Mercedes 2003 Annual Report Download - page 170
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Please find page 170 of the 2003 Mercedes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Financial Reporting | Overview | Analysis of the Financial Situation | Statement by the Board of Management | Independent Auditors’ Report | Financial Statements
Segment information as of and for the years ended December 31,
2003, 2002 and 2001 follows:
In 2003, the Chrysler Group and Services segments agreed to a
new arrangement regarding the sharing of risks associated with the
residual values of certain leased vehicles. In addition, the Chrysler
Group and Services segments negotiated reduced pricing on
certain retail financing programs offered by the Chrysler Group as
sales incentives in 2003. The adjusted pricing reflects the current
favorable funding environment as well as Services becoming the
exclusive provider of selected discount consumer financing for the
Chrysler Group. Both arrangements resulted in a favorable impact
of €244 million on the 2003 operating results at the Chrysler
Group. These arrangements decreased Services 2003 Operating
Profit by €244 million. Both arrangements had no effect on the
Group’s consolidated operating results.
Capital expenditures for equipment on operating leases for 2003,
2002 and 2001 for the Services segment amounted to €11,649
million, €12,862 million and €14,334 million, respectively.
For the year ended December 31, 2001, Operating Loss of the
Chrysler Group segment includes €1,715 million of non-cash turn-
around plan charges, other than depreciation and amortization.
The Operating Loss of the Commercial Vehicles segment for the
year ended December 31, 2002, includes €161 million (2001: €353
million) of non-cash turnaround plan and other charges, other than
depreciation and amortization.
For the years ended December 31, 2002 and 2001, Operating
Profit of the Services segment includes €10 million and €41
million, respectively, from the equity investment in T-Systems ITS,
representing the Group’s percentage share of the Operating Profit
of T-Systems ITS. At December 31, 2001, the identifiable assets
of the Services segment includes €2,193 million of the investment
in T-Systems ITS. For the year ended December 31, 2002, Operating
Profit of the Services segment includes impairment charges of
€537 million, which primarily relate to equipment on operating
leases and receivables from financial services.
Consolidated
(in millions of €)
Eliminations
Total
Segments
Other
ActivitiesServices
Commercial
Vehicles
Chrysler
Group
Mercedes
Car Group
49,321
–
49,321
(506)
47,147
2,487
3,927
59,716
465
60,181
609
52,807
3,155
4,276
62,676
807
63,483
(5,281)
63,325
5,083
5,364
26,909
1,608
28,517
855
16,015
1,006
935
26,905
1,496
28,401
(343)
15,269
1,263
1,210
27,084
1,488
28,572
(514)
16,232
1,484
922
11,997
2,040
14,037
1,240
83,239
76
5,087
13,765
1,934
15,699
3,060
87,833
95
6,804
14,975
1,876
16,851
612
100,570
112
7,071
185
255
440
1,285
29,781
121
151
186
322
508
903
33,970
137
157
1,649
371
2,020
1,181
31,200
168
197
136,437
7,324
143,761
6,000
200,343
6,629
11,889
147,368
7,591
154,959
7,249
211,982
7,14 5
14,099
150,386
8,245
158,631
(1,051)
231,885
8,908
15,407
–
(7,324)
(7,324)
(314)
(22,075)
(15)
(290)
–
(7,591)
(7,591)
(395)
(24,655)
–
(255)
–
(8,245)
(8,245)
(267)
(24,475)
(12)
(217)
136,437
–
136,437
5,686
178,268
6,614
11,599
147,368
–
147,368
6,854
187,327
7,14 5
13,844
150,386
–
150,386
(1,318)
207, 410
8,896
15,190
2003
Revenues
Intersegment sales
Total revenues
Operating Profit (Loss)
Identifiable segment assets
Capital expenditures
Depreciation and amortization
2002
Revenues
Intersegment sales
Total revenues
Operating Profit (Loss)
Identifiable segment assets
Capital expenditures
Depreciation and amortization
2001
Revenues
Intersegment sales
Total revenues
Operating Profit (Loss)
Identifiable segment assets
Capital expenditures
Depreciation and amortization
48,025
3,421
51, 4 4 6
3,126
24,161
2,939
1,789
46,796
3,374
50,170
3,020
22,103
2,495
1,652
44,002
3,703
47,705
2,951
20,558
2,061
1,853