annual report - FIAT SpA

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DISCONTINUED Name Registered Office Country Share capital Currency SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS % of Group consolidation Interest held by Agricultural and Construction Equipment CNH Global N.V. Amsterdam Netherlands 536,824,395 EUR 88.86 Fiat Netherlands Holding N.V. 88.800 88.857 CNH Global N.V. 0.065 0.000 Banco CNH Capital S.A. Curitiba Brazil 433,919,523 BRL 88.86 CNH Global N.V. 98.761 CNH Latin America Ltda. 1.239 Bli Group Inc. Wilmington U.S.A. 1,000 USD 88.86 CNH America LLC 100.000 Blue Leaf I.P. Inc. Wilmington U.S.A. 1,000 USD 88.86 Bli Group Inc. 100.000 Case Brazil Holdings Inc. Wilmington U.S.A. 1,000 USD 88.86 CNH America LLC 100.000 Case Canada Receivables, Inc. Calgary Canada 1 CAD 88.86 CNH Capital America LLC 100.000 Case Construction Machinery (Shanghai) Co., Ltd Shanghai People's Rep.of China 5,000,000 USD 88.86 CNH Global N.V. 100.000 Case Credit Holdings Limited Wilmington U.S.A. 5 USD 88.86 CNH Capital America LLC 100.000 Case Dealer Holding Company LLC Wilmington U.S.A. 1 USD 88.86 CNH America LLC 100.000 Case Equipment Holdings Limited Wilmington U.S.A. 5 USD 88.86 CNH America LLC 100.000 Case Equipment International Corporation Wilmington U.S.A. 1,000 USD 88.86 CNH America LLC 100.000 Case Europe S.a.r.l. Le Plessis-Belleville France 7,622 EUR 88.86 CNH America LLC 100.000 Case Harvesting Systems GmbH Berlin Germany 281,211 EUR 88.86 CNH America LLC 100.000 CASE IH Machinery Trading (Shanghai) Co. Ltd. Shanghai People’s Rep.of China 2,250,000 USD 88.86 CNH America LLC 100.000 Case India Limited Wilmington U.S.A. 5 USD 88.86 CNH America LLC 100.000 Case International Marketing Inc. Wilmington U.S.A. 5 USD 88.86 CNH America LLC 100.000 Case LBX Holdings Inc. Wilmington U.S.A. 5 USD 88.86 CNH America LLC 100.000 Case New Holland Inc. Wilmington U.S.A. 5 USD 88.86 CNH Global N.V. 100.000 Case New Holland Machinery (Harbin) Ltd. Harbin People’s Rep.of China 2,859,091 USD 88.86 CNH Asian Holding Limited N.V. 99.000 CNH Europe Holding S.A. 1.000 Case United Kingdom Limited Basildon United Kingdom 3,763,618 GBP 88.86 CNH America LLC 100.000 CNH Administradora de Serviços Ltda. Curitiba Brazil 100,000 BRL 88.86 Banco CNH Capital S.A. 99.900 CNH Latin America Ltda. 0.100 CNH America LLC Wilmington U.S.A. 0 USD 88.86 Case New Holland Inc. 100.000 CNH Argentina S.A. Buenos Aires Argentina 29,611,105 ARS 88.86 New Holland Holding (Argentina) S.A. 80.654 CNH Latin America Ltda. 19.346 CNH Asian Holding Limited N.V. Zedelgem Belgium 34,594,401 EUR 88.86 CNH Global N.V. 100.000 CNH Australia Pty Limited St. Marys Australia 306,785,439 AUD 88.86 CNH Global N.V. 100.000 CNH Baumaschinen GmbH Berlin Germany 61,355,030 EUR 88.86 CNH Europe Holding S.A. 100.000 CNH Belgium N.V. Zedelgem Belgium 27,268,300 EUR 88.86 CNH Europe Holding S.A. 100.000 CNH Canada, Ltd. Toronto Canada 28,000,100 CAD 88.86 CNH Global N.V. 100.000 CNH Capital America LLC Wilmington U.S.A. 0 USD 88.86 CNH Capital LLC 100.000 CNH Capital Australia Pty Limited St. Marys Australia 83,249,000 AUD 88.86 CNH Australia Pty Limited 100.000 CNH Capital Benelux NV Zedelgem Belgium 61,500 EUR 88.86 CNH Global N.V. 98.999 CNH Capital U.K. Ltd 1.001 % interest held % of voting rights Appedix I Fiat Companies at 31 December 2010 243
SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS (continued) Name Registered Office Country Share capital Currency % of Group consolidation Interest held by CNH Capital Canada Insurance Agency Ltd. Calgary Canada 1 CAD 88.86 CNH Capital Canada Ltd. 100.000 CNH Capital Canada Ltd. Calgary Canada 1 CAD 88.86 Case Credit Holdings Limited CNH Canada, Ltd. CNH Capital Equipment Loan and Lease Facility LLC Wilmington U.S.A. 5,000 USD 88.86 CNH Capital America LLC 100.000 CNH Capital Finance LLC Wilmington U.S.A. 5,000 USD 88.86 Case Credit Holdings Limited 100.000 CNH Capital Insurance Agency Inc. Wilmington U.S.A. 5 USD 88.86 CNH Capital America LLC 100.000 CNH Capital LLC CNH Capital Operating Lease Wilmington U.S.A. 0 USD 88.86 CNH America LLC 100.000 Equipment Receivables LLC Wilmington U.S.A. 0 USD 88.86 CNH Capital America LLC 100.000 CNH Capital Receivables LLC Wilmington U.S.A. 0 USD 88.86 CNH Capital America LLC 100.000 CNH Capital U.K. Ltd Basildon United Kingdom 10,000,001 GBP 88.86 CNH Capital Benelux NV 100.000 CNH Componentes, S.A. de C.V. Queretaro Mexico 135,634,842 MXN 88.86 CNH America LLC 100.000 CNH Danmark A/S Hvidovre Denmark 12,000,000 DKK 88.86 CNH Europe Holding S.A. 100.000 CNH Deutschland GmbH Heilbronn Germany 18,457,650 EUR 88.86 CNH Baumaschinen GmbH CNH Europe Holding S.A. CNH Engine Corporation Wilmington U.S.A. 1,000 USD 88.86 CNH America LLC 100.000 CNH Europe Holding S.A. Luxembourg Luxembourg 53,000,000 USD 88.86 CNH Global N.V. 100.000 CNH Financial Services A/S Hvidovre Denmark 500,000 DKK 88.86 CNH Global N.V. 100.000 CNH Financial Services GmbH Heilbronn Germany 1,151,000 EUR 88.86 CNH Europe Holding S.A. 100.000 CNH Financial Services S.A.S. Morigny-Champigny France 50,860,641 EUR 88.86 CNH Global N.V. 98.888 CNH Capital Benelux NV 1.112 CNH France S.A. Morigny-Champigny France 138,813,150 EUR 88.86 CNH Europe Holding S.A. 100.000 CNH International S.A. Paradiso Switzerland 100,000 CHF 88.86 CNH Global N.V. 100.000 CNH Italia s.p.a. Turin Italy 15,600,000 EUR 88.86 CNH Osterreich GmbH 75.000 CNH Global N.V. 25.000 CNH Latin America Ltda. Contagem Brazil 847,210,015 BRL 88.86 CNH Global N.V. 85.658 Case Brazil Holdings Inc. Case Equipment International 12.557 Corporation 1.785 CNH Maquinaria Spain S.A. Coslada Spain 21,000,000 EUR 88.86 CNH Europe Holding S.A. 99.999 CNH Osterreich GmbH St. Valentin Austria 2,000,000 EUR 88.86 CNH Global N.V. 100.000 CNH Polska Sp. z o.o. Plock Poland 162,591,660 PLN 88.86 CNH Belgium N.V. 100.000 CNH Portugal-Comercio de Tractores CNH Europe Holding S.A. 99.980 e Maquinas Agricolas Ltda Carnaxide Portugal 498,798 EUR 88.86 CNH Italia s.p.a. 0.020 CNH Receivables LLC Wilmington U.S.A. 0 USD 88.86 CNH Capital America LLC 100.000 CNH Reman LLC Wilmington U.S.A. 4,000,000 USD 44.43 CNH America LLC 50.000 CNH Services (Thailand) Limited Bangkok Thailand 10,000,000 THB 88.86 CNH Services S.r.l. 99.997 CNH Services S.r.l. Modena Italy 10,400 EUR 88.86 CNH Italia s.p.a. 100.000 CNH Trade N.V. Amsterdam Netherlands 50,000 EUR 88.86 CNH Global N.V. 100.000 % interest held 99.500 0.500 90.000 10.000 Appedix I Fiat Companies at 31 December 2010 244 % 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
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The present value of the defined be
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� Environmental risks - This prov
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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 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 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
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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
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The effects of these transactions o
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31 December 2009 Non- Current curre
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31. Net financial position Pursuant
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List of equity investments (continu
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FEES PAID TO MEMBERS OF THE BOARD O
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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
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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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