Consolidated Income Statement (*)

(€ million) Note 2012 2011 (**)
Net revenues (1) 83,957 59,559
Cost of sales (2) 71,474 50,704
Selling, general and administrative costs (3) 6,731 5,047
Research and development costs (4) 1,835 1,367
Other income/(expenses) (5) (103) (49)
TRADING PROFIT/(LOSS)   3,814 2,392
Result from investments: (6) 107 131
Share of the profit/(loss) of investees accounted for using the equity method   94 146
Other income/(expenses) from investments   13 (15)
Gains/(losses) on the disposal of investments (7) (91) 21
Restructuring costs (8) 15 102
Other unusual income/(expenses) (9) (138) 1,025
EARNINGS BEFORE INTEREST AND TAXES (EBIT)   3,677 3,467
Financial income/(expenses) (10) (1,641) (1,282)
PROFIT/(LOSS) BEFORE TAXES   2,036 2,185
Income taxes (11) 625 534
PROFIT/(LOSS) FROM CONTINUING OPERATIONS   1,411 1,651
Post-tax profit/(loss) from Discontinued Operations   - -
PROFIT/(LOSS)   1,411 1,651
       
PROFIT/(LOSS) ATTRIBUTABLE TO:      
Owners of the parent   348 1,334
Non-controlling interests   1,063 317
       
PROFIT/(LOSS) FROM CONTINUING OPERATION ATTRIBUTABLE TO:      
Owners of the parent   348 1,334
Non-controlling interests   1,063 317
       
(in €)     
BASIC EARNINGS/(LOSS) PER ORDINARY SAHRE (13) 0.286 1.071
BASIC EARNINGS/(LOSS) PER PREFERENCE SHARE (A) (13) - 1.071
BBASIC EARNINGS/(LOSS) PER SAVINGS SHARE (A) (13) - 1.18
DILUTED EARNINGS/(LOSS) PER ORDINARY SHARE
(13) 0.284 1.063
DILUTED EARNINGS/(LOSS) PER PREFERENCE SHARE (A) (13) - 1.063
DILUTED EARNINGS/(LOSS) PER SAVINGS SHARE (A) (13) - 1.172
(*) Pursuant to Consob Resolution 15519 of 27 July 2006, the effects of related party transactions on the consolidated income statement are presented in the specific Income Statement schedule provided in the following pages and are further described in Note 37. (**) The amounts reported include seven months of operations for Chrysler from 1 June 2011. (a) Please note that the conversion of all preference and savings shares into Fiat S.p.A. ordinary shares took place in 2012.

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