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➔ Note 6 - Quarterly sales
Consolidated net sales break down as follows by quarter:
(in millions of euros) 2002 2001 2000
1 st quarter 13,439 12,746 11,641
2 nd quarter 13,932 13,466 10,849
3 rd quarter 12,804 11,917 10,134
4 th quarter 14,261 13,534 11,557
Total 54,436 51,663 44,181
➔ Note 7 - Payroll costs
Group payroll costs are as follows:
a) Manufacturing and sales companies
(in millions of euros) 2002 2001 2000
Automobile 5,569 5,339 5,031
Automotive Equipment 1,877 1,745 1,111
Transportation & Logistics 290 276 256
Other 184 178 177
Total 7,920 7,538 6,575
b) Finance companies
(in millions of euros) 2002 2001 2000
115 111 105
➔ Note 8 - Depreciation expense -
manufacturing and sales companies
Depreciation expense included in operating expense breaks down
as follows:
(in millions of euros) 2002 2001 2000
Special tools 681 518 679
Other property, plant and equipment 1,491 1,468 1,207
Investment grants (7) (12) (9)
Total 2,165 1,974 1,877
➔ Note 9 - Restructuring costs -
manufacturing and sales companies
a) Analysis by type
(in millions of euros) 2002 2001 2000
Workforce reductions 114 104 22
Discontinued production operations 10 11 19
Total 124 115 41
b) Number of employees affected by workforce reductions
(number of employees) 2002 2001 2000
France 500 339 443
Spain 583 279 22
United Kingdom 87 - 427
Rest of Europe 840 541 78
United States 31 373 -
Argentina 588 444 -
Total 2,629 1,976 970
➔ Note 10 - Interest income (expense) net
- manufacturing and sales companies
Interest income (expense), net of manufacturing and sales companies
can be analyzed as follows:
(in millions of euros) 2002 2001 2000
Interest expense (516) (502) (369)
Interest income 447 404 379
Capitalized interest 44 50 76
Total (25) (48) 86
➔ Note 11 - Other income and (expense), net - manufacturing and sales companies
Other income and expense include the following amounts:
(in millions of euros) 2002 2001 2000
Changes to supplementary pension benefit plans (note 46) (101) - -
Net gains on disposals of assets 89 214 134
Net loss on retirement of convertible debentures - - (125)
Reversals of reserves for convertible debenture redemption premiums - 27 26
Exchange gain (loss), net 22 (24) (6)
Net additions to contingency reserves and allowances for impairment in value of long-lived assets (8) (15) (11)
Income from shares in non-consolidated companies 20 5 5
Other - (14) (2)
Total 22 193 21
Net gains on disposals of assets include:
- In 2002, €89 million in profits on sales of short-term investments.
- In 2001, a €228 million profit on the sale of a real estate complex in the Paris area.
- In 2000, €95 million in profits on sales of short-term investments.
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PSA PEUGEOT CITROËN - APPENDICES TO THE MANAGING BOARD REPORT