Chrysler 2015 Annual Report Download - page 141

2015 | ANNUAL REPORT 141
The following assets and liabilities of the Ferrari segment were classified as held for distribution at December 31, 2015:
At December 31, 2015
(€ million)
Assets classified as held for distribution
Goodwill 786
Other intangible assets 297
Property, plant and equipment 627
Other non-current assets 134
Receivables from financing activities 1,176
Cash and cash equivalents 182
Other current assets 448
Total Assets held for distribution 3,650
Liabilities classified as held for distribution
Provisions 224
Debt 2,256
Other current liabilities 624
Trade payables 480
Total Liabilities held for distribution 3,584
The table below summarizes the major line items of the Consolidated Income Statement for discontinued operations
for the years ended December 31, 2015, 2014 and 2013.
For the Years Ended December 31,
2015 2014 2013
(€ million)
Net revenues 2,596 2,450 2,094
Expenses 2,152 2,061 1,730
EBIT 444 389 364
Net financial expenses/(income) 16 (4) (2)
Profit before taxes from discontinued operations 428 393 366
Tax expense 144 120 123
Profit from discontinued operations, net of tax 284 273 243
The amounts presented above are not representative of the income statement and the financial position of Ferrari on a
stand-alone basis, as these amounts are net of intercompany transactions, except as noted above.
Corporate Information
The Group and its subsidiaries, among which the most significant is FCA US LLC (“FCA US”), together with its
subsidiaries, are engaged in the design, engineering, manufacturing, distribution and sale of automobiles and light
commercial vehicles, engines, transmission systems, automotive-related components, metallurgical products and
production systems. In addition, the Group is also involved in certain other activities, including services (mainly captive)
and publishing, which represent an insignificant portion of the Group’s business.
All references in this report to “Euro” and “€” refer to the currency introduced at the start of the third stage of European
Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended. The
Group’s financial information is presented in Euro except that, in some instances, information in U.S.$ is provided
in the Consolidated Financial Statements and information included elsewhere in this report. All references to “U.S.
Dollars,” “U.S. Dollar”, “U.S.$” and “$” refer to the currency of the United States of America (or “U.S.”).