Chrysler 2005 Annual Report Download - page 160

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159
Appendix 1 Transition to International Financial Reporting Standards (IFRS)
Effects of transition to IFRS on the Income statement for the year ended December 31, 2004
Italian
(in millions of euros) GAAP
Reclassifications
Adjustments IAS/IFRS
N et revenues 46,703 – (1,066) 45,637 N et revenues
Cost of sales 39,623 675 (1,177) 39,121 Cost of sales
Gross operating result 7,080
O verhead 4,629 51 21 4,701 Selling, general and administrative costs
Research and development 1,810 1 (461) 1,350 Research and development costs
O ther operating income (expenses) (619) 346 (142) (415) O ther income (expenses)
O perating result 22 (381)409 50 Trading Profit
154 (4) 150 Gains (losses) on the disposal of
equity investments
496 46 542 Restructuring costs
(243) – (243) O ther unusual income (expenses)
(966)359 (585)O perating result
(641) (538) (1,179) Financial income (expenses)
Result of equity Investments 8 – 127 135 Result from equity investments
N on-operating income (expenses) (863) 863
EBIT (833)–
Financial income (expenses) (744) 744
Income (loss) before taxes (1,577)–(52)(1,629)Result before taxes
Income taxes (29) – (21) (50) Income taxes
N et result of normal operations (1,548)–(31)(1,579)Results from continuing operations
Result from discontinued operations – – – – Result from discontinued operations
N et result before minority interest (1,548)–(31)(1,579)Net result before minority interest