Statement of changes in equity

(€ thousand) Share capital Share premium reserve Legal reserve Reserve available for the purchase of own shares Reserve for own shares Retained profit/ (loss) Gains/ (losses) recognized directly in equity Stock option reserve Other reserves (2) Own shares (1) Profit/ (loss) for the year Total equity
Balances at 31 December 2008 6,377,263 1,540,885 639,503 1,142,740 656,553 1,084,578 (631) 96,431 89,829 (656,553) 1,199,146 12,169,744
Allocation of prior year profit:                        
to the Legal reserve     59,957               (59,957) -
distribution of dividends to shareholders                     (24,773) (24,773)
balance to retained profit           1,114,416         (1,114,416) -
Valuation of stock option plans               (1,159)       (1,159)
Total comprehensive income for the period             3,071       339,964 343,035
Balances at 31 December 2009 6,377,263 1,540,885 699,460 1,142,740 656,553 2,198,994 2,440 95,272 89,829 (656,553) 339,964 12,486,847
Allocation of prior year profit:                        
to the Legal reserve     16,998               (16,998) -
distribution of dividends to shareholders                     (237,119) (237,119)
balance to retained profit           85,847         (85,847) -
Carryforward and adjustment to reserve for the purchase of own shares       (599,293)   599,293           -
Valuation of stock option plans               17,241       17,241
Total comprehensive income for the period             (4,468)       441,959 437,491
Balances at 31 December 2010 6,377,263 1,540,885 716,458 543,447 656,553 2,884,134 (2,028) 112,513 89,829 (656,553) 441,959 12,704,460
(1) At 31 December 2010, own shares consisted of 38,568,458 ordinary shares having a total nominal value of €192,842 thousand (unchanged over 31 December 2009 and 31 December 2008). (2) Other reserves includes the reserve pursuant to Law 413/1991, the extraordinary reserve and the reserve for Spin-off difference.

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