Chrysler 2013 Annual Report Download - page 160

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159
Consolidated
Financial Statements
at 31 December 2013
Interest income and other financial income may be analyzed as follows:
( million) 2013 2012
Interest income from banks deposits 152 168
Interest income from securities 814
Other interest income and financial income 40 72
Total Interest income and other financial income 200 254
Interest cost and other financial expenses may be analyzed as follows:
( million) 2013 2012
Interest expenses on bonds 959 921
Interest expenses on bank borrowing 346 347
Commission expenses 25 21
Other interest cost and financial expenses 550 647
Total Interest cost and other financial expenses 1,880 1,936
In 2013 the Other interest cost and financial expenses included interest expenses of 326 million (342 million in 2012) related to the VEBA
Trust Note and interest expenses of 61 million (71 million in 2012) related to the Canadian Health Care Trust Note.
10. Tax (income)/expenses
Income taxes are as follows:
( million) 2013 2012
Current taxes 607 686
Deferred taxes (benefits) costs (1,570) (71)
Taxes relating to prior periods 20 8
Total Tax (income)/expenses (943) 623
In 2013 Income taxes were a positive 943 million, mainly as a consequence of the recognition of previously unrecognized deferred tax assets
related to Chrysler of 1,500 million.
In 2013, the Regional Italian Income Tax IRAP recognized within current taxes amounts to 54 million (60 million in 2012) and IRAP
recognized within deferred tax costs amounts to 12 million (20 million in 2012).