annual report - FIAT SpA

REPORT ON OPERATIONS
HIGHLIGHTS
Fiat Group pre Demerger
(€ million) 2010 2009 2008 2007
Net revenues 56,258 50,102 59,564 (*) 58,529
Trading profit/(loss) 2,204 1,058 3,362 3,233
Operating profit/(loss) 2,009 359 2,972 3,152
Profit/(loss) before taxes 1,282 (367) 2,187 2,773
Profit/(loss) for the year 600 (848) 1,721 2,054
Attributable to:
Owners of the parent 520 (838) 1,612 1,953
Non-controlling interests 80 (10) 109 101
Basic earnings/(loss) per ordinary share (€) (1) 0.410 (0.677) 1.290 1.537
Basic earnings/(loss) per preference share (€) (1) 0.410 (0.677) 1.290 1.537
Basic earnings/(loss) per savings share (€) (1) 0.565 (0.677) 1.445 1.692
Diluted earnings/(loss) per ordinary share (€) (1) 0.409 (0.677) 1.285 1.526
Diluted earnings/(loss) per preference share (€) (1) 0.409 (0.677) 1.285 1.526
Diluted earnings/(loss) per savings share (€) (1) 0.564 (0.677) 1.440 1.681
Investments in tangible and intangible assets 3,718 3,386 4,979 (*) 3,985
of which: capitalized R&D costs 1,282 1,046 1,216 932
R&D expenditure (2) 1,936 1,692 1,986 1,741
Total Assets 73,442 67,235 61,772 60,136
Net (debt)/cash (14,932) (15,898) (17,954) (10,423)
of which: net industrial (debt)/cash (2,442) (4,418) (5,949) 355
Total equity 12,461 11,115 11,101 11,279
Equity attributable to owners of the parent 11,544 10,301 10,354 10,606
No. of employees at year end 199,924 190,014 198,348 185,227
Continuing and Discontinued Operations 2010 2009
(€ million)
Continuing
Operations
Discontinued
Operations
Continuing
Operations
Discontinued
Operations
Net revenues 35,880 21,342 32,684 17,968
Trading profit/(loss) 1,112 1,092 736 322
Operating profit/(loss) 992 1,017 378 (19)
Profit/(loss) before taxes 706 576 103 (470)
Profit/(loss) for the year
Attributable to:
222 378 (345) (503)
Owners of the parent 179 341 (374) (464)
Non-controlling interests 43 37 29 (39)
Basic earnings/(loss) per ordinary share (€) (1) 0.130 0.273 (0.302) (0.375)
Basic earnings/(loss) per preference share (€) (1) 0.217 0.273 (0.302) (0.375)
Basic earnings/(loss) per savings share (€) (1) 0.239 0.319 (0.302) (0.375)
Diluted earnings/(loss) per ordinary share (€) (1) 0.130 0.272 (0.302) (0.375)
Diluted earnings/(loss) per preference share (€) (1) 0.217 0.272 (0.302) (0.375)
Diluted earnings/(loss) per savings share (€) (1) 0.238 0.318 (0.302) (0.375)
Investments in tangible and intangible assets 2,864 854 2,684 702
of which: capitalized R&D costs 886 396 748 298
R&D expenditure (2) 1,284 652 1,154 538
Net industrial debt (542) (1,900) (3,103) (1,315)
No. of employees at year end 137,801 62,123 128,771 61,243
(*) Following adoption of the improvement to IAS 16 in 2009, as described in the Notes to the Consolidated Financial Statements, 2008 net revenues
were increased by €184 million and investments in tangible and intangible assets were reduced by €284 million.
(1) See Note 13 to the Consolidated Financial Statements for additional information on the calculation of basic and diluted earnings per share.
(2) Includes capitalized R&D and R&D charged directly to the income statement.
Report on Operations Highlights 13