PSA COUV page . page RA GB - PEUGEOT Presse
PSA COUV page . page RA GB - PEUGEOT Presse
PSA COUV page . page RA GB - PEUGEOT Presse
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F ive-year consolited statement of income<br />
(in millions of euros) 2002 2001 2000 1999 1998<br />
MANUFACTURING AND SALES COMPANIES<br />
Net sales 52,906 50,288 42,978 36,740 33,076<br />
Operating expenses<br />
Cost of goods and services sold (40,196) (38,647) (31,946) (27,443) (24,937)<br />
Selling, general and administrative expenses (8,251) (7,504) (7,550) (6,408) (5,937)<br />
Research and development costs (1,865) (1,733) (1,625) (1,457) (1,301)<br />
(50,312) (47,884) (41,121) (35,308) (32,175)<br />
Operating margin 2,594 2,404 1,857 1,432 901<br />
Early-termination plan costs (158) (31) 32 (431) -<br />
Other income and (expenses), net<br />
Restructuring costs (124) (115) (41) (54) (66)<br />
Interest income (expense), net (25) (48) 86 (22) (24)<br />
Other income and (expenses), net 22 193 21 (1) (191)<br />
(127) 30 66 (77) (281)<br />
Income before tax of fully-consolidated companies 2,309 2,403 1,955 924 620<br />
Income taxes (666) (750) (601) (251) (252)<br />
Net income of fully-consolidated manufacturing<br />
and sales companies 1,643 1,653 1,354 673 368<br />
FINANCE COMPANIES<br />
Revenues<br />
From third parties 1,530 1,375 1,203 1,067 682<br />
From Group manufacturing and sales companies 170 212 184 127 160<br />
1,700 1,587 1,387 1,194 842<br />
Operating expenses (1,381) (1,339) (1,123) (952) (651)<br />
Operating margin 319 248 264 242 191<br />
Other income and (expenses), net (3) (4) (3) (7) (1)<br />
Income before tax of fully-consolidated companies 316 244 261 235 190<br />
Income taxes (111) (85) (112) (105) (61)<br />
Net income of fully-consolidated finance companies 205 159 149 130 129<br />
Net income of fully-consolidated companies 1,848 1,812 1,503 803 497<br />
Net earnings of companies at equity 22 9 19 31 38<br />
Amortization of goodwill (163) (140) (199) (60) (41)<br />
Net income before minority interests 1,707 1,681 1,323 774 494<br />
(Income) loss attributable to minority interests (17) 10 (11) (45) (10)<br />
Net income 1,690 1,691 1,312 729 484<br />
Basic earnings per €1 par value share<br />
- average number of common shares outstanding 254,201,332 263,357,148 261,283,962 284,425,614 300,675,288<br />
- in euros, per share 6.65 6.42 5.02 2.56 1.61<br />
<strong>PSA</strong> <strong>PEUGEOT</strong> CITROËN - APPENDICES TO THE MANAGING BOARD REPORT 181
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