Chrysler 2005 Annual Report Download - page 215

214 Fiat S.p.A. Financial Statements at December 31, 2005
03 Fiat S.p.A.
Income Statement
2005 2004
(in euros)(in euros)
VALUE O F PROD UCTION (note 15)
Revenues from sales and services 20,169,500 59,775,406
Change in contract work in progress 13,575,898 16,859,476
O ther income and revenues 11,702,535 11,851,617
TOTAL VALUE O F PROD UCTION 45,447,933 88,486,499
CO STS OF PRO DUCTIO N (note 16)
Raw materials, supplies and merchandise 406,725 423,376
Services 76,217,668 109,849,162
Leases and rentals 987,596 949,056
Personnel
W ages and salaries 22,992,468 29,980,662
Social security contributions 7,222,924 9,873,787
Employee severance indemnities 4,087,033 4,088,328
Employee pensions and similar obligations 3,590,586 2,189,912
O ther costs 3,812,121 6,745,987
41,705,132 52,878,676
Amortisation, depreciation and writedowns
Amortisation of intangible fixed assets 23,745,920 26,496,908
Depreciation of property, plant and equipment 3,285,314 3,220,295
27,031,234 29,717,203
O ther operating costs 40,701,141 13,451,449
TOTAL COSTS OF PRO DUCTIO N 187,049,496 207,268,922
DIFFERENCE BETW EEN THE VALUE
AN D CO STS OF PRO DUCTIO N (141,601,563) (118,782,423)
FIN AN CIAL IN COME AN D EXPENSES (note 17)
Investment income
Subsidiaries – 676,123,797
O ther companies 7,713,904 6,433,015
7,713,904 682,556,812
O ther financial income
From securities held as fixed assets
other than equity investments 2,072 2,467
From securities held as current assets
other than equity investments 85,750 –
O ther income
Subsidiaries 101,199,017 63,019,390
O thers 11,415,199 9,955,470
112,614,216 72,974,860
112,702,038 72,977,327
Interest and other financial expenses
Subsidiaries 2,941,624 17,686,797
O thers 165,735,025 192,535,010
168,676,649 210,221,807
Foreign exchange gains and losses (58,155) 283,349
TOTAL FIN AN CIAL IN COME AN D EXPENSES (48,318,862) 545,595,681