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Unrealized gains on restricted stock at December 31, 2002, 2001 and
2000 are as follows:
(in millions of euros) 2002 2001 2000
67 106 578
➔ Note 18 - Investments in companies
at equity
Companies accounted for by the equity method, as defined in note 1-a
consist of manufacturers of automotive equipment and companies
manufacturing and selling vehicles.
a) Changes in investments in companies at equity
(in millions of euros) 2002 2001 2000
As of January 1 215 203 194
Dividends paid and income transfers (17) (9) (13)
Group equity in net earnings for
the year 22 9 19
Inclusion of Dongfeng Citroën
Automotive Corp. – DCAC 104 N/A N/A
Formation of Toyota Peugeot
Citroën Automobile 33 N/A N/A
Acquisitions 13 15 4
Disposals - (1) -
Effect of exchange rate changes (19) (2) (1)
As of December 31 351 215 203
b) Equity in net assets of companies at equity
(in millions of euros) % 2002 2001 2000
Renault cooperation agreement
Française de Mécanique 50 93 85 79
Société de Transmissions
Automatiques 20 3 3 3
Société Franco-Suédoise
wound
de Moteurs P.R.V. 50 up - 1
Fiat cooperation agreement
Société Européenne de Véhicules
Légers du Nord (Sevelnord) 50 19 35 38
Gisevel 50 6 5 4
Sevelind 50 (58) (74) (86)
Sevel S.p.A. 50 120 130 146
Toyota cooperation agreement
Toyota Peugeot Citroën
Automobile 50 33 N/A N/A
Dongfeng Citroën Automotive Corp. 27 92 N/A N/A
Other
Siemens Automotiv Hydraulics 48 3 3 3
Faurecia group companies 40 28 15
Total 351 215 203
c) Equity in net earnings of companies at equity
(in millions of euros) % 2002 2001 2000
Renault cooperation agreement
Française de Mécanique 50 16 12 8
Société de Transmissions
Automatiques 20 - - (1)
Société Franco-Suédoise
wound
de Moteurs P.R.V. 50 up - -
Fiat cooperation agreement
Société Européenne de Véhicules
Légers du Nord (Sevelnord) 50 (15) (3) -
Gisevel 50 1 1 -
Sevelind 50 15 12 11
Sevel S.p.A. 50 (10) (15) (2)
Toyota cooperation agreement
Toyota Peugeot Citroën
Automobile 50 - N/A N/A
Dongfeng Citroën Automotive Corp. 27 10 N/A N/A
Other
Siemens Automotiv Hydraulics 48 - - (2)
Faurecia group companies 5 2 5
Total 22 9 19
Breakdown: Earnings before tax 16 2 22
Income taxes 6 7 (3)
Net earnings 22 9 19
d) Key combined financial data of companies at equity
1. Aggregate data
(in millions of euros) 2002 2001 2000
Capital employed
- Property, plant and equipment 886 633 590
- Working capital 383 424 398
- Other capital employed 6 (31) 7
Total 1,275 1,026 995
Capital expenditure 159 145 92
Financial position
- Long and medium-term debt (297) (300) (244)
- Other financial items (435) (287) (259)
Total (732) (587) (503)
PSA PEUGEOT CITROËN - APPENDICES TO THE MANAGING BOARD REPORT 155