EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Unaudited Condensed IFRS Consolidated
Financial Information of EADS N.V.
for the nine-month period ended September 30, 2010
Unaudited Condensed IFRS Consolidated Income Statements ………………………………......…2
Unaudited Condensed IFRS Consolidated Income Statements for the third quarter of 2010
and 2009…………………………………………………………….……………………………………......…3
Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income……….……...4
Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income for the third
quarter 2010 and 2009………………………………………………………………………..……….……...4
Unaudited Condensed IFRS Consolidated Statements of Financial Position…………...……...…5
Unaudited Condensed IFRS Consolidated Statements of Cash Flows…………....……………..…6
Unaudited Condensed IFRS Consolidated Statements of Changes in Equity..……………….......7
Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial Statements
as at September 30, 2010…...……. ………………………………….…………...…………..….....….......7
1. The Company……………………………………………………………………………………..…..7
2. Accounting policies……………….………………………………………………..…………….....8
3. Accounting for the A400M program….…..……….………………………………………………94. Changes in the consolidation perimeter of EADS…………………………....…….………...10
5. Segment information………………………………..…………..…………………………..……..10
6. EBIT pre-goodwill impairment and exceptionals…..……..………………………………..…11
7. Significant income statement items………….…………………..………….………..……......12
8. Significant items of the statement of financial position…….……………………...…….....13
9. Significant cash flow items……………………………………………………..…...…..……….15
10. Number of shares………………………………………………………..........................….....…15
11. Earnings per share……………………………………..……………….………...………………..16
12. Related party transactions.………………..…………………...…….……………………..……16
13. Number of employees ……………………………….……………….……………..........………17
14. Litigation and claims …..…………………………….……………….……………..........………17
15. Subsequent events... …..…………………………….……………….……………..........………18

1

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Unaudited Condensed IFRS Consolidated Income Statements

January 1 September 30, 2010
Revenues
Cost of sales
Gross margin
Selling, administrative & otherexpenses
Research and development
expenses

January 1 September 30, 2009

DeviationM€
31,554-27,256
4,298

%
100
-86
14

M€
29,723-25,361
4,362

%
100
-85
15

M€
1,831
-1,895-64-1,739-6-1,733-5-6-2,038-6-1,834

-6

-204

113

0

137

0

-24

Other income
Share of profit from associates
under the equity method and otherincome from investments
Profit before finance result andincome taxes
Interest income
Interest expense
Other financial result
Finance result
Income taxes
Profit for the period

117

0

118

0

-1

751
259
-435
-276
-452
-96
203

2
1
-1
-1
-1
0
1

1,050
299
-388
-526
-615
-140
295

4
1
-1
-2
-2
-1
1

-299
-40
-47
250
163
44
-92

Attributable to:Equity owners of the parent(Net income)Non-controlling interests

198
5

1
0

291
4

1
0

-93
1

Earnings per share

€

€

€

Basic and diluted

0.24

0.36

-0.12

2

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Unaudited Condensed IFRS Consolidated Income Statements for the third
quarter of 2010 and 2009

July 1 September 30, 2010
Revenues
Cost of sales
Gross margin
Selling, administrative & otherexpenses
Research and development
expenses
Other income
Share of profit from associates
under the equity method and otherincome from investments
Profit before finance result andincome taxes
Interest income
Interest expense
Other financial result
Finance result
Income taxes
Profit / loss for the period
Attributable to:Equity owners of the parent(Net income / loss)
Non-controlling interests

July 1 September 30, 2009

DeviationM€
11,246-9,630
1,616

%
100
-86
14

M€
9,528
-8,167
1,361

%
100
-86
14

M€
1,718
-1,463
255

-593

-5

-609

-6

16

-737

-6

-662

-7

-75

24

0

48

0

-24

57

0

51

1

6

367
93
-155
-281
-343
-8
16

3
1
-2
-2
-3
0
0

189
96
-145
-259
-308
34
-85

2
1
-1
-3
-3
0
-1

178
-3
-10
-22
-35
-42
101

13
3

0
0

-87
2

-1
0

100
1

Earnings per share

€

€

€

Basic and diluted

0.02

-0.11

0.13

3

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Unaudited Condensed IFRS Consolidated Statements of Comprehensive
IncomeJanuary 1 September 30,
2010

January 1 September 30,
2009

Profit for the period

203

295

Foreign currency translation differences for foreign operations

132

-238

-2,3702,323

Net change in fair value of available-for-sale financial assets

-151

144

Actuarial losses on defined benefit plans

-550

-208

Tax on income and expense recognized directly in equity

877

-712

Other comprehensive income, net of tax-2,062

1,309

Total comprehensive income of the period-1,8591,604-1,865
6-1,859

1,599
5
1,604

in M €Net change in fair value of cash flow hedges

Attributable to:Equity owners of the parent
Non-controlling interests
Total comprehensive income of the period

Unaudited Condensed IFRS Consolidated Statements of Comprehensive
Income for the third quarter 2010 and 2009
July 1 September 30,
2010

July 1 September 30,
2009

Profit (loss) for the period

16

-85

Foreign currency translation differences for foreign operations

-46

58

in M €Net change in fair value of cash flow hedges

5,082

949

Net change in fair value of available-for-sale financial assets

36

65

Actuarial losses on defined benefit plans0-9

Tax on income and expense recognized directly in equity-1,584-283

Other comprehensive income, net of tax

3,488

780

Total comprehensive income of the period

3,504

695

3,497
7
3,504

692
3
695

Attributable to:Equity owners of the parent
Non-controlling interests
Total comprehensive income of the period

412.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Unaudited Condensed IFRS Consolidated Statements of Financial PositionNon-current assets
Intangible assets
Property, plant and equipment
Investments in associates under theequity method
Other investments and long-term
financial assets
Other non-current assets
Deferred tax assets
Non-current securities
Current assets
Inventories
Trade receivables
Other current assets
Current securities
Cash and cash equivalents
Total assets
Total equity
Equity attributable to equity owners of
the parent
Capital stockReserves
Accumulated other comprehensive
incomeTreasury shares
Non-controlling interests
Non-current liabilities
Non-current provisions
Long-term financing liabilities
Deferred tax liabilities
Other non-current liabilities
Current liabilities
Current provisions
Short-term financing liabilities
Trade liabilities
Current tax liabilities
Other current liabilities
Total liabilities
Total equity and liabilities

September 30, 2010
M€%

December 31, 2009
M€%

DeviationM€%

11,10912,96813
16

11,06012,586

14
16

49
382

0
3

2,406

3

2,514

3

-108

-4

2,442

3

2,210

3

232

10

2,368
3,787
4,896
39,976

3
5
6
49

2,783
2,656
3,983
37,792

3
3
5
47

-415
1,131
913
2,184

-15
43
23
6

23,128
6,081
3,518
4,988
4,791
42,50682,482

28
7
4
6
6
51
100

21,577
5,587
4,238
4,072
7,038
42,51280,304

27
7
5
5
9
53
100

1,551
494
-720
916
-2,247
-6
2,178

7
9
-17
22
-32
0
3

816
6,960

1
9

816
7,182

1
9

0
-222

0
-3

991

1

2,646

3

-1,655

-63

-123
8,644
94
8,738

0
11
0
11

-109
10,535106
10,641

0
13
0
13

-14
-1,891-12-1,903

13
-18
-11
-18

8,646
2,924
996
17,971
30,537

10
4
1
22
37

8,137
2,867
751
15,532
27,287

10
4
1
19
34

509
57
245
2,439
3,250

6
2
33
16
12

5,885
1,425
8,141
205
27,551
43,20773,744
82,482

7
2
10
0
33
52
89
100

5,883
2,429
8,217
220
25,62742,376
69,66380,304

8
3
10
0
32
53
87
100

2
-1,004
-76
-15
1,924
831
4,081
2,178

0
-41
-1
-7
8
2
6
3

5

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Unaudited Condensed IFRS Consolidated Statements of Cash Flows

Profit for the period attributable to equity owners of the parent(Net income)
Profit for the period attributable to non-controlling interests

January 1 September 30,
2010

January 1 September 30,
2009

M€

M€
198

291

5

4

Adjustments to reconcile profit for the period to cash provided by (usedfor) operating activities
Depreciation and amortization

1,149

1,233

Valuation adjustments

31

108

Deferred tax (income) expense

-51

60

Change in income tax assets, income tax liabilities and provisions forincome tax

72

200

Results on disposal of non-current assets

-18

-30

Results of companies accounted for by the equity method

-83

-95

Change in current and non-current provisions

250

49

Change in other operating assets and liabilities

531-1,8382,084-18-1,307-1,274- Proceeds from disposals of intangible assets, PPE

18

23- Proceeds from disposals of subsidiaries (net of cash)- Payments for investments in associates and otherinvestments and long-term financial assets

0

16

-114

-81

- Proceeds from disposals of associates and otherinvestments and long-term financial assets

69

21- Dividends paid by companies valued at equity

41

27

Cash provided by (used for) operating activities
Investments:- Purchase of intangible assets, PPE

Disposals of non-current assets / disposal groups classified as held forsale and liabilities directly associated with non-current assets classified
as held for sale

0104Change in securities-1,831-846

Contribution to plan assets for pensions-323-3,4470-2,010-881

814

Cash distribution to EADS N.V. shareholders

0

-162

Dividends paid to non-controlling interests-60Cash (used for) investing activities
Change in long-term and short-term financing liabilities

Capital increase and changes in non-controlling interests-25

2

Change in treasury shares
Cash (used for) provided by financing activities
Effect of foreign exchange rate changes and other valuation adjustments
on cash and cash equivalents

-14
-926

-15
639

Net (decrease) in cash and cash equivalents

42-2,247-58-1,447

Cash and cash equivalents at beginning of period

7,038

6,745

Cash and cash equivalents at end of period

4,791

5,298

6

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

As of September 30, 2010, EADS’ cash position (stated as cash and cash equivalents in the
Unaudited Condensed IFRS Consolidated Statements of Cash Flows) includes 706 M € (751 M € asof December 31, 2009), which represents EADS’ share in MBDA’s cash and cash equivalents
deposited at other shareholders. These funds are available for EADS upon demand.

Unaudited Condensed IFRS Consolidated Statements of Changes in Equity
in M €
Balance at January 1, 2009

Equityattributable to Non-controlling
equity owners ofinterests
the parent
11,022
104

total
11,126

Total comprehensive income

1,599

5

1,604

Cash distribution to shareholders

-162

0

-162

Capital Increase

0

2

2

Change in treasury shares

-15

0

-15

Others12-111Balance at September 30, 2009

12,456110

12,566

Balance at January 1, 2010

10,535106

10,641

Total comprehensive income-1,865

6-1,8590-6-6Capital decrease

-20

-6

-26

Change in treasury shares

-14

0

-14

Dividends

OthersBalance at September 30, 2010

8

-6

2

8,644

94

8,738

Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial
Statements as at September 30, 2010
1. The Company
The accompanying Unaudited Condensed Consolidated Financial Statements present theoperations of European Aeronautic Defence and Space Company EADS N.V. and its
subsidiaries (“EADS” or the “Group”), a Dutch public limited liability company (Naamloze
Vennootschap) legally seated in Amsterdam (current registered office at Mendelweg 30, 2333 CS
Leiden, The Netherlands), and are prepared and reported in Euros (“€”). EADS’ core business isthe manufacturing of commercial aircraft, civil and military helicopters, commercial space launchvehicles, missiles, military aircraft, satellites, defence systems and defence electronics andrendering of services related to these activities. The Unaudited Condensed IFRS Consolidated
Financial Statements for the nine-month period ended September 30, 2010 were authorized for
issue by EADS’ Board of Directors on November 10, 2010.

7

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

2. Accounting policies
These Unaudited Condensed Consolidated Financial Statements have been prepared inaccordance with IAS 34 Interim Financial Reporting as adopted by the European Union (EU).
EADS’ Consolidated Financial Statements are prepared in accordance with International Financial
Reporting Standards (“IFRS”), issued by the International Accounting Standards Board (“IASB”)
and as endorsed by the EU and Part 9 of Book 2 of the Netherlands Civil Code. They comprise (i)IFRS, (ii) International Accounting Standards (“IAS”) and (iii) Interpretations originated by theInternational Financial Reporting Interpretations Committee (“IFRIC”) or former Standards
Interpretation Committee (“SIC”).
These Unaudited Condensed IFRS Interim Consolidated Financial Statements should be read in
conjunction with EADS’ Consolidated Financial Statements as of December 31, 2009. Except for
the revised or amended Standards to be applied for the first time in the first nine months 2010
(mentioned below in the next section), EADS’ accounting policies and techniques are unchanged
compared to December 31, 2009.
As a refinement of its hedging policy, EADS records the fair value gains or losses of certain foreignexchange rate derivatives in EBIT to better reflect the natural offset these derivatives provide to
the remeasurement gains or losses of specific foreign exchange rate items (‘natural hedge’).
Financial reporting rules applied for the first time in the first nine months 2010
The following revised or amended Standards were applied for the first time in the first nine months
2010 and are effective for EADS as of January 1, 2010. If not otherwise stated, the following
revised or amended standards do not have a material impact on EADS’ Consolidated Financial
Statements as well as its basic and diluted earnings per share.

The amendment to IFRS 2 "Share-based Payment - Group Cash-settled Share-based Payment
Transactions" amends the definitions in IFRS 2 for transactions and arrangements, as well as thescope of the Standard. In addition, guidance is given for accounting for share-based paymenttransactions amongst group entities.
IFRS 3R “Business Combinations” and IAS 27 (amend.) “Consolidated and Separate Financial
Statements” is mandatory for EADS since January 1, 2010. IFRS 3R introduces a number ofchanges in the accounting for business combinations that are likely to be relevant to EADS’operations: The definition of a business has been broadened, which is likely to result in moreacquisitions being treated as business combinations. Contingent consideration will be measured atfair value, with subsequent changes therein recognized in profit or loss. Transaction costs, otherthan share and debt issue costs, will be expensed as incurred. Any pre-existing interest in theacquiree will be measured at fair value with the gain or loss recognized in profit or loss. Any noncontrolling interest will be measured at either fair value, or at its proportionate interest in theidentifiable assets and liabilities of the acquiree, on a transaction-by-transaction basis. Further,
IAS 27 (amend.) requires that a change in the ownership interest of a subsidiary without gaining or
losing control is accounted for as an equity transaction. Therefore such transactions regarding
changes in non-controlling interest will no longer give rise to goodwill, nor will it give rise to again/loss.
The objective of the Amendment “Eligible Hedged Items – Amendment to IAS 39 “Financial
Instruments: Recognition and Measurement”” is to propose rules-based amendments to IAS 39 tosimplify the hedge accounting requirements by clarifying the risks that may be designated as

8

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

hedged risks and the portion of cash flows of a financial instrument that may be designated as ahedged item.
In April 2009, the IASB issued its second omnibus of amendments to its standards containing 15
amendments to 10 IFRS Standards and 2 Interpretations. The amendments refer to a broad set of
IFRS Standards and Interpretations including IFRS 2, IFRS 5, IFRS 8, IAS 1, IAS 7, IAS 17, IAS
18, IAS 36, IAS 38, IAS 39, IFRIC 9 and IFRIC 16. Furthermore, the amendments made to IFRS 5
due to the Annual Improvement Project 2008 were also applied by EADS for the first time in thefirst nine months 2010.
The following endorsed Interpretations were also required to be applied for the first time in the firstnine months 2010. These Interpretations have no material impact on EADS’ Consolidated
Financial Statements as well as its basic and diluted earnings per share.
IFRIC 12 “Service Concession Arrangements”
IFRIC 17 “Distribution of Non-Cash Assets to Owners”
IFRIC 18 “Transfers of Assets from Customers”

New financial reporting rules issued during the first nine months 2010
The following minor amendments were published during the first nine months 2010, which are notexpected to have an impact on EADS’ Consolidated Financial Statements as well as its basic anddiluted earnings per share.
In May 2010, the IASB issued its third omnibus of amendments to its standards affecting 6 IFRSStandards and 1 Interpretation, including IFRS 1, IFRS 3, IFRS 7, IAS 1, IAS 27, IAS 34 and
IFRIC 13.

3. Accounting for the A400M program
EADS resumed the common percentage of completion method for the A400M program fromJanuary 2010 onwards, i.e. A400M related contract revenues and contract costs are recognized asrevenues and expenses respectively by reference to the stage of completion of the A400M
contract activity at the reporting date.
The technical progress of the A400M program - amongst other including the first flight of the third
prototype aircraft on July 12, 2010 and further successful test flights accumulating to 181 flights /617 flight-hours to the end of September - resulted in the recognition of A400M related revenues of
515 M€ until September 30, 2010. Overall the A400M flight test program is progressing better than
expected.
As of September 30, 2010 the A400M provision amounts to 2,489 M€ (prior year end: 2,464 M €).
EADS/Airbus/AMSL and the Launch Nations continued their negotiations since March 5, 2010 inview of transforming the “A400M Understanding” into a contract amendment and a related export
levy facility scheme. The direction of these negotiations confirmed in principle the assumptions of
EADS’ management used for the year end reporting 2009. As previously released, areassessment of these assumptions could have a significant impact on future results.
For further information on the A400M program and relating accounting impacts including potential
impacts in case of a reassessment of the determining elements of the A400M provision see note 3

912.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

“Accounting for the A400M programme” in the notes to the Consolidated Financial Statements forthe year ending December 31, 2009 and note 15 “Subsequent events” of this document.

4. Changes in the consolidation perimeter of EADSIn 2008, EADS concluded negotiations with GKN to divest its Airbus site in Filton (UK). The closingof the sale occurred on January 5, 2009.
On January 7, 2009, DAHER acquired a 70% majority share of EADS SOCATA. The remaining
30% of EADS SOCATA are accounted for using the equity method and presented in “Other
Businesses”.
Apart from these transactions, other acquisitions or disposals by the Group that occurred in thefirst nine months of 2010 or 2009, respectively, are not material.

5. Segment information
The Group operates in five reportable segments which reflect the internal organizational andmanagement structure according to the nature of the products and services provided.
• Airbus Commercial — Development, manufacturing, marketing and sale of commercial jet
aircraft of more than 100 seats; aircraft conversion.
• Airbus Military — Development, manufacturing, marketing and sale of military transport aircraft
and special mission aircraft. Airbus Military integrates the former Military Transport Aircraft
Division (MTAD) and Airbus A400M operations.
The reportable segments Airbus Commercial and Airbus Military form the Airbus Division.
• Eurocopter — Development, manufacturing, marketing and sale of civil and military helicopters;
provision of helicopter related services.
• Astrium — Development, manufacturing, marketing and sale of satellites, orbital infrastructuresand launchers; provision of space services.
The Defence & Security Division was renamed to Cassidian in the third quarter 2010:• Cassidian — Development, manufacturing, marketing and sale of missiles systems, 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 securecommunications solutions and logistics; training, testing, engineering and other related services.
The following table presents information with respect to the Group’s business segments. “Other
Businesses” mainly comprises the development, manufacturing, marketing and sale of regional
turboprop aircraft, aircraft components as well as the Group’s activities managed in the US.
Consolidation effects, the holding function of EADS Headquarters and other activities not allocableto the reportable segments are disclosed in the column “HQ / Conso.”.

10

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

in M €

AirbusCommercial

AirbusMilitary

Other
Total
Astrium Cassidian Businessegments
ses

Eurocopter

HQ/
Conso.

Consolidated

Nine-month period ended September 30, 2010
Revenues

20,446

1,540

3,085

3,226

3,470

805

32,572-1,01831,554

Research anddevelopment expenses-1,607

-6

-135

-50

-181

-6

-1,985-53-2,038

Profit (loss) before
finance result andincome taxes

308

-36

120

155

199

-6

740

11

751

EBIT pre-goodwill imp.
and exceptionals (seedefinition below)

328

-35

121

158

204

-6

770

14

784

Nine-month period ended September 30, 2009
Revenues

18,949

1,637

3,039

3,228

3,296

723

30,872-1,14929,723

Research anddevelopment expenses-1,463

-10

-107

-52

-138

-3

-1,773-61-1,834

Profit (loss) before
finance result andincome taxes

725

-217

164

152

210

3

1,037

13

1,050

EBIT pre-goodwill imp.
and exceptionals (seedefinition below)

743

-216

165

155

220

3

1,070

19

1,089

The presentation for Airbus Commercial, Airbus Military and HQ/Conso. for the first nine months 2009 is adjusted
according to the presentation for the first nine months 2010.

6. EBIT pre-goodwill impairment and exceptionals
EADS 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 EADS merger, the Airbus combination and the formation of MBDA, as
well as impairment charges thereon. It also comprises disposal impacts related to goodwill and fairvalue adjustments from these transactions. EBIT pre-goodwill impairment and exceptionals is
treated by management as a key indicator to measure the segments’ economic performances.
The reconciliation from profit before finance result and income taxes to EBIT pre-goodwill
impairment and exceptionals is set forth in the following table (in M €):11

12.11.2010

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010
January 1September 30,
2010

January 1September 30,
2009

751

1,050

Exceptional depreciation (fixed assets in cost of sales)

33

38

Exceptional disposal (fixed assets in other income)

0

1

784

1,089

in M €
Profit before finance result and income taxes
Goodwill and exceptionals:

EBIT pre-goodwill impairment and exceptionals

7. Significant income statement items
Revenues of 31,554 M € (first nine months 2009: 29,723 M €) increase by +1,831 M €, mainly at
Airbus Commercial and Cassidian. Airbus Military includes revenues related to the A 400M
program of 515 M € recognized under the percentage of completion method (first nine months of
2009: 399 M € recognized under the early stage method of accounting). Moreover, Other
Businesses and Eurocopter contributed positively. Positive volume and mix effects in Airbus
Commercial are partly offset by an unfavorable US dollar impact.
The Gross Margin decreases by -64 M € to 4,298 M € compared to 4,362 M € in the first ninemonths of 2009. This reduction is mainly related to unfavorable foreign exchange rate effects
partly compensated by positive volume and mix effects at Airbus Commercial.
Research and development expenses increase by -204 M € to -2,038 M € (first nine months
2009: -1,834 M €) principally reflecting an increase for the Airbus A350XWB and some Cassidianand Eurocopter programs partly compensated by a decrease in the Airbus A330-220F program.
Other income of 113 M € (first nine months 2009: 137 M €) includes the gain on the disposal of
DASELL Cabin Interior GmbH, Hamburg with +16 M € (while the first nine months 2009 include
the gain on the disposal of Filton site in the amount of +33 M €).
Share of profit from associates under the equity method and other income frominvestments of 117 M € (first nine months 2009: 118 M €) mainly consists of the result of Dassault
Aviation of 100 M € (first nine months 2009: 107 M €). The Dassault Aviation equity accounted-for
income in the first nine months 2010 includes a positive catch-up on 2009 results amounting to
3 M € (first nine months 2009: 4 M € positive catch-up on 2008 results).
Finance result amounts to -452 M € (first nine months 2009: -615 M €) mainly including interest
result of -176 M € (first nine months 2009: -89 M €) reflecting decreasing interest rates on cash
balances. Other financial result amounts to -276 M € (first nine months 2009: -526 M €) andmainly includes charges from the negative revaluation of financial instruments (-180 M €, first ninemonths 2009: -249 M €) and the unwinding of discounted provisions (-174 M €, first nine months
2009: -197 M €), partly compensated by the positive impact from foreign exchange translation ofmonetary items (72 M €, first nine months 2009: -16 €).
The income tax expense of -96 M € (first nine months 2009: -140 M €) corresponds to an effective
income tax rate of 32% (first nine months 2009: 32%).

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

8. Significant items of the statement of financial positionNon-current assets
Intangible assets of 11,109 M € (prior year-end: 11,060 M €) include 9,768 M € (prior year-end:
9,741 M €) of goodwill. This mainly relates to Airbus Commercial (6,425 M €), Cassidian (2,519 M€), Astrium (607 M €) and Eurocopter (117 M €). The last annual impairment tests, which were
performed in the fourth quarter of 2009, did not lead to any impairment charges.
Eliminating foreign exchange-rate effects of +154 M €, property, plant and equipment increaseby +228 M € to 12,968 M € (prior year-end: 12,586 M €), including leased assets of 712 M € (prioryear-end: 703 M €). Property, plant and equipment also comprise “Investment property” amounting
to 76 M € (prior year-end: 78 M €).
Investments in associates under the equity method of 2,406 M € (prior year-end: 2,514 M €)mainly reflect the decrease in the equity investment in Dassault Aviation, amounting to 2,283 M €(prior year-end: 2,380 M €).
Other investments and other long-term financial assets of 2,442 M € (prior year-end: 2,210
M €) are related to Airbus for an amount of 1,864 M € (prior year-end: 1,691 M €), mainly
concerning the non-current portion of aircraft financing activities including a foreign exchange rate
effect of +74 M €.
Other non-current assets mainly comprise non-current derivative financial instruments and noncurrent prepaid expenses. The decrease by -415 M € to 2,368 M € (prior year-end: 2,783 M €) ismainly caused by the negative variation of the non-current portion of fair values of derivative
financial instruments (-408 M €).
Deferred tax assets of 3,787 M € (prior year-end: 2,656 M €) are presented as non-current assets
as required by IAS 1. The increase is mainly due to the negative variation of fair values ofderivative financial instruments.
The fair values of derivative financial instruments are included in other non-current assets (899M €, prior year-end: 1,307 M €), in other current assets (406 M €, prior year-end: 937 M €), in othernon-current liabilities (1,931 M €, prior year-end: 732 M €) and in other current liabilities (640 M €,prior year-end: 220 M €) which corresponds to a total net fair value of -1,266 M € (prior year-end:
1,292 M €). The volume of hedged US dollar-contracts increases from 60.8 billion US dollar as at
December 31, 2009 to a net of 71.8 billion US dollar as at September 30, 2010. The US dollar
vanilla options of 2 billion US dollar as of December 31, 2009 were sold. Collars in the amount of
2.3 billion US dollar were purchased. The US dollar spot rate became more favorable (USD / €spot rate of 1.36 at September 30, 2010 vs. 1.44 at December 31, 2009). The average US dollar
hedge rate for the hedge portfolio of the Group improves slightly from 1.39 USD / € as at
December 31, 2009 to 1.38 USD / € as at September 30, 2010, respectively.

Current assets
Inventories of 23,128 M € (prior year-end: 21,577 M €) increase by +1,551 M €. This is mainly
driven by an increase in unfinished goods and services in Cassidian (+687 M €) and in Eurocopter(+413 M €) coming from commercial programs as well as governmental programs (NH 90 and
Tiger).
Trade receivables increase by +494 M € to 6,081 M € (prior year-end: 5,587 M €), mainly caused
by Astrium (+247 M €) and Airbus (+219 M €).

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Other current assets include “Current portion of other long-term financial assets”, “Current otherfinancial assets”, “Current other assets” and “Current tax assets”. The decrease of -720 M € to
3,518 M € (prior year-end: 4,238 M €) comprises among others a decrease of -531 M € in positive
fair values of derivative financial instruments and reduced receivables from related companies(-210 M €, mainly Eurofighter Jagdflugzeug GmbH). This is partly compensated by increasing
current other assets (+93 M €), comprising among others claims to tax rebates and current prepaid
expenses.
Cash and cash equivalents decrease from 7,038 M € to 4,791 M € (see also note 9 “Significant
cash flow items”).

Total equity
Equity attributable to equity owners of the parent (including purchased treasury shares) amounts
to 8,644 M € (prior year-end: 10,535 M €). The decrease in equity is mainly due to acomprehensive income for the period of -1,865 M €, primarily resulting from a negative net change
in fair value of cash flow hedges and from actuarial losses on defined benefit pension plans(please refer to “non-current provisions”), partly offset by corresponding changes of deferredtaxes.
Non-controlling interests slightly decrease to 94 M € (prior year-end: 106 M €).

Non-current liabilities
Non-current provisions of 8,646 M € (prior year-end: 8,137 M €) comprise the non-current
portion of pension provisions with an increase of +409 M € to 5,489 M € (prior year-end: 5,080
M €). Compared with year-end 2009, the assumed discount rate applied to the calculation ofpension provisions decreases from 5.3 % (Germany) and 5.25 % (France) to 4.4 % and from
5.7 % to 5.5 % (UK), leading to an increase of about 540 M € with a corresponding effect in
actuarial losses in equity and deferred tax assets.
Moreover, other provisions are included in non-current provisions, which increase by +100 M € to
3,157 M €. The increase mainly reflects provisions for aircraft financing activities (+65 M €) due toforeign exchange rate effects and provisions for loss making contracts (+54 M €), partly offset by adecrease of provisions for restructuring measures (-39 M €).
Long-term financing liabilities, which mainly comprise bonds, increase by +57 M € to 2,924 M €(prior year-end: 2,867 M €).
Other non-current liabilities, comprising “Non-current other financial liabilities”, “Non-current
other liabilities” and “Non-current deferred income”, increase in total by +2,439 M € to 17,971 M €(prior year-end: 15,532 M €). The increase mainly comes from the non-current portion of liabilities
for derivative financial instruments (+1,199 M €), amounting to 1,931 M € (prior year-end: 732 M €)and the non-current portion of government receipts for development programs.

Current liabilities
Current provisions increase by +2 M € to 5,885 M € (prior year-end: 5,883 M €) and comprisethe current portions of pensions (226 M €) and other provisions (5,659 M €). An increase of

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010provisions for service and maintenance agreements (+78 M €) is partly reduced by a decrease ofprovisions for outstanding costs (-69 M €).
Short-term financing liabilities of 1,425 M € (prior year-end: 2,429 M €) decrease by -1,004 M €,mainly due to the repayment of the first tranche of the EMTN bond with an amount of 1 billion € in
March 2010.
Other current liabilities include “Current other financial liabilities”, “Current other liabilities” and“Current deferred income”. They increase by +1,924 M € to 27,551 M € (prior year-end: 25,627
M €). Other current liabilities mainly comprise current customer advance payments of 23,016 M €(prior year-end: 21,271 M €), increasing by +1,745 M €.

9. Significant cash flow items
Cash provided by / used for operating activities increases by +2,102 M € to +2,084 M € (firstnine months 2009: -18 M €). Gross cash flow from operations (before changes in other operating
assets and liabilities) of +1,553 M € falls below the prior period’s level (first nine months 2009:+1,820 M €). The decrease is affected by foreign exchange rate effects. Changes in otheroperating assets and liabilities amount to +531 M € (first nine months 2009: -1,838 M €), mainlyreflecting increases in advance payments received as well as government receipts fordevelopment programs, partly compensated by an increase in inventories (mainly in Cassidian andEurocopter).
Cash used for investing activities amounts to -3,447 M € (first nine months 2009: -2,010 M €).
This mainly comprises purchases of intangible assets and property, plant and equipment of -1,307
M € (first nine months 2009: -1,274 M €), namely in Airbus division, a change in securities of 1,831 M € (first nine months 2009: -846 M €) and contributions to plan assets for pensions of -323
M € (first nine months 2009: 0 M €).
Cash used for / provided by financing activities decreases by -1,565 M € to -926 M € (first ninemonths 2009: +639 M €). The outflow in 2010 primarily comprises the repayment of the firsttranche of the EMTN bond (1 billion €) included in financing liabilities.

10. Number of shares
The total number of shares outstanding is 810,461,129 and 808,803,672 as of September 30,
2010 and 2009, respectively. EADS’ shares are exclusively ordinary shares with a par value of
1.00 €.
During the first nine months 2010, the number of treasury shares held by EADS increased from
5,196,450 as of December 31, 2009 to 5,865,132 as of September 30, 2009.
In the first nine months of 2010, EADS issued 221,200 new shares (in the first nine months 2009:no issuance of shares).

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

11. Earnings per share
Basic earnings per share are calculated by dividing profit for the period attributable to equity
holders of the parent (Net income) by the weighted average number of issued ordinary shares
during the period, excluding ordinary shares purchased by the Group and held as treasury shares:
January 1 to
September 30,
2010
Net income attributable to equity owners of the parent
Weighted average number of ordinary shares outstanding
Basic earnings per share

January 1 to
September 30,
2009

198 M €

291 M €

810,745,035

810,057,593

0.24 €

0.36 €For calculation of the diluted earnings per share, the weighted average number of ordinary
shares is adjusted to assume conversion of all potential ordinary shares. After the end of thevesting period for the performance and restricted shares, the Group’s only remaining category of
dilutive potential ordinary shares is stock options. Since the average price of EADS shares
exceeded the exercise price of the 5th stock option plan initiated by the Group during the first ninemonths of 2010 (in the first nine months of 2009: no option plan), 125,934 shares (in the first ninemonths of 2009: no shares), related to stock options were considered in the calculation of diluted
earnings per share. In the first nine months of 2009, 1,218,814 shares related to performance andrestricted shares were considered in the calculation, since the average price of EADS shares
during the first nine months of 2009 exceeded the price of performance and restricted shares.

January 1 to
September 30,
2010
Net income attributable to equity owners of the parent
Weighted average number of ordinary shares outstanding(diluted)
Diluted earnings per share

January 1 to
September 30,
2009

198 M €

291 M €

810,870,969

811,276,407

0.24 €

0.36 €

12. Related party transactions
The Group has entered into various transactions with related companies in the first nine months of2010 and 2009 that have all been carried out in the normal course of business. As it is the Group’s
policy, all related party transactions have to be carried out at arm’s length. Transactions withrelated parties include the French State, Daimler, Lagardère and SEPI (Spanish State). Except for
the transactions with the French State and SEPI, such transactions are not considered material to
the Group either individually or on aggregate. The transactions with the French State include
mainly sales from the Eurocopter, Cassidian and Astrium divisions as well as Airbus Military. The
transactions with SEPI include mainly sales from Airbus Military and Cassidian.

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

13. Number of employees
The number of employees as at September 30, 2010 is 120,580 as compared to 119,506 as at
December 31, 2009.

14. Litigation and claims
The following supplements and amends the discussion set forth under note 33 “Litigation andclaims” in the notes to the Consolidated Financial Statements for the year ending December 31,
2009.

Paragraphs 2 and 3 are replaced by the following: In 2005, the liquidator of FlightLease HoldingsGroup (a SwissAir subsidiary and 50% shareholder of the special purpose vehicle GFAC, a joint
venture between Swissair and GATX), prompted a lawsuit by GFAC against Airbus in a court in
New York to recover USD 227 million in pre-delivery payments, together with interest and costs.
The lawsuit followed Airbus’ termination of a purchase agreement with GFAC in October 2001 for
38 single-aisle and long-range aircraft, in the context of Swissair’s bankruptcy. In 2006, theFlightLease liquidator brought a separate action before the commercial court of Paris to recover an
additional USD 319 million in pre-delivery payments, together with interest and costs, on a
separate purchase agreement between Airbus and a wholly owned subsidiary of FlightLease(which was also terminated by Airbus in the context of SwissAir’s bankruptcy). On 6
February 2009, the trial judge in the New York action decided in favor of GFAC. Airbus appealed
the decision to the appellate division. In May 2010, while the decision on Airbus’ appeal in the
New York lawsuit was still pending and before trial had commenced in the Paris lawsuit, theparties agreed on a confidential settlement to terminate all proceedings.

Paragraph 4 is amended by the following: Although EADS is not a party, EADS is supporting theEuropean Commission in litigation before the WTO. On 30 June 2010 the final report was
published in the case brought by the US which did not become binding because it was appealed.
A preliminary report in the case brought by the EU concerning subsidies to Boeing was provided tothe parties on 15 September 2010. It is expected to be made public in early 2011 and is also
subject to appeal.

Paragraph 7 is replaced by the following: On 12 June 2008, two actions were initiated in the UnitedStates District Court for the Southern District of New York, one of which was voluntarily withdrawn
shortly thereafter. The remaining action purported to be a class action brought on behalf of all
persons and entities residing in the United States who purchased or otherwise acquired EADS’common stock during the period from 27 July 2005 through 9 March 2007. Named as defendants,
were EADS and four current or former executives of EADS and Airbus. The action soughtdamages in an unspecified amount, with interest and attorneys’ fees, for alleged violations of the
US securities laws in connection with financial disclosures issued by EADS in 2005, 2006 and2007 and public statements made during that same time frame relating to A380 programmedelays. On 26 March 2010, the Court granted defendants’ motion to dismiss for lack of subject
matter jurisdiction. On 23 April 2010, plaintiff filed a notice of appeal of the Court’s decision, which
was withdrawn on 23 August 2010.

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended September 30, 2010

Paragraph 10 is replaced by the following: On 10 November 2009, Airbus Military SL (AMSL)
notified Europrop International GmbH (EPI), the engine manufacturer under the A400M aircraft
programme, that it had a number of contractual claims against it for breach of Milestones 7, 8 and
9 under the engine agreement, in an amount currently totalling approximately 500 M €. On 8
February 2010, EPI notified AMSL of its own claims under the engine agreement in an amount
totalling approximately 425 M €, and on 23 February 2010, EPI sent notice of its intent to seek
arbitration, and of its sending of a request for arbitration to the International Chamber ofCommerce (ICC) on the same day. On 4 May 2010, AMSL and EPI entered into a Standstill
Agreement to allow without prejudice business discussions and renegotiations, which are ongoing.

The following additional paragraph is added: On 30 July 2010, Constructions Industrielles de laMéditerrannée ("CNIM") brought an action against EADS and certain of its subsidiaries before thecommercial court of Paris, alleging anti-competitive practices, breach of long term contractual
relationships and improper termination of pre-contractual discussions. CNIM is seeking
approximately 115 M € in damages on a joint and several basis. EADS believes that the plaintiff's
action lacks merit and will mount a vigorous defense. The proceedings are currently at an earlystage.

15. Subsequent events
On November 3, 2010, the Enterprise Chamber (Ondernemingskamer) of the Court of Appeal in
Amsterdam rejected two separate requests by institutional shareholders to open an inquiry into the
management and affairs of EADS, primarily with respect to the A380 programme delays
announced in 2006 and the related disclosures to the market.

On November 5, 2010, EADS and Airbus concluded the negotiations with OCCAR and the seven
A400M launch customer nations with an agreement further detailing the principle agreement
reached in March 2010. The revised OCCAR agreement is subject to ratification by each customer
nation before final adoption. While the overall economics of the March agreement (the “A400M
Understanding”) remain unchanged, the government payments are now more back-loaded thanpreviously expected. Negotiations on the export levy facility (ELF) scheme are expected to be
finalized before the end of the year.

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