Chrysler 2005 Annual Report Download - page 98

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Fiat Group Consolidated Financial Statements at December 31, 2005 - N otes to the Consolidated Financial Statements
Interest earned and other financial income may be analysed as follows:
(in millions of euros) 2005 2004
Interest income from banks 58 47
Interest income from securities 45 40
Commissions 48 49
O ther Interest earned and financial income 225 231
Total Interest earned and other financial income 376 367
Interest and other financial expenses may be analysed as follows:
(in millions of euros) 2005 2004
Interest expenses on bonds 524 587
Bank interest expenses 397 450
Interest expenses on trade payables 11 27
O ther interest and financial expenses 763 666
Total Interest and other financial expenses 1,695 1,730
Unusual financial income
The item Unusual financial income consists of income of 858 million euros arising from the increase of share capital on September 20, 2005
and the simultaneous extinguishment of the Mandatory Convertible Facility (see N otes 25 and 28). In particular, this income corresponds
to the difference between the subscription price of 10.28 euros per share and the market value of 7.337 euros per share at the subscription
date, net of accessory costs.This operation led to an increase in capital stock of 1,459 million euros and in other equity reserves of
682 million euros.
10. Result from equity investments
This item includes the Group’s interest in the net result of the companies accounted for using the equity method, the write-downs
connected with the loss in value of financial assets and any reinstatement of value, the write-downs of equity investments classified as held
for sale, accruals to provisions against equity investments, income and expense arising from the adjustment to fair value of investments in
other entities held for trading, and dividend income. In particular, in 2005 there was a profit of 115 million euros representing the net result
of companies accounted for using the equity method (153 million euros in 2004, including an amount of 54 million euros relating to Italenergia
Bis S.p.A. which was sold in 2005).
The net result from equity investments in 2005 amounts to 34 million euros (135 million euros in 2004) and includes (amounts in millions
of euros): Fiat Auto Sector companies 57 (91 in 2004), entities of CN H Global N .V. Sector companies 39 (25 in 2004), Commercial Vehicles
Sector companies -54 (-20 in 2004) and other companies -8 (39 in 2004, of which 54 related to Italenergia Bis S.p.A.).