List of equity investments (continued) Company and registered office Share Capital(*) (€) Fiat Finance S.p.A. – Turin Result for the latest financial year(*) (€) Equity(*) (€) % owned by Fiat S.p.A. Number of shares Book value (€) At 31.12.09 224,440,000 5,395,194 433,754,480 100.00 224,440,000 222,262,897 At 31.12.10 224,440,000 17,292,422 271,046,902 100.00 224,440,000 222,262,897 Business Solutions S.p.A. - Turin At 31.12.09 4,791,396 4,947,508 24,068,845 100.00 4,791,396 36,405,062 At 31.12.10 4,791,396 8,069,470 13,820,394 100.00 4,791,396 36,405,062 Itedi – Italiana Edizioni S.p.A. – Turin At 31.12.09 5,980,000 (1,586,503) 26,173,189 100.00 5,980,000 25,899,105 At 31.12.10 5,980,000 (15,571,825) 10,601,365 100.00 5,980,000 25,899,105 Fiat Industrial S.p.A. – Turin • subscription to share capital 120,000 • capital contribution 6,159,333 • impairment (6,100,000) At 31.12.10 120,000 (6,159,333) 120,000 100.00 80,000 179,333 Fiat Switzerland S.A. – Paradiso (Switzerland) • subscription to share capital 100.00 100 74,211 CHF partial acquisition of activities in FGI – Fiat Group International S.A. 100,000 • by Fiat Switzerland S.A. 1,247,799 CHF 1,000,000 At 31.12.10 879,718 (1,127,562) 8,124,074 100.00 1,100 1,322,010 CHF Rimaco S.A. – Lausanne (Switzerland) merger of FGI – Fiat Group International S.A 1,100,000 (1,409,903) 10,158,342 • into Rimaco S.A. 100.00 32,197,079 CHF At 31.12.10 279,910 29,762,761 226,165,144 100.00 350 32,197,079 CHF Fiat Finance North America Inc. – Wilmington (USA) 350,000 37,215,356 282,796,896 At 31.12.09 131,951,971 1,690,769 142,480,500 39.47 150 57,023,858 USD 190,090,010 2,435,722 205,257,409 At 31.12.10 142,261,645 884,825 146,431,648 39.47 150 57,023,858 USD Fiat U.S.A. Inc. – New York (USA) 190,090,010 1,182,303 195,661,968 +60.53ind. At 31.12.09 11,682,632 (24,869) 23,843,010 100.00 1,000 27,257,726 USD 16,830,000 (35,827) 34,348,240 At 31.12.10 12,595,420 (25,650) 25,680,263 100.00 1,000 27,257,726 USD Isvor Fiat Società consortile di sviluppo e addestramento Industriale per Azioni – Turin 16,830,000 (34,273) 34,313,967 At 31.12.09 300,000 756,266 1,784,642 3.00 9,000 - At 31.12.10 Fiat-Revisione Interna S.c.r.l. – Turin 300,000 (342,692) 1,441,947 3.00 +97.00 ind. 9,000 - At 31.12.09 300,000 13,464 633,536 51.00 153,000 n.v. 186,980 At 31.12.10 Fiat Servizi per l’Industria S.c.p.A. - Turin 300,000 19,512 653,048 51.00 +49.00 ind. 153,000 n.v. 186,980 At 31.12.09 1,652,669 342,456 3,521,606 5.00 82,633 70,720 At 31.12.10 Orione S.c.p.A.-Società Industriale per la Sicurezza e la Vigilanza Consortile per Azioni – Turin 1,652,669 346,234 3,950,785 5.00 +95.00 ind. 82,633 70,720 At 31.12.09 120,000 130,713 556,825 18.00 21,603 21,107 At 31.12.10 18.00 21,603 21,107 SIRIO - Sicurezza Industriale Società consortile per Azioni – Turin 120,000 148,809 705,634 +80.90 ind. At 31.12.09 120,000 349,717 2,105,175 0.75 901 764 At 31.12.10 0.75 901 764 120,000 1,902,695 4,007,870 +93.16 ind. • Total subsidiaries 11,274,486,294 (*) Figures taken from the separate financial statements of the subsidiaries % owned by Fiat S.p.A. Any indirect interest in the ordinary share capital of subsidiaries is also indicated. Fiat S.p.A. – Statutory Financial Statements at 31 December 2010 313
List of equity investments with additional information required by Consob (Communication DEM/6064293 of 28 July 2006) • Subsidiaries to be Demerged Share Capita(*)l Result for the last financial year % owned by Fiat Book value Company and registered office (€) (*) (€) Equity(*) (€) S.p.A. Number of shares (€) Fiat Netherlands Holding N.V. - Amsterdam (The Netherlands) At 31.12.09 2,610,397,295 (117,636,617) 3,938,171,301 100.00 94,923,538 3,827,346,053 • capital contribution 750,000,000 At 31.12.10 Iveco S.p.A. – Turin (formerly Nuove Iniziative Finanziarie Cinque S.p.A.) 2,610,397,295 374,041,969 5,522,622,699 100.00 94,923,538 4,577,346,053 acquisition and capital increase 200,000,000 200,000,000 At 31.12.10 FPT Industrial S.p.A. – Turin (formerly Nuova Immobiliare Nove S.p.A) 200,000,000 (34,810,710) 165,197,064 100.00 200,000,000 200,000,000 acquisition and capital increase 100,000,000 100,000,000 At 31.12.10 Fiat Industrial Finance S.p.A. – Turin 100,000,000 (18,177,149) 81,831,951 100.00 100,000,000 100,000,000 subscription to share capital 100,000,000 100,000,000 At 31.12.10 100,000,000 62,305 100,062,305 100.00 100,000,000 100,000,000 Total Subsidiaries to be Demerged 4,977,346,053 (*) Figures taken from the separate financial statements of the subsidiaries • Associate companies Result for the % owned by Fiat Book value Company and registered office RCS Mediagroup S.p.A. – Milan Share Capital(*) (€) last financial year(*) (€) Equity(*) (€) S.p.A. Number of shares (€) At 31.12.09 762,019,050 79,343,926 1,265,643,760 10.09 76,907,627 131,785,440 At 31.12.10 (*) 762,019,050 (36,118,684) 1,231,214,144 10.09 76,907,627 131,785,440 • Total associate companies 131,785,440 (*) Figures taken from the 2008 and 2009 Separate Financial Statements • Other companies Company and registered office Assicurazioni Generali S.p.A. – Trieste % owned by Fiat S.p.A. Number of shares Book value (€) At 31.12.09 0.01 187,710 3,532,702 • fair value adjustment (865,343) At 31.12.10 Fin.Priv. S.r.l. – Milan 0.01 187,710 2,667,359 At 31.12.09 14.29 17,943,247 • fair value adjustment (3,603,838) At 31.12.10 Consorzio Lingotto – Turin 14.29 14,339,409 At 31.12.09 5.40 279 At 31.12.10 5.40 279 • Total other companies 17,007,047 Fiat S.p.A. – Statutory Financial Statements at 31 December 2010 314
- Page 1 and 2:
ANNUAL REPORT AT 31 DECEMBER 2010 T
- Page 3 and 4:
FIAT S.P.A. - STATUTORY FINANCIAL S
- Page 5 and 6:
2010 IN SUMMARY 2010 RESULTS (€ b
- Page 7 and 8:
AUTOMOBILES Fiat Practical, versati
- Page 9 and 10:
The range of tractors, balers and c
- Page 11 and 12:
FIAT & FIAT INDUSTRIAL WORLDWIDE Fr
- Page 13 and 14:
OPERATING RESPONSIBLY Fiat Group ha
- Page 15 and 16:
SELECT DATA BY REGION Fiat Group pr
- Page 17 and 18:
MAJOR SHAREHOLDERS At the date of t
- Page 19 and 20:
Ratings Services places Fiat SpA's
- Page 21 and 22:
UGL sign agreement for relaunch of
- Page 23 and 24:
MAIN RISKS AND UNCERTAINTIES TO WHI
- Page 25 and 26:
Risks associated with the high leve
- Page 27 and 28:
RESEARCH AND INNOVATION Promoting s
- Page 29 and 30:
the A22 operator, because it will m
- Page 31 and 32:
ELASIS Established in 1988, at the
- Page 33 and 34:
HUMAN RESOURCES At 31 December 2010
- Page 35 and 36:
implementation of the plan were ini
- Page 37 and 38:
2011, with a one-off gross payment
- Page 39 and 40:
Principal changes in the scope of c
- Page 41 and 42:
In Europe, Fiat Professional increa
- Page 43 and 44:
Trading profit/(loss) Fiat Group po
- Page 45 and 46:
the remaining 50% in Fiat-GM Powert
- Page 47 and 48:
Statement of Cash Flows Following i
- Page 49 and 50:
At 31 December 2010, consolidated n
- Page 51 and 52:
Operating Performance by Activity F
- Page 53 and 54:
Financial Services Net revenues for
- Page 55 and 56:
Assets and liabilities held for sal
- Page 57 and 58:
The above analysis of net debt by a
- Page 59 and 60:
Statement of Cash Flows for Fiat Gr
- Page 61 and 62:
CORPORATE GOVERNANCE FOREWORD The F
- Page 63 and 64:
ehalf of third parties, with the Co
- Page 65 and 66:
BOARD OF STATUTORY AUDITORS As requ
- Page 67 and 68:
€50,000,000 (€35,000,000 follow
- Page 69 and 70:
SUBSEQUENT EVENTS AND OUTLOOK SUBSE
- Page 71 and 72:
FIAT GROUP AUTOMOBILES Fiat, Abarth
- Page 73 and 74:
development of a supply network aro
- Page 75 and 76:
427,429 vehicles, representing a fi
- Page 77 and 78:
FERRARI Highlights OPERATING PERFOR
- Page 79 and 80:
Fiat Powertrain OPERATING PERFORMAN
- Page 81 and 82:
COMPONENTS Magneti Marelli OPERATIN
- Page 83 and 84:
competitive. Significant events inc
- Page 85 and 86:
PRODUCTION SYSTEMS Comau OPERATING
- Page 87 and 88:
AGRICULTURAL AND CONSTRUCTION EQUIP
- Page 89 and 90:
TRUCKS AND COMMERCIAL VEHICLES Ivec
- Page 91 and 92:
INNOVATION AND PRODUCTS Innovation
- Page 93 and 94:
FPT Industrial OPERATING PERFORMANC
- Page 95 and 96:
swaps. The €79 million increase o
- Page 97 and 98:
Non-current financial liabilities c
- Page 100 and 101:
FIAT GROUP CONSOLIDATED FINANCIAL S
- Page 102 and 103:
CONSOLIDATED STATEMENT OF COMPREHEN
- Page 104 and 105:
CONSOLIDATED STATEMENT OF FINANCIAL
- Page 106 and 107:
STATEMENT OF CHANGES IN CONSOLIDATE
- Page 108 and 109:
CONSOLIDATED STATEMENT OF FINANCIAL
- Page 110 and 111:
CONSOLIDATED STATEMENT OF CASH FLOW
- Page 112 and 113:
� As a result of the Demerger, on
- Page 114 and 115:
Associates Associates are enterpris
- Page 116 and 117:
conditions are met: that developmen
- Page 118 and 119:
In particular, Cash and cash equiva
- Page 120 and 121:
Assets and liabilities held for sal
- Page 122 and 123:
Research and development costs This
- Page 124 and 125:
Residual values of assets leased ou
- Page 126 and 127:
The above changes in accounting pri
- Page 128 and 129:
financial statement items, excludin
- Page 130 and 131:
SCOPE OF CONSOLIDATION The consolid
- Page 132 and 133:
eliminations of transactions and ba
- Page 134 and 135:
Assets and liabilities classified a
- Page 136 and 137:
Fiat Industrial - Historical combin
- Page 138 and 139:
COMPOSITION AND PRINCIPAL CHANGES 1
- Page 140 and 141:
A reconciliation to the income stat
- Page 142 and 143:
(€ million) 2010 2009 Theoretical
- Page 144 and 145:
Total at Year of expiry Unlimited/
- Page 146 and 147:
Ordinary shares Preference shares S
- Page 148 and 149:
In 2010 and in 2009 changes in accu
- Page 150 and 151:
Goodwill, trademarks and intangible
- Page 152 and 153:
subsequent cash flows into perpetui
- Page 154 and 155:
In 2010 and 2009, Changes in accumu
- Page 156 and 157:
The above mentioned changes include
- Page 158 and 159:
In 2009 Disposals and other changes
- Page 160 and 161:
have been prepared in accordance wi
- Page 162 and 163:
Operations for €57 million (€11
- Page 164 and 165:
(€ million) Allowance for receiva
- Page 166 and 167:
� the fair value of derivative fi
- Page 168 and 169:
(€ million) Currency risk Continu
- Page 170 and 171:
� further allocations to the lega
- Page 172 and 173:
In this respect capital means the v
- Page 174 and 175:
Other comprehensive income Other co
- Page 176 and 177:
At 31 December 2010 the features of
- Page 178 and 179:
On 18 February 2011, the Board of D
- Page 180 and 181:
vesting tied to the attainment of s
- Page 182 and 183:
Cash-settled share-based payments V
- Page 184 and 185:
In 2010 and in 2009 changes in Othe
- Page 186 and 187:
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 228 and 229:
SUBSIDIARIES CONSOLIDATED ON A LINE
- Page 230 and 231:
SUBSIDIARIES CONSOLIDATED ON A LINE
- Page 232 and 233:
SUBSIDIARIES CONSOLIDATED ON A LINE
- Page 234 and 235:
SUBSIDIARIES CONSOLIDATED ON A LINE
- Page 236 and 237:
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 244 and 245:
DISCONTINUED Name Registered Office
- Page 246 and 247:
SUBSIDIARIES CONSOLIDATED ON A LINE
- Page 248 and 249:
SUBSIDIARIES CONSOLIDATED ON A LINE
- Page 250 and 251:
SUBSIDIARIES CONSOLIDATED ON A LINE
- 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
- Page 294 and 295: A summary of the terms of the stock
- Page 296 and 297: 20. Provisions for employee benefit
- Page 298 and 299: The amounts recognized in the incom
- Page 300 and 301: 22. Other non-current liabilities A
- Page 302 and 303: 26. Other payables At 31 December 2
- Page 304 and 305: December 2009), activities to compl
- Page 306 and 307: 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
- Page 312 and 313: 31. Net financial position Pursuant
- Page 316 and 317: FEES PAID TO MEMBERS OF THE BOARD O
- Page 318 and 319: APPENDIX INFORMATION REQUIRED UNDER
- Page 320 and 321: 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