Chrysler 2008 Annual Report Download - page 132

Interest earned and other financial income may be analysed as follows:
(€ millions) 2008 2007
Interest income from banks 123 195
Interest income from securities 911
Commission income –1
Other interest earned and financial income 97 115
Total Interest earned and other financial income 229 322
Interest and other financial expenses may be analysed as follows:
(€ millions) 2008 2007
Interest expenses on bonds 427 503
Bank interest expenses 281 229
Interest expenses on trade payables 76
Commission expense 17 20
Other interest and financial expenses 639 738
Total Interest and other financial expenses 1,371 1,496
10. Result from investments
This item, amounting to €162 million (€185 million in 2007), includes the Group’s interest of €133 million (€210 million in 2007)
in the net profit of the companies accounted for using the equity method, reversals of impairment losses for financial assets
of €29 million (impairment losses for financial assets of €25 million in 2007), 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.
The item includes (amounts in € million): Fiat Group Automobiles Sector companies 93 (76 in 2007), entities of Agricultural and
Construction equipment Sector companies 38 (70 in 2007); entities of Trucks and Commercial Vehicles 34 mainly arising from the
release to income of a provision for risks no longer existing in connection with a Chinese investee; other companies -3 (39 in 2007).
11. Income taxes
Income taxes consist of the following:
(€ millions) 2008 2007
Current taxes:
-IRAP 168 188
- Other taxes 755 624
Total Current taxes 923 812
Deferred taxes for the period:
-IRAP (65) 4
- Other taxes (415) (118)
Total Deferred taxes (480) (114)
Taxes relating to prior periods 23 21
Total Income taxes 466 719
Fiat Group Consolidated Financial Statements at 31 December 2008 131