Air France 2015 Annual Report Download - page 14

Consolidated income statement
In € million December31, 2015 December31, 2014(1)
Sales 26,059 24,912
Other revenues 3 18
External expenses (15,682) (15,171)
Aircraft fuel (6,183) (6,629)
Chartering costs (430) (438)
Landing fees and en route charges (1,947) (1,840)
Catering (655) (591)
Handling charges and other operating costs (1,536) (1,476)
Aircraft maintenance costs (2,372) (1,729)
Commercial and distribution costs (896) (870)
Other external expenses (1,663) (1,598)
Salaries and related costs (7,852) (7,636)
Taxes other than income taxes (167) (169)
Other income and expenses 1,113 508
EBITDAR 3,474 2,462
Aircraft operating lease costs (1,027) (873)
EBITDA 2,447 1,589
Amortization, depreciation and provisions (1,631) (1,718)
Income/(loss) from current operations 816 (129)
Sales of aircraft equipment (6) 0
Sales of subsidiaries 224 185
Other non-current income and expenses 81 695
Income/(loss) from operating activities 1,115 751
Income from cash and cash equivalents 63 76
Cost of inancial debt (373) (446)
Net cost of inancial debt (310) (370)
Foreign exchange gains/(losses), net (360) (199)
Change in fair value of inancial assets and liabilities (178) (92)
Other inancial income and expenses (67) (68)
Income/(loss) before tax 200 22
Income taxes (43) (195)
Net income/(loss) of consolidated companies 157 (173)
Share of proits/(losses) of associates (30) (39)
Income/(loss) from continuing operations 127 (212)
Net income/(loss) from discontinued operations 0 (4)
Net income/(loss) for the period 127 (216)
Minority interest (9) (9)
Net income/(loss) for the period, Group 118 (225)
(1) Restated for the reclassification of items relating to capitalized production, foreign currency effects linked to the revaluation of pro-
visions in foreign currencies and temporary staff expenses.
Consolidated statement of cash flows
In € million December31, 2015 December31, 2014(1)
Net income from continuing operations 127 (212)
Net income from discontinued operations – (4)
Amortization, depreciation and operating provisions 1,631 1,725
Financial provisions 59 68
Result on disposals of tangible and intangible assets (224) (19)
Result on disposals of subsidiaries and associates (224) (184)
Derivatives – non-monetary result 91 73
Unrealized foreign exchange gains and losses, net 294 163
Share of (proits) losses of associates 30 39
Deferred taxes 4 158
Impairment 5 114
Other non-monetary items 32 (1,042)
Sub-total 1,825 879
Of which discontinued operations – (6)
(Increase)/decrease in inventories 36 (24)
(Increase)/decrease in trade receivables (55) 98
Increase/ (decrease) in trade payables (62) 29
Change in other receivables and payables 156 10
Change in working capital from discontinued operations – 20
Net cash ow from operating activities 1,900 1,012
Acquisition of subsidiaries, of shares in non-controlled entities (7) (43)
Purchase of property, plant and equipment and intangible assets (1,647) (1,431)
Proceeds on disposal of subsidiaries, of shares in non-controlled entities 342 354
Proceeds on disposal of property, plant and equipment and intangible assets 353 269
Dividends received 5 20
Decrease/(increase) in net investments, more than 3 months (208) 285
Net cash ow used in investing activities of discontinued operations – (20)
Net cash flow used in investing activities (1,162) (566)
Capital increase 1 –
Perpetual 600 –
Sale of minority interest without change of control 4 –
Issuance of debt 1,077 1,583
Repayment on debt (1,549) (2,024)
Payment of debt resulting from inance lease liabilities (664) (565)
New loans (89) (10)
Repayment on loans 140 36
Dividends paid (24) (3)
Net cash ow from nancing activities (504) (983)
Effect of exchange rate on cash and cash equivalents and bank overdrafts (43) (77)
Change in cash and cash equivalents and bank overdrafts 191 (614)
Cash and cash equivalents and bank overdrafts at beginning of period 2,910 3,518
Cash and cash equivalents and bank overdrafts at end of period 3,101 2,910
(1) Restated for the reclassification of items relating to capitalized production, foreign currency effects linked to the revaluation of pro-
visions in foreign currencies and temporary staff expenses.
AIR FRANCE-KLM
26
AIR FRANCE-KLM
27
KEY FIGURES KEY FIGURES