INCOME STATEMENT(*)

 (figures in €)    Note   2010   2009 
 Dividends and other income from investments    (1  428,723,556   1,259,831,240  
 Impairment (losses)/reversals on investments    (2  155,700,000   (858,000,000)  
 Gains/(losses) on disposals    (3  5,748   - 
 Other operating income    (4  61,762,491   75,431,036 
 Personnel costs    (5  (43,384,892)   (31,587,673) 
 Other operating costs    (6  (101,590,587)    (85,905,353) 
 Financial income/(expense)    (7  (93,034,966)   (13,690,556) 
 PROFIT/(LOSS) BEFORE TAXES      408,181,350   346,078,694 
 Income taxes   (8  33,778,159   (6,115,156) 
 PROFIT/(LOSS) FROM CONTINUING OPERATIONS      441,959,509   339,963,538 
 Profit/(loss) from discontinued operations      -   - 
 PROFIT/(LOSS)    441,959,509   339,963,538 
(*) Pursuant to Consob Resolution 15519 of 27 July 2006, the effects of transactions with related parties 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 notes to individual line items and Note 30.

© 2011 FIAT S.p.A - P.IVA 00469580013