3.000 Fiat Powertrain Technologies <strong>SpA</strong> 3.000 Fiat S.p.A. 3.000 Fiat Services S.p.A. 3.000 Magneti Marelli S.p.A. 3.000 Teksid S.p.A. 3.000 Iveco Motors of China Limited in liquidation Shanghai People’s Rep.of China 300,000 USD 100.00 Fiat Gestione Partecipazioni S.p.A. 100.000 Iveco S.P.R.L. Kinshasa Congo 1 CDF 100.00 Fiat Gestione Partecipazioni S.p.A. 99.992 (Dem. Rep. Congo) Astra Veicoli Industriali S.p.A. 0.008 New Business 8 S.r.l. Turin Italy 50,000 EUR 100.00 Fiat Partecipazioni S.p.A. 100.000 SGR-Sociedad para la Gestion de Riesgos S.A. Buenos Aires Argentina 150,000 ARS 99.96 Rimaco S.A. 99.960 Sistemi Ambientali S.p.A. in liquidation Rivoli Italy 9,544,080 EUR 99.79 Fiat Partecipazioni S.p.A. 99.785 68.350 % of voting rights Appedix I Fiat Companies at 31 December 2010 237
Name Registered Office Country Share capital Currency SUBSIDIARIES VALUED AT COST Fiat Group Automobiles (*) CMP Componentes e Modulos Plasticos Industria e Comercio Ltda. Contagem Brazil 4,375,687 BRL 100.00 Fiat Automoveis S.A. - FIASA 100.000 CODEFIS Società consortile per azioni Turin Italy 120,000 EUR 68.44 Fiat Group Automobiles S.p.A. CNH Capital U.K. Ltd Iveco Partecipazioni Finanziarie S.r.l. FAS FREE ZONE Ltd. Kragujevac Kragujevac Serbia 500 EUR 66.67 <strong>FIAT</strong> AUTOMOBILES SERBIA DOO KRAGUJEVAC 51.000 14.000 5.000 Fiat Auto Espana Marketing Instituto Agrupacion de Interes Economico Alcalá De Henares Spain 30,051 EUR 95.00 Fiat Group Automobiles Spain S.A. 95.000 Fiat Auto Marketing Institute (Portugal) ACE Alges Portugal 15,000 EUR 80.00 Fiat Group Automobiles Portugal, S.A. 80.000 Fiat Automobiles Service Co. Ltd. Nanjing People's Rep.of China 10,000,000 EUR 100.00 Fiat Group Automobiles S.p.A. 100.000 Fiat Motor Sales Ltd Slough Berkshire United Kingdom 1,500,000 GBP 100.00 Fiat Group Automobiles UK Ltd 100.000 TCA - Tecnologia em Componentes Automotivos SA % of Group consolidation Interest held by % interest held 100.000 Jaboatao do Guararapes Brazil 18,640,185 BRL 100.00 Fiat Automoveis S.A. - FIASA 100.000 Ferrari Ferrari (Suisse) SA in liquidation Nyon Switzerland 0 CHF 90.00 Ferrari S.p.A. 100.000 Scuderia Ferrari Club S.c. a r.l. Maranello Italy 105,000 EUR 84.86 Ferrari S.p.A. 94.286 Components Automotive Lighting Japan K.K. Magneti Marelli Automotive Components KohoKu-Ku-Yokohama Japan 10,000,000 JPY 99.99 Automotive Lighting Reutlingen GmbH 100.000 (India) Limited in liquidation Pune India 125,000,000 INR 99.99 Magneti Marelli S.p.A. 100.000 Magneti Marelli Comandos Mecanicos Magneti Marelli Sistemas Automotivos Industria e Comercio Ltda Sete Lagoas Brazil 1,000 BRL 99.99 Industria e Comercio Ltda 99.900 Magneti Marelli d.o.o. Kragujevac, Fiat do Brasil S.A. 0.100 Kosovska 4 Kragujevac Serbia 500 EUR 99.99 Magneti Marelli S.p.A. 100.000 Parco Scientifico e Tecnologico della Plastic Components and Modules Basilicata - S.p.A. in liquidation Grugliasco Italia 120,000 EUR 99.99 Holding S.p.A. 100.000 Plastic Components and Modules Plastic Components and Modules Fuel Tanks S.p.A. Sistemi Comandi Meccanici Otomotiv Grugliasco Italia 120,000 EUR 99.99 Automotive S.p.A. 100.000 Sanayi Ve Ticaret A.S. Bursa Turchia 90,000 TRY 99.95 Magneti Marelli S.p.A. 99.956 Sistemi Comandi Meccanici S.C.M. S.p.A. Corbetta Italia 1,800,000 EUR 99.99 Magneti Marelli S.p.A. 100.000 (*) Asset held for sale. Appedix I Fiat Companies at 31 December 2010 238 % of voting rights
Page 1 and 2:
ANNUAL REPORT AT 31 DECEMBER 2010 T
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FIAT S.P.A. - STATUTORY FINANCIAL S
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2010 IN SUMMARY 2010 RESULTS (€ b
Page 7 and 8:
AUTOMOBILES Fiat Practical, versati
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The range of tractors, balers and c
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FIAT & FIAT INDUSTRIAL WORLDWIDE Fr
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OPERATING RESPONSIBLY Fiat Group ha
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SELECT DATA BY REGION Fiat Group pr
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MAJOR SHAREHOLDERS At the date of t
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Ratings Services places Fiat SpA's
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UGL sign agreement for relaunch of
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MAIN RISKS AND UNCERTAINTIES TO WHI
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Risks associated with the high leve
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RESEARCH AND INNOVATION Promoting s
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the A22 operator, because it will m
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ELASIS Established in 1988, at the
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HUMAN RESOURCES At 31 December 2010
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implementation of the plan were ini
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2011, with a one-off gross payment
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Principal changes in the scope of c
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In Europe, Fiat Professional increa
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Trading profit/(loss) Fiat Group po
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the remaining 50% in Fiat-GM Powert
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Statement of Cash Flows Following i
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At 31 December 2010, consolidated n
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Operating Performance by Activity F
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Financial Services Net revenues for
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Assets and liabilities held for sal
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The above analysis of net debt by a
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Statement of Cash Flows for Fiat Gr
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CORPORATE GOVERNANCE FOREWORD The F
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ehalf of third parties, with the Co
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BOARD OF STATUTORY AUDITORS As requ
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€50,000,000 (€35,000,000 follow
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SUBSEQUENT EVENTS AND OUTLOOK SUBSE
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FIAT GROUP AUTOMOBILES Fiat, Abarth
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development of a supply network aro
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427,429 vehicles, representing a fi
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FERRARI Highlights OPERATING PERFOR
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Fiat Powertrain OPERATING PERFORMAN
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COMPONENTS Magneti Marelli OPERATIN
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competitive. Significant events inc
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PRODUCTION SYSTEMS Comau OPERATING
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AGRICULTURAL AND CONSTRUCTION EQUIP
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TRUCKS AND COMMERCIAL VEHICLES Ivec
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INNOVATION AND PRODUCTS Innovation
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FPT Industrial OPERATING PERFORMANC
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swaps. The €79 million increase o
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Non-current financial liabilities c
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FIAT GROUP CONSOLIDATED FINANCIAL S
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CONSOLIDATED STATEMENT OF COMPREHEN
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CONSOLIDATED STATEMENT OF FINANCIAL
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STATEMENT OF CHANGES IN CONSOLIDATE
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CONSOLIDATED STATEMENT OF FINANCIAL
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CONSOLIDATED STATEMENT OF CASH FLOW
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� As a result of the Demerger, on
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Associates Associates are enterpris
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conditions are met: that developmen
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In particular, Cash and cash equiva
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Assets and liabilities held for sal
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Research and development costs This
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Residual values of assets leased ou
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The above changes in accounting pri
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financial statement items, excludin
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SCOPE OF CONSOLIDATION The consolid
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eliminations of transactions and ba
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Assets and liabilities classified a
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Fiat Industrial - Historical combin
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COMPOSITION AND PRINCIPAL CHANGES 1
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A reconciliation to the income stat
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(€ million) 2010 2009 Theoretical
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Total at Year of expiry Unlimited/
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Ordinary shares Preference shares S
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In 2010 and in 2009 changes in accu
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Goodwill, trademarks and intangible
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subsequent cash flows into perpetui
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In 2010 and 2009, Changes in accumu
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The above mentioned changes include
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In 2009 Disposals and other changes
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have been prepared in accordance wi
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Operations for €57 million (€11
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(€ million) Allowance for receiva
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� the fair value of derivative fi
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(€ million) Currency risk Continu
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� further allocations to the lega
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In this respect capital means the v
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Other comprehensive income Other co
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At 31 December 2010 the features of
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On 18 February 2011, the Board of D
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vesting tied to the attainment of s
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Cash-settled share-based payments V
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In 2010 and in 2009 changes in Othe
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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 224 and 225: APPENDIX I FIAT COMPANIES AT 31 DEC
Page 226 and 227: SUBSIDIARIES CONSOLIDATED ON A LINE
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
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2009. Under the Program, purchases
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When the dividend paid to savings s
Page 294 and 295:
A summary of the terms of the stock
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20. Provisions for employee benefit
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The amounts recognized in the incom
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22. Other non-current liabilities A
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26. Other payables At 31 December 2
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December 2009), activities to compl
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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
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31. Net financial position Pursuant
Page 314 and 315:
List of equity investments (continu
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FEES PAID TO MEMBERS OF THE BOARD O
Page 318 and 319:
APPENDIX INFORMATION REQUIRED UNDER
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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
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