Chrysler 2005 Annual Report Download - page 95

94 Fiat Group Consolidated Financial Statements at December 31, 2005 - N otes to the Consolidated Financial Statements
02 Fiat Group
5. O ther income (expenses)
This item consists of income arising from trading operations which is not attributable to the sale of goods and services (such as royalties and
other income from licences and know-how), net of miscellaneous operating costs which cannot be allocated to specific functional areas, such as
post-employment benefits for retired former employees (health care service costs), indirect taxes and duties, and accruals for various provisions.
The detail of O ther income (expenses) is as follows:
(in millions of euros) 2005 2004
O ther income
Gains on disposal of Property, plant and equipment and Leased assets 166 66
Amortisation of deferred government investment grants 64 63
Government revenue grants 58 53
Royalties and other income from licences and know-how 55 44
Rental income 40 47
Recovery of expenses and compensation for damages 145 69
Release of excess provisions 177 104
Prior period income 294 352
O ther income 362 688
Total O ther income 1,361 1,486
O ther expenses
Indirect taxes 106 117
Losses on disposal of Property, plant and equipment and Leased assets 35 20
Impairment of assets 29 336
Post-employment benefits for retired former employees 63 58
Charges for other provisions 533 450
Prior period expenses 186 220
O ther expenses 452 700
Total O ther expenses 1,404 1,901
O ther income (expenses) (43) (415)
In 2005 the item Release of excess provisions includes an amount arising in the Agricultural and Construction Equipment Sector from a
structural reduction in period welfare costs in N orth America, resulting in the release to income of 83 million euros previously provided.
Included under the item Impairment of assets in 2004 was an amount of 190 million euros for the write down of plant and machinery in the
Fiat Auto, Iveco, Maserati and Teksid Sectors, and the write-down of goodwill in CN H by 121 million euros following a reassessment of the
purchase accounting regarding the Case acquisition, which relates to accumulated tax losses which became recoverable, with the corresponding
counter-entry recognised in deferred tax assets for the same amount.