EL DORSINO È DA DEFINIRE - FIAT SpA

16 Adjustments to financial assets
(in millions of euros) 1st half 2000 1st half 1999
Revaluations of:
Equity investments 58 69
Securities held as current assets other than equity investments – 2
Total Revaluations 58 71
Writedowns of:
Equity investments 53 44
Financial receivables – –
Securities held as current assets other than equity investments 21 37
Total Writedowns 74 81
Total Adjustments to financial assets (16) (10)
The Revaluations and Writedowns of equity investments include the Group’s interest in net income and losses of the companies
accounted for using the equity method.
17 Extraordinary income and expenses
(in millions of euros) 1st half 2000 1st half 1999
Extraordinary income
Gains on disposals of investments and other fixed assets 448 241
Other income:
Prior period income and other income 19 27
Total Other income 19 27
Total Extraordinary income 467 268
Extraordinary expenses
Losses on disposal of:
Investments (1) –
Fixed assets – –
Total losses on disposal (1) –
Other expenses:
Extraordinary provisions to reserves (1) (25)
Prior period expenses and other expenses (99) (13)
Total Other expenses (100) (38)
Total Extraordinary expenses (101) (38)
Total Extraordinary income and expenses 366 230
In the first half of 2000, Gains on disposals of investments and fixed assets totaled 448 million euros and refer to the following
disposals: Lubricants Division (361 million euros), H.D.P. shares (38 million euros), Unicredito shares (21 million euros), the
Service and Spare Parts business of the Aviation Sector (17 million euros) and other minor investments (11 million euros).
In the first half of 1999, Gains on disposals of investments and fixed assets totaled 241 million euros and referred to the disposal
of the Rotary Devices business segment by the Components Sector (74 million euros), Rhône Poulenc S.A. (55 million euros),
In.Te.S.A. S.p.A. (49 million euros), Banco Central Hispano Americano S.A. (41 million euros), Assimoco S.p.A. (10 million euros)
and other minor investments (12 million euros).
Prior period expenses and other expenses of 99 million euros include extraordinary expenses for incentives and restructuring
of the Automobiles Sector (37 million euros), the Components Sector (33 million euros) and other related expenses (29 million
euros).
Consolidated Financial Statements and Notes at June 30, 2000
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