Mercedes 2006 Annual Report Download - page 181

In 2006, the Group employed a workforce of 365,753
(2005: 386,465; 2004: 379,019) people. Therein included are
13,104 (2005: 14,409; 2004: 14,307) trainees/apprentices.
Information on the compensation of the current and former
members of the Board of Management and the current members
of the Supervisory Board is included in Note 37.
6. Other Income
Other income consists of the following:
“Gains on sales of property, plant and equipment” in 2005
include a €240 million gain on the sale of the Chrysler Group’s
Arizona Proving Grounds vehicle testing facility.
The sale of the major portion of the Group’s Off-Highway business
resulted in a gain of €226 million in 2006 (see also Note 4),
of which €219 million is included in the line item “gains on sales
of companies.” Due to the repurchase of a note by its issuer,
a gain of €53 million was realized in 2005 and is also included
in this line item. The note was issued by MTU Aero Engines
Holding AG to DaimlerChrysler in the context of the sale of MTU
Aero Engines GmbH in 2003.
As result of the settlement agreement in connection with
the sale of Adtranz in 2004, a gain of €120 million which had
been deferred since 2001 was realized as other income.
7. Financial Income (Expense), Net
In 2005, DaimlerChrysler sold all of its MMC shares. The gain
on that sale amounted to €681 million and is included in
“gains, net from disposals of investments and shares in affiliated
and associated companies”.
In 2004, the dilution of DaimlerChrysler’s interest in MMC resulted
in a loss of €135 million which is reflected in “gain (loss) from
the dilution of shares in affiliated companies and investments
accounted for under the equity method”. Realized gains from
DaimlerChrysler’s currency hedging of the net investment in MMC
of €195 million are included in “gain (loss) from companies
included at equity”.
The Group capitalized interest expenses related to qualifying
construction projects of €73 million (2005: €73 million; 2004:
€70 million).
Year ended December 31,
2004
20052006
215
107
249
200
30
504
1,305
351
101
64
17
33
400
966
94
100
128
34
30
509
895
Gains on sales of property, plant and
equipment
Rental income, other than relating to
financial services
Gains on sales of companies
Reimbursements under insurance
policies
Government subsidies
Other miscellaneous items
(in millions of €)
Year ended December 31,
2004
20052006
69
73
–
(60)
318
400
663
(913)
(250)
(7)
–
473
466
616
55
732
–
(31)
103
859
539
(1,112)
(573)
200
(5)
(264)
(69)
217
86
291
(135)
(50)
(798)
(606)
490
(790)
(300)
18
(122)
(67)
(171)
(1,077)
Income from investments
of which from affiliated companies
€(5) (2005: €28; 2004: €36)
Gains, net from disposals of
investments and shares in affiliated
and associated companies
Gain (loss) from the dilution
of shares in affiliated companies and
investments accounted for under
the equity method
Write-down of investments and
shares in affiliated companies
Gain (loss) from companies included
at equity
Income (loss) from investments,
net
Other interest and similar income
of which from affiliated companies
€39 (2005: €33; 2004: €5)
Interest and similar expenses
of which from affiliated companies
€37 (2005: €26; 2004: €32)
Interest expense, net
Income (loss) from securities
of which from affiliated companies
€– (2005: €2; 2004: €2)
Write-down of securities
Other, net
Other financial income (loss), net
(in millions of €)
Consolidated Financial Statements | Notes to the Consolidated Statements of Income | 165