annual report - FIAT SpA

Total temporary differences (deductible and taxable) and tax losses at 31 December 2010 and amounts for which
deferred tax assets have not been recognized, broken down by year of expiry, are as follows:
(€ thousand)
Temporary differences and tax losses relating to IRES:
Total at 31
December 2010 2011 2012 2013 2014
Fiat S.p.A. – Statutory Financial Statements at 31 December 2010 278
Year of expiry
Beyond
2014
Deductible temporary differences 28,270 21,433 687 687 687 4,776
Taxable temporary differences (146,852) (145,451) - - - (1,401)
Tax losses
Temporary differences and tax losses for which
217,606 151,667 48,708 - 5,205 12,026
deferred tax assets have not been recognized (99,024) (27,649) (49,395) (687) (5,892) (15,401)
Temporary differences and tax losses subject to national taxation
Temporary differences relating to IRAP:
- - - - - -
Deductible temporary differences 222 222 - - - -
Taxable temporary differences (145,451) (145,451) - - - -
Temporary differences and tax losses subject to local taxation (145,229) (145,229) - - - -
9. Intangible assets
All intangible assets have been purchased and none of these have an indefinite useful life.
At 31 December 2010, intangible assets totaled €317 thousand and were subject to the following changes during the
year:
(Decreases) and
(€ thousand) 31 December 2009 Additions Amortization Other changes 31 December 2010
Gross carrying amount 573 44 - (105) 512
Accumulated amortization (260) - (40) 105 (195)
Net carrying amount 313 44 (40) - 317
Intangible assets essentially consist of leasehold improvements, which are amortized over the term of the lease
agreement (4 and 12 years).
Amortization on intangible assets is recognized in the income statement under other operating costs (Note 6).
During 2009, changes in intangible assets were as follows:
(Decreases) and
(€ thousand) 31 December 2008 Additions Amortization Other changes 31 December 2009
Gross carrying amount 628 - - (55) 573
Accumulated amortization (253) - (62) 55 (260)
Net carrying amount 375 - (62) - 313