Airbus 2015 Annual Report Download - page 207

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 25 l
Notes to the IFRSConsolidatedFinancialStatements
2.
2.3 Segment Information
(In € million)
Sales of goods
and services
and other
income
Purchases of
goods and
services and
other expense
Receivables
due as of
31December
Payables
due as of
31December
Other
liabilities/
Loans
received as of
31December
2015
Total transactions with associates 740 96 479
Total transactions with joint ventures 1,771 121 1,850 14 544
2014
Total transactions with associates 7116 3 5 79
Total transactions with joint ventures 2,141 122 1,451 13 601
8. Related Party Transactions
Transactions with unconsolidated subsidiaries are immaterial
to the Group’s Consolidated Financial Statements.
A part of the shares in Dassault Aviation were sold back to
Dassault Aviation during 2015 and 2014 (for more details, please
see Note6 “Acquisitions and disposals”).
As of 31December 2015, the Group granted guarantees of
€ 503million to Air Tanker group in the UK (2014: € 474million).
For information regarding the funding of the Group’s pension
plans, which are considered as related parties, please refer to
Note29 “Post-employment benefits”.
The information relative to compensation and benefits granted
to members of the Executive Committee and Board of Directors
are disclosed in Note31 “Remuneration”.
2.3 Segment Information
The Group operates in three reportable segments which reflect
the internal organisational and management structure according
to the nature of the products and services provided.
 Airbus — Development, manufacturing, marketing and sale
of commercial jet aircraft of more than 100 seats; aircraft
conversion and related services; development, manufacturing,
marketing and sale of regional turboprop aircraft and aircraft
components.
 Airbus Helicopters — Development, manufacturing,
marketing and sale of civil and military helicopters; provision
of helicopter related services.
 Airbus Defence and Space — Military combat aircraft
and training aircraft; provision of defence electronics and of
global security market solutions such as integrated systems
for global border security and secure communications
solutions and logistics; training, testing, engineering and other
related services; development, manufacturing, marketing
and sale of missiles systems; development, manufacturing,
marketing and sale of satellites, orbital infrastructures and
launchers; provision of space related services; development,
manufacturing, marketing and sale of military transport aircraft
and special mission aircraft and related services.
The following table presents information with respect to the
Group’s business segments. As a rule, inter-segment transfers
are carried out on an arm’s length basis. Inter-segment sales
predominantly take place between Airbus and Airbus Defence
and Space and between Airbus Helicopters and Airbus. The
Group’s activities managed in the US, the holding function of
the Group’s Headquarters, the AirbusGroup bank and other
activities not allocable to the reportable segments, combined
together with consolidation effects, are disclosed in the column
“Others/ HQ/ Conso.”.
Airbus Group uses EBIT pre-goodwill impairment and
exceptionals as a key indicator of its economic performance.
The term “exceptionals” refers to such items as depreciation
expenses of fair value adjustments relating to the former EADS
merger and the Airbus combination, as well as impairment
charges thereon. It also comprises disposal impacts related
to goodwill and fair value adjustments from these transactions.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015
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