Chrysler 2012 Annual Report Download - page 151

Notes
150 Consolidated
Financial
Statements
at 31 December
2012
Composition and principal changes
For comparative purposes it should be noted that the Income statement for 2011 includes the operations of Chrysler for the seven months period from
1 June 2011.
1. Net revenues
Net revenues may be analysed as follows:
(€ million) 2012 2011 (*)
Sales of goods 80,278 55,751
Services provided 2,049 2,140
Contract revenues 1,086 977
Lease instalments for assets sold with a buy-back commitment and for operating leases 244 255
Interest income from customers and other financial income of financial services companies 277 235
Other 23 201
Total Net revenues 83,957 59,559
(*) Amounts reported for 2011 include the consolidation of Chrysler from 1 June 2011.
2. Cost of sales
Cost of sales amounts to €71,474 million in 2012 (€50,704 million in 2011) and includes €158 million (€148 million in 2011) of interest cost and other
financial expenses from financial services companies.
3. Selling, general and administrative costs
Selling costs amount to €4,339 million in 2012 (€3,264 million in 2011) and mainly consist of marketing, advertising, and sales personnel costs.
General and administrative costs amount to €2,392 million in 2012 (€1,783 million in 2011) and mainly consist of administration expenses which are not
attributable to sales, manufacturing or research and development functions.
4. Research and development costs
The breakdown of Research and development costs is as follows:
(€ million) 2012 2011 (*)
Research and development costs not recognised as assets 1,157 737
Amortisation of capitalised development costs 621 626
Write-down of costs previously capitalised 57 4
Total Research and development costs 1,835 1,367
(*) Amounts reported for 2011 include the consolidation of Chrysler from 1 June 2011.
During 2012 the Group capitalised development costs of €2,138 million (€1,438 million in 2011).