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Financial Statements 2013 1.33 MB AIRBUS GROUP – FINANCIAL STATEMENTS FINANCIAL FINANCIAL STATEMENTS 2013 1 2 3 4 5 Q Back to Contents FINANCIAL STATEMENTS 2013 1 EADS N.V. — Consolidated Financial Statements (IFRS) 5 2 Notes to the Consolidated Financial Statements (IFRS) 13 3 EADS N.V. — Auditors’ report on the Consolidated Financial Statements (IFRS) 111 4 Company Financial Statements 115 5 Notes to the Company Financial Statements 119 AIRBUS GROUP FINANCIAL STATEMENTS 2013 — 3 1 4 — AIRBUS GROUP FINANCIAL STATEMENTS 2013 1 2 3 4 5 Q Back to Contents EADS N.V. — Consolidated Financial Statements (IFRS) EADS N.V. — Consolidated Income Statements (IFRS) for the years ended 31 December 2013, 2012 and 2011 6 EADS N.V. — Consolidated Statements of Comprehensive Income (IFRS) for the years ended 31 December 2013, 2012 and 2011 7 EADS N.V. — Consolidated Statements of Financial Position (IFRS) at 31 December 2013 and 2012 8 EADS N.V. — Consolidated Statements of Cash Flows (IFRS) for the years ended 31 December 2013, 2012 and 2011 9 EADS N.V. — Consolidated Statements of Changes in Equity (IFRS) for the years ended 31 December 2013, 2012 and 2011 10 AIRBUS GROUP FINANCIAL STATEMENTS 2013 — 5 1 2 3 4 5 Q Back to Contents EADS N.V. — Consolidated Financial Statements (IFRS) EADS N.V. — Consolidated Income Statements (IFRS) for the years ended 31 December 2013, 2012 and 2011 (In € million) Note 2013 2012 2011 Revenues 5, 6 59,256 56,480 49,128 Cost of sales(1) 7 (50,895) (48,582) (42,351) Gross margin(1) 8,361 7,898 6,777 Selling expenses (1,217) (1,192) (981) Administrative expenses(1) (1,696) (1,677) (1,433) Research and development expenses 8 (3,160) (3,142) (3,152) Other income 9 236 184 359 Other expenses 10 (263) (229) (221) Share of profit from associates accounted for under the equity method 11 295 241 164 Other income from investments 11 51 628 Profit before finance costs and income taxes(1) 5 2,607 2,089 1,541 Interest income 168 237 377 Interest expense (497) (522) (364) Other financial result (301) (168) (233) Total finance costs 12 (630) (453) (220) Income taxes(1) 13 (502) (438) (337) Profit for the period(1) 1,475 1,198 984 Attributable to: Equity owners of the parent (Net income)(1) 1,465 1,197 980 Non-controlling interests 10 14 Earnings per share € €€ Basic(1) 38 1.85 1.46 1.21 Diluted(1) 38 1.84 1.46 1.20 (1) Previous years’ figures adjusted due to revised IAS 19. The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS). 6 — AIRBUS GROUP FINANCIAL STATEMENTS 2013 1 2 3 4 5 Q Back to Contents EADS N.V. — Consolidated Financial Statements (IFRS) EADS N.V. — Consolidated Statements of Comprehensive Income (IFRS) 1 for the years ended 31 December 2013, 2012 and 2011 (In € million) 2013 2012 2011 Profit for the period 1,475 1,198 984 Other comprehensive income Items that will not be reclassified to profit or loss: Remeasurement of the defined benefit liability (asset)(1) (72) (987) (677) Remeasurement of the defined benefit liability (asset) from investments using the equity method 4 (85) 1 Related tax on items that will not be reclassified to profit or loss(1) 20 335 148 Items that will be reclassified to profit or loss: Foreign currency translation differences for foreign operations (146) (47) (25) Effective portion of changes in fair value of cash flow hedges 1,841 1,047 (365) Net change in fair value of cash flow hedges transferred to profit or loss 450 917 (171) Net change in fair value of available-for-sale financial assets 11 189 (20) Net change in fair value of available-for-sale financial assets transferred to profit or loss (30) 00 Changes in other comprehensive income from investments accounted for using the equity method (7) (126) 128 Related tax on income and expense recognise d directly in equity (711) (625) 165 Other comprehensive income, net of tax 1,360 618 (816) Total comprehensive income of the period 2,835 1,816 168 Attributable to: Equity owners of the parent(1) 2,833 1,817 162 Non-controlling interests 2 (1) 6 (1) Previous year s’ figures adjusted due to revised IAS 19. The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS). AIRBUS GROUP FINANCIAL STATEMENTS 2013 — 7 1 2 3 4 5 Q Back to Contents EADS N.V. — Consolidated Financial Statements (IFRS) EADS N.V. — Consolidated Statements of Financial Position (IFRS) at 31 December 2013 and 2012 (In € million) Note 2013 2012 Assets Non-current assets Intangible assets 14 13,653 13,429(1) Property, plant and equipment 15 15,856 15,196 Investment property 16 69 72 Investments in associates accounted for under the equity method 17 2,902 2,662 Other investments and other long-term financial assets 17 1,864 2,115 Non-current other financial assets 20 2,076 1,386 Non-current other assets 21 1,653 1,415 Deferred tax assets 13 3,840 4,532(1) Non-current securities 22 4,300 5,987 46,213 46,794(1) Current assets Inventories 18 25,060 23,216 Trade receivables 19 7,239 6,788(1) Current portion of other long-term financial assets 17 181 287 Current other financial assets 20 1,557 1,448 Current other assets 21 2,074 2,046 Current tax assets 632 458 Current securities 22 2,590 2,328 Cash and cash equivalents 31 7,76 5 8,756 47,098 45,327(1) Total assets 93,311 92,121(1) Equity and liabilities Equity attributable to equity owners of the parent Capital stock 783 827 Share premium 5,049 7,253 Retained earnings 2,300 894(1) Accumulated other comprehensive income 2,929 1,513 Treasury shares (50) (84) 11,011 10,403(1) Non-controlling interests 43 17(1) Total equity 23 11,054 10,420(1) Non-current liabilities Non-current provisions 25 10,046 9,850(1) Long-term financing liabilities 26 3,956 3,506 Non-current other financial liabilities 27 7,158 7,458 Non-current other liabilities 28 10,790 10,524 Deferred tax liabilities 13 1,487 1,502(1) Non-current deferred income 30 239 212 33,676 33,052(1) Current liabilities Current provisions 25 5,323 6,039(1) Short-term financing liabilities 26 1,645 1,273 Trade liabilities 29 10,372 9,921(1) Current other financial liabilities 27 1,467 1,715 Current other liabilities 28 28,159 28,183 Current tax liabilities 616 458 Current deferred income 30 999 1,060 (1) 48,581 48,649(1) Total liabilities 82,257 81,701(1) Total equity and liabilities 93,311 92,121(1) (1) Previous year’s figures adjusted due to revised IAS 19 and due to PPA adjustments of prior year’s acquisitions (Please refer to “Notes to the Consolidated Financial Statements (IFRS) – Note 2 a ). The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS). 8 — AIRBUS GROUP FINANCIAL STATEMENTS 2013 1 2 3 4 5 Q Back to Contents EADS N.V. — Consolidated Financial Statements (IFRS) EADS N.V. — Consolidated Statements of Cash Flows (IFRS) 1 for the years ended 31 December 2013, 2012 and 2011 (In € million) Note 2013 2012 2011 Profit for the period attributable to equity owners of the parent (Net income)(1) 1,465 1,197 980 Profit for the period attributable to non-controlling interests 10 14 Adjustments to reconcile profit for the period to cash provided by operating activities: Interest income (168) (237) (377) Interest expense 497 522 364 Interest received 119 198 417 Interest paid (323) (351) (307) Income tax expense(1) 502 438 337 Income taxes paid (243) (219) (100) Depreciation and amortisation 1,968 2,053 1,884 Valuation adjustments 16 318 (408) Results on disposals of non-current assets (58) (21) (29) Results of companies accounted for by the equity method (295) (241) (164) Change in current and non-current provisions(1) 605 258 302 Change in other operating assets and liabilities: (2,164) (76) 1,386 ¬ Inventories (3,151) (1,526) (1,640) ¬ Trade receivables (58) (260) 447 ¬ Trade liabilities 584 754 806 ¬ Advance payments received 513 1,243 1,965 ¬ Other assets and liabilities 267 (141) (327) ¬ Customer financing assets (214) 30 246 ¬ Customer financing liabilities (105) (176) (111) Cash provided by operating activities 1,931 3,840 4,289 Investments: ¬ Purchases of intangible assets, Property, plant and equipment (2,949) (3,270) (2,197) ¬ Proceeds from disposals of intangible assets, Property, plant and equipment 60 73 79 ¬ Acquisitions of subsidiaries, joint ventures, businesses and non-controlling interests (net of cash) 31 (16) (201) (1,535) ¬ Proceeds from disposals of subsidiaries (net of cash) 31 0 018 ¬ Payments for investments in associates, other investments and other long-term financial assets (292) (328) (312) ¬ Proceeds from disposals of associates, other investments and other long-term financial assets 157 232 77 ¬ Dividends paid by companies valued at equity 52 46 50 Payments for investments in securities (1,401) (3,237) (11,091) Proceeds from disposals of securities 2,673 6,659 10,713 Change in cash from changes in consolidation (26) 00 Cash (used for) investing activities (1,742) (26) (4,198) Increase in financing liabilities 1,679 380 813 Repayment of financing liabilities (534) (505) (399) Cash distribution to EADS N.V. shareholders (467) (369) (178) Dividends paid to non-controlling interests (2) (10) (5) Changes in capital and non-controlling interests 171 144 (65) Change in treasury shares (1,915) (5) (1) Cash (used for) provided by financing activities (1,068) (365) 165 Effect of foreign exchange rate changes and other valuation adjustments on cash and cash equivalents (112) 23 (2) Net (decrease) increase in cash and cash equivalents (991) 3,472 254 Cash and cash equivalents at beginning of period 8,756 5,284 5,030 Cash and cash equivalents at end of period 7,765 8,756 5,284 (1) Previous years’ figures adjusted due to revised IAS 19 and due to PPA adjustments of prior year’s acquisitions.
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