Chrysler 2014 Annual Report Download - page 65

2014 | ANNUAL REPORT 63
Restructuring costs
For the Years Ended December 31, Increase/(decrease)
(€ million, except percentages) 2014 2013 2012 2014 vs. 2013 2013 vs. 2012
Restructuring costs 50 28 15 22 78.6% 13 86.7%
2014 compared to 2013
Restructuring costs for the year ended December 31, 2014 were €50 million, an increase of €22 million, from
€28 million for the year ended December 31, 2013.
Restructuring costs for the year ended December 31, 2014 mainly relate to the LATAM and Components segments.
Restructuring costs for the year ended December 31, 2013 mainly relate to Other activities partially offset by release of
a restructuring provision previously recognized in the NAFTA segment.
2013 compared to 2012
Restructuring costs for the year ended December 31, 2013 were €28 million, an increase of €13 million, from
€15 million for the year ended December 31, 2012.
Net restructuring costs for 2013 mainly relate to a €38 million restructuring provision related to activities included
within other activities, partially offset by a €10 million release of a previously recognized provision related to the NAFTA
segment primarily related to decreases in expected workforce reduction costs and legal claim reserves.
Net restructuring costs for 2012 include EMEA segment restructuring costs of €43 million and €20 million related
to the Components segment and other activities, which were partially offset by a €48 million release of a previously
recognized provision related to the NAFTA segment.
Other unusual income/(expenses)
For the Years Ended December 31, Increase/(decrease)
(€ million, except percentages) 2014 2013 2012 2014 vs. 2013 2013 vs. 2012
Other unusual income/(expenses) (390) (499) (138) 109 21.8% (361) (261.6)%
2014 compared to 2013
Other unusual expenses for the year ended December 31, 2014 were €390 million, a decrease of €109 million from
€499 million for the year ended December 31, 2013.
For the year ended December 31, 2014, Other unusual income/(expenses) amounted to net expenses of €390 million,
primarily relating to the €495 million expense recognized in the NAFTA segment in connection with the execution of
the MOU with the UAW which was entered into by FCA US on January 21, 2014, which was partially offset by the
non-cash and non-taxable gain of €223 million on the remeasurement to fair value of the previously exercised options
on approximately 10 percent of FCA US’s membership interest in connection with FCA’s acquisition of the remaining
41.5 percent ownership interest in FCA US that was not previously owned. In addition, Other unusual expenses
include a €98 million remeasurement charge recognized in the LATAM segment as a result of the Group’s change
in the exchange rate used to remeasure its Venezuelan subsidiary’s net monetary assets in U.S. Dollar, based on
developments in the first quarter 2014 related to the foreign exchange process in Venezuela as described in more
detail in the discussion of results for LATAM below. For the year ended December 31, 2014, Other unusual expenses
also included the €15 million compensation costs deriving from the resignation of the former Ferrari chairman.