Chrysler 2008 Annual Report Download - page 129

Composition and principal changes
Income Statement
1. Net revenues
Net revenues can be analysed as follows:
(€ millions) 2008 2007
Sales of goods 54,503 53,742
Rendering of services 2,525 2,512
Contract revenues 732 669
Rents on operating leases 154 120
Rents on assets sold with a buy-back commitment 305 314
Interest income from customers and other financial income of financial services companies 959 979
Other 202 193
Total Net revenues 59,380 58,529
2. Cost of sales
Cost of sales comprises the following:
(€ millions) 2008 2007
Interest cost and other financial charges from financial services companies 777 756
Other cost of sales 48,646 48,168
Total Cost of sales 49,423 48,924
3. Selling, general and administrative costs
Selling costs amount to €2,939 million in 2008 (€2,795 million in 2007) and comprise mainly marketing, advertising and sales
personnel costs.
General and administrative costs amount to €2,136 million in 2008 (€2,129 million in 2007) and comprise mainly expenses for
administration which are not attributable to sales, production and research and development functions.
4. Research and development costs
In 2008, Research and development costs of €1,497 million (€1,536 million in 2007) comprise all the research and development
costs not recognised as assets in the year, amounting to €770 million (€809 million in 2007), the write-down of costs previously
capitalized of €9 million (€42 million in 2007), the reversal of previously recognised impairment losses of €17 million and the
amortisation of capitalised development costs of €735 million (€685 million in 2007). During 2008, the Group incurred new
expenditure for capitalised development costs of €1,216 million (€932 million in 2007).
Fiat Group Consolidated Financial Statements at 31 December 2008128