34. Segment reporting

The regions and operating segments, as defined at the beginning of this Notes (section – Segment reporting), reflect the components of the Group that are regularly reviewed by the Chief Executive Officer together with the Group Executive Council for making strategic decisions, allocating resources and assessing performance.

Transactions among regions generally are presented on a “where-sold” basis, which reflects the profit/(loss) on the ultimate sale to the external customer within the region. This presentation generally eliminates the effect of the legal entity transfer price within the regions. For the regions which also provide financial services activities, revenues and costs also include interest income and expense and other financial income and expense arising from those activities.

Revenues, Trading profit/(loss) and EBIT of the other operating segments are those directly generated by or attributable to the segment as the result of its usual business activities and include revenues from transactions with third parties as well as those arising from transactions with regions and other operating segments, recognized at normal market prices. For Luxury Brands segment which also provides financial services activities, revenues and costs include interest income and expense, and other financial income and expense arising from those activities.

Other activities include the results of the activities and businesses that are not an operating segment under IFRS 8, the Unallocated items and adjustments include consolidation adjustments and eliminations in addition to financial income and expense and income taxes that are not attributable to the performance of the segments and are subject to separate assessment by the Chief Executive Officer.

Operating assets are not included in the data reviewed by the Chief Executive Officer, consequently, as permitted by IFRS 8, the related information is not provided.

Details of the Income statement by segments in 2013 and 2012 are as follows:

 Car Mass-Market brands      
(€ million)NAFTALATAMAPACEMEALuxury BrandsComponentsOther activitiesUnallocated
items & adjustments
Fiat Groupof which: Fiat Group excluding Chrysler
2013    
Revenues 45,777 9,973 4,621 17,420 3,809 8,080 929 -3,793 86,816 35,593
Revenues from transactions with regions and other operating segments (173) (100) (1) (640) (33) (2,395) (451) 3,793 - (1,635)
Revenues from external customers 45,604 9,873 4,620 16,780 3,776 5,685 478 - 86,816 33,958
Trading profit/(loss) 2,220 619 358 (470) 535 201 (67) -2 3,394 246
Profit/(loss) from investments (1) - (39) 145 - 5 (13) - 97 103
Unusual income/(expense) 71 (127) (1) (195) (65) (60) (87) (55) (519) (537)
EBIT 2,290 492 318 (520) 470 146 (167) (57) 2,972 (188)
Financial income/(expense)                 (1,964) (989)
Profit/(loss) before taxes                 1,008 (1,177)
Tax (income)/expenses                 (943) (736)
Profit/(loss) for the period 1,951 (441)

 Car Mass-Market brands   
(€ million)NAFTALATAMAPACEMEALuxury BrandsComponentsOther activitiesUnallocated
items & adjustments
Fiat Groupof which: Fiat Group excluding Chrysler
2012                    
Revenues 43,521 11,062 3,128 17,800 2,898 8,030 979 -3,461 83,957 35,566
Revenues from transactions with regions and other operating segments (27) (89) (2) (543) (11) (2,341) (448) 3,461 - (893)
Revenues from external customers 43,494 10,973 3,126 17,257 2,887 5,689 531 - 83,957 34,673
Trading profit/(loss) 2,443 1,056 260 (703) 392 174 (85) 4 3,541 338
Profit/(loss) from investments - - (5) 160 - 2 (52) 2 107 110
Unusual income/(expense) 48 (31) - (194) - (11) (12) (44) (244) (261)
EBIT 2,491 1,025 255 (737) 392 165 -149 (38) 3,404 187
Financial income/(expense) (1,885) (817)
Profit/(loss) before taxes                 1,519 (630)
Tax (income)/expenses 623 418
Profit/(loss) for the period 896 (1,048)

Unallocated items, and in particular financial income/(expenses), are not attributed to the regions and operating segments as they do not fall under the scope of their operational responsibilities and are therefore assessed separately. These items arise from the management of treasury assets and liabilities by the treasuries of Fiat and Chrysler, which work independently and separately within the Group.

The Group’s treasury assets and liabilities are as follows, as presented in the Report on operations:

 NoteAt 31 december 2013  At 31 december 2012 
(€ million) Fiat GroupChryslerFiat excluding ChryslerFiat GroupChryslerFiat excluding Chrysler
Debt: (27) (29,902) (9,544) (20,451) (27,889) (10,312) (17,586)
Asset-backed financing   (596) - (596) (449) - (449)
Bonds. bank loans and other debt   (29,306) (9,544) (19,855) (27,440) (10,312) (17,137)
Current financial receivables from jointly controlled financial services companies (a)   27 - 27 58 - 58
Intersegment financial receivables (b)   - 7 86 - 9 -
Debt. net of current financial receivables from jointly controlled financial services companies and intersegment financial receivables   (29,875) (9,537) (20,338) (27,831) (10,303) (17,528)
Other financial assets (c) (20) 533 97 436 519 45 474
Other financial liabilities (c) (20) (137) (21) (116) (201) (42) (159)
Current securities (19) 247 - 247 256 - 256
Cash and cash equivalents (21) 19,439 9,676 9,763 17,657 8,803 8,854
(Net debt)/Net cash   (9,793) 215 (10,008) (9,600) (1,497) (8,103)
Industrial Activities   (6,649) 215 (6,864) (6,545) (1,497) (5,048)
Financial Services   (3,144) - (3,144) (3,055) - (3,055)
Cash. cash equivalents and current securities   19,686 9,676 10,010 17,913 8,803 9,110
Undrawn committed credit lines   3,043 943 2,100 2,935 985 1,950
Total available liquidity   22,729 10,619 12,110 20,848 9,788 11,060

(a)   Includes current financial receivables from FGA Capital.

(b)   Relates to intragroup manufacturing agreements reclassified as finance leases in accordance with IFRIC 4, in addition to receivables relating to factoring transactions between Chrysler Group companies and Fiat Group financial services companies in EMEA.

(c)   Includes fair value of derivative financial instruments.

Information about geographical area

Total Non-current assets (excluding financial assets, deferred tax assets and post-employment benefits assets) located in Italy totaled €10,555 million at 31 December 2013 (€9,852 million at 31 December 2012). Non-current assets attributed to all foreign countries totaled €33,709 million at 31 December 2013 (€33,352 million 31 December 2012) and may be analyzed as follow: United States, Canada and Mexico €26,689 million (€26,733 million at 31 December 2012), Brazil €2,955 million (€2,306 million at 31 December 2012), Poland €1,277 million (€1,455 million at 31 December 2012) and Serbia €1,007 million (€985 million at 31 December 2012).