Fiat says IFRS would have boosted net debt


MILAN, March 30 (Reuters) - Fiat's industrial net debt would have increased dramatically and its financial net debt would have doubled at the end of last year if it had used new IFRS accounting standards, it said on Wednesday. In a statement, Fiat said its industrial net debt would have come in at 9.4 billion euros instead of 5.3 billion, partly due to a different way of accounting for factoring transactions and securitisation of receivables. Financial debt would have doubled to 16 ...

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