Flujos de Caja

Entradas Ventas Canadienses Devolucin por impuestos

Monto al 30 de septiembre 2001

10,564 1,049

Cuenta balance general

Activos Efectivo y equivalentes Cuentas y pagars por cobrar Impuesto sobre la renta diferidos Activo de pensin

Monto al 30 de septiembre 2001

683 271 118 1,525

Salidas Compras de Materiales Castos de capital Otros costos estructurales Gastos de impuestos Otros gastos Pronstico flujo de caja 12 meses (10,180) (113) (1,737) (1,258) (6) (1,682) Pasivos Outside all other Other postretirement benefits Warranty Accounts payable and other Pronstico de Activo/Pasio monetario en CAD (93) (1,949) (132) (2,565) (2,143)

Riesgo Transaccional

Riesgo Transnacional

50.0% 3.1% Commercial exposure Pronstico flujo de caja 12 meses Cantidad de cobertura terica a (CAD) Cobertura por cambis divisas (CAD) Cobertura de riesgo por cambio NETO GM Worldwide US GAPP FX exposure GM Worldwide US GAPP FX exposure (CAD) Earnings impact on GM Worldwide GM Worldwide FX gain/(loss) FX gain/(loss) on hedges GM Worldwide pre-tax income impact GM Worldwide after-tax (35%) income impact (43.4) 17.0 (26.4) (17.2) (2,143) (1,682) (841) 841 (841)

3.10%

75.0% 3.1%

3.1%

(1,682) (841) 841 (841)

(1,682) (1,261) 1,261 (420)

(1,682) (1,261) 1,261 (420)

(2,143)

(2,143)

(2,143)

40.8 (16.0) 24.8 16.1

(43.4) 25.6 (17.9) (11.6)

40.8 (24.0) 16.8 10.9

Scenario CAD/USD FX rate Range CAD/USD FX rate - sensitivity 1.5780 (3.1%) 1.5291 1.5780 3.1% 1.6269 1.5780 (3.1%) 1.5291 1.5780 3.1% 1.6269

ARS Monetary Assets

Scrap incentive owed by govt. Interest subsidy owed by govt. VAT credit and other tax owed by govt. Receivable (tax credit reimbursement) Other Total 45.8 3.2 130.6 2.7 7.8 190.0

ARS Monetary Liabilities

Payables to local suppliers Provisions to local suppliers ARS loan (VAT financing) Other provisions Tax payable Total 24.1 11.3 13.7 9.8 2.0 60.9

USD Monetary Assets

Cash Receivables Total 2.5 20.5 23.0

USD Monetary Liabilities

Accounts payable Loans Total 224.5 101.3 325.7

GM Argentina Net functional currency asset (liability) Net foreign currency asset (liability) Exchange rate GM Worldwide (USD) Pre-tax income statement impact Tax rate After-tax income statement impact GM shares outstanding (millions) EPS IMPACT

(302.8) 129.1 2.0

64.6 35.0% 42.0 550.0 $0.08