Airbus 2015 Annual Report Download - page 282

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 100 l
Notestothe IFRSCompanyFinancialStatements
Capital stock comprises the nominal amount of shares
outstanding. The addition to capital stock represents the
contribution for exercised options of € 1,910,428 (in 2014:
€ 1,871,419) in compliance with the implemented stock option
plans and by employees of € 1,539,014 (in 2014: € 0) under the
Employee Stock Ownership Plans (“ESOP”).
Share premium mainly results from contributions in kind in
the course of the creation of AirbusGroup, cash contributions
from the Initial Public Offering, capital increases and reductions
due to the issuance and cancellation of shares as well as cash
distributions to AirbusGroupSE shareholders. On 27May 2015,
the Shareholders’ General Meeting decided to distribute a gross
amount of € 1.20 per share, which was paid on 3June 2015. For
the fiscal year2015, the Group’s Board of Directors proposes
a cash distribution payment of € 1.30 per share.
Accumulated other comprehensive income (“AOCI”)
includes:
 change from available-for-sale financial assets (see
Note13.2 “Carrying amounts and fair values of financial
instruments”);
 change in fair value of derivatives designated as cash flow
hedges (see Note13.2 “Carrying amounts and fair values of
financial instruments”).
Treasury shares represent the amount paid or payable for own
shares held in treasury.
Authorisations Granted by the Shareholders’
General Meeting of AirbusGroup Held on
27May2015
On 27May 2015, the Annual General Meeting of the Company
authorised the Board of Directors, for a period expiring at the
Annual General Meeting to be held in 2016, to issue shares and
grant rights to subscribe for shares in the Company’s share
capital for the purpose of:
 ESOPs in the limit of 0.1% of the Company’s authorised share
capital (see Note30 “Share-based payment” of the Group’s
Consolidated Financial Statements);
 funding the Company and its Group companies, provided
that such powers shall be limited to an aggregate of 0.3% of
the Company’s authorised capital (see Note34.3 “Financing
liabilities” of the Group’s Consolidated Financial Statements).
For each operation, such powers shall not extend to issuing
shares or granting rights to subscribe for shares if there is no
preferential subscription right and for an aggregate issue price
in excess of € 500million per share issuance.
Also on 27May 2015, the Annual General Meeting of the
Company authorised the Board of Directors for an 18-month
period to repurchase up to 10% of the Company’s issued and
outstanding share capital (i.e. issued share capital excluding
shares held by the Company or its subsidiaries) at a price not
exceeding € 85 per share.
AirbusGroup has appointed an Investment Services Provider
to undertake a share buyback on behalf of the Company
for a maximum amount of € 1billion. The buyback will take
place between 2November 2015 and 30June 2016. As of
31December 2015 the Company bought back € 264million
of shares and recognised a financing liability of € 223million
for its irrevocable share buyback commitment at that date.
Recognition of the financing liability led to a corresponding
reduction of equity.
Furthermore, the Annual General Meeting authorised both
the Board of Directors and the Chief Executive Officer, with
powers of substitution, that the number of shares repurchased
by the Company pursuant to the share buyback programme are
cancelled. As per decisions of the Chief Financial Officer upon
delegation of the Chief Executive Officer, on 17December 2015,
a number of 2,885,243shares have been cancelled.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015