Chrysler 2008 Annual Report Download - page 130

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:
(€ millions) 2008 2007
Gains on disposal of Property, plant and equipment 72 183
Royalties and other income from licences and know-how 32 17
Rental income 25 31
Recovery of expenses and compensation for damages 30 24
Release of excess provisions 94 94
Other income 170 349
Total Other income 423 698
Indirect taxes 152 142
Losses on disposal of Property, plant and equipment 42 54
Impairment of assets 914
Charges for other provisions 136 161
Other expenses 107 239
Total Other expenses 446 610
Other income (expenses) (23) 88
The item Gains on disposal of Property, plant and equipment in 2007 included non-recurring income of €103 million 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.
6. Gains (losses) on the disposal of investments
In 2008 this item results in a net gain of €20 million which includes the gain of €14 million on the disposal of the subsidiary S.C.M.
Ltda and the gain of €4 million on the disposal of Targasys S.r.l.
In 2007 this item amounted to a net gain of €190 million, included a gain of €118 million on the disposal of the Group’s interest in
Mediobanca S.p.A., a gain of €42 million recognised on the finalisation of the disposal of the subsidiary Ingest Facility S.p.A.,
a gain of €8 million on the establishment of the joint venture with Tata Motors, a gain of €7 million on the disposal of a minor
investment in Tecnomare S.p.A., a gain of €5 million on the disposal of a 17% interest in the associate Servizio Titoli S.p.A.,
in which the Group has kept a 10% holding, and a gain of €4 million on the disposal of a Comau business in France.
7. Restructuring costs
The net balance of this item in 2008 amounts to €165 million; this amount mainly relates to the Sectors Magneti Marelli (€77 million)
and Fiat Group Automobiles (€62 million).
The restructuring costs of €105 million in 2007 were incurred mainly by Sectors Fiat Group Automobiles (€40 million), CNH – Case
New Holland (€30 million) and Comau (€21 million).
Fiat Group Consolidated Financial Statements at 31 December 2008 129