annual report - FIAT SpA

also carry out financial services activities, expenses include interest expense and other financial expense deriving
from those activities.
The measure used to assess profit and loss for each operating segment is the Operating profit/(loss). Trading
profit/(loss) is reported as a specific part of the Operating profit/(loss) to separate the income and expense that is nonrecurring
in the ordinary operations of the business, such as gains and losses from the disposals of investments or
restructuring costs from profit or loss attributable to the Segments. Financial income and expense and taxes not
deriving from operating activities are recognised centrally and reported under Unallocated items and adjustments.
All profit and loss items are recognised in accordance with the same accounting principles used in the preparation of
the Group’s consolidated financial statements.
Details of the income statement by operating segment for the years ended 31 December 2010 and 2009 are as
follows:
Fiat Group
Fiat
Automobiles Maserati Ferrari Powertrain
Magneti
Marelli Teksid Comau
Other
Operating
Segments
Unallocated
items &
adjustments
FIAT
Group
(€ million)
2010
Segment revenues
Revenues from transactions
with other operating
27,860 586 1,919 4,211 5,402 776 1,023 1,159 (7,056) 35,880
segments
Revenues from external
(238) (72) (65) (3,627) (2,079) (204) (280) (491) 7,056 -
customers 27,622 514 1,854 584 3,323 572 743 668 - 35,880
Trading profit/(loss) 607 24 303 140 98 17 (6) (85) 14 1,112
Unusual income/(expense) (92) - (1) 32 (25) - - (34) - (120)
Operating profit/(loss) 515 24 302 172 73 17 (6) (119) 14 992
Financial income/(expense)
Interest in profit/(loss) of
joint ventures and
associates accounted for by
(400) (400)
using the equity method
Other profit/(loss) from
134 - - (11) (3) 1 - (3) 2 120
investments (3) - - - (2) - - (1) - (6)
Result from investments 131 - - (11) (5) 1 - (4) 2 114
Profit/(loss) before taxes 706
Income taxes
Profit/(loss) from
484 484
Continuing Operations 222
Amortisation and
depreciation (1,197) (81) (251) (259) (293) (28) (13)
Goodwill impairment
Non-cash items other than
depreciation and
- - - - - - -
amortisation
Reversal of impairment
losses on Intangible assets
and Property, plant and
(1,702) (40) (52) (83) (137) (17) (16)
equipment - - - - - - -
Fiat Group Consolidated Financial Statements at 31 December 2010 199