Income Statement (*)

(figures in €)Note20132012 (**)
Dividends and other income from investments (1) 536,321,603 1,030,495,113
Impairment (losses)/reversals on investments (2) (540,400,000) (962,878,584)
Gains/(losses) on disposals (3) 972,532 -
Other operating income (4) 82,823,765 77,373,928
Personnel costs (5) (38,682,648) (36,006,594)
Other operating costs (6) (72,194,643) (76,259,449)
Financial income/(expense) (7) (210,087,105) (216,079,567)
PROFIT/(LOSS) BEFORE TAXES (241,247,496) (183,355,153)
Income taxes (8) 14,549,878 31,053,057
PROFIT/(LOSS) FROM CONTINUING OPERATIONS (226,697,618) (152,302,096)
Profit/(loss) from discontinued operations - -
PROFIT/(LOSS) (226,697,618) (152,302,096)

(*) 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 to the relevant line item and Note 29.

(**) Following application of the amendment to IAS 19 (retrospectively) from 1 January 2013, comparative figures for 2012 have been restated as required by IAS 1. That restatement resulted in a €47,902 reduction in reported loss for the year attributable to lower personnel costs. Further information is provided in “Accounting standards and amendments adopted from 1 January 2013”.