Mercedes 2012 Annual Report Download - page 251

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Daimler Trucks. In 2011, the Group recorded an impairment
loss of €32 million with respect to its investment in Kamaz.
The loss is included in the Daimler Trucks segment’s EBIT.
Mercedes-Benz Vans. In 2012, the Group recognized an impair-
ment charge on the equity investment in FBAC in the amount
of €64 million: the loss is included in Mercedes-Benz Vans seg-
ment’s EBIT.
Daimler Buses. In the first half of 2012, Daimler Buses
decided to restructure some sections of its business system
in Europe and North America. Expenses recorded in this
regard amounted to €155 million in 2012, of which €28 million
was already cash effective (see also Note 5).
Daimler Financial Services. In 2010, the Board of Management
decided to restructure the business activities of Daimler
Financial Services AG and Mercedes-Benz Bank AG in Germany
by the end of 2012. In 2012, cash outflows of €30 million
resulted from these original measures (2011: €25 million).
Furthermore, ongoing expenses and income affected earnings
in 2012 and in the previous year (see also Note 5).
Reconciliations. Reconciliations of the total segment
amounts to respective items included in financial statements
are presented in table  7.87.
The reconciliation includes corporate items for which
headquarters are responsible. Transactions between the
segments are eliminated in the context of consolidation
and the eliminated amounts are included in the reconciliation.
In 2012, the reconciliation to Group EBIT includes in the
line item “Share of profit/loss from investments accounted
for using the equity method” mainly profit from the sale
of EADS shares in the amount of €709 million.
In 2011, the line item “Other corporate items” within the
reconciliation to Group EBIT mainly comprises an impairment
charge on the equity investment in Renault (€110 million)
and expenses in connection with legal proceedings. In addition,
in 2011, further expenses were incurred at corporate level
some of which relate to IT projects and compliance activities.
Revenue and non-current assets by region. Revenue
from external customers by region is shown in table  7.88 .
The split of non-current assets by region is included in table
 7.89.
Reconciliation to Group figures
2012 2011
In millions of euros
Total segments’ profit/loss (EBIT) 7,704 9,377
Share of profit/loss from
investments accounted for using
the equity method1
1,016
174
Other corporate items -113 -619
Eliminations 8-177
Group EBIT 8,615 8,755
Interest income 828 955
Interest expense -1,725 -1,261
Profit/loss before income taxes 7,718 8,449
Total segments’ assets 158,854 144,678
Investments accounted for using
the equity method1
1,780
2,476
Income tax assets22,200 2,575
Unallocated financial assets
(including liquidity) and assets
from defined benefit plans2
13,843
10,459
Other corporate items and eliminations -13,699 -12,056
Group assets 162,978 148,132
Total segments’ liabilities 124,181 115,343
Income tax liabilities21,627 2,551
Unallocated financial liabilities
and liabilities from defined benefit plans2
6,173
1,672
Other corporate items and eliminations -14,513 -12,771
Group liabilities 117,468 106,795
1 Includes mainly the Group’s proportionate share in the investment and
results of EADS. For further information see Note 13.
2 Industrial business
7. 87