annual report - FIAT SpA

STATEMENT OF CASH FLOWS (*)
(€ thousand) 2010 2009
A) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 474 495
B) CASH FROM/(USED IN) OPERATING ACTIVITIES:
Profit/(loss) for the period 441,959 339,964
Amortization and depreciation 1,714 1,706
Non-cash cost of stock option plans 17,241 4,659
Impairment losses/(reversals) on investments (155,700) 858,000
Fair value adjustment to equity swaps on Fiat shares (107,070) (116,992)
Losses/(gains) on disposals (33) -
Change in provisions for employee benefits and other provisions (4,559) 1,141
Change in deferred taxes 7,000 (5,858)
Change in working capital (137,315) 274,280
TOTAL 63,237 1,356,900
C) CASH FROM/(USED IN) INVESTING ACTIVITIES:
Investments relating to:
Incorporation and capitalization of subsidiaries (2,258,853) (406,467)
Reductions in investments relating to:
Proceeds from disposals 36 -
Other (investments)/disposals, net 3,706 (6,429)
TOTAL (2,255,111) (412,896)
D) CASH FROM/(USED IN) FINANCING ACTIVITIES:
Change in current financial assets 197,418 (606,947)
Proceeds from non-current financial payables and other changes 2,194,660 6,251
Repayment of non-current financial payables (400,000) -
Change in current financial liabilities 436,681 (318,556)
Increase in share capital - -
Purchase of own shares - -
Sale of own shares - -
Dividends paid (237,119) (24,773)
TOTAL 2,191,640 (944,025)
E) NET CHANGE IN CASH AND CASH EQUIVALENTS (234) (21)
F) CASH AND CASH EQUIVALENTS AT END OF THE YEAR 240 474
(*) Pursuant to Consob Resolution 15519 of 27 July 2006, the effects of transactions with related parties on the Statement of Cash Flows of Fiat S.p.A.
are presented in a specific statement of cash flows provided on the following pages.
Fiat S.p.A. – Statutory Financial Statements at 31 December 2010 258