AIRBUS - 2019 Financial Statements

2.2 Airbus Structure Notes to the IFRS Consolidated Financial Statements /

The following table summarises financial information for ArianeGroup, MBDA and ATR GIE based on their Consolidated Financial Statements prepared in accordance with IFRS:

ArianeGroup

MBDA

ATR GIE

2019 3,069

2019 3,703

2019

2018

2018

2018

(In € million)

Revenue

3,587

3,164

1,438 1,498

(128)

(128)

(126)

(107)

(33)

(19)

Depreciation and amortisation

4

5

13

9

0 0

0 0

Interest income Interest expense

(15) (71)

(3)

(26)

(6)

(83) 251 (14) 237

(127)

(99) 239

(3)

(3)

Income tax expense

133

268 (79) 189 2,718 7,707 2,906

106

193

Profit from continuing operations Other comprehensive income

(79) 54

5

0

0

Total comprehensive income (100%)

244

106 252 729

193 172

Non-current assets

6,207

5,748 6,626

2,437 7,654 2,658 1,046

6,610

674

Current assets

828

507 688

6

3

thereof cash and cash equivalents

1,067

1,114

166

87

Non-current liabilities

thereof non-current financial liabilities (excluding trade and other payables and provisions)

517

137

5

9

0

0

7,601

7,514

8,693

8,462

592

460

Current liabilities

thereof current financial liabilities (excluding trade and other payables and provisions)

57

28

25

6

0

0

Total equity (100%)

4,149 4,172

618 618

583 583

223 223

299 299

Equity attributable to the equity owners of the parent

4,145

4,157

4

15

0

0

0

0

Non-controlling interests

ArianeGroup

MBDA

ATR GIE

2019 2,073

2019

2019

2018

2018

2018

(In € million)

The Company’s interest in equity on investee

2,078

232 282

218 282

111

150

2

244

244

0 0 0 0

0 0 0 0

Goodwill

(1,519)

(1,519)

0 0 0

0 0 0

PPA adjustments, net of tax

(52) (30)

(37) (25)

Airbus Defence and Space PPA (including 2016 Ariane 6 catch-up)

Contingent liability release adjustment

Fair value adjustments and modifications for differences in accounting policies

(19)

(21)

(11)

(11)

0 0

0 0

0 2

0 2

(53)

(26)

Dividend adjustment

0

0

(5)

(4)

Elimination of downstream inventory

Carrying amount of the investment at 31 December

699

722

450

463

106

146

The development of these investments is as follows:

ArianeGroup

MBDA

ATR GIE

2019

2019

2019

2018

2018

2018

(In € million)

Carrying amount of the investment at 1 January

722

698

463 101 (30) (84)

397

146 54 (3) (90)

169

52

88 (8)

91

98

Share of results from continuing operations Share of other comprehensive income

(38) (38)

(1)

4

(26)

(26)

(125)

Dividends received during the year

0

0

0

0 2

0

0 0

Changes in consolidation

0

(30) 722

(1)

(1)

Others

Carrying amount of the investment at 31 December

699

450

463

106

146

The Company’s share of contingent liabilities as of 31 December 2019 relating to MBDA is €412 million (2018: €420 million).

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Airbus / Financial Statements 2019