ACTIVIDAD DE RECOPILACIÓN

31. Consolidated Statements of Cash Flows

Cash and cash equivalents are composed of the following elements:

31 December

(In € million) 2014 2013

Bank account & petty cash(1) _{2,280 2,126}

Short-term securities (at fair value through profit & loss) 3,261 2,933 Short-term securities (available for sale) 1,744 2,130

Others(1) _{4 12}

Total cash and cash equivalents(1) _{7,289 7,201}

Thereof presented as cash and cash equivalents 7,271 7,201 Thereof presented as part of disposal groups classified as held for sale 18 0

(1) Previous year figures are adjusted due to the application of IFRS 10 and IFRS 11.

As of 31 December 2014, bank account and petty cash are mostly denominated in €, USD and GBP.

Derivative instruments recognised in the Group’s statement of fi nancial position consist in (a) instruments that are entered into as hedges of the Group’s operating activities or interest result, and (b) in embedded foreign currency derivatives that arise from separating the foreign currency component from certain operating

contracts. Cash fl ows resulting from the settlement of these derivatives are therefore recorded as part of Group cash fl ow from operations. Similarly, fi nancial assets and liabilities arising from customer fi nancing activities, and refundable advances from European Governments are considered part of the Group’s operating activities and related cash fl ows are hence recognised as cash fl ows from operating activities.

The following chart provides details on cash fl ow for acquisitions (resulting in additional assets and liabilities acquired) of subsidiaries,

joint ventures and businesses:

(In € million) 2014 2013

Total purchase price (61) (17) thereof paid in cash and cash equivalents (61) (17) Cash and cash equivalents included in the acquired subsidiaries, joint ventures and businesses 14 1

Cash flow for acquisitions, net of cash (47) (16)

In 2014, the aggregate cash fl ow for acquisitions, net of cash of € -47 million, relates mainly to the acquisition of Alestis Aerospace S.L. (€ -22 million) and of Salzburg München Bank AG (€ -21 million).

In 2013, the aggregate cash fl ow for acquisitions, net of cash of € -16 million relates mainly to the acquisition of Arkoon Network Security S.A. (€ -15 million).

Notes to the Consolidated Financial Statements (IFRS)

2.4 Notes to the Consolidated Statements of Cash Flows

(In € million) 2014 2013

Intangible assets, property, plant and equipment 207 4 Financial assets 315 0

Inventories 25 0

Trade receivables 21 1

Other assets 29 8

Cash and cash equivalents 14 1

Assets 611 14

Provisions (22) (1)

Trade liabilities (23) 0 Financing liabilities (542) (1) Tax liabilities and other liabilities (27) (9)

Liabilities (614) (11)

Fair value of total net (liabilities) assets (3) 3

Increase in non-controlling interests due to acquisitions (17) 0

Fair value of net assets acquired (20) 3

Goodwill arising on acquisitions 54 11

Total consideration 34 14

Gains related to business combinations (1) 0

Consideration 28 0

Linked non-controlling interests squeeze out transactions 0 3 Less cash and cash equivalents of acquired subsidiaries, joint ventures and businesses (14) (1)

Cash flow for acquisitions, net of cash 47 16

The following chart provides details on cash fl ow from disposals (resulting in assets and liabilities disposed) of subsidiaries:

(In € million) 2014

Total selling price 20

thereof received by cash and cash equivalents 20

Cash and cash equivalents included in the disposed subsidiaries (54)

Cash flow from disposals, net of cash (34)

The aggregate cash fl ow from disposals, net of cash, in 2014 of € -34 million, results from the sale of ND Satcom GmbH (€ -24 million) and Test and Services (€ -10 million).

(In € million) 2014

Intangible assets, property, plant and equipment (11)

Financial assets (2)

Inventories (31)

Trade receivables (52)

Other assets (17)

Cash and cash equivalents (54)

Assets (167)

Provisions 57

Trade liabilities 27

Other liabilities 59

Liabilities 143

Book value of net assets (24)

Related disposal of goodwill (5)

Result from disposal of subsidiaries 2

Non-cash effective consideration 7

Less cash and cash equivalents of disposed subsidiaries 54

Cash flow from disposals, net of cash 34

2

2.5 Other Notes to the Consolidated Financial Statements

Airbus Group is involved from time to time in various legal and arbitration proceedings in the ordinary course of its business, the most signifi cant of which are described below. Other than as described below, Airbus Group is not aware of any material governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened), during a period covering at least the previous twelve months which may have, or have had in the recent past signifi cant effects on Airbus Group N.V.’s or the Group’s fi nancial position or profi tability. If the Group concludes that the disclosures relative to contingent liabilities can be expected to prejudice seriously its position in a dispute with other parties, the Group limits its disclosures to the nature of the dispute.

WTO

Although Airbus Group is not a party, Airbus Group is supporting the European Commission in litigation before the WTO. Following its unilateral withdrawal from the 1992 EU-US Agreement on Trade in Large Civil Aircraft, the US lodged a request on 6 October 2004 to initiate proceedings before the WTO. On the same day, the EU launched a parallel WTO case against the US in relation to its subsidies to Boeing. On 19 December 2014, the European Union requested WTO consultations on the extension until the end of 2040 of subsidies originally granted by the State of Washington to Boeing and other US aerospace fi rms until 2024.

On 1 June 2011, the WTO adopted the Appellate Body’s fi nal report in the case brought by the US assessing funding to Airbus from European governments. On 1 December 2011, the EU informed the WTO that it had taken appropriate steps to bring its measures fully into conformity with its WTO obligations, and to comply with the WTO’s recommendations and rulings. Because the US did not agree, the matter is now under WTO panel review pursuant to WTO rules.

On 23 March 2012, the WTO adopted the Appellate Body’s fi nal report in the case brought by the EU assessing funding to Boeing from the US. On 23 September 2012, the US informed the WTO that it had taken appropriate steps to bring its measures fully into conformity with its WTO obligations, and to comply with the WTO’s recommendations and rulings. Because the EU did not agree, the matter is now under WTO panel review pursuant to WTO rules. Exact timing of further steps in the WTO litigation process is subject to further rulings and to negotiations between the US and the EU. Unless a settlement, which is currently not under discussion, is reached between the parties, the litigation is expected to continue for several years.