Income statement(*)

(figures in €) Note 2012 2011
Dividends and other income from investments (1) 1,030,495,113 388,165,874
Impairment (losses)/reversals on investments (2) (962,878,584) 157,456,000
Gains/(losses) on disposals (3) - 14,703,207
Other operating income (4) 77,373,928 45,331,282
Personnel costs (5) (36,054,496) (35,171,574)
Other operating costs (6) (76,259,449) (80,473,290)
Financial income/(expense) (7) (216,079,567) (434,646,466)
PROFIT/(LOSS) BEFORE TAXES   (183,403,055) 55,365,033
Income taxes  (8) 31,053,057 43,800,587
PROFIT/(LOSS) FROM CONTINUING OPERATIONS   (152,349,998) 99,165,620
Profit/(loss) from discontinued operations   - -
PROFIT/(LOSS)   (152,349,998) 99,165,620
(*) Pursuant to Consob Resolution 15519 of 27 July 2006, the effects of related-party transactions on Fiat S.p.A.’s Income Statement are presented in a specific income statement provided on the following pages and commented on in the note for the relevant line item and in Note 29.

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