1

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EADSN.V. Consolidated Financial Statements (IFRS)

EADSN.V. Consolidated Income Statements (IFRS)

fortheyearsended31December 2013, 2012 and2011

(In million)

Note

Revenues

5, 6

59,256

56,480

49,128

(50,895)

(48,582)

(42,351)

Cost of sales(1)

2013

2012

2011

Gross margin(1)

8,361

7,898

6,777

Selling expenses

(1,217)

(1,192)

(981)

(1,696)

(1,677)

(1,433)

(3,160)

(3,142)

(3,152)

Administrative expenses

(1)

Research and development expenses

8
9

236

184

359

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

28

Other income
Other expenses

Profit before finance costs and income taxes

(1)

2,607

2,089

1,541

Interest income

168

237

377

Interest expense

(497)

(522)

(364)

Other financial result

(301)

(168)

(233)

12

(630)

(453)

(220)

13

(502)

(438)

(337)

1,475

1,198

984

1,465

1,197

980

10

Total finance costs

Income taxes(1)

Profit for the period

(1)

Attributable to:
Equity owners of the parent (Net income)(1)
Non-controlling interests

Earnings per share

Basic(1)

38

1.85

1.46

1.21

Diluted(1)

38

1.84

1.46

1.20

(1) Previousyears figures adjusted due to revised IAS19.

The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS).

6 AIRBUS GROUP FINANCIAL STATEMENTS 2013

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EADSN.V. Consolidated Financial Statements (IFRS)

EADSN.V. Consolidated Statements of Comprehensive Income(IFRS)

fortheyears ended 31December 2013, 2012 and2011

(In million)

2013

2012

2011

Profit for the period

1,475

1,198

984

(72)

(987)

(677)

Other comprehensive income

Items that will not be reclassified to profit or loss:
Remeasurement of the defined benefit liability (asset)(1)
Remeasurement of the defined benefit liability (asset) frominvestments
using the equity method
Related tax on items that will not be reclassified to profit or loss(1)

(85)

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)

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)

Net change in fair value of cash flow hedges transferred to profit or loss

Changes in other comprehensive income from investments accounted

for using the equity method
Related tax on income and expense recognised directly in equity
Other comprehensive income, net of tax

Total comprehensive income of the period

(7)

(126)

128

(711)

(625)

165

1,360

618

(816)

2,835

1,816

168

2,833

1,817

162

(1)

Attributable to:
Equity owners of the parent(1)
Non-controlling interests
(1) Previousyears figures adjusted due to revised IAS19.

The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS).

AIRBUS GROUP FINANCIAL STATEMENTS 2013 7

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EADSN.V. Consolidated Financial Statements (IFRS)

EADSN.V. Consolidated Statements of Financial Position(IFRS)

at31December 2013 and 2012

(In million)

Assets
Non-current assets
Intangible assets
Property, plant and equipment
Investment property
Investments in associates accounted for under the equity method
Other investments and other long-term financial assets
Non-current other financial assets
Non-current other assets
Deferred tax assets
Non-current securities
Current assets
Inventories
Trade receivables
Current portion of other long-term financial assets
Current other financial assets
Current other assets
Current tax assets
Current securities
Cash and cash equivalents

Note

2013

2012

14
15
16
17
17
20
21
13
22

13,653
15,856
69
2,902
1,864
2,076
1,653
3,840
4,300

13,429(1)
15,196
72
2,662
2,115
1,386
1,415
4,532(1)
5,987

46,213

46,794(1)

25,060
7,239
181
1,557
2,074
632
2,590
7,765

23,216
6,788(1)
287
1,448
2,046
458
2,328
8,756

18
19
17
20
21
22
31

Total assets
Equity and liabilities
Equity attributable to equity owners of the parent
Capital stock
Share premium
Retained earnings
Accumulated other comprehensive income
Treasury shares
Non-controlling interests

47,098

45,327(1)

93,311

92,121(1)

783
5,049
2,300
2,929
(50)

827
7,253
894(1)
1,513
(84)

11,011

10,403(1)

43

17(1)

Total equity

23

11,054

10,420(1)

Non-current liabilities
Non-current provisions
Long-term financing liabilities
Non-current other financial liabilities
Non-current other liabilities
Deferred tax liabilities
Non-current deferred income

25
26
27
28
13
30

10,046
3,956
7,158
10,790
1,487
239

9,850(1)
3,506
7,458
10,524
1,502(1)
212

33,676

33,052(1)

5,323
1,645
10,372
1,467
28,159
616
999

6,039(1)
1,273
9,921(1)
1,715
28,183
458
1,060(1)

Current liabilities
Current provisions
Short-term financing liabilities
Trade liabilities
Current other financial liabilities
Current other liabilities
Current tax liabilities
Current deferred income

25
26
29
27
28
30

48,581

48,649(1)

Total liabilities

82,257

81,701(1)

Total equity and liabilities

93,311

92,121(1)

(1) Previous years figures adjusted due to revised IAS19 and due to PPA adjustments of prior years acquisitions (Please refer to Notes to the Consolidated Financial Statements (IFRS) Note2a).

The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS).

8 AIRBUS GROUP FINANCIAL STATEMENTS 2013

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EADSN.V. Consolidated Financial Statements (IFRS)

EADSN.V. Consolidated Statements of Cash Flows (IFRS)

fortheyearsended 31December 2013, 2012 and 2011

Note

2013

2012

2011

1,465

1,197

980

10

Interest income

(168)

(237)

(377)

Interest expense

497

522

364

Interest received

119

198

417

(323)

(351)

(307)

(In million)

Profit for the period attributable to equity owners of the parent (Net income)

(1)

Profit for the period attributable to non-controlling interests

Adjustments to reconcile profit for the period to cash provided by operating activities:

Interest paid
Income tax expense(1)
Income taxes paid
Depreciation and amortisation
Valuation adjustments
Results on disposals of non-current assets
Results of companies accounted for by the equity method
Change in current and non-current provisions(1)
Change in other operating assets and liabilities:
Inventories

502

438

337

(243)

(219)

(100)

1,968

2,053

1,884

16

318

(408)

(58)

(21)

(29)

(295)

(241)

(164)

605

258

302

(2,164)

(76)

1,386
(1,640)

(3,151)

(1,526)

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)

1,931

3,840

4,289

(2,949)

(3,270)

(2,197)

60

73

79

Cash provided by operating activities

Investments:
Purchases of intangible assets, Property, plant and equipment
Proceeds from disposals of intangible assets, Property, plant and equipment
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

18

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

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

(26)

(1,742)

(26)

(4,198)

Dividends paid by companies valued at equity

Change in cash from changes in consolidation

Cash (used for) investing activities
Increase in financing liabilities

1,679

380

813

Repayment of financing liabilities

(534)

(505)

(399)

Cash distribution to EADSN.V. shareholders

(467)

(369)

(178)

(2)

(10)

(5)

171

144

(65)

Dividends paid to non-controlling interests

Changes in capital and non-controlling interests
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) Previousyears figures adjusted due to revised IAS19 and due to PPA adjustments of prior years acquisitions.

For details, see Note31 Consolidated Statements of Cash Flows.

The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS).

AIRBUS GROUP FINANCIAL STATEMENTS 2013 9

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EADSN.V. Consolidated Financial Statements (IFRS)

EADSN.V. Consolidated Statements of Changes in Equity (IFRS)

fortheyears ended 31December 2013, 2012 and 2011

Noncontrolling Total
interests equity

Equity attributable to equity holders of the parent

Capital
Share Retained
stock premium earnings(2)

Balance at 31December 2010

816

7,645

Prior year adjustments(1)

Total

46

384

(1,373)

1,435

(112)

8,841

(6)

Balance at 31December 2010,

adjusted

816

7,645

Profit for the period(1)

Other comprehensive income

Treasury
shares

AvailableForeign
for-sale
Cash
currency
financial
flow translation
assets hedges adjustments

Note

(In million)

Accumulated other
comprehensive income

40

384

(1,373)

1,435

(112)

980
(1)

Total comprehensive income

of the period
Capital increase

23

Capital decrease

23

Share-based Payment (IFRS2)

35

23

Balance at 31December 2011

7,519

984

(816)

453

182

(399)

(74)

162

168

(1)

(7)
820

8,930

(818)

(45)

23

95

980
(74)

Change in non-controlling
interests

Cancellation of treasury shares

8,835

(399)

(178)

Change in treasury shares

(6)

182

59

Equity transaction (IAS27)

8,936

(527)

15

Cash distribution to EADSN.V.

shareholders/ dividends paid to
non-controlling interests

95

(6)

463

566

(1,773)

1,361

63

63

15

15

(178)

(5)

(183)

(46)

(79)

(125)

(2)

(2)

(8)

(8)

(113)

8,843

(8)
0
15

8,858

Profit for the period(1)

1,197

1,197

1,198

Other comprehensive income(1)

(738)

(3)

1,356

621

(2)

619

459

(3)

1,356

1,818

(1)

1,817

Total comprehensive income

of the period
Capital increase

23

Capital decrease

23

Share-based Payment (IFRS2)

35

137

144

18

Cash distribution to EADSN.V.

shareholders/ dividends paid to
non-controlling interests

(369)

Equity transaction (IAS27)

(46)

Change in non-controlling
interests
Change in treasury shares

23

Cancellation of treasury shares

23

Balance at 31December 2012

(34)
827

7,253

10 AIRBUS GROUP FINANCIAL STATEMENTS 2013

894

563

(417)

1,367

144

18

18

(369)

(10)

(379)

(46)

14

(32)

(5)

(5)

(5)

34

(84) 10,403

25 10,428

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EADSN.V. Consolidated Financial Statements (IFRS)

1
Noncontrolling Total
interests equity

Equity attributable to equity holders of the parent

Capital
Share Retained
stock premium earnings(2)

(In million)

Treasury
shares

827

7,253

894

563

(417)

1,367

Prior year adjustments(1)

(84) 10,403
0

Balance at 31December 2012,

adjusted

827

7,253

Profit for the period

894

563

(417)

1,367

1,465

Other comprehensive income

Capital increase

23

Capital decrease

23

Share-based Payment (IFRS2)

35

(8)

(8)

17 10,420

1,465

10

1,475

31

1,541

(156)

1,368

(8)

1,360

1,417

31

1,541

(156)

2,833

2,835

233

242

244

(74)

(74)

(74)

107

107

107

Cash distribution to EADSN.V.

shareholders/ dividends paid to
non-controlling interests

(84) 10,403

25 10,428

(48)

Total comprehensive income

of the period

(467)

Equity transaction (IAS27)

(118)

Change in non-controlling
interests

(467)

(2)

(469)

(118)

24

(94)

Change in treasury shares

23

Cancellation of treasury shares

23

Balance at
31December 2013

Total

AvailableForeign
for-sale
Cash
currency
financial
flow translation
assets hedges adjustments

Note

Balance at 31December 2012

Accumulated other
comprehensive income

(53)

(1,896)

783

5,049

2,300

594

1,124

1,211

34 (1,915)

(1,915)

(50) 11,011

43 11,054

(1) Previousyears figures adjusted due to revised IAS19 and and due to PPA adjustments of prior years acquisitions.
(2) Due to revised IAS19 retained earnings are now disclosed in aggregate including remeasurements of the net defined benefit liability and other retained earnings that could have
offsetting effects.

The accompanying notes are an integral part of these Consolidated Financial Statements (IFRS).

AIRBUS GROUP FINANCIAL STATEMENTS 2013 11