annual report - FIAT SpA

emain with the entity that transferred the assets. The amendments also require additional disclosures if a
disproportionate amount of transfers are undertaken around the end of a reporting period. At the date of these financial
statements, application of these amendments had not yet been endorsed by the European Union.
On 20 December 2010, the IASB issued a minor amendment to IAS 12 – Income taxes, requiring an entity to measure
the deferred tax relating to an asset depending on whether the entity expects to recover the carrying amount of the
asset through use or sale. As a result of this amendment, SIC 21 – Income Taxes – Recovery of Revalued Non-
Depreciable Assets will no longer apply. Adoption of the amendment is mandatory from 1 January 2012. At the date of
these financial statements, the amendment had not yet been endorsed by the European Union.
RISK MANAGEMENT
The risks to which Fiat S.p.A. is exposed, either directly or indirectly through its subsidiaries, are the same as those of
the companies of which it is Parent. Reference should therefore be made to the note on Risk Management included in
the Notes to the Consolidated Financial Statements of the Fiat Group as well as to Note 28.
Fiat S.p.A. – Statutory Financial Statements at 31 December 2010 271