THE FIAT GROUP IN - Fiat SpA

Consolidated Statement of Operations
(in millions of euros) 2001 2000 1999
VALUE OF PRODUCTION (note 15)
Revenues from sales and services
Change in work in progress, semifinished
57,575 57,603 48,402
and finished products inventories 7 27 275
Change in contract work in progress 431 (48) (279)
Additions to internally produced fixed assets 1,069 1,242 1,107
Other income and revenues:
revenue grants 79 43 33
other 2,166 2,376 1,806
Total Other income and revenues 2,245 2,419 1,839
TOTAL VALUE OF PRODUCTION 61,327 61,243 51,344
COSTS OF PRODUCTION (note 16)
Raw materials, supplies and merchandise 31,255 31,134 25,720
Services 9,835 9,042 7,893
Leases and rentals 487 409 299
Personnel:
salaries and wages 5,862 6,140 5,430
social security contributions 1,551 1,710 1,630
employee severance indemnities 315 353 333
employee pensions and similar obligations 122 139 59
other costs 319 353 196
Total Personnel costs 8,169 8,695 7,648
Amortization, depreciation and writedowns:
amortization of intangible fixed assets 593 519 280
depreciation of property, plant and equipment 2,287 2,533 2,074
writedown of fixed assets 8 1 5
writedown of receivables among
current assets and liquid funds 538 475 244
Total Amortization, depreciation and writedowns
Change in raw materials, supplies
3,426 3,528 2,603
and merchandise inventories (110) 63 (64)
Provisions for risks 1,038 1,047 854
Other provisions 6 7 8
Other operating costs 1,309 1,458 1,265
Expenses of financial services companies 904 983 694
Insurance claims and other insurance costs 4,690 4,022 3,636
TOTAL COSTS OF PRODUCTION
DIFFERENCE BETWEEN THE
61,009 60,388 50,556
VALUE AND COSTS OF PRODUCTION 318 855 788
FINANCIAL INCOME AND EXPENSES (note 17)
Investment income:
unconsolidated subsidiaries 79 82 110
associated companies 1 6 22
other companies 184 290 157
Total Investment income 264 378 289
Other financial income
from long-term receivables:
from others
from securities held as fixed assets
2 5 6
other than equity investments
from securities held as current assets
253 203 86
other than equity investments 301 96 162
Consolidated Financial Statements at December 31, 2001
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