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Consolidated Financial Statements

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Consolidated Financial Statements Air France-KLM Group CONSOLIDATED FINANCIAL STATEMENTS Prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Commission for use in the European Union January 1, 2017 – December 31, 2017 - 1 - 15/02/2018 Air France-KLM Group Table of contents CONSOLIDATED INCOME STATEMENT ................................................................................................. - 5 - CONSOLIDATED STATEMENT OF RECOGNIZED INCOME AND EXPENSES ............................... - 6 - CONSOLIDATED BALANCE SHEET .......................................................................................................... - 7 - CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY .............................. - 9 - CONSOLIDATED STATEMENT OF CASH FLOWS .............................................................................. - 10 - 1. BUSINESS DESCRIPTION ....................................................................................................................... - 13 - 2. RESTATEMENT OF ACCOUNTS 2016 ................................................................................................. - 13 - 3. SIGNIFICANT EVENTS ........................................................................................................................... - 14 - 3.1. Events occurring during the period ................................................................................................... - 14 - 3.2. Subsequent events ............................................................................................................................... - 15 - There have been no significant events since the closing of the financial year. ............................................ - 15 - 4. ACCOUNTING POLICIES ....................................................................................................................... - 15 - 4.1. Accounting principles .......................................................................................................................... - 15 - 4.2. Use of estimates .................................................................................................................................... - 20 - 4.3. Consolidation principles ..................................................................................................................... - 21 - 4.4. Translation of foreign companies’ financial statements and transactions in foreign currencies . - 22 - 4.5. Business combinations ........................................................................................................................ - 22 - 4.6. Sales ...................................................................................................................................................... - 23 - 4.7. Loyalty programs ................................................................................................................................ - 23 - 4.8. Distinction between income from current operations and income from operating activities ....... - 24 - 4.9. Aggregates used within the framework of financial communication .............................................. - 24 - 4.10. Earnings per share ............................................................................................................................ - 24 - 4.11. Financial instruments, valuation of financial assets and liabilities ............................................... - 24 - 4.12. Goodwill ............................................................................................................................................. - 26 - 4.13. Intangible assets ................................................................................................................................. - 27 - 4.14. Property, plant and equipment ........................................................................................................ - 27 - 4.15. Impairment test ................................................................................................................................. - 28 - 4.16. Inventories .......................................................................................................................................... - 29 - 4.17. Treasury shares ................................................................................................................................. - 29 - 4.18. Employee benefits .............................................................................................................................. - 29 - 4.19. Provisions for restitution of aircraft under operating leases ......................................................... - 30 - 4.20. Other provisions ................................................................................................................................ - 30 - 4.21. Emission Trading Scheme ................................................................................................................ - 30 - 4.22. Equity and debt issuance costs ......................................................................................................... - 30 - 4.23. Deferred taxes .................................................................................................................................... - 30 - 4.24. Non-current assets held for sale and discontinued operations ...................................................... - 31 - 5. CHANGE IN THE CONSOLIDATION SCOPE ..................................................................................... - 32 - 6. INFORMATION BY ACTIVITY AND GEOGRAPHICAL AREA ...................................................... - 32 - 6.1. Information by business segment ....................................................................................................... - 34 - 6.2. Information by geographical area ..................................................................................................... - 36 - 7. EXTERNAL EXPENSES ........................................................................................................................... - 37 - 8. SALARIES AND NUMBER OF EMPLOYEES ...................................................................................... - 38 - 9. AMORTIZATION, DEPRECIATION AND PROVISIONS .................................................................. - 38 - 10. OTHER INCOME AND EXPENSES ..................................................................................................... - 39 - 11. OTHER NON-CURRENT INCOME AND EXPENSES ....................................................................... - 39 - 12. OTHER FINANCIAL INCOME AND EXPENSES .............................................................................. - 41 - 13. INCOME TAXES ..................................................................................................................................... - 42 - 13.1. Income tax charge ............................................................................................................................. - 42 - 13.2. Deferred tax recorded in equity (equity holders of Air France-KLM) ......................................... - 43 - 13.3. Effective tax rate ................................................................................................................................ - 43 - 13.4. Variation in deferred tax recorded during the period ................................................................... - 44 - 13.5. Unrecognized deferred tax assets ..................................................................................................... - 45 - 14. NET INCOME FROM DISCONTINUED OPERATIONS .................................................................. - 45 - 15. EARNINGS PER SHARE ........................................................................................................................ - 46 - 15.1 Income for the period – Equity holders of Air France-KLM per share ........................................ - 46 - 15.2 Non-dilutive instruments ................................................................................................................... - 47 - 15.3 Instruments issued after the closing date ......................................................................................... - 47 - 16. GOODWILL ............................................................................................................................................. - 48 - - 2 - 15/02/2018 Air France-KLM Group 16.1 Detail of consolidated goodwill .......................................................................................................... - 48 - 16.2 Movement in net book value of goodwill .......................................................................................... - 48 - 17. INTANGIBLE ASSETS ........................................................................................................................... - 49 - 18. IMPAIRMENT .......................................................................................................................................... - 50 - 19. TANGIBLE ASSETS ................................................................................................................................ - 51 - 20. CAPITAL EXPENDITURES .................................................................................................................. - 52 - 21. EQUITY AFFILIATES ...........................................................................................................................
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