Chrysler 2006 Annual Report Download - page 7

(in millions of euros) 2006 2005
Net revenues 51,832 46,544
Trading profit 1,951 1,000
Operating result 2,061 2,215
Income before taxes 1,641 2,264
Net result for the year 1,151 1,420
Attributable to:
-Equity holders of the parent 1,065 1,331
-Minority interests 86 89
Basic earnings per ordinary and preference share (in euros) (1) 0.789 1.250
Basic earnings per savings share (in euros) (1) 1.564 1.250
Normalised basic earnings per ordinary and preference share (in euros) (2) 0.828 1.250
Normalised basic earnings per savings share (in euros) (2) 0.983 1.250
Diluted earnings per ordinary and preference share (in euros) (1) 0.788 1.250
Diluted earnings per savings share (in euros) (1) 1.563 1.250
Investments in tangible and intangible assets 3,789 3,052
-of which: Capitalised R&D costs 813 656
R&D expenses (3) 1,598 1,558
Total Assets 58,303 62,454
Net debt 11,836 18,523
-of which: Net industrial debt 1,773 3,219
Stockholders’ equity before minority interest 10,036 9,413
Group interest in stockholders’ equity 9,362 8,681
Employees at year-end (number) 172,012 173,695
(1) For additional information on the calculation of basic and diluted earnings per share see Note 12 of the Notes to the Consolidated Financial Statements.
(2) Normalised earnings per share have been calculated excluding the effects arising from the assignment of prior period dividends to savings shares.
(3) This amount includes capitalised R&D costs and costs charged directly to operations during the fiscal year.
Selected data by region
Number of Number of Number of Number of R&D Revenues
Companies Employees Facilities Centres (in millions of euros)
2006 2005 2006 2005 2006 2005 2006 2005 2006 2005
Italy 146 155 75,751 77,070 52 56 50 52 14,851 13,078
Europe excluding Italy 285 280 42,904 43,376 56 58 32 32 20,298 18,518
North America 76 80 11,714 12,572 25 28 15 17 6,315 6,048
Mercosur 31 40 30,877 29,132 20 20 10 10 5,416 4,364
Other regions 99 99 10,766 11,545 27 27 994,952 4,536
Total 637 654 172,012 173,695 180 189 116 120 51,832 46,544
Report on Operations Highlights – Group 11
Highlights – Group
Report on Operations The Fiat Group10
The Fiat Group performs automotive manufacturing and
financial service activities in more than 190 countries.
Below is a description of how the Group is currently
structured, as a result of its refocusing on the automotive
business. Reporting of Group activities was redefined
by Business Areas as follows:
Automobiles
Fiat Auto produces and sells automobiles (Fiat, Alfa Romeo
and Lancia brands) and light commercial vehicles (Fiat Light
Commercial Vehicles brand). The Sector’s main financing
activities in Europe were grouped into Fiat Auto Financial
Services, a 50-50 joint venture established at the end of 2006
with Crédit Agricole.
The Sector is represented by Fiat Auto S.p.A. and its
subsidiaries.
On February 1, 2007, Fiat Auto S.p.A. changed name to
“Fiat Group Automobiles S.p.A.”, and four new companies
were formed at the same time, 100% owned by Fiat Group
Automobiles S.p.A.: “Fiat Automobiles S.p.A.”, “Alfa Romeo
Automobiles S.p.A.”, “Lancia Automobiles S.p.A.” and
“Fiat Light Commercial Vehicles S.p.A.”. The operations and
the personnel will remain at Fiat Group Automobiles S.p.A.
The Fiat Group also controls Maserati and Ferrari.They produce
luxury sports cars that excel for their exclusive characteristics,
technology and performance.
Agricultural and Construction Equipment
CNH – Case New Holland operates in the field of tractors
and agricultural equipment through the Case IH and New
Holland brands and in the construction equipment business
through the Case and New Holland brands. Its financial
services provide support to its end customers and dealers.
Trucks and Commercial Vehicles
Iveco designs, produces and sells a complete line of commercial
vehicles under the Iveco brand, buses under the Irisbus brand,
and fire-fighting and special purpose vehicles under the Iveco,
Astra and Magirus brands. In addition, Iveco provides a wide
range of financing services to its customer and dealers mainly
through Iveco Finance Holdings Ltd, a company 51% owned
by the Barclays Group and 49% by Iveco.
The Fiat Group
Components and Production Systems
Fiat Powertrain Technologies (FPT) is the Sector which
groups all passenger car engine and transmission activities.
Fiat regained control over these activities in May 2005
following termination of the Master Agreement with
General Motors. Starting in 2006, the Sector also includes
the powertrain operations of Iveco and of the Centro Ricerche
Fiat (Fiat Research Centre). Within the framework of its
technological development projects, FPT coordinates Elasis’
powertrain activities.
Magneti Marelli produces components for lighting systems,
exhaust systems, suspensions and shock absorbers, engine
control units, and electronic systems.
Teksid supplies engine blocks, cylinder heads and other
cast-iron components for engines; cast-iron components for
transmissions, gearboxes and suspensions; and magnesium
bodywork components.
Comau produces industrial automation systems for the
automotive industry in the areas of product and process
engineering, logistics and management, manufacturing,
installation, production start-up and maintenance.
Other Businesses
This area includes the Services Sector (Business Solutions)
and the Publishing and Communications Sector, engaged
in the following businesses:
■Services in the areas of personnel administration and
administrative and corporate finance consulting, mainly
provided to Group companies. As of January 1, 2007, Business
Solutions’ activities were transferred to Fiat Services S.p.A.,
acompany that will provide services exclusively to the Fiat
Group (starting from 2007 Fiat Services will be included
among Holding companies & Other companies). The Business
Solutions Sector will therefore no longer be represented.
■The La Stampa daily newspaper and Publikompass, a company
that sells advertising space for multimedia customers.
Other Businesses also include Holding companies and Other
companies.