Consolidated Income Statement (*)

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Charleen Crawford
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1 130 Income Statement Income Statement (*) ( million) Note (*) 2010 Net revenues (1) 59,559 35,880 Cost of sales (2) 50,704 30,718 Selling, general and administrative costs (3) 5,047 2,956 Research and development costs (4) 1,367 1,013 Other income (expenses) (5) (49) (81) TRADING PROFIT/(LOSS) 2,392 1,112 Gains (losses) on the disposal of investments (6) Restructuring costs (7) Other unusual income (expenses) (8) 1,025 (14) OPERATING PROFIT/(LOSS) 3, income (expenses) (9) (1,282) (400) Result from investments: (10) Share of the profit/(loss) of investees accounted for using the equity method Other income (expenses) from investments (15) (6) PROFIT/(LOSS) BEFORE TAXES 2, Income taxes (11) PROFIT/(LOSS) FROM CONTINUING OPERATIONS 1, Post-tax profit/(loss) from Discontinued Operations (23) PROFIT/(LOSS) 1, PROFIT/(LOSS) ATTRIBUTABLE TO: Owners of the parent 1, Non-controlling interests PROFIT/(LOSS) FROM CONTINUING OPERATION ATTRIBUTABLE TO: Owners of the parent 1, Non-controlling interests (in ) BASIC EARNINGS/(LOSS) PER ORDINARY AND PREFERENCE SHARE (13) BASIC EARNINGS/(LOSS) PER SAVINGS SHARE (13) DILUTED EARNINGS/(LOSS) PER ORDINARY AND PREFERENCE SHARE (13) DILUTED EARNINGS/(LOSS) PER SAVINGS SHARE (13) (*) Pursuant to Consob Resolution 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.

2 Statement of Comprehensive Income 131 Statement of Comprehensive Income ( million) Note (*) 2010 PROFIT/(LOSS) (A) 1, Gains/(Losses) on cash flow hedges (24) (160) 171 Gains/(Losses) on fair value of available-for-sale financial assets (24) (42) (3) Gains/(Losses) on exchange differences on translating foreign operations (24) Share of other comprehensive income of entities accounted for using the equity method (24) (63) 100 Income tax relating to components of Other comprehensive income (24) 15 3 TOTAL OTHER COMPREHENSIVE INCOME, NET OF TAX (B) 202 1,040 TOTAL COMPREHENSIVE INCOME (A)+(B) 1,853 1,640 TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO: Owners of the parent 1,203 1,503 Non-controlling interests (*) The amounts reported include seven months of operations for Chrysler from 1 June.

3 132 Statement of Position Statement of Position (*) ( million) Note (**) 2010 ASSETS Intangible assets 18,200 4,350 Goodwill and intangible assets with indefinite useful lives (14) 13,213 1,083 Other intangible assets (15) 4,987 3,267 Property, plant and equipment (16) 20,785 9,601 Investments and other financial assets: (17) 2,660 1,653 Investments accounted for using the equity method 1,579 1,465 Other investments and financial assets 1, Leased assets 45 - Defined benefit plan assets Deferred tax assets (11) 1,690 1,678 Total Non-current assets 43,477 17,302 Inventories (18) 9,123 4,443 Trade receivables (19) 2,625 2,259 Receivables from financing activities (19) 3,968 2,866 receivables from Discontinued Operations - 5,626 Current tax receivables (19) Other current assets (19) 2,088 1,528 Current financial assets: Current investments Current securities (20) Other financial assets (21) Cash and cash equivalents (22) 17,526 11,967 Total Current assets 36,488 29,777 Assets held for sale and Discontinued Operations (23) 66 34,854 Elimination of financial receivables and debt due from/payable to Discontinued Operations - (8,491) TOTAL ASSETS 80,031 73,442 Total assets adjusted for asset-backed financing transactions 79,321 64,588 (*) Pursuant to Consob Resolution of 27 July 2006, the effects of related party transactions on the consolidated Statement of Position are presented in the specific Statement of financial position schedule provided in the following pages and are further described in Note 37. (**) The amounts reported at 31December include the consolidation of Chrysler from 1 June.

4 Statement of Position 133 Statement of Position (continued) ( million) Note (**) 2010 EQUITY AND LIABILITIES Equity: (24) 12,260 12,461 Equity attributable to owners of the parent 8,727 11,544 Non-controlling interests 3, Provisions: 15,624 4,924 Employee benefits (26) 7,026 1,704 Other provisions (27) 8,598 3,220 Debt: 26,772 20,804 Asset-backed financing (28) Other debt (28) 26,062 17,406 Debt payable to Discontinued Operations - 2,865 Other financial liabilities (21) Trade payables (29) 16,418 9,345 Current tax payables Deferred tax liabilities (11) Other current liabilities (30) 7,538 3,908 Liabilities held for sale and Discontinued Operations (23) - 29,920 Elimination of financial receivables and debt due from/payable to Discontinued Operations - (8,491) TOTAL EQUITY AND LIABILITIES 80,031 73,442 Total equity and liabilities adjusted for asset-backed financing transactions 79, (**) The amounts reported at 31December include the consolidation of Chrysler from 1 June.

5 134 Statement of Cash Flows Statement of Cash Flows (*) ( million) Note (**) 2010 A) CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR (22) 11,967 12,226 B) CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES DURING THE YEAR: Profit/(loss) from Continuing Operations 1, Amortisation and depreciation 3,358 2,186 (Gains) losses on disposal of: Property, plant and equipment and intangible assets 21 (3) Investments (21) (12) Other non-cash items (31) (1,106) 89 Dividends received Change in provisions (116) 283 Change in deferred taxes (19) (199) Change in items due to buy-back commitments (31) (62) 4 Change in operating lease items (31) (28) - Change in working capital 1, Cash flows from (used in) the operating activities of Discontinued Operations - 2,537 TOTAL 5,195 6,110 C) CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES: Investments in: Property, plant and equipment and intangible assets (5,528) (2,864) Investments in consolidated subsidiaries (22) (38) Other investments (120) (121) Cash and cash equivalents from consolidation of Chrysler, net of consideration paid for the additional 16% ownership interest (31) 5,624 - Proceeds from the sale of: Property, plant and equipment and intangible assets Investments in consolidated subsidiaries 29 - Other investments Net change in receivables from financing activities (1,218) (594) Change in current securities (14) 24 Other changes (29) 150 Cash flows from (used in) the investing activities of Discontinued Operations - (443) TOTAL (858) (3,829) D) CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: New issuance of bonds 2,500 - Repayment of bonds (2,448) (1,195) Issuance of other medium-term borrowings 2,149 1,210 Repayment of other medium-term borrowings (3,895) (1,016) Changes in net financial receivables from Fiat Industrial group 2,761 - Net change in other financial payables and other financial assets/liabilities Increase in share capital 41 1 Dividends paid (181) (239) (Purchase)/sale of ownership interests in subsidiaries (31) (438) (124) Cash flows from (used in) the financing activities of Discontinued Operations - 2,084 TOTAL Translation exchange differences E) TOTAL CHANGE IN CASH AND CASH EQUIVALENTS 5,559 3,427 F) CASH AND CASH EQUIVALENTS AT END OF THE YEAR (22) 17,526 15,653 of which: Cash and cash equivalents included as Assets held for sale and Discontinued Operations - 3,686 G) CASH AND CASH EQUIVALENTS AT END OF THE YEAR AS REPORTED (22) 17,526 11,967 (*) Pursuant to Consob Resolution of 27 July 2006, the effects of related party transactions on the consolidated statement of cash flows are presented in the specific Statement of Cash Flows schedule provided in the following pages. (**) Cash flows for include the consolidation of Chrysler from 1 June.

6 Statement of Changes in Equity 135 Statement of Changes in Equity Cash flow hedge reserve Cumulative translation adjustment reserve Available for sale financial assets reserve Cumulative share of OCI of entities consolidated under the equity method Noncontrolling interests Share Treasury Capital Earning ( million) capital shares reserves reserves Total AT 1 JANUARY ,377 (657) 682 3,804 (219) (81) ,115 Changes in equity for 2010 Capital increase Dividends accrued or distributed (237) (2) (239) Purchase and sale of shares in subsidiaries from/to non-controlling interests - - (81) (38) (119) Increase in the reserve for share-based payments Total comprehensive income (4) ,640 Other changes AT 31 DECEMBER ,377 (657) 601 4,145 (45) 1,111 (2) ,461 Changes in equity for Effects of the Demerger Direct effects of the Demerger (1,913) - (457) (1,216) 23 (398) - (31) (724) (4,716) Effects of the demerger on Treasury shares and on the Fiat S.p.A. Reserve for Share based payments (185) Capital increase Increase in share capital due to the exercising of stock option Dividends distributed (152) (29) (181) Net Increase in the Reserve for share-based payments Non-controlling interest arising from the consolidation of Chrysler ,112 3,112 Purchase and sale of shares in subsidiaries from/to non-controlling interests (83) (426) (509) Total comprehensive income ,334 (148) 121 (41) (63) 650 1,853 Other changes (3) 13 AT 31 DECEMBER 4,466 (289) 147 3,862 (170) 834 (43) (80) 3,533 12,260

Statement of Earnings

audited financial statements Statement of Earnings General Electric Company and consolidated affiliates For the years ended December 31 (In millions; per-share amounts in dollars) 2009 2008 2007 Revenues