EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Unaudited Condensed IFRS Consolidated
Financial Information of EADS N.V.
for the nine-month period ended 30 September 2012
Unaudited Condensed IFRS Consolidated Income Statements ………………………………......…2
Unaudited Condensed IFRS Consolidated Income Statements for the third quarter of 2012
and 2011…...…………………………………………………………….……………………………….......…3
Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income……….……...4
Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income for thethird quarter 2012 and 2011……….…………………………………………………………………….…...5
Unaudited Condensed IFRS Consolidated Statements of Financial Position…………...……...…6
Unaudited Condensed IFRS Consolidated Statements of Cash Flows…………....……………..…7
Unaudited Condensed IFRS Consolidated Statements of Changes in Equity..……………...........8
Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial Statements
as at 30 September 2012….……………………….………………….………...…………..…......…..........8
1. The Company………………………………………………………………………………..…..……82. Accounting policies……………….………………………………………………..…..…….........93. Acquisitions and other M&A transactions………………………………………………………94. Segment information………………………………..…………..………………………….....…..10
5. EBIT pre-goodwill impairment and exceptionals…..……..………………….…………..…..11
6. Significant income statement items………….…………………..………….……………........12
7. Significant items of the statement of financial position…….……………………...…........13
8. Significant cash flow items……………………………………………………..…...…..……….15
9. Number of shares………………………………………………………................................….15
10. Earnings per share……………………………………..……………….………...……...………..16
11. Related party transactions.………………..…………………...…….……………………..……17
12. Number of employees ……………………………….……………….……………..........………17
13. Litigation and claims …..…………………………….……………….……………..........………17
14. Subsequent events…………………………………………………………………………………18

1

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Unaudited Condensed IFRS Consolidated Income Statements

1 January 30 September 2012
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 for the period
Attributable to:Equity owners of the parent(Net income)Non-controlling interests

1 January 30 September 2011

Deviation

M€
37,258-31,710
5,548

%
100
-85
15

M€
32,687-28,256
4,431

%
100
-86
14

M€
4,571
-3,454
1,117-2,159-5-1,817-5-342-2,145-6-2,151

-7

6

154

0

286

1

-132

188

0

84

0

104

1,586
168
-405
-100
-337
-346
903

4
0
-1
0
-1
-1
2

833
321
-330
-203
-212
-198
423

3
1
-1
-1
-1
-1
1

753
-153
-75
103
-125
-148
480

903
0

2
0

421
2

1
0

482
-2

Earnings per share

€

€

€

Basic and diluted

1.10

0.52

0.58

2

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Unaudited Condensed IFRS Consolidated Income Statements for the third
quarter of 2012 and 2011
1 July 30 September 2012
Revenues
Cost of sales
Gross margin
Selling, administrative & otherexpenses
Research and development
expenses

1 July 30 September 2011

Deviation

M€
12,324-10,507
1,817

%
100
-85
15

M€
10,751-9,356
1,395

%
100
-87
13

M€
1,573
-1,151
422

-701

-6

-603

-5

-98

-720

-6

-742

-7

22

70

1

219

2

-149

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

61

0

43

0

18

527
39
-133
-4
-98
-119
310

4
0
0
0
0
-1
3

312
136
-48
66
154
-153
313

3
1
0
1
2
-2
3

215
-97
-85
-70
-252
34
-3

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

309
1

3
0

312
1

3
0

-3
0

Earnings per share

€

€

€

Basic and diluted

0.38

0.38

0.00

3

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Unaudited Condensed IFRS Consolidated Statements of Comprehensive
Income1 January 30 September
2012

1 January 30 September
2011

Profit for the period

903

423

Foreign currency translation differences for foreign operations

-27

-33

Net change in fair value of cash flow hedges

500

390

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

155

-53

Actuarial losses on defined benefit plans

-830

-330

-204

137

71

-17

Other comprehensive income, net of tax

-335

94

Total comprehensive income of the period

568

517

571
-3
568

512
5
517

Unrealized changes from investments accounted forusing the equity method
Tax on income and expense recognized directly in equity

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

408.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Unaudited Condensed IFRS Consolidated Statements of Comprehensive
Income for the third quarter 2012 and 2011

in M €
Profit for the period
Foreign currency translation differences for foreign operations

1 July 30 September
2012

1 July 30 September
2011

310

313

-45

26

1,790

-2,934

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

42

-198

Actuarial losses on defined benefit plans

0

-330

Net change in fair value of cash flow hedges

Unrealized changes from investments accounted forusing the equity method-421

Tax on income and expense recognized directly in equity

-577

1,002

Other comprehensive income, net of tax

1,206-2,413

Total comprehensive income of the period

1,516-2,100

1,516
0
1,516

-2,106
6-2,100Attributable to:Equity owners of the parent
Non-controlling interests
Total comprehensive income of the period508.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

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

30 September 2012
M€%

31 December 2011
M€%

DeviationM€%

13,09914,69915
16

12,745
14,233

14
16

354
466

3
3

2,586

3

2,677

3

-91

-3

2,460

3

2,378

3

82

3

2,271
4,511
6,428
46,054

2
5
7
51

1,884
4,309
7,229
45,455

2
5
8
51

387
202
-801
599

21
5
-11
1

26,166
6,181
4,719
2,409
4,856
44,331
90,385

29
7
5
3
5
49
100

22,563
6,399
4,503
4,272
5,284
43,021
88,476

26
7
5
5
6
49
100

3,603
-218
216
-1,863
-428
1,310
1,909

16
-3
5
-44
-8
3
2

827
7,955

1
9

820
7,990

1
9

7
-35

1
0

491

0

153

0

338

221

-84
9,189
30
9,219

0
10
0
10

-113
8,850
20
8,870

0
10
0
10

29
339
10
349

-26
4
50
4

9,913
3,519
1,284
18,36033,076

11
4
2
20
37

9,125
3,628
1,050
18,297
32,100

10
4
1
21
36

788
-109
234
63
976

9
-3
22
0
3

5,695
2,099
8,421
338
31,53748,09081,166
90,385

6
2
9
1
35
53
90
100

5,860
1,476
9,630
308
30,23247,506
79,60688,476

7
2
11
0
34
54
90
100

-165
623
-1,209
30
1,305
584
1,560
1,909

-3
42
-13
10
4
1
2
2

6

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Unaudited Condensed IFRS Consolidated Statements of Cash Flows
1 January 30 September 2011 *)M€

1 January 30 September 2012
M€
Profit for the period attributable to equity owners of the parent (Netincome)

903

421

0

2

Depreciation and amortization

1,352

1,192

Valuation adjustments

383

-91

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

179

112

-31

-73

Results on disposals of non-current assets

-20

-17

Results of companies accounted for by the equity method

-151

-60

Change in current and non-current provisions *)

167

57

Change in other operating assets and liabilities-4,57884

Cash (used for) provided by operating activities-1,796

1,627

Profit for the period attributable to non-controlling interests
Adjustments to reconcile profit for the period to cash (used for) provided
by operating activities

Investments:- Purchases of intangible assets, PPE-1,894-1,333- Proceeds from disposals of intangible assets, PPE

55

65- Acquisitions of subsidiaries and joint ventures (net of cash)

-43

-439

- Proceeds from disposals of subsidiaries (net of cash)

018- Payments for investments in associates and otherinvestments and long-term financial assets

-274

-179

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

202

46

- Dividends paid by companies valued at equity

43

50

Change of securities

2,920

23

Cash provided by (used for) investing activities

1,009-1,749Change in long-term and short-term financing liabilities

548

478

Cash distribution to EADS N.V. shareholders

-369

-178

Dividends paid to non-controlling interests-2-4

Changes in capital and non-controlling interests

138

-57

Change in treasury shares-5-1Cash provided by financing activities
Effect of foreign exchange rate changes and other valuation adjustments
on cash and cash equivalents

310

238

49

-29

Net (decrease) increase in cash and cash equivalents

-428

87

Cash and cash equivalents at beginning of period

5,284

5,030

Cash and cash equivalents at end of period

4,856

5,117

*)

In the first nine months of 2012 and 2011, “contribution to plan assets for pensions" is shown in “change in current and non-current
provisions” within cash (used for) provided by operating activities. Previously, “contribution to plan assets for pensions" was disclosed in
cash provided by (used for) investing activities. It amounts in the first nine months of 2012 to -331 M € (first nine months 2011: -300 M€). Prior period figures have been adjusted accordingly.

As of 30 September 2012, EADS’ cash position (stated as cash and cash equivalents in the Unaudited
Condensed IFRS Consolidated Statements of Cash Flows) includes 628 M € (710 M € as of 31

7

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

December 2011), which represents EADS’ share in MBDA’s cash and cash equivalents deposited atother shareholders. These funds are available for EADS upon demand.

Unaudited Condensed IFRS Consolidated Statements of Changes in Equity
in M €
Balance at 1 January 2011

Equityattributable to Non-controlling
equity owners ofinterests
the parent
8,841
95

total
8,936

Profit for the period

421

2

423

Other comprehensive income
Cash distribution to shareholders/ dividends to noncontrolling interests
Equity transaction (IAS 27)

91

3

94

-178

-4

-182

-45

-70

-115

Capital increase

57

4

61

Change in treasury shares

-1

0

-1

Others15-114

Balance at 30 September 2011

9,201

29

9,230

Balance at 1 January 2012

8,850

20

8,870

Profit for the period

903

0

903

Other comprehensive income
Cash distribution to shareholders/ dividends to noncontrolling interests
Capital increase

-332

-3

-335

-369

-2

-371

139

5

144

Equity transactions (IAS 27)

-15

10

-5

Change in treasury shares

-5

0

-5

OthersBalance at 30 September 2012

18

0

18

9,189

30

9,219

Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial
Statements as at 30 September 2012
1. The Company
The accompanying Unaudited Condensed IFRS 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 30 September 2012 were authorized for
issue by EADS’ Board of Directors on 7 November 2012.

808.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

2. Accounting policies
These Unaudited Condensed Consolidated Financial Statements have been prepared inaccordance with IAS 34 Interim Financial Reporting (amended 2010) 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 AccountingStandards Board (“IASB”) and as endorsed by the European Union (EU) as at 30 September 2012
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 the IFRS 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 31 December 2011. Except for
the amended Standards to be applied for the first time in the first nine months 2012 (mentioned
below in the next section), EADS’ accounting policies and techniques are unchanged compared to
31 December 2011.
Financial reporting rules applied for the first time in the first nine months 2012
The following amended Standard was applied for the first time in the first nine months 2012 and iseffective for EADS as of 1 January 2012. If not otherwise stated, it does not have a material impact
on EADS’ Consolidated Financial Statements as well as its basic and diluted earnings per share.
The IASB issued amendments to IFRS 7 “Financial Instruments: Disclosures” as part of its
comprehensive review of off balance sheet activities relating to transfers of financial assets. The
amendments shall help users of financial statements evaluating the risk exposures relating to suchtransfers and the effect of those risks on an entity’s financial position and require additional
disclosures.

3. Acquisitions and other M&A transactions
On 3 April 2012, Astrium acquired 66.8% of Space Engineering, Rome (Italy), a specialist in digitaltelecommunications, RF and antenna equipment engineering for both space and ground based
applications.
On 28 May 2012, Cassidian reduced its current shareholding of 87.4% in Grintek Ewation (Pty)Ltd., Pretoria, South Africa, to 75% to comply with local black economic empowerment (BEE)
requirements.
On 1 July 2012, Cassidian acquired 51% of Rheinmetall Airborne System GmbH, Bremen(Germany), to pursue Rheinmetall’s activities related to Unmanned Aerial Systems (UAS) as wellas cargo loading systems (CLS) together with Rheinmetall within a new entity.
On 30 July 2012, Cassidian signed an agreement to acquire 100 % of Netasq, Villeneuve d’Ascq,
France, a leading expert and pioneer in the IT security market. Closing of this acquisition is subject
to customary regulatory approvals.
All transactions are considered to be not material for EADS – neither individually nor collectively.

908.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

4. 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 and related services.
Airbus Military — Development, manufacturing, marketing and sale of military transport aircraft
and special mission aircraft and related services.
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 related services.
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

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

in M €

AirbusCommercial

AirbusMilitary

Eurocopter

Astrium

Other
Total
Cassidian Businessegments
ses

HQ/
Conso.

Consolidated

Nine-month period ended 30 September 2012
Revenues
Research anddevelopment
expensesProfit before financeresult and income
taxes
EBIT pre-goodwill
imp. and exceptionals(see definition below)

24,725

1,194

4,116

3,934

3,484

1,067

38,520-1,262

37,258-1,660

-12

-204

-85

-165

-10

-2,136-9-2,145

798

7

276

188

151

15

1,435

151

1,586

816

8

277

191

156

15

1,463

152

1,615

Nine-month period ended 30 September 2011
Revenues

21,120

1,747

3,458

3,440

3,419

833

34,017-1,33032,687

Research anddevelopment
expenses-1,690

-15

-154

-60

-174

-7

-2,100-51-2,151

Profit before financeresult and income
taxes

286

4

156

162

153

10

771

62

833

EBIT pre-goodwill
imp. and exceptionals(see definition below)

306

5

157

165

170

20

823

62

885

5. 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

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012
1 January 30 September
2012

1 January 30 September
2011

1,586

833

Disposal of goodwill

0

22

Exceptional depreciation (fixed assets in cost of sales)

29

30

1,615

885

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

EBIT pre-goodwill impairment and exceptionals

6. Significant income statement items
Revenues of 37,258 M € (first nine months 2011: 32,687 M €) increase by +4,571 M €, mainly at
Airbus Commercial (+3,605 M €), Eurocopter (+658 M €) and Astrium (+494 M €). Except for
Airbus Military, all segments contributed positively to the increase of revenues. Airbus Military
includes revenues related to the A400M programme of 282 M € (first nine months 2011: 635 M €).
Companies, which were acquired in 2011, contributed to the increase of revenues by 1,141 M €.
The Gross Margin increases by +1,117 M € to 5,548 M € compared to 4,431 M € in the first ninemonths of 2011. This improvement is mainly related to better performance of the long range andsingle aisle programs in Airbus Commercial and of the governmental helicopter programmes andservice activities in Eurocopter and to Astrium.
Based on an updated technical solution concept to fix permanently the retrofit of the A380 wing rib
issue, an additional amount of -199 M € is recognized in the first nine months 2012 for the repair
costs on delivered aircraft. Contractually, Airbus Commercial is not liable versus airlines for loss ofuse, revenue or profit or for any other direct, incidental or consequential damages related to wingribs issue. However, in view of overall commercial relationship, contracts adjustments may occur,and be considered on a case by case basis. As disclosed in the half-year 2012 notes, the A350
XWB Entry Into Service has moved into the second half of 2014. Airbus Commercial booked in thefirst half-year 2012 a charge of -124 M €, which accounts for an actual delay incurred of aroundthree months. In relation to the end of the Hawker 900 business jet programme where Airbus
Commercial was a subcontractor, a charge of -76 M € was recorded in the third quarter 2012.
Eurocopter is continuing its high stake discussions with several NH90 and Tiger customers
seeking to reduce deliveries, the outcome of which is still open. A400M IOC (Initial Operating
Clearance) is targeted in the first quarter 2013 on a configuration to be agreed with OCCAR,
allowing the first delivery to France in the second quarter 2013.

Research and development expenses decrease by +6 M € to -2,145 M € (first nine months
2011: -2,151 M €) mainly reflecting programs of Airbus Commercial. The main contribution to theexpenses comes from the A350 XWB programme.
Share of profit from associates under the equity method and other income frominvestments of 188 M € (first nine months 2011: 84 M €) mainly comprises the consistently
estimated share of the result of Dassault Aviation of 144 M € (first nine months 2011: 67 M €).

12

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Other income decreases by -132 M € to 154 M € (first nine months 2011: 286 M €) mainly due toa release of refundable advances of +192 M € in the third quarter 2011, which were related to thetermination of the A340 programme.
Finance result amounts to -337 M € (first nine months 2011: -212 M €) comprising interest resultof -237 M € (first nine months 2011: -9 M €). Other financial result amounts to -100 M € (first ninemonths 2011: -203 M €) and mainly includes charges from the unwinding of discounted provisions(-118 M €, first nine months 2011: -108 M €), the negative revaluation of financial instruments(-60 M €, first nine months 2011: -54 M €), compensated by the positive impact from foreignexchange valuation of monetary items (+98 M €, first nine months 2011: +37 M €).
The income tax expense of -346 M € (first nine months 2011: -198 M €) corresponds to aneffective income tax rate of 28% (first nine months 2011: 32%).

7. Significant items of the statement of financial positionNon-current assets
Intangible assets of 13,099 M € (prior year-end: 12,745 M €) include 10,832 M € (prior year-end:
10,760 M €) of goodwill. This mainly relates to Airbus Commercial (6,660 M €), Cassidian(2,600 M €), Astrium (1,177 M €) and Eurocopter (333 M €). Except for an impairment charge in
Other Businesses of -20 M €, the last annual impairment tests, which were performed in the fourth
quarter of 2011, did not lead to any impairment charges. Capitalization for development costs of
the A350 XWB programme started in the second quarter 2012. Since 1 April 2012, a total amountof 251 M € was capitalized.
Eliminating foreign exchange-rate effects of +132 M €, property, plant and equipment increaseby +334 M € to 14,699 M € (prior year-end: 14,233 M €), including leased assets of 560 M € (prioryear-end: 574 M €). Property, plant and equipment also comprise “Investment property” amounting
to 74 M € (prior year-end: 74 M €).
Investments in associates under the equity method of 2,586 M € (prior year-end: 2,677 M €)mainly include the equity investment in Dassault Aviation, amounting to 2,464 M € (prior year-end:
2,552 M €). The change in Dassault Aviation is affected by the recognition of a negative catch-up
regarding EADS’ 2011 share in other comprehensive income of -101 M €.
Other investments and other long-term financial assets of 2,460 M € (prior year-end:
2,378 M €) are related to Airbus for an amount of 1,582 M € (prior year-end: 1,659 M €), mainly
concerning the non-current portion of aircraft financing activities.
Other non-current assets mainly comprise non-current derivative financial instruments and noncurrent prepaid expenses. The increase by +387 M € to 2,271 M € (prior year-end: 1,884 M €) ismainly caused by the positive variation of the non-current portion of fair values of derivative
financial instruments (+309 M €).
Deferred tax assets increase by +202 M € to 4,511 M € (prior year-end: 4,309 M €). The increaseis mainly due to the variation of actuarial losses in pension obligations.
The fair values of derivative financial instruments are included in other non-current assets(795 M €, prior year-end: 486 M €), in other current assets (264 M €, prior year-end: 404 M €), inother non-current liabilities (2,046 M €, prior year-end: 2,140 M €) and in other current liabilities(1,028 M €, prior year-end: 995 M €) which corresponds to a total net fair value of -2,015 M € (prioryear-end: -2,245 M €). The volume of hedged US dollar-contracts increases from 75.1 billion US

13

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

dollar as at 31 December 2011 to 86.4 billion US dollar as at 30 September 2012. The US dollar
spot rate remained stable (USD/ € spot rate of 1.29 at 30 September 2012 and at 31 December2011). The average US dollar hedge rate for the hedge portfolio of the Group improves from1.37 USD/ € as at 31 December 2011 to 1.35 USD/ € as at 30 September 2012.

Current assets
Inventories of 26,166 M € (prior year-end: 22,563 M €) increase by +3,603 M €. This is mainly
driven by the phasing of deliveries and a ramp-up reflected in the increase of unfinished goods
and services for Airbus (+2,315 M €), Eurocopter (+519 M €) and Cassidian (+327 M €)programmes.
Trade receivables decrease by -218 M € to 6,181 M € (prior year-end: 6,399 M €), mainly caused
by Astrium (-129 M €), Cassidian (-84 M €) and Eurocopter (-73 M €), being partly offset by Airbus(+59 M €).
Other current assets include “Current portion of other long-term financial assets”, “Current otherfinancial assets”, “Current other assets” and “Current tax assets”. The increase of +216 M € to
4,719 M € (prior year-end: 4,503 M €) comprises among others an increase of +201 M € inreceivables from related parties.
Cash and cash equivalents decrease from 5,284 M € to 4,856 M € (see also note 8 “Significant
cash flow items”).

Total equity
Equity attributable to equity owners of the parent (including purchased treasury shares) amounts
to 9,189 M € (prior year-end: 8,850 M €). The increase in equity is mainly due to a net income of+903 M € and a capital increase of +139 M € from the exercise of stock options and the Employee
Stock Ownership Plan, partly compensated by a cash distribution to shareholders of -369 M € andthe other comprehensive income for the period of -332 M €.
Non-controlling interests increased to 30 M € (prior year-end: 20 M €).

Non-current liabilities
Non-current provisions of 9,913 M € (prior year-end: 9,125 M €) comprise the non-current
portion of pension provisions with an increase of +631 M € to 6,259 M € (prior year-end:
5,628 M €). Compared to year-end 2011, the discount rates applied to the calculation of pension
provisions decrease from 4.5 % to 3.4 % (Germany), from 4.75 % to 3.5 % (France) and from
4.8 % to 4.4 % (UK), leading to an increase of the pension provision with a corresponding effect indeferred tax assets and actuarial losses in equity.
Moreover, other provisions are included in non-current provisions, which increase by +157 M € to
3,654 M €. This mainly reflects the increase of the onerous contract provision for the A350 XWB,
where a charge of 124 M € has been recorded in the first half-year 2012.
Long-term financing liabilities, mainly comprising bonds and liabilities to financial institutions,decrease by -109 M € to 3,519 M € (prior year-end: 3,628 M €).

1408.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

Other non-current liabilities, comprising “Non-current other financial liabilities”, “Non-current
other liabilities” and “Non-current deferred income”, increase in total by +63 M € to 18,360 M €(prior year-end: 18,297 M €), mainly due to an increase in refundable government advances(+252 M €) which was offset by a decrease in non-current deferred income (-172 M €).

Current liabilities
Current provisions decrease by -165 M € to 5,695 M € (prior year-end: 5,860 M €) and comprisethe current portions of pensions (266 M €) and of other provisions (5,429 M €).
Trade liabilities decrease by -1,209 M € to 8,421 M € (prior year-end: 9,630 M €), mainly at
Astrium (-493 M €), Airbus (-449 M €) and Cassidian (-414 M €), partly offset by Eurocopter(+154 M €).
Other current liabilities include “Current other financial liabilities”, “Current other liabilities” and“Current deferred income”. They increase by +1,305 M € to 31,537 M € (prior year-end:
30,232 M €). Other current liabilities mainly comprise current customer advance payments of
25,904 M € (prior year-end: 25,006 M €), increasing by +898 M €.

8. Significant cash flow items
Cash (used for) provided by operating activities decreases by -3,423 M € to -1,796 M € (firstnine months 2011 adjusted by -300 M € to +1,627 M € - please refer to the footnote to the cash
flow statements). Gross cash flow from operations (before changes in other operating assets andliabilities) of +2,782 M € increases compared to the prior period’s level (first nine months 2011adjusted by -300 M € to +1,543 M €). Changes in other operating assets and liabilities amount to-4,578 M € (first nine months 2011: +84 M €), mainly reflecting back-loaded deliveries as well as a
ramp-up and thus a strong increase in inventories across most divisions, which are partly offset bycustomer advance payments received.
Cash provided by (used for) investing activities amounts to +1,009 M € (first nine months 2011adjusted by +300 M € to -1,749 M €). This mainly comprises a change in securities of +2,920 M €(first nine months 2011: +23 M €), partly offset by purchases of intangible assets and property,
plant and equipment of -1,894 M € (first nine months 2011: -1,333 M €), mainly in Airbus.
Cash provided by financing activities increases by +72 M € to +310 M € (first nine months
2011: +238 M €). Changes in long-term and short-term financing liabilities of +548 M € (first ninemonths 2011: +478 M €) reflecting the resumption of the commercial paper programme andchanges in capital and non-controlling interests of +138 M € (first nine months 2011: -57 M €)mainly related to the issuance of new shares due to the exercise of stock options and due to the2012 Employee Stock Ownership Plan are partly offset by a cash distribution to shareholders of 369 M € (first nine months 2011: -178 M €).

9. Number of shares
The total number of shares outstanding is 821,870,560 and 814,822,229 as of 30 September 2012
and 2011, respectively. EADS’ shares are exclusively ordinary shares with a par value of 1.00 €.

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

During the first nine months of 2012, the number of treasury shares held by EADS decreased from5,585,780 as of 31 December 2011 to 5,231,065 as of 30 September 2012.
In the first nine months of 2012, EADS issued 4,995,464 new shares (in the first nine months of
2011: 1,372,167 new shares) as a result of the exercise of stock options in compliance with theimplemented stock option plans. Under the 2012 Employee Stock Ownership Plan, which was
granted in June 2012, 2,177,103 shares were issued in July 2012. For the 2011 Employee Stock
Ownership Plan 2,445,527 shares were issued.

10. Earnings per share
Basic earnings per share are calculated by dividing profit for the period attributable to equity
owners 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:
1 January to
30 September
2012
Net income attributable to equity owners of the parent
Weighted average number of ordinary shares outstanding
Basic earnings per share

1 January to
30 September
2011

903 M €

421 M €

818,525,740

811,713,726

1.10 €

0.52 €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. The Group’s only
category of dilutive potential ordinary shares is stock options. Since the average price of EADSthththshares exceeded the exercise price of the 5 , 6 and 8 stock option plan in the first nine monthsththof 2012 (in the first nine months of 2011: the 4 and the 5 stock option plan), 1,291,765 potential
shares (in the first nine months 2011: 1,257,453 shares) were considered in the calculation ofdiluted earnings per share.

1 January to
30 September
2012
Net income attributable to equity owners of the parent
Weighted average number of ordinary shares outstanding(diluted)
Diluted earnings per share16

1 January to
30 September
2011

903 M €

421 M €

819,817,505

812,971,179

1.10 €

0.52 €

08.11.2012

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

11. Related party transactions
The Group has entered into various transactions with related companies in the first nine months of2012 and 2011 that have all been carried out in the normal course of business. As it is the Group’s
policy, related party transactions have to be carried out at arm’s length. Transactions with relatedparties include the French government and its related entities, Daimler AG, Lagardère group andthe Spanish government (SEPI). Except for the transactions with the French and Spanish
government, such transactions are not considered material to the Group either individually or on
aggregate. The transactions with the French government include mainly sales from Eurocopter,
Astrium, Cassidian and Airbus Military. The transactions with the Spanish government include
mainly sales from Airbus Military and Cassidian. The French and Spanish government are also
customers of the A400M programme.

12. Number of employees
The number of employees as at 30 September 2012 is 137,415 as compared to 133,115 as at
31 December 2011.

13. Litigation and claims
EADS is involved from time to time in various legal and arbitration proceedings in the ordinary
course of its business, the most significant of which are described below. Other than as described
below, EADS is not aware of any 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 significant effects on EADS’ or theGroup’s financial position or profitability.
Regarding EADS’ provisions policy, EADS recognises provisions for litigation and claims when (i)it has a present obligation from legal actions, governmental investigations, proceedings and otherclaims resulting from past events that are pending or may be instituted or asserted in the futureagainst the Group, (ii) it is probable that an outflow of resources embodying economic benefits will
be required to settle such obligation and (iii) a reliable estimate of the amount of such obligation
can be made. EADS believes that it has made adequate provisions to cover current orcontemplated general and specific litigation risks.

WTO - Although EADS is not a party, EADS 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 1 June 2011, the WTO adopted the final 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 final report in the case brought by the EU

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EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the nine-month period
ended 30 September 2012

concerning subsidies to Boeing. The EU has cited the failure by the US to implement the findings
prior to the due date of 23 September 2012 in commencing a new proceeding on the adequacy of
US compliance. 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 notunder discussion, is reached between the parties, the litigation is expected to continue for several
years.

Securities litigation - Following the dismissal of charges brought by the French Autorité desmarchés financiers for alleged breaches of market regulations and insider trading rules withrespect primarily to the A380 delays announced in 2006, proceedings initiated in other jurisdictions
have also been terminated. Nevertheless, following criminal complaints filed by several
shareholders in 2006 (including civil claims for damages), a French investigating judge is still
carrying out an investigation based on the same facts. It cannot be excluded that he may open thecriminal trial against certain individuals.

CNIM - On 30 July 2010, Constructions Industrielles de la Méditerrannée (“CNIM”) brought anaction against EADS and certain of its subsidiaries before the commercial court of Paris, alleging
anti-competitive practices, breach of long-term contractual relationships and improper terminationof pre-contractual discussions. CNIM is seeking approximately €115 million in damages on a joint
and several basis. On 12 January 2012, the court rejected all of CNIM’s claims, following which
CNIM filed for appeal.

GPT - The Director of the UK Serious Fraud Office has opened a formal criminal investigation into
allegations concerning GPT Special Project Management Ltd., an EADS subsidiary, and certain
aspects of the conduct of its business in the Kingdom of Saudi Arabia. EADS is cooperating fully
with this investigation, the conclusions of which are not yet available.

14. Subsequent events
On 1 October 2012, Cassidian acquired 75.1% of the shares of Carl Zeiss Optronics GmbH,
Oberkochen, Germany, (CZO) with the intention to run the optics and optronics activities of CZO
together with Carl Zeiss AG. CZO is a manufacturer of optronic, optic and precision-engineered
products for military and civil applications and reported revenues of approximately 123 M € for its
last fiscal year 2011/2012.

Following the announcements made by BAE Systems plc (“BAE Systems”) and EADS N.V.
(“EADS”) on 12 September 2012 in relation to a possible combination of their businesses througha dual listed company structure, BAE Systems and EADS announced on 10 October 2012 thatthey have decided to terminate their discussions.

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