Airbus 2015 Annual Report Download - page 100

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 68 l
Management’sDiscussion andAnalysisofFinancial Condition andResultsofOperations
2.1 Operating and Financial Review
2.1.4 Results of Operations
Set forth below is a summary of the Group’s Consolidated Income Statements (IFRS) for the past three years.
(in €m, except for earnings per share)
Year ended
31December 2015
Year ended
31December 2014 Year ended 31December 2013
Revenues 64,450 60,713 57,567
Cost of sales (55,599) (51,776) (49,613)
Gross margin 8,851 8,937 7,9 54
Selling and administrative expenses (2,651) (2,601) (2,762)
Research and development expenses (3,460) (3,391) (3,118)
Other income 474 330 272
Other expenses (222) (179) (259)
Share of profit from investments accounted for under
the equity method and other income from investments 1,070 895 483
Profit before finance costs and income taxes 4,062 3,991 2,570
Interest result (368) (320) (332)
Other financial result (319) (458) (278)
Income taxes (677) (863) (477)
Profit for the period 2,698 2,350 1,483
Attributable to:
Equity owners of the parent (Net Income) 2,696 2,343 1,473
Non‑controlling interests 2710
Earnings per share (basic) (in €) 3.43 2.99 1.86
Earnings per share (diluted) (in €) 3.42 2.99 1.85
Set forth below are year‑to‑year comparisons of results of operations, based upon the Group’s Consolidated Income Statements.
2.1.4.1 Consolidated Revenues
Set forth below is a breakdown of Group’s consolidated revenues by Division for the past three years.
(in €m) Year ended
31December 2015
Year ended
31December 2014 Year ended 31December 2013
Airbus 45,854 42,280 39,494
Airbus Helicopters 6,786 6,524 6,297
Airbus Defence andSpace 13,080 13,025 13,121
Total Divisional revenues 65,720 61,829 58,912
Other/ HQ/ Consolidation (1,270) (1,116) (1,345)
Total 64,450 60,713 57,5 67
For 2015, consolidated revenues increased by 6.2%, from € 60.7billion for 2014 to € 64.5billion for 2015. The increase was
primarily due to higher revenues at Airbus. For 2014, consolidated revenues increased by 5.5%, from € 57.6billion for 2013 to
€ 60.7billion for 2014.
Airbus
Set forth below is a breakdown of deliveries of commercial aircraft by product type for the past three years.
Number of aircraft Year ended
31December 2015
Year ended
31December 2014 Year ended 31December 2013
Single‑aisle 491 490 493
Long‑range 103 108 108
A350XWB 14 1 0
Very large 27 30 25
Total 635 629 626
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015