unaudited condensed ifrs consolidated financial ...· 12/31/2017 · current other liabilities 19

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  • Unaudited Condensed IFRS Consolidated Financial Information of Airbus SE

    for the year ended 31 December 2017

    Unaudited Condensed IFRS Consolidated Financial Information of Airbus SE for the year ended 31 December 2017 ..... 1 Unaudited Condensed IFRS Consolidated Income Statements .......................................................................................... 2 Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income ............................................................ 3 Unaudited Condensed IFRS Consolidated Statements of Financial Position...................................................................... 4 Unaudited Condensed IFRS Consolidated Statements of Cash Flows ............................................................................... 6 Unaudited Condensed IFRS Consolidated Statements of Changes in Equity..................................................................... 8 Notes to the Unaudited Condensed IFRS Consolidated Financial Statements as at 31 December 2017 ........................... 9

    1. The Company ........................................................................................................................................................ 9 2. Accounting policies ............................................................................................................................................... 9 3. Acquisitions and disposals .................................................................................................................................. 11 4. Segment information ........................................................................................................................................... 13 5. Revenues and gross margin ............................................................................................................................... 14 6. Research and development expenses ................................................................................................................ 14 7. Share of profit from investments accounted for under the equity method and other income from investments .. 15 8. Other income and other expenses ...................................................................................................................... 15 9. Total finance costs .............................................................................................................................................. 15 10. Income tax........................................................................................................................................................... 15 11. Earnings per share .............................................................................................................................................. 15 12. Intangible assets and property, plant and equipment .......................................................................................... 16 13. Investments accounted for under the equity method ........................................................................................... 16 14. Other investments and other long-term financial assets ..................................................................................... 16 15. Inventories........................................................................................................................................................... 16 16. Trade receivables and trade liabilities ................................................................................................................. 17 17. Provisions............................................................................................................................................................ 17 18. Other financial assets and other financial liabilities ............................................................................................. 17 19. Other assets and other liabilities ......................................................................................................................... 18 20. Total equity.......................................................................................................................................................... 19 21. Net cash .............................................................................................................................................................. 19 22. Litigation and claims ............................................................................................................................................ 21 23. Number of employees ......................................................................................................................................... 24 24. Events after the reporting date ............................................................................................................................ 24

  • Airbus SE Unaudited Condensed IFRS Consolidated Financial Information

    for the year ended 31 December 2017

    2

    Unaudited Condensed IFRS Consolidated Income Statements

    (In million) Note 2017 2016 Revenues 5 66,767 66,581 Cost of sales (59,160) (61,317) Gross margin 5 7,607 5,264 Selling expenses (872) (997) Administrative expenses (1,567) (1,726) Research and development expenses 6 (2,807) (2,970) Other income 8 981 2,689 Other expenses 8 (336) (254) Share of profit from investments accounted for under the equity method 7 333 231 Other income from investments 7 82 21 Profit before finance costs and income taxes 3,421 2,258

    Interest income 189 247 Interest expense (517) (522) Other financial result 1,477 (692)

    Total finance costs 9 1,149 (967) Income taxes 10 (1,693) (291) Profit for the period 2,877 1,000 Attributable to:

    Equity owners of the parent (Net income) 2,873 995 Non-controlling interests 4 5

    Earnings per share Basic 11 3.71 1.29 Diluted 11 3.70 1.29 The accompanying notes are an integral part of these Unaudited Condensed IFRS Consolidated Financial Statements.

  • Airbus SE Unaudited Condensed IFRS Consolidated Financial Information

    for the year ended 31 December 2017

    3

    Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income

    (In million) 2017 2016 Profit for the period 2,877 1,000 Other comprehensive income Items that will not be reclassified to profit or loss: Remeasurement of the defined benefit pension plans 116 (1,649) Share of remeasurement of the defined benefit pension plans from investments accounted for under the equity method 61 (102) Income tax relating to items that will not be reclassified (26) 365 Items that may be reclassified to profit or loss: Foreign currency translation differences for foreign operations (526) (174) Change in fair value of cash flow hedges 10,636 (247) Change in fair value of available-for-sale financial assets 396 (53) Share of changes in other comprehensive income from investments accounted for under the equity method (3) (35) Income tax relating to items that may be reclassified (2,881) (7) Other comprehensive income, net of tax 7,773 (1,902) Total comprehensive income of the period 10,650 (902) Attributable to:

    Equity owners of the parent 10,611 (917) Non-controlling interests 39 15

    The accompanying notes are an integral part of these Unaudited Condensed IFRS Consolidated Financial Statements.

  • Airbus SE Unaudited Condensed IFRS Consolidated Financial Information

    for the year ended 31 December 2017

    4

    Unaudited Condensed IFRS Consolidated Statements of Financial Position (In million) Note 2017 2016 Assets Non-current assets Intangible assets 12 11,629 12,068 Property, plant and equipment 12 16,610 16,913 Investment property 3 5 Investments accounted for under the equity method 13 1,678 1,608 Other investments and other long-term financial assets 14 4,204 3,655 Non-current other financial assets 18 2,980 976 Non-current other assets 19 2,295 2,358 Deferred tax assets 3,598 7,557 Non-current securities 21 10,944 9,897 53,941 55,037 Current assets Inventories 15 31,464 29,688 Trade receivables 16 8,358 8,101 Current portion of other long-term financial assets 14 529 522 Current other financial assets 18 1,979 1,257 Current other assets 19 2,907 2,576 Current tax assets 914 1,110 Current securities 21 1,627 1,551 Cash and cash equivalents 21 12,016 10,143 59,794 54,948 Assets and disposal group of assets classified as held for sale 3 202 1,148 Total assets 113,937 111,133

  • Airbus SE Unaudited Condensed IFRS Consolidated Financial Information

    for the year ended 31 December 2017

    5

    (In million) Note 2017 2016 Equity and liabilities Equity attributable to equity owners of the parent Capital stock 775 773 Share premium 2,826 2,745 Retained earnings 7,007 4,987 Accumulated other comprehensive income 2,742 (4,845) Treasury shares (2) (3) 13,348 3,657 Non-controlling interests 3 (5) Total equity (1) 20 13,351 3,652 Liabilities Non-current liabilities Non-current provisions 17 10,153 10,826 Long-term financing liabilities 21 8,984 8,791 Non-current other financial liabilities 18 6,948 13,313 Non-current other liabilities 29 17,190 16,279 Deferred tax liabilities 981 1,292 Non-current deferred income 199 288 44,455 50,789 Current liabilities Current provisions 17 6,575 6,143 Short-term financing liabilities 21 2,212 1,687 Trade liabilities 16 13,444 12,532 Current other financial liabilities 18 2,185 5,761 Current other liabilities 19 29,193 27,535 Current tax liabilities 1,481 1,126 Current deferred income 935 917 56,025 55,701 Disposal group of liabilities classified as held for sale 3 106 991 Total liabilities 100,586 107,481 Total equity and liabilities

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