DOCSLIB.ORG

Annual Report 2005

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2005 Annual report 2005 Società per Azioni Capital stock - € 163,251,460 fully paid-in Registered office in Turin - Corso Matteotti, 26 – Turin Company Register No. 00470400011 TABLE OF CONTENTS DIRECTORS’ REPORT ON OPERATIONS 1 Board of Directors, General Manager, Board of Statutory Auditors and Independent Auditors 2 Chairman’s letter 4 IFI Group profile 10 Major events in 2005 10 IFI Group - Review of the condensed consolidated results 14 IFI Group - Review of the results of the consolidated financial statements 15 IFI S.p.A. - Review of the results of the statutory financial statements 18 Transition to International Financial Reporting Standards (IFRS) by IFI S.p.A. 21 Related party disclosures 23 Stock option plans 23 Other information 24 Equity investments held by directors, statutory auditors and general manager 25 Significant events subsequent to the end of the year 25 Business outlook 26 Review of the operating performance of the holdings IFIL and Exor Group 32 Motion for the approval of the financial statements and the appropriation of net income for the year IFI S.p.A. - STATUTORY FINANCIAL STATEMENTS AT DECEMBER 31, 2005 34 Balance sheet 36 Income statement 37 Notes to the financial statements 53 Annexes IFI GROUP - CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2005 66 Consolidated balance sheet 67 Consolidated income statement 68 Statement of changes in consolidated equity 69 Consolidated statement of cash flows 70 Notes to the consolidated financial statements 131 Appendix – Transition to International Financial Reporting Standards (IFRS) 142 REPORTS OF THE BOARD OF STATUTORY AUDITORS 146 REPORTS OF THE INDEPENDENT AUDITORS 149 LIST OF IFI GROUP COMPANIES AND SIGNIFICANT INVESTMENTS AT DECEMBER 31, 2005 This is an English translation of the Italian original document “Relazioni e Bilanci 2005” approved by the IFI Board of Directors on March 31, 2006, which has been prepared solely for the convenience of the reader. The version in Italian takes precedence: for complete information about IFI S.p.A. and the Group, reference should be made to the full original report in Italian “Relazioni e Bilanci 2005” containing the Directors’ Report on Operations and the Statutory financial statements and Consolidated financial statements also available on the corporate website: http://www.gruppoifi.com. Board of Directors Chairman Gianluigi Gabetti Vice Chairman Pio Teodorani-Fabbri Directors Annibale Avogadro di Collobiano John Elkann Luca Ferrero Ventimiglia Gabriele Galateri di Genola Franzo Grande Stevens Andrea Nasi Lupo Rattazzi Secretary to the Board of Directors Pierluigi Bernasconi General Manager Virgilio Marrone Board of Statutory Auditors Chairman Cesare Ferrero Standing auditors Giorgio Giorgi Lionello Jona Celesia Alternate auditors Giorgio Ferrino Paolo Piccatti Independent Auditors Deloitte & Touche S.p.A. Expiry of term of office The three-year term of office of the Board of Directors and the Board of Statutory Auditors, elected by the Stockholders’ Meeting held on May 29, 2003, will expire concurrently with the Stockholders’ Meeting called for the approval of the financial statements for the year ending December 31, 2005, as will the appointment of the independent auditors. Corporate Governance The Chairman, according to the bylaws (art. 21), may represent the Company, also before a court of law, and has signature powers. Specific operating powers have been conferred to the Vice Chairman and the General Manager. 1 REPORT ON OPERATIONS CHAIRMAN’S LETTER To our Stockholders, In 2005, the expansion phase of the global economy moved forward, driven, in particular, by growth in the United States and China. According to the International Monetary Fund (IMF), this year, the world economy grew by approximately 4.3%, still quite a high pace, but lower than that achieved in 2004 (+5.1%). The persisting, fairly favorable financial conditions limited the negative repercussions originating from the rise in the cost of oil. However, there were again very different trends of growth in the various main industrial areas: in the face of considerable expansion in the United States, activity in the Eurozone was weak, and there was a net deceleration in the United Kingdom; only in Japan was the recovery more rapid than expected, while China maintained its high growth rates. Compared to 2004, GDP in the United States was 3.5%, less than the prior year (+4.2%) but, in any case, much higher than the figures reported in many countries in the Eurozone. The expansion of employment and the growth of consumption were the driving force behind the American economy until the end of summer 2005, only to contract suddenly due to the natural disasters, which affected part of the country. But it is precisely the reconstruction work in the areas hit by the disaster, partly financed by the national debt, which should provide the boost that will accelerate growth in 2006. However, the increase in the prices of energy led to a significant rise in consumer prices. High inflation (+4.3% in October 2005) drove the Federal Reserve to intervene, increasing the cost of money (4.5%). The current deficit in the balance of payments in 2005 exceeded 6% of domestic product, largely due to the high price of oil and the increase of imports from China. It is precisely the trade deficit and its “twin problem” – the national deficit – which continue to constitute a serious source of concern for the American economy: the dual deficit, already referred to in the Letter to IFI Stockholders of last year, has for a long time been creating a serious imbalance which, although easily financed by the American economic system, is causing alarm for the international scenario in relation to the potential effects on American interest rates and on the U.S. dollar. In recent months, the U.S. dollar has increased in value against other strong currencies (the euro and the yen) partly as a result of higher interest rates, which generated a considerable flow of private capital from abroad. In Europe, year-to-year growth was 1.3%, higher than in 2004. Countries which reported considerable growth include France (+1.4%), Spain (+3.4%) and the United Kingdom (+1.8%), while Germany (+0.9%) and Italy (+0.0%) showed only modest or zero growth. One source of concern for the ECB is the increase in consumer prices, forced up by the price of energy; in fact, in 2005, inflation settled at an average of 2.3%. The new estimated forecast for 2006 is an inflation rate for the Eurozone of between 1.5% and 2.1% and for 2007 between 1.6% and 2.8%. For this reason, the ECB has not ruled out that it might have to intervene again with a new increase in the cost of money (already raised from 2.25% to 2.50% in the last few months) in order to avoid an increase in prices that might slow down the much awaited economic recovery. As far as Italy is concerned, recent figures published by ISTAT show that, in 2005, the value of GDP at market prices was equal to € 1,417,241 million, with an increase of 2% compared to 2004. The growth of GDP, valued at constant prices, on the other hand, was equal to zero, marking a net deceleration compared to the dynamics of the prior year (+1.1%). The balance of trade (the balance between exports and imports of goods and services) at current values shows a negative figure in 2005, for the first time since 2000, due largely to the rise in prices of energy products. Despite this, growth prospects for our country over the next few years appear to be in line with the economic scenario in the Eurozone. According to estimates by the IMF, Italy should report a growth in GDP in the order of 1.5% both in 2006 and 2007. In this context, the first indications from ISTAT with regard to industrial production seem positive (+4.1% on an annual basis in January 2006), driven, in particular, by the strong growth of automotive production (+19.7% on an annual basis). During 2005, the situation of the national debt deteriorated further. The net debt of the Public Administrations as a ratio of GDP was 4.1% compared to 3.4% in 2004. It increased in absolute value by € 10,265 million, rising to € 57,917 million. The deterioration in the dynamics of public expenditures requires immediate action to restore balance, so as not to jeopardize the prospects of higher growth forecast for 2006. With regard to the dynamics of consumer prices, the price index in Italy was impacted less by the increase in the price of energy than other countries in the Eurozone. According to figures from ISTAT, inflation in Italy in 2005 settled at an average of 2.2%. 2 REPORT ON OPERATIONS Overall, despite some positive signs, the performance of the Italian economy in 2005 was stagnant. For some time it has been obvious that what is limiting Italy’s growth potential are not only cyclical factors, but a series of serious structural problems, which it becomes ever more urgent to solve, rapidly and with determination. Competitiveness must become the priority objective for our country’s policies: only by creating the broadest and most effective conditions for competition, understood as a stimulus capable of driving companies towards a more efficient use of resources, will it be possible to augment the competitiveness of our economic and production system on global markets. To this end, it is necessary to pursue the objectives already laid down in last year’s Letter: to create the conditions that will make it possible to significantly reduce the cost of energy, which, today, weighs more heavily on the companies of our country than in other European nations through investments geared to diversifying the sources and raising competition in accessing the networks; to sustain training, innovation and research, which is a strategic driver for the country’s growth, with the introduction of tax credits on research expenditures; to support innovative start-ups and to relaunch public investments in this sector; to open up regulated markets, the professions and local public services more to competition, by reducing the weight of public influence; to promote greater efficiency in the Public Administration by introducing a greater simplification of procedures, strictness with regard to public expenditures and balance in taxation.
Load more

Recommended publications
  • Magirus Interschutz Innovation 2015
    MAGIRUS INTERSCHUTZ INNOVATION 2015 1 MAGIRUS PHILOSOPHY 1 LIFE MAKES THE DIFFERENCE. Firefi ghters are following their calling. Our mission is to develop and build the best fi re-fi ghting equipment in the world. Every day fi re-fi ghters and disaster responders all over the world We are absolutely convinced that the best fi re-fi ghting equipment do their best to save lives, defy the forces of nature and save is built by fi re-fi ghters themselves. They know exactly how their people in diffi cult situations. This requires them to constantly comrades think, what they need in an emergency, what makes overcome their own limitations and become the real heroes of their job easier and how to make sure they are as safe as possible. our time. These people not only have a career, they’re living out a calling. Our mission is to give them ideal support for facing This is the reason why many of our staff are themselves in all their challenges and provide them with the best equipment fi re- fi ghting and disaster response teams and stay in close possible. contact with their customers, who are at the same time their comrades. This lets us continuously create trend-setting innova- “There are no second That’s why we do everything we can to produces the most tions adopted for use by fi re brigades all around the world. innovative and reliable turntable ladders, fi re-fi ghting vehicles, rescue vehicles, logistics vehicles, special vehicles, airport fi re-fi ghting vehicles and components.
    [Show full text]
  • Fahrzeugstatistik
    Fahrzeugstatistik Bestand 30. Juni 2015 Herausgeber und Vertrieb Amt für Statistik Äulestrasse 51 9490 Vaduz Liechtenstein T +423 236 68 76 F +423 236 69 36 www.as.llv.li Auskunft Christian Brunhart T +423 236 68 82 Brigitte Schwarz T +423 236 68 94 [email protected] Bearbeitung Brigitte Schwarz Gestaltung Karin Knöller Thema 6 Verkehr Erscheinungsweise Jährlich Copyright Wiedergabe unter Angabe des Herausgebers gestattet. © Amt für Statistik Fahrzeugstatistik - Bestand 30. Juni 2015 Inhaltsübersicht Tabellenverzeichnis 4 A Einführung in die Ergebnisse 1 Vorwort 7 2 Hauptergebnisse 8 3 Analyse des Fahrzeugbestands 9 3.1 Fahrzeuge insgesamt 9 3.2 Personenwagen (FAZG 1) 10 3.3 Personentransportfahrzeuge (FAZG 2) 13 3.4 Sachentransportfahrzeuge (FAZG 3) 13 3.5 Landwirtschaftliche Fahrzeuge (FAZG 4) 14 3.6 Gewerbliche Fahrzeuge (FAZG 5) 14 3.7 Motorräder (FAZG 6) 14 3.8 Anhänger (FAZG 7) 15 3.9 Nutzlastkapazität der Sachentransportfahrzeuge und Anhänger 15 4 Ländervergleich 16 B Tabellenteil 1 Fahrzeugbestand 17 2 Bestand nach Fahrzeuggruppen 19 2.1 Personenwagen 19 2.2 Personentransportfahrzeuge 41 2.3 Sachentransportfahrzeuge 51 2.4 Landwirtschaftliche Fahrzeug 59 2.5 Gewerbliche Fahrzeug 65 2.6 Motorräder 83 2.7 Anhänger 89 3 Zeitreihen 103 C Methodik und Qualität 1 Methodik 129 2 Qualität 132 D Glossar 1 Abkürzungen und Zeichenerklärungen 134 2 Begriffserklärungen 135 3 Klassifikationen 137 Statistik Liechtenstein 3 Fahrzeugstatistik - Bestand 30. Juni 2015 Tabellenverzeichnis 1 Fahrzeugbestand Fahrzeugbestand nach Fahrzeugarten seit 2012
    [Show full text]
  • Del Prado World Fire Engines + Special Fire Engines Sorted by Italian, Then German, Then Japanese Numbering
    Die-Cast Fire Models Del Prado World Fire Engines + Special Fire Engines Sorted by Italian, then German, then Japanese Numbering it de jp fr es uk us nl Country Scale Description / Notes Era Type Picture 1939 Bedford Hose 1 1 1 1 1 1 1 UK 43 Vintage 1 Tender Based on Matchbox Collectibles mold? 2002 Iveco Euro Fire 72 Actual?: 2002 Iveco / Lohr-Magirus 2 20 27 24 20 18 Italy Modern Pumper 2 61.5 RLF 1000 actual RLF = Rüstlöschfahrzeug? 87 Morita MAF-125A 3 4 2 11 23 Japan Modern Airport 3 90.5 No moving parts actual 1912 Christie Front Drive Steamer 4 3 3 3 5 2 2 USA 43 Actual: 1912 Christie Antique Steamer 4 Based on Road Champs mold? it de jp fr es uk us nl Country Scale Description / Notes Era Type Picture 1939 Leyland FK7 5 7 5 15 7 8 UK 43 Vintage Pumper 5 Based on Matchbox Collectibles mold? 2002 Morita FFA-001 Pumper / 6 15 4 18 14 8 7 Japan 50 Modern 6 Ambulance FFA = Firefighting Ambulance 1907 Seagrave AC53 7 5 6 13 4 USA 43 Antique Pumper 7 Based on Matchbox Collectibles mold? 1924 Ahrens Fox 8 6 7 14 6 12 1 12 USA 43 Antique Pumper 8 Based on larger Franklin Mint version? 1985 Morita MLEX5-30 Actual: 1985 Nissan / Morita MLEX5- 9 22 8 38 15 Japan 64 30 Modern Ladder 9 Ladder raises, rotates, and extends. Basket is removable it de jp fr es uk us nl Country Scale Description / Notes Era Type Picture 1996 Morita Robot Robo Fighter 330 10 33 9 35 32 15 Japan 43 Modern Robot 10 Turret rotates.
    [Show full text]
  • Gruppo Fiat Bilancio Consolidato 1997 Il Gruppo Fiat Nel 1997 Ha Conseguito Risultati Particolarmente Positivi, Che Testimoniano
    Gruppo Fiat Bilancio Consolidato 1997 Il Gruppo Fiat nel 1997 ha conseguito risultati particolarmente positivi, che testimoniano la validità degli orientamenti strategici perseguiti dall'Azienda e imperniati sul/o sviluppo internazionale delle attività, sulla continua innovazione dei prodotti dei servizi e suda creazione di valore come criterio di ogni decisione operativa. Gruppo Fiat Indice Bilancio Consolidato 1997 1 Consiglio di Amministrazione Collegio Sindacale e Società di Revisione 3 Principali dati economici e finanziari del Gruppo Fiat 4 Indirizzo del Presidente 6 Relazione sulla gestione 14 Il Gruppo Fiat 16 Dati economici e patrimoniali per Settore di attività 17 Il Gruppo Fiat nel Mondo 18 Automobili 24 Veicoli Industriali 28 Macchine per l'Agricoltura e le Costruzioni 32 Prodotti Metallurgici 34 Componenti 36 Mezzi e Sistemi di Produzione 38 Aviazione 40 Prodotti e Sistemi Ferroviari 42 Chimica - Fibre - Bioingegneria 44 Editoria e Comunicazione 46 Assicurazioni 48 Ferrari e Maserati 49 Altre società 50 Risorse Umane - Relazioni Industriali 52 Ricerca e Sviluppo 53 Ambiente 54 Fatti di rilievo intervenuti dopo la chiusura dell'esercizio ed evoluzione prevedibile della gestione ' 57 Analisi della situazione finanziaria patrimoniale e dei risultati reddituali della Fiat S.p.A. Fiat S.p.A. 59 Gruppo Fiat - Bilancio consolidato al 31 dicembre 1997 Sede legale in Torino, Corso Marconi, 10 61 Anàlisi della situazione economico-finanziaria del Gruppo Fiat Capitale Sociale versato 67 Stato patrimoniale L. 5.506.050.000.000 69 Conto
    [Show full text]
  • Fiat Industrial Finance Europe SA
    BASE PROSPECTUS Fiat Industrial Finance Europe S.A. (Incorporated with limited liability under the laws of the Grand-Duchy of Luxembourg; Registre de Commerce et des Sociétés de Luxembourg No. 155849) Fiat Industrial Finance North America, Inc. (Incorporated under the laws of the State of Delaware) €10,000,000,000 Global Medium Term Note Programme unconditionally and irrevocably guaranteed by Fiat Industrial S.p.A. (incorporated as a Società per Azioni under the laws of the Republic of Italy) Under the €10,000,000,000 Global Medium Term Note Programme (the “Programme”) described in this base prospectus (the “Base Prospectus”), Fiat Industrial Finance Europe S.A. (“FIFE”) and Fiat Industrial Finance North America, Inc. (“FIFNA”) (each an “Issuer” and together, the “Issuers”) may from time to time issue notes (the “Notes”) denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below). The payments of all amounts due in respect of Notes will be unconditionally and irrevocably guaranteed by Fiat Industrial S.p.A. (the “Company,” “Fiat Industrial” or the “Guarantor”). An investment in Notes issued under the Programme involves certain risks. For a discussion of these risks see “Risk Factors” herein. The Base Prospectus has been approved by the Central Bank of Ireland (the “Central Bank”) as competent authority under Prospectus Directive 2003/71/EC (the “Prospectus Directive”). The Central Bank only approves this Base Prospectus as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive. Such approval relates only to the Notes which are to be admitted to trading on the regulated market of the Irish Stock Exchange or other regulated markets for the purposes of Directive 2004/39/EC or which are to be offered to the public in any member state of the European Economic Area.
    [Show full text]
  • Bankitalia Pessimista
    PROGETTIAMO SERVIZI Giotralc-t- PER CITTÀ CHE VIVONO «Stona dell'Oggi» Anno68°,n 111 Spedizione in abbonamento poitale gr 1/70 L 1500/an-elratiL3000 COOPLAT Sabato PIRINZS 1 giugno 1991 ritoltGiornale fondato da Antoniao Gramsc i Editoriale Nella relazione annuale di Ciampi un quadro fosco della situazione economica del Paese L'inflazione continua a salire: 6,8% nel mese di maggio. «Sono necessarie scelte difficili» Fimi!» di pace Ieri a Lisbona il presidente È tempo di cambiare dell Angola dos Santos e il er l'Angola suo eterno nemico il leader del movimento ribelle dal- festiitioni I Unita Jonas Savnmbi han­ spalla al fucile Usa e Urss no firmato il trattato di pace interna che consentirà al- I Angola di avviarsi linai- ALFREDO REICHUN Bankitalia pessimista mene a una vera indipen­ denza dopo 16 anni di guerra civile Per tenere a battesimo I accordo e erano anche Baker e Bessmertnykh L Onu sor- e considerazioni del governatore della Banca veglierà 'e prossime elezioni per il primo regime mulupartrti- d Italia sono tutte percorse dalla p-coccupazic • coaLuaida A PAGINA 13 ne per il (atto (latto, non più rschlo ipotetico) che I economia italiana sta perdendo competi- «È stretta la porta per l'Europa» ^^L^ tività. Di questo si tratta, non Iella stupida d • De Lorenzo Il ministro De Lorenzo, n- sputa se siamo al quinto o al :«sto posto dell i spoidcndo alla Camera alle classifica mondiale L'Industria italmna e una cosa sena ma L'Italia non può più perdere tempo: l'unificazione annuncia interpellanze del Pds e di al- perde competitivita per la ragione che i suoi sovraccosi I tn partiti ha annunciato mo­ (inellicienza del sistema, peso del debito pubblico, il Mez­ europea si avvicina ma non siamo ancora pronti.
    [Show full text]
  • Fahrzeugstatistik Bestand 30. Juni 2017
    Fahrzeugstatistik Bestand 30. Juni 2017 Herausgeber und Vertrieb Amt für Statistik Äulestrasse 51 9490 Vaduz Liechtenstein T +423 236 68 76 F +423 236 69 36 www.as.llv.li Auskunft Christian Brunhart T +423 236 68 82 Brigitte Schwarz T +423 236 68 94 [email protected] Bearbeitung Brigitte Schwarz Gestaltung Karin Knöller Thema 6 Verkehr Erscheinungsweise Jährlich Copyright Wiedergabe unter Angabe des Herausgebers gestattet. © Amt für Statistik Fahrzeugstatistik - Bestand 30. Juni 2017 Inhaltsübersicht Tabellenverzeichnis 4 A Einführung in die Ergebnisse 1 Vorwort 7 2 Hauptergebnisse 8 3 Analyse des Fahrzeugbestands 9 3.1 Fahrzeuge insgesamt 9 3.2 Personenwagen (FAZG 1) 10 3.3 Personentransportfahrzeuge (FAZG 2) 13 3.4 Sachentransportfahrzeuge (FAZG 3) 13 3.5 Landwirtschaftliche Fahrzeuge (FAZG 4) 14 3.6 Gewerbliche Fahrzeuge (FAZG 5) 14 3.7 Motorräder (FAZG 6) 14 3.8 Anhänger (FAZG 7) 15 3.9 Nutzlastkapazität der Sachentransportfahrzeuge und Anhänger 15 4 Ländervergleich 16 B Tabellenteil 1 Fahrzeugbestand 17 2 Bestand nach Fahrzeuggruppen 19 2.1 Personenwagen 19 2.2 Personentransportfahrzeuge 41 2.3 Sachentransportfahrzeuge 51 2.4 Landwirtschaftliche Fahrzeug 59 2.5 Gewerbliche Fahrzeug 65 2.6 Motorräder 83 2.7 Anhänger 91 3 Zeitreihen 105 C Methodik und Qualität 1 Methodik 131 2 Qualität 134 D Glossar 1 Abkürzungen und Zeichenerklärungen 136 2 Begriffserklärungen 137 3 Klassifikationen 139 Statistik Liechtenstein 3 Fahrzeugstatistik - Bestand 30. Juni 2017 Tabellenverzeichnis 1 Fahrzeugbestand Fahrzeugbestand nach Fahrzeugarten seit 2014
    [Show full text]
  • Cnh Industrial - Annual Report at December 31, 2014 2014 at December31, 2014 Report Annual
    ANNUAL 2014 REPORT AT DECEMBER 31, 2014 AT DECEMBER 31, 2014 DECEMBER 31, AT ANNUAL REPORT ANNUAL CNH INDUSTRIAL - IN ITS FIRST FULL YEAR OF OPERATION, CNH INDUSTRIAL HAS ACHIEVED A NUMBER OF GLOBAL OBJECTIVES BOTH AT CORPORATE AS WELL AS THROUGH ITS BRANDS. THE GROUP ENACTED IMPORTANT CHANGES WITHIN ITS BUSINESSES, EXPANDED ITS PRESENCE TO NEW GEOGRAPHIC AREAS AND CONFIRMED ITS STANDING AS A GLOBAL LEADER IN CAPITAL GOODS. SERGIO MARCHIONNE CHAIRMAN 2 ANNUAL GENERAL MEETING Shareholders are notified that the Annual General Meeting of Shareholders (the “AGM”) of CNH Industrial N.V. (the “Company”) is convened at 12:00 p.m. CET on Wednesday April 15, 2015, at the Hotel Sofitel Legend The Grand Amsterdam, Oudezijds Voorburgwal 197, 1012 EX, in Amsterdam, The Netherlands. The language of the meeting shall be English. The AGM is convened to discuss and decide on the following: Agenda 1. Opening 2. Annual Report 2014 a. Application of the remuneration policy in 2014 (discussion only item) b. Policy on additions to reserves and on dividends (discussion only item) c. Adoption of the 2014 Annual Financial Statements (voting item) d. Determination and distribution of dividend (voting item) e. Release from liability of the executive directors and the non-executive directors of the Board (voting item) 3. Re-appointment of the executive directors and the non-executive directors a. Re-appointment of Sergio Marchionne (voting item) b. Re-appointment of Richard J. Tobin (voting item) c. Re-appointment of John P. Elkann (voting item) d. Re-appointment of Mina Gerowin (voting item) e. Re-appointment of Maria Patrizia Grieco (voting item) f.
    [Show full text]
  • Fiat Industrial S.P.A. (Incorporated As a Società Per Azioni Under the Laws of the Republic of Italy)
    Level: 3 – From: 3 – Monday, March 26, 2012 – 19:58 – leonardgreenham – 4407 Intro BASE PROSPECTUS Fiat Industrial Finance Europe S.A. (Incorporated with limited liability under the laws of the Grand-Duchy of Luxembourg; Registre de Commerce et des Sociétés de Luxembourg No. 155849) Fiat Industrial Finance North America, Inc. (Incorporated under the laws of the State of Delaware) €10,000,000,000 Global Medium Term Note Programme unconditionally and irrevocably guaranteed by Fiat Industrial S.p.A. (Incorporated as a Società per Azioni under the laws of the Republic of Italy) Under the €10,000,000,000 Global Medium Term Note Programme (the “Programme”) described in this base prospectus (the “Base Prospectus”), Fiat Industrial Finance Europe S.A. (“FIFE”) and Fiat Industrial Finance North America, Inc. (“FIFNA”) (each an “Issuer” and together, the “Issuers”) may from time to time issue notes (the “Notes”) denominated in any currency agreed between the relevant Issuer and the relevant Dealer (as defined below). The payments of all amounts due in respect of Notes will be unconditionally and irrevocably guaranteed by Fiat Industrial S.p.A. (the “Company,” “Fiat Industrial” or the “Guarantor”). An investment in Notes issued under the Programme involves certain risks. For a discussion of these risks, see “Risk Factors” herein. The Base Prospectus has been approved by the Central Bank of Ireland (the “Central Bank”) as competent authority under Prospectus Directive 2003/71/EC (the “Prospectus Directive”). The Central Bank only approves this Base Prospectus as meeting the requirements imposed under Irish and EU law pursuant to the Prospectus Directive.
    [Show full text]
  • BRAND WEB 001 ALL 02 EN This Privacy Notice Explains How Personal Data (“Data”) of Employees, Representatives and Collabora
    BRAND_WEB _001_ALL_02 EN This Privacy Notice explains how personal data (“Data”) of employees, representatives and collaborators of our Dealers (“Data Subjects”) is handled by Controllers of CNH Industrial Group (“we”, “us”, “our”, or the “Company”) in compliance with applicable laws and regulations. We are committed to protecting and respecting Data Subject’s privacy. 1. HOW WE OBTAIN DATA Data that may be collected, processed and stored are the following: a. Identification and Contact Data b. Professional Data c. Computer Device and Authentication Data The above list also includes Financial Account Data of Sole Traders in those countries where such data is considered as Personal Data. Ordinarily, Data will be provided to us by the Data Subject Employer, but in some cases, we may collect Data directly from the Data Subject, from a third party or from public records. We protect Data obtained from such third parties according to the practices described in this privacy notice. 2. HOW WE USE DATA Data collected may be processed by us for the following purposes: i. to fulfil our legitimate interests of allowing the execution of the activities related to agreements between us and our Dealer and of establishing, maintaining and improving our business relationship with our Dealer; ii. to fulfil our legitimate interests of allowing the Company to perform surveys on satisfaction related to the quality of goods, services and, in general, on our business relations with our Dealer; iii. to fulfil our legitimate interest of managing access to and security of our tools, systems, assets and data. Data may be processed electronically within IT systems, and manually, in paper form.
    [Show full text]
  • Fahrzeugstatistik Bestand 30. Juni 2016
    Fahrzeugstatistik Bestand 30. Juni 2016 Herausgeber und Vertrieb Amt für Statistik Äulestrasse 51 9490 Vaduz Liechtenstein T +423 236 68 76 F +423 236 69 36 www.as.llv.li Auskunft Christian Brunhart T +423 236 68 82 Brigitte Schwarz T +423 236 68 94 [email protected] Bearbeitung Brigitte Schwarz Gestaltung Karin Knöller Thema 6 Verkehr Erscheinungsweise Jährlich Copyright Wiedergabe unter Angabe des Herausgebers gestattet. © Amt für Statistik Fahrzeugstatistik - Bestand 30. Juni 2016 Inhaltsübersicht Tabellenverzeichnis 4 A Einführung in die Ergebnisse 1 Vorwort 7 2 Hauptergebnisse 8 3 Analyse des Fahrzeugbestands 9 3.1 Fahrzeuge insgesamt 9 3.2 Personenwagen (FAZG 1) 10 3.3 Personentransportfahrzeuge (FAZG 2) 13 3.4 Sachentransportfahrzeuge (FAZG 3) 13 3.5 Landwirtschaftliche Fahrzeuge (FAZG 4) 14 3.6 Gewerbliche Fahrzeuge (FAZG 5) 14 3.7 Motorräder (FAZG 6) 14 3.8 Anhänger (FAZG 7) 15 3.9 Nutzlastkapazität der Sachentransportfahrzeuge und Anhänger 15 4 Ländervergleich 16 B Tabellenteil 1 Fahrzeugbestand 17 2 Bestand nach Fahrzeuggruppen 19 2.1 Personenwagen 19 2.2 Personentransportfahrzeuge 41 2.3 Sachentransportfahrzeuge 51 2.4 Landwirtschaftliche Fahrzeug 59 2.5 Gewerbliche Fahrzeug 65 2.6 Motorräder 83 2.7 Anhänger 89 3 Zeitreihen 105 C Methodik und Qualität 1 Methodik 131 2 Qualität 134 D Glossar 1 Abkürzungen und Zeichenerklärungen 136 2 Begriffserklärungen 137 3 Klassifikationen 139 Statistik Liechtenstein 3 Fahrzeugstatistik - Bestand 30. Juni 2016 Tabellenverzeichnis 1 Fahrzeugbestand Fahrzeugbestand nach Fahrzeugarten seit 2013
    [Show full text]
  • Magirus Camiva : Cérémonie Officielle De Remise Des Clés Du 1000 Ème Véhicule Recetté Par L’UGAP : 1Er FPT Team Cab Vendu En France Destiné Au SDIS Du Loiret
    Magirus Camiva : Cérémonie officielle de remise des clés du 1000 ème véhicule recetté par l’UGAP : 1er FPT Team Cab vendu en France destiné au SDIS du Loiret Chambéry, le 16 juillet 2015 C’est au sein du nouveau pôle d’Excellence Magirus Camiva à Chambéry que le 1000ème véhicule recetté par l’UGAP, 1er FPT Team Cab a été remis officiellement au SDIS du Loiret (45). Présentation du véhicule type FPT Team Cab Ce Fourgon Pompe Tonne est pourvu de la nouvelle Team Cab développée et conçue par Magirus. Fabriquée avec des matériaux légers, elle se décline en plusieurs versions M, L et XL avec un design innovant. Cette cabine a toutes les préconisations demandées par les pompiers : sécurité, confort, ergonomie, elle est dotée des dernières technologies, elle a été pensée par les pompiers eux-mêmes. Sécurité · Protection des occupants conforme à la norme ECE-R29 / 02-03, l'espace de travail est assuré en cas de choc de face, de dessus, de dos ou latérale · Ceinture de sécurité à 3 points, sièges et points de fixation des ceintures testés par ECE R 14 · Eclairage à LED à l'entrée pour une meilleure visibilité et sécurité maximale Confort · Suspension de la cabine pour réduire l'effet des vibrations · Grande surface de fenêtre pour fournir une luminosité et une vue claire de l'extérieur · Boîte à gants: accès rapide pour ranger les effets personnels et recharger les appareils électriques grâce au port USB · Grand compartiment de stockage (jusqu'à 460L) Ergonomie · Plusieurs configurations de sièges possibles grâce aux rails placés au sol · Ouverture de la porte à 90 degrés · Poignées jaunes de forme ovale pour une meilleure prise en main · Marchepieds inclinables à actionnement pneumatique asservi à l’ouverture de porte Magirus Camiva à Chambéry Sur une surface de 12 200 m2 dont 4 465 m2 couverts, le nouveau site de Magirus Camiva est le nouveau pôle d’excellence de la marque en France.
    [Show full text]