Chrysler 2007 Annual Report Download - page 120

119Fiat Group Consolidated Financial Statements at December 31, 2007 - Notes
5. Other 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 indirect taxes and duties, and accruals for various provisions not attributable to other items of
Cost of sales or Selling, general and administrative costs.
The detail of Other income (expenses) is as follows:
(in millions of euros) 2007 2006
Gains on disposal of Property, plant and equipment 183 95
Royalties and other income from licences and know-how 17 20
Rental income 31 42
Recovery of expenses and compensation for damages 24 64
Release of excess provisions 94 130
Prior period income 152 272
Other income 197 362
Total Other income 698 985
Indirect taxes 142 112
Losses on disposal of Property, plant and equipment 54 32
Impairment of assets 14 7
Charges for other provisions 161 282
Prior period expenses 100 184
Other expenses 139 263
Total Other expenses 610 880
Other income (expenses) 88 105
The item Gains on disposal of Property, plant and equipment in 2007 includes non-recurring income of 103 million euros arising
from the reinstatement in carrying amount and subsequent disposal of a piece of land which had been fully written down in a prior
period.
In 2006, the item Release of excess provisions included an amount arising in the Agricultural and Construction equipment Sector
from a structural reduction in period welfare costs in North America, resulting in the release to income of 25 million euros
previously provided.
6. Gains (losses) on the disposal of investments
In 2007 this item results in a net gain of 190 million euros, which includes a gain of 118 million euros on the disposal of the Group’s
interest in Mediobanca S.p.A., a gain of 42 million euros recognised on the finalisation of the disposal of the subsidiary Ingest
Facility S.p.A., a gain of 8 million euros on the establishment of the joint venture with Tata Motors, a gain of 7 million euros on the
disposal of a minor investment in Tecnomare S.p.A., a gain of 5 million euros on the disposal of a 17% interest in the associate
Servizio Titoli S.p.A., in which the Group maintains a 10% holding, and a gain of 4 million euros on the disposal of a Comau
business in France.