Chrysler 2005 Annual Report Download - page 23

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01 Report on Operations
Reporton Operations Financial Review of the Group
For reporting purposes, starting January 1 2005, Group’s activities are aggregated in five business areas. In more detail:
Fiat Auto, Fiat Powertrain Technologies (consolidated on a line by line basis effective May 2005 following termination of the Master
Agreement with General Motors), Maserati and Ferrari are included in the Automobiles business area;
CNH and Iveco continue to report as separate entities;
Magneti Marelli,Teksid and Comau make up the Components and Production Systems business area;
all remaining activities are grouped together under Other Businesses.
FINANCIAL REVIEW OF THE GROUP
OPERATING PERFORMANCE OF THE GROUP
(in millions of euros) 2005 2004
Net revenues 46,544 45,637
Cost of sales 39,624 39,121
Selling, general and administrative costs 4,513 4,701
Research and development costs 1,364 1,350
Other income (expenses) (43) (415)
Trading profit 1,000 50
Gains (losses) on the disposal of equity investments 905 150
Restructuring costs 502 542
Other unusual income (expenses) 812 (243)
Operating result 2,215 (585)
Financial income (expenses) (843) (1,179)
Unusual financial income 858 –
Result from equity investments 34 135
Income/(loss)beforetaxes 2,264 (1,629)
Income taxes 844 (50)
Result of continuing operations 1,420 (1,579)
Result of discontinued operations ––
Net income/(loss)before minority interest 1,420 (1,579)
Minority interest 89 55
Group interest in net income/(loss)1,331 (1,634)
In order to achieve a better presentation, more consistent between the various Sectors, certain costs that in the Appendix to the First Quarter 2005 Report were classified by certain
Sectors as Other income (expenses) and by other Sectors as Cost of sales or Selling, general and administrative costs, are now recorded in the same manner by all Sectors. This
reclassification has no impact on Trading profit, Operating result or Net result.
In the review that follows, net revenues and trading profit are discussed by single Business area/Sector; the other data refer to the Group
as a whole.