Chrysler 2005 Annual Report Download - page 141

140 Fiat Group Consolidated Financial Statements at D ecember 31, 2005 - N otes to the Consolidated Financial Statements
02 Fiat Group
The Services Sector (Business Solutions) provides accounting and human resources services, almost all of which are supplied to other Group
companies.
The activities of the Publishing and Communications Sector (Itedi) mainly include publishing the newspaper La Stampa and selling advertising
space in the print, television and internet media.
Total N et revenues presented includes transactions with other Sectors carried out at arm’s length prices.
Intersegment revenues and expenses are reconciled and are eliminated in the consolidated financial statements of the Group;intersegment
receivables and payables are eliminated in a similar manner.
Segment Capital expenditure, Depreciation and amortisation, and Impairment concern intangible assets and property, plant and equipment.
O ther Sector non-cash items comprise the provision for risks and charges
The “Segment Result” arising under IAS 14 is equal to the O perating result.The O perating result and Trading profit include, respectively, Interest
income and other financial income and Interest expenses and other financial expenses of financial services companies in N et revenues and
Cost of Sales of the Sector.
Sector Assets are operating assets used by the Sector in its business and are directly attributed or allocated, in a reasonable manner, to the
Sector.These assets do not include tax assets and investments accounted for using the equity method.
Sector Liabilities are operating liabilities used by the Sector in its business and are directly attributed or allocated, in a reasonable manner, to
the Sector.These liabilities do not include tax liabilities.
As the Sector Result includes Interest income and other financial income and Interest expenses and other financial expenses of financial
services companies, the Assets of the Fiat Auto, Iveco and CN H Sectors and the Assets of the O ther Sectors for Banca Unione di Credito,
include financial assets (primarily the investment portfolio) of financial services companies; similarly Sector Liabilities include the debt of financial
services companies.As a result, the unallocated Group debt represents the debt of the industrial companies.
Magneti Business O ther and FIAT
(in millions of euros) Fiat Auto Maserati Ferrari FPT CN H Iveco Marelli Teksid Comau Solutions Itedi eliminations Group
2005
Total net revenues 19,533 533 1,289 1,966 10,212 9,489 4,033 1,036 1,573 752 397 (4,269)46,544
N et revenues intersegment (194) – (83) (1,513) (3) (355) (1,473) (206) (245) (422) (10) 4,504 –
N et revenues from third parties 19,339 533 1,206 453 10,209 9,134 2,560 830 1,328 330 387 235 46,544
Trading profit (281)(85)157 26 698 415 162 45 42 35 16 (230)1,000
Unusual income (expenses) (537) – – (22) (87) (126) (35) (18) (50) (28) (3) 2,121 1,215
O perating result (818)(85)157 4 611 289 127 27 (8) 7 13 1,891 2,215
Financial income (expenses) (843)
Unusual financial income 858
Result from equity investments 68 – – – 39 (54) (3) 1 (3) (20) – 6 34
Result before taxes 2,264
Income taxes 844
Result from continuing operations 1,420
O ther information
Capital expenditure 1,582 20 142 173 255 912 313 45 38 19 20 1 3,520
Depreciation and amortisation (1,264)(37)(128)(168)(296)(539)(181)(45)(27)(28)(7)(20)(2,740)
Impairment (151)––(1)–(36)(16)––(3)–(26)(233)
O ther non-cash items (1,259)(34)(52)(65)(1,311)(617)(102)(44)(53)(25)(1)(166)(3,729)