Mercedes 2003 Annual Report Download - page 171
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Please find page 171 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.For the year ended December 31, 2003, Operating Profit of the
Other Activities segment includes €278 million (2002: €778 mil-
lion) from EADS and MMC, the significant companies accounted
for using the equity method. For the year ended December 31,
2001, Operating Profit of the Other Activities segment includes
€694 million from EADS and MMC, including a €876 million gain
from the formation of Airbus SAS. Operating Profit of 2003
includes a gain of €1,031 million from the sale of MTU Aero
Engines. The net-proceeds from this sale transaction amounted to
€1,052 million, of which €175 million have been loaned to the pur-
chaser. Because MTU Aero Engines is recognized as discontinued
operations, MTU Aero Engines’ revenues are not included in the
Other Activities segment revenues for all periods presented.
Following the sale transaction, effective December 31, 2003,
MTU Aero Engines’ assets and liabilities were deconsolidated.
Operating Profit, capital expenditures, and depreciation and
amortization include MTU Aero Engines until December 31, 2003
(see also Notes 4 and 10).
At December 31, 2003, 2002 and 2001, the identifiable assets of
the Other Activities segment include €4,542 million, €5,712 million
and €5,393 million, respectively, of investments in these equity
method investees.
The reconciliation of total segment operating profit (loss) to
consolidated income (loss) before income taxes, minority
interests, discontinued operations and cumulative effects of
changes in accounting principles is as follows:
(in millions of €)
(1,051)
(267)
(1,318)
465
–
1,040
(1,317)
98
39
(186)
–
(475)
(1,654)
200120022003
7,249
(395)
6,854
257
–
720
(1,040)
(112)
(102)
(153)
–
(499)
5,925
6,000
(314)
5,686
(870)
(1,960)
521
(911)
35
(308)
(84)
(1,031)
(482)
596
Total segment operating profit (loss)
Elimination and consolidation amounts
Total Group operating profit (loss)
Pension and postretirement benefit
income (expenses), other than current
and prior service costs and settlement/
curtailment losses
Impairment of investment in EADS
Interest and similar income
Interest and similar expenses
Other financial income (loss), net
Miscellaneous items, net
Pre-tax (income) loss from
discontinued operations, adjusted to
exclude or include the above
reconciling items
Pre-tax (income) loss on disposal
of discontinued operations
The Group’s share of the above
reconciling items included
in the net earnings (losses)
of investments acounted for at equity
Consolidated income (loss) before
income taxes, minority interests,
cumulative effects of changes in
accounting principles and discontinued
operations
Revenues from external customers presented by geographic region
are as follows:
Germany accounts for €21,164 million of long-lived assets (2002:
€19,627 million; 2001: €20,584 million), the United States for
€36,430 million (2002: €44,758 million; 2001: €58,850 million)
and other countries for €13,091 million (2002: €14,344 million;
2001: €12,971 million).
(in millions of €)
Germany
European
Union1United States Asia
Other
countries Consolidated
Other
American
countries
23,736
22,695
23,980
24,076
23,199
21,088
63,798
76,445
79,607
10,281
11,951
13,336
6,636
6,137
6,110
7,910
6,941
6,265
136,437
147,368
150,386
2003
2002
2001
1 Excluding Germany
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