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CURRENT RECEIVABLES AND OTHER CURRENT ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
Subclassifications of assets, liabilities and equities [abstract] |
Disclosure of current receivables, other current assets and deposits in FCA Group cash management pools |
| At December 31,
| 2022 |  | 2021
| (€ thousand)
Trade receivables | 232,414 |  |  | 185,000 |
Receivables from financing activities | 1,399,997 |  |  | 1,143,968 |
Current tax receivables | 16,054 |  |  | 14,306 |
Other current assets | 153,183 |  |  | 122,224 |
Total | 1,801,648 |  |  | 1,465,498 |
Disclosure of trade receivables by nature | The following table sets forth a breakdown of trade receivables by nature:
| At December 31,
| 2022 |  | 2021
| (€ thousand)
Trade receivables due from: |  |  |
Dealers | 85,696 |  |  | 58,446 |
Sponsorship and commercial activities | 42,981 |  |  | 29,666 |
Brand activities | 24,213 |  |  | 23,902 |
Stellantis Group companies | 19,184 |  |  | 23,737 |
Other | 60,340 |  |  | 49,249 |
Total | 232,414 |  |  | 185,000 |
Disclosure of trade receivables by currency | The following table sets forth a breakdown of trade receivables by currency:
| At December 31,
| 2022 |  | 2021
| (€ thousand)
Trade receivables denominated in: |  |  |
Euro | 95,894 |  |  | 78,286 |
U.S. Dollar | 108,369 |  |  | 84,590 |
Pound Sterling | 8,178 |  |  | 3,908 |
Chinese Yuan | 3,203 |  |  | 2,478 |
Japanese Yen | 6,832 |  |  | 11,348 |
Other currencies | 9,938 |  |  | 4,390 |
Total | 232,414 |  |  | 185,000 |
Disclosure of changes in allowance for doubtful accounts | Changes in the allowance for doubtful accounts of trade receivables during the year were as follows:
| 2022 |  | 2021
| (€ thousand)
At January 1, | 25,984 |  |  | 28,312 |
Additional provisions | 3,844 |  |  | 2,094 |
Utilizations | (1,579) |  |  | (1,835) |
Releases | (2,522) |  |  | (2,741) |
Other changes | 73 |  |  | 154 |
At December 31, | 25,800 |  |  | 25,984 |
Disclosure of receivables from financing activities | Receivables from financing activities are as follows:
| At December 31,
| 2022 |  | 2021
| (€ thousand)
Client financing | 1,390,956 |  |  | 1,132,979 |
Dealer financing | 9,041 |  |  | 10,989 |
Total receivables from financing activities | 1,399,997 |  |  | 1,143,968 |
Disclosure of changes in allowance for doubtful accounts from financing activities | Changes in the allowance for doubtful accounts of receivables from financing activities during the year are as follows:
| 2022 |  | 2021
| (€ thousand)
At January 1, | 11,204 |  |  | 13,195 |
Additional provisions | 3,064 |  |  | 2,737 |
Utilizations | (2,587) |  |  | (4,507) |
Releases | (2,470) |  |  | (1,270) |
Other changes | 739 |  |  | 1,049 |
At December 31, | 9,950 |  |  | 11,204 |
Disclosure of other current assets | Other current assets are detailed as follows:
| At December 31,
| 2022 |  | 2021
| (€ thousand)
Italian and foreign VAT credits | 79,858 |  |  | 61,278 |
Prepayments | 42,908 |  |  | 36,084 |
Other | 30,417 |  |  | 24,862 |
Total other current assets | 153,183 |  |  | 122,224 |
Disclosure of current receivables and other current assets by due date | The analysis of receivables and other current assets by due date (excluding prepayments) is as follows:
| At December 31, 2022
| Due within one year |  | Due between one and five years |  | Due beyond five years |  | Overdue |  | Total
| (€ thousand)
Trade receivables | 186,757 |  |  | — |  |  | — |  |  | 45,657 |  |  | 232,414 |
Receivables from financing activities | 208,407 |  |  | 1,060,819 |  |  | 67,992 |  |  | 62,779 |  |  | 1,399,997 |
Client financing | 207,186 |  |  | 1,052,999 |  |  | 67,992 |  |  | 62,779 |  |  | 1,390,956 |
Dealer financing | 1,221 |  |  | 7,821 |  |  | — |  |  | — |  |  | 9,041 |
Current tax receivables | 16,054 |  |  | — |  |  | — |  |  | — |  |  | 16,054 |
Other current assets (excluding prepayments) | 110,276 |  |  | — |  |  | — |  |  | — |  |  | 110,276 |
Total | 521,494 |  |  | 1,060,819 |  |  | 67,992 |  |  | 108,436 |  |  | 1,758,741 |
| At December 31, 2021
| Due within one year |  | Due between one and five years |  | Due beyond five years |  | Overdue |  | Total
| (€ thousand)
Trade receivables | 137,694 |  |  | 70 |  |  | — |  |  | 47,237 |  |  | 185,000 |
Receivables from financing activities | 197,207 |  |  | 820,363 |  |  | 73,665 |  |  | 52,733 |  |  | 1,143,968 |
Client financing | 196,018 |  |  | 810,563 |  |  | 73,665 |  |  | 52,733 |  |  | 1,132,979 |
Dealer financing | 1,189 |  |  | 9,800 |  |  | — |  |  | — |  |  | 10,989 |
Current tax receivables | 14,306 |  |  | — |  |  | — |  |  | — |  |  | 14,306 |
Other current assets (excluding prepayments) | 84,417 |  |  | 998 |  |  | 155 |  |  | 570 |  |  | 86,140 |
Total | 433,624 |  |  | 821,431 |  |  | 73,820 |  |  | 100,540 |  |  | 1,429,414 |

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