First half financial report January-June 2013 Société anonyme with share capital of €300,219,278 Registered offices: 2, rue Robert Esnault-Pelterie, 75007 Paris Mailing address: Immeuble Altaï, 10-14, rue de Rome 93290 Tremblay-en-France Paris Trade and Company Register 552 043 002 Free translation into English for convenience only – French version prevails Corporate governance ............................................................................................................................................................ 3 The Board of Directors .....................................................................................................................................................................................3 The CEO Committee ........................................................................................................................................................................................6 The Group Executive Committee .....................................................................................................................................................................6 Stock market and shareholder structure ..........................................................................................................................................................9 Market and environment ....................................................................................................................................................... 11 Highlights ............................................................................................................................................................................... 12 Strategy .................................................................................................................................................................................. 13 Activities ................................................................................................................................................................................ 17 Passenger business .......................................................................................................................................................................................17 Cargo business ..............................................................................................................................................................................................19 Maintenance business ....................................................................................................................................................................................20 Other businesses ...........................................................................................................................................................................................20 The Air France-KLM fleet ...................................................................................................................................................... 21 The Air France Group fleet .............................................................................................................................................................................21 The KLM Group fleet ......................................................................................................................................................................................23 Outlook and subsequent events .......................................................................................................................................... 25 Risks and risk management ................................................................................................................................................. 26 Related parties ...................................................................................................................................................................... 27 Comments on the financial statements ............................................................................................................................... 28 Key financial indicators ........................................................................................................................................................ 32 Unaudited interim condensed consolidated financial statements ................................................................................... 35 Consolidated income statement ....................................................................................................................................................................35 Consolidated statement of recognized income and expenses ....................................................................................................................... 36 Consolidated balance sheet ...........................................................................................................................................................................37 Consolidated statement of changes in stockholders’ equity ................................................................................................................................. 39 Consolidated statement of cash flows ............................................................................................................................................................41 Notes to the unaudited interim condensed consolidated financial statements .............................................................. 42 Note 1 Business description .................................................................................................................................................. 42 Note 2 Restatements of accounts 2012 ................................................................................................................................. 42 Note 3 Significant events ....................................................................................................................................................... 43 Note 4 Accounting policies ..................................................................................................................................................... 44 Note 5 Change in consolidation scope ................................................................................................................................... 45 Note 6 Information by activity and geographical area ............................................................................................................ 45 Note 7 External expenses ...................................................................................................................................................... 48 Note 8 Salaries and number of employees ............................................................................................................................ 48 Note 9 Amortization, depreciation and provisions .................................................................................................................. 49 Note 10 Other income and expenses ...................................................................................................................................... 49 Note 11 Other non-current income and expenses ................................................................................................................... 49 Note 12 Net cost of financial debt and other financial income and expenses .......................................................................... 50 Note 13 Income taxes .............................................................................................................................................................. 51 Note 14 Share of profits (losses) of associates ....................................................................................................................... 51 Note 15 Earnings per share ..................................................................................................................................................... 52 Note 16 Tangible assets .......................................................................................................................................................... 52 First half financial report January-June 2013 – Air France-KLM – 1 Note 17 Pension assets ........................................................................................................................................................... 53 Note 18 Assets held for sale and liabilities relating to assets held for sale .............................................................................. 53 Note 19 Equity attributable to equity holders of Air France-KLM SA ....................................................................................... 53 Note 20 Provisions and retirement benefits ............................................................................................................................. 54 Note 21 Financial debt ............................................................................................................................................................. 57 Note 22 Lease commitments ................................................................................................................................................... 58 Note 23 Flight equipment orders .............................................................................................................................................