Fiat Group - Consolidated Financial Statements and Notes - Fiat SpA

130 Consolidated
Financial
Statements
at 31 December
2011
Income
Statement
Consolidated Income Statement (*)
(€ million) Note 2011 (*) 2010
Net revenues (1) 59,559 35,880
Cost of sales (2) 50,704 30,718
Selling, general and administrative costs (3) 5,047 2,956
Research and development costs (4) 1,367 1,013
Other income (expenses) (5) (49) (81)
TRADING PROFIT/(LOSS) 2,392 1,112
Gains (losses) on the disposal of investments (6) 21 12
Restructuring costs (7) 102 118
Other unusual income (expenses) (8) 1,025 (14)
OPERATING PROFIT/(LOSS) 3,336 992
Financial income (expenses) (9) (1,282) (400)
Result from investments: (10) 131 114
Share of the profit/(loss) of investees accounted for using the equity method 146 120
Other income (expenses) from investments (15) (6)
PROFIT/(LOSS) BEFORE TAXES 2,185 706
Income taxes (11) 534 484
PROFIT/(LOSS) FROM CONTINUING OPERATIONS 1,651 222
Post-tax profit/(loss) from Discontinued Operations (23) - 378
PROFIT/(LOSS) 1,651 600
PROFIT/(LOSS) ATTRIBUTABLE TO:
Owners of the parent 1,334 520
Non-controlling interests 317 80
PROFIT/(LOSS) FROM CONTINUING OPERATION ATTRIBUTABLE TO:
Owners of the parent 1,334 179
Non-controlling interests 317 43
(in €)
BASIC EARNINGS/(LOSS) PER ORDINARY AND PREFERENCE SHARE (13) 1.071 0.410
BASIC EARNINGS/(LOSS) PER SAVINGS SHARE (13) 1.180 0.565
DILUTED EARNINGS/(LOSS) PER ORDINARY AND PREFERENCE SHARE (13) 1.063 0.409
DILUTED EARNINGS/(LOSS) PER SAVINGS SHARE (13) 1.172 0.564
(*) Pursuant to Consob Resolution 15519 of 27 July 2006, the effects of related party transactions on the consolidated income statement are presented in the specific Income Statement
schedule provided in the following pages and are further described in Note 37.
(**) The amounts reported include seven months of operations for Chrysler from 1 June 2011.