Airbus 2015 Annual Report Download - page 96

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 64 l
Management’sDiscussion andAnalysisofFinancial Condition andResultsofOperations
2.1 Operating and Financial Review
2.1.3 Performance Measures
2.1.3.1 Divisions
Airbus
Set forth below is a summary of the measures for the activities of Airbus for the past three years.
(in €m)
Year ended
31December 2015
Year ended
31December 2014 Year ended 31December 2013
Order Intake (net) 139,062 150,085 199,261
Order Book 952,450 803,633 625,595
Revenues 45,854 42,280 39,494
EBIT* 2,301 2,671 1,593
in% of revenues 5.0% 6.3% 4.0%
Airbus Helicopters
Set forth below is a summary of the measures for the activities of Airbus Helicopters for the past three years.
(in €m)
Year ended
31December 2015
Year ended
31December 2014 Year ended 31December 2013
Order Intake (net) 6,168 5,469 5,775
Order Book 11,769 12,227 12,420
Revenues 6,786 6,524 6,297
EBIT* 427 413 397
in% of revenues 6.3% 6.3% 6.3%
Airbus Defence andSpace
Set forth below is a summary of the measures for the activities of Airbus Defence andSpace for the past three years.
(in €m)
Year ended
31December 2015
Year ended
31December 2014 Year ended 31December 2013
Order Intake (net) 14,440 12,225 11,808
Order Book 42,861 43,075 43,208
Revenues 13,080 13,025 13,121
EBIT* 745 409 659
in% of revenues 5.7% 3.1% 5.0%
2.1.3.2 Order Backlog
Year‑end order backlog consists of contracts signed up to
that date. Only firm orders are included in calculating order
backlog – for commercial aircraft, a firm order is defined as one
for which the Group receives a down payment on a definitive
contract. Defence‑related orders are included in the backlog
upon signature of the related procurement contract (and the
receipt, in most cases, of an advance payment). Commitments
under defence “umbrella” or “framework” agreements by
governmental customers are not included in backlog until
AirbusGroup is officially notified.
For commercial aircraft contracts, amounts of order backlog
reflected in the table below are derived from catalogue prices,
escalated to the expected delivery date and, to the extent
applicable, converted into euro (at the corresponding hedge
rate for the hedged portion of expected cash flows, and at the
period‑end spot rate for the non‑hedged portion of expected
cash flows). The amount of defence‑related order backlog is
equal to the contract values of the corresponding programmes.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015