Financial Statements Group Airbus 2014

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Financial Statements Group Airbus 2014 AIRBUS GROUP – 2014 ANNUAL REPORT FINANCIAL STATEMENTS FINANCIAL FINANCIAL STATEMENTS 2014 2014 ANNUAL REPORT FINANCIAL STATEMENTS 2014 02 AIRBUS GROUP FINANCIAL STATEMENTS 2014 1 2 3 4 5 Q Back to Contents 2014 FINANCIAL STATEMENTS 1 Airbus Group N.V. — Consolidated Financial Statements (IFRS) 2 Notes to the Consolidated Financial Statements (IFRS) 3 Company Financial Statements 4 Notes to the Company Financial Statements 5 Other Supplementary Information including the Independent Auditor’s report AIRBUS GROUP FINANCIAL STATEMENTS 2014 03 1 04 AIRBUS GROUP FINANCIAL STATEMENTS 2014 1 2 3 4 5 Q Back to Contents 1 Airbus Group N.V. — Consolidated Financial Statements (IFRS) Airbus Group N.V. — IFRS Consolidated Income Statements for the years ended 31 December 2014 and 2013 06 Airbus Group N.V. — IFRS Consolidated Statements of Comprehensive Income for the years ended 31 December 2014 and 2013 07 Airbus Group N.V. — IFRS Consolidated Statements of Financial Position at 31 December 2014, 2013 and adjusted opening 1 January 2013 08 Airbus Group N.V. — IFRS Consolidated Statements of Cash Flows for the years ended 31 December 2014 and 2013 10 Airbus Group N.V. — IFRS Consolidated Statements of Changes in Equity for the years ended 31 December 2014 and 2013 11 AIRBUS GROUP FINANCIAL STATEMENTS 2014 05 1 2 3 4 5 Q Back to Contents Airbus Group N.V. — Consolidated Financial Statements (IFRS) Airbus Group N.V. — IFRS Consolidated Income Statements for the y ears e nded 31 December 2014 and 2013 (In € million) Note 2014 2013(1) Revenues 5, 6 60,713 57,567 Cost of sales 7 (51,776) (49,613) Gross margin 8,937 7,954 Selling expenses (1,063) (1,140) Administrative expenses (1,538) (1,622) Research and development expenses 8 (3,391) (3,118) Other income 9 330 272 Other expenses 10 (179) (259) Share of profit from investments accounted for under the equity method 16 840 434 Other income from investments 17 55 49 Profit before finance costs and income taxes 5 3,991 2,570 Interest income 142 161 Interest expense (462) (493) Other financial result (458) (278) Total finance costs 11 (778) (610) Income taxes 12 (863) (477) Profit for the period 2,350 1,483 Attributable to: Equity owners of the parent (Net income) 2,343 1,473 Non-controlling interests 7 10 Earnings per share € € Basic 37 2.99 1.86 Diluted 37 2.99 1.85 (1) Previous year figures are adjusted due to the application of IFRS 10 and IFRS 11. The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS). 06 AIRBUS GROUP FINANCIAL STATEMENTS 2014 1 2 3 4 5 Q Back to Contents Airbus Group N.V. — Consolidated Financial Statements (IFRS) 1 Airbus Group N.V. — IFRS Consolidated Statements of Comprehensive Income for the years e nded 31 December 2014 and 2013 (In € million) 2014 2013(1) Profit for the period 2,350 1,483 Other comprehensive income Items that will not be reclassified to profit or loss: Remeasurement of the defined benefit liability (asset) (2,034) (67) Remeasurement of the defined benefit liability (asset) from investments using the equity method (131) (1) Related tax on items that will not be reclassified to profit or loss 577 20 Items that will be reclassified to profit or loss: Foreign currency translation differences for foreign operations 244 (138) Effective portion of changes in fair value of cash flow hedges (6,748) 1,841 Net change in fair value of cash flow hedges transferred to profit or loss 358 425 Net change in fair value of available-for-sale financial assets 90 12 Net change in fair value of available-for-sale financial assets transferred to profit or loss (19) (30) Changes in other comprehensive income from investments accounted for using the equity method (22) (12) Related tax on income and expense recognised directly in equity 1,961 (702) Other comprehensive income, net of tax (5,724) 1,348 Total comprehensive income of the period (3,374) 2,831 Attributable to: Equity owners of the parent (3,362) 2,829 Non-controlling interests (12) 2 (1) Previous year figures are adjusted due to the application of IFRS 10 and IFRS 11. The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS). AIRBUS GROUP FINANCIAL STATEMENTS 2014 07 1 2 3 4 5 Q Back to Contents Airbus Group N.V. — Consolidated Financial Statements (IFRS) Airbus Group N.V. — IFRS Consolidated Statements of Financial Position at 31 December 2014, 2013 and adjusted o pening 1 January 2013 Adjusted (In € million) Note 2014 2013(1) opening 2013(1) Assets Non-current assets Intangible assets 13 12,758 12,500 12,271 Property, plant and equipment 14 16,321 15,585 14,902 Investment property 15 67 69 72 Investments accounted for under the equity method 16 3,391 3,858 3,584 Other investments and other long-term financial assets 17 1,769 1,756 1,965 Non-current other financial assets 20 586 2,076 1,386 Non-current other assets 21 1,822 1,651 1,413 Deferred tax assets 12 5,717 3,733 4,425 Non-current securities 22 5,989 4,298 5,987 48,420 45,526 46,005 Current assets Inventories 18 25,355 24,023 22,201 Trade receivables 19 6,798 6,628 6,183 Current portion of other long-term financial assets 17 167 132 271 Current other financial assets 20 1,164 1,591 1,444 Current other assets 21 2,389 1,960 1,934 Current tax assets 605 628 450 Current securities 22 3,183 2,585 2,331 Cash and cash equivalents 31 7,271 7,201 8,171 46,932 44,748 42,985 Assets of disposal groups classified as held for sale 4 750 00 Total assets 96,102 90,274 88,990 (1) Previous years’ figures are adjusted due to the application of IFRS 10 and IFRS 11. 08 AIRBUS GROUP FINANCIAL STATEMENTS 2014 1 2 3 4 5 Q Back to Contents Airbus Group N.V. — Consolidated Financial Statements (IFRS) 1 Adjusted (In € million) Note 2014 2013(1) opening 2013(1) Equity and liabilities Equity attributable to equity owners of the parent Capital stock 785 783 827 Share premium 4,500 5,049 7,253 Retained earnings 2,989 2,167 753 Accumulated other comprehensive income (1,205) 2,915 1,511 Treasury shares (8) (50) (84) 7,061 10,864 10,260 Non-controlling interests 18 42 16 Total equity 23 7,079 10,906 10,276 Non-current liabilities Non-current provisions 25 10,400 9,604 9,411 Long-term financing liabilities 26 6,278 3,804 3,312 Non-current other financial liabilities 27 9,922 7,154 7,454 Non-current other liabilities 28 12,849 10,764 10,496 Deferred tax liabilities 12 1,130 1,454 1,459 Non-current deferred income 30 267 237 211 40,846 33,017 32,343 Current liabilities Current provisions 25 5,712 5,222 5,940 Short-term financing liabilities 26 1,073 1,826 1,463 Trade liabilities 29 10,183 9,668 9,271 Current other financial liabilities 27 3,480 1,465 1,712 Current other liabilities 28 25,222 26,570 26,485 Current tax liabilities 738 616 441 Current deferred income 30 1,089 984 1,059 47,497 46,351 46,371 Liabilities of disposal groups classified as held for sale 4 680 00 Total liabilities 89,023 79,368 78,714 Total equity and liabilities 96,102 90,274 88,990 (1) Previous years’ figures are adjusted due to the application of IFRS 10 and IFRS 11. The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS). AIRBUS GROUP FINANCIAL STATEMENTS 2014 09 1 2 3 4 5 Q Back to Contents Airbus Group N.V. — Consolidated Financial Statements (IFRS) Airbus Group N.V. — IFRS Consolidated Statements of Cash Flows for the years e nded 31 December 2014 and 2013 (In € million) Note 2014 2013(1) Profit for the period attributable to equity owners of the parent (Net income) 2,343 1,473 Profit for the period attributable to non-controlling interests 7 10 Adjustments to reconcile profit for the period to cash provided by operating activities: Interest income (142) (161) Interest expense 462 493 Interest received 99 99 Interest paid (303) (304) Income tax expense 863 477 Income taxes paid (115) (243) Depreciation and amortisation 2,150 1,927 Valuation adjustments 562 48 Results on disposals of non-current assets (93) (58) Results of investments accounted for by the equity method (840) (434) Change in current and non-current provisions 415 816 Reimbursement from / contribution to plan assets (462) (223) Change in other operating assets and liabilities: (2,386) (2,091) ■ Inventories (3,252) (3,102) ■ Trade receivables (700) (83) ■ Trade liabilities 130 522 ■ Advance payments received 1,715 580 ■ Other assets and liabilities (387) 311 ■ Customer financing assets 124 (327) ■ Customer financing liabilities (16) 8 Cash provided by operating activities 2,560 1,829 Investments: ■ Purchases of intangible assets, property, plant and equipment, investment property (2,548) (2,918) ■ Proceeds from disposals of intangible assets, property, plant and equipment, investment property 232 48 ■ Acquisitions of subsidiaries, joint ventures, businesses and non-controlling interests (net of cash) 31 (47) (16) ■ Proceeds from disposals of subsidiaries (net of cash) 31 (34) 0 ■ Payments for investments in associates, joint ventures, other investments and other long-term financial assets (36) (293) ■ Proceeds from disposals of associates, joint ventures, other investments and other long-term financial assets 1,083 154 ■ Dividends paid by companies valued at equity 143 146 Payments for investments in securities (5,526) (1,398) Proceeds from disposals of securities 3,510 2,665 Cash (used for) investing activities (3,223) (1,612) Increase in financing liabilities 2,038 1,667 Repayment of financing liabilities (1,108) (534) Cash distribution to Airbus Group N.V.
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