FORD MOTOR CO | 2013 | FY | 3

EQUITY IN NET ASSETS OF AFFILIATED COMPANIES

We use the equity method of accounting for our investments in entities over which we do not have control, but over whose operating and financial policies we are able to exercise significant influence.

Ownership Percentages and Investment Balances

The following table reflects our ownership percentages and carrying value of our equity method investments (in millions, except percentages):
 
Ownership Percentage
 
Investment Balance
Automotive Sector
December 31,
2013
 
December 31,
2013
 
December 31,
2012
Changan Ford Automobile Corporation, Ltd (“CAF”)
50.0
%
 
$
1,429

 
$
990

Jiangling Motors Corporation, Ltd (“JMC”) (a)
32.0

 
535

 
419

FordSollers Netherlands B.V. (“FordSollers”)
50.0

 
376

 
407

Ford Otomotiv Sanayi Anonim Sirketi (“Ford Otosan”)
41.0

 
336

 
394

AutoAlliance (Thailand) Co., Ltd.
50.0

 
395

 
391

Getrag Ford Transmissions GmbH (“GFT”)
50.0

 
249

 
242

Tenedora Nemak, S.A. de C.V.
6.8

 
79

 
73

Ford Romania S.A. (“Ford Romania”) (a)
100.0

 
—

 
63

Changan Ford Mazda Engine Company, Ltd.
25.0

 
59

 
50

DealerDirect LLC
97.7

 
25

 
25

OEConnection LLC
50.0

 
28

 
20

Blue Diamond Truck, S. de R.L. de C.V.
25.0

 
8

 
11

Percepta, LLC
45.0

 
9

 
9

Ford Performance Vehicles Pty Ltd.
49.0

 
—

 
5

Automotive Fuel Cell Cooperation Corporation
49.9

 
8

 
5

Blue Diamond Parts, LLC
25.0

 
3

 
4

Other
Various

 
7

 
4

Total Automotive sector
 

 
3,546

 
3,112

Financial Services Sector
 

 
 

 
 

Forso Nordic AB
50.0

 
72

 
71

FFS Finance South Africa (Pty) Limited
50.0

 
43

 
39

RouteOne LLC
30.0

 
14

 
20

CNF-Administradora de Consorcio Nacional Ltda.
33.3

 
4

 
4

Total Financial Services sector
 

 
133

 
134

Total Company
 

 
$
3,679

 
$
3,246

__________
(a)
See Note 23 for additional information.

We received $529 million, $610 million, and $316 million of dividends from these affiliated companies for the years ended December 31, 2013, 2012, and 2011, respectively.
NOTE 10.  EQUITY IN NET ASSETS OF AFFILIATED COMPANIES (Continued)

Summarized Financial Results of Unconsolidated Affiliates

A summary of 100% of the financial results of our equity method investees in the aggregate is as follows (in millions):
Summarized Balance Sheet
December 31, 2013
 
December 31, 2012
Current assets
$
10,424

 
$
9,561

Non-current assets
13,872

 
12,059

Total assets
$
24,296

 
$
21,620

 
 
 
 
Current liabilities
$
11,130

 
$
10,172

Non-current liabilities
4,986

 
4,662

Total liabilities
$
16,116

 
$
14,834

 
 
 
 
Equity attributable to non-controlling interests
$
6

 
$
24

 
 
 
 
 
 
 
For the years ended December 31,
Summarized Income Statement
2013
 
2012
 
2011
Total revenue
$
38,736

 
$
33,051

 
$
31,178

Income before income taxes
2,815

 
1,896

 
1,822

Net income
2,587

 
1,616

 
1,512



Related Party Transactions

In the ordinary course of business we buy/sell various products and services including vehicles, parts, and components to/from our equity method investees. In addition, we receive royalty income.

Transactions with equity method investees reported on our consolidated income statement and balance sheet were as follows (in millions):
 
For the years ended December 31,
Income Statement
2013
 
2012
 
2011
Sales
$
6,421

 
$
5,491

 
$
4,957

Purchases
10,536

 
10,007

 
9,907

Royalty income
526

 
369

 
224


Balance Sheet
December 31, 2013
 
December 31, 2012
Receivables
$
953

 
$
1,179

Payables
724

 
707

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