Mercedes 2010 Annual Report Download - page 246

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Reconciliations. Reconciliations of the total segment amounts to
respective items included in financial statements are as follows:
2010 2009
In millions of euros
Total segments’ profit/loss (EBIT) 7,476 -1,283
Share of profit/loss from
investments accounted for using
the equity method 1
-248
85
Other corporate items 17 -483
Eliminations 29 168
Group EBIT 7,274 -1,513
Interest income 825 1,136
Interest expense -1,471 -1,921
Profit/loss before income taxes 6,628 -2,298
Total segments’ assets 129,092 119,219
Investments accounted for using
the equity method 1
3,162
3,858
Income tax assets 22,605 2,536
Unallocated financial assets
(including liquidity) and assets
from defined benefit plans 2
11,777
13,346
Other corporate items and eliminations -10,806 -10,138
Group assets 135,830 128,821
Total segments’ liabilities 104,125 95,224
Income tax liabilities 21,887 950
Unallocated financial liabilities
and liabilities from defined benefit plans 2
3,488
10,709
Other corporate items and eliminations -11,623 -9,889
Group liabilities 97, 877 96,994
1 Includes mainly the Group’s proportionate shares in the investments and
results of EADS and Tognum. For further information see Note 13.
2 Industrial business
The reconciliation includes corporate items for which headquar-
ters are responsible. Transactions between the segments are
eliminated in the context of consolidation and the eliminated
amounts are included in the reconciliation.
Within the reconciliation to Group EBIT, the line item “Other cor-
porate items” in 2010 includes a pre-tax income of €218
million related to the positive outcome of a legal dispute involv-
ing Daimler AG and a pre-tax gain of €265 million on the sale
of Daimler’s equity interest in Tata Motors. Due to the very good
development of earnings in 2010 and in view of the 125th anni-
versary of the invention of the automobile in 2011, the Board
of Management committed in December 2010 to pay out a anni-
versary bonus in an amount of approximately €125 million
to all persons employed by the Group, the individual amounts
depending on each employee’s period of service. The Group
also committed to increase the capital of the Daimler and Benz
Foundation from €37 million to €125 million. These expenses,
as well as additional expenses in connection with legal proceed-
ings, are also included in this line item. In 2009, other corporate
items reflect Chrysler-related expenses totaling €294 million.
Revenue and non-current assets by region. Revenue from
external customers is as follows:
Germany
Western
Europe 1 United States
Other
American
countries Asia
Other
countries Consolidated
In millions of euros
2010 19,281 19,197 20,216 9,112 19,659 10,296 97,761
2009 18,788 17,670 16,569 6,159 12,435 7,303 78,924
1 Excluding Germany.