EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

Unaudited Condensed IFRS Consolidated
Financial Information of EADS N.V.
for the three-month period ended 31 March 2013
Unaudited Condensed IFRS Consolidated Income Statements ………………………………......…2
Unaudited Condensed IFRS Consolidated Statements of Comprehensive Income……….……...3
Unaudited Condensed IFRS Consolidated Statements of Financial Position…………...……...…4
Unaudited Condensed IFRS Consolidated Statements of Cash Flows…………....……………..…5
Unaudited Condensed IFRS Consolidated Statements of Changes in Equity..……………...........6
Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial Statements
as at 31 March 2013……….……………………….…………………..……...…………..…......…...........6
1. The Company………………………………………………………………………………..…..……6
2. Accounting policies……………….………………………………………………..…..……..........7
3. Acquisitions and other M&A transactions……….. ….…………………………………………8
4. Segment information………………………………..………………………………..…….....…….8
5. EBIT pre-goodwill impairment and exceptionals…..……..…………………………….……...96. Significant income statement items………….…………………..………….……………........10
7. Significant items of the statement of financial position…….……………………...…........11
8. Significant cash flow items……………………………………………………..…...…..……….12
9. Number of shares………………………………………….…………….....................................13
10. Earnings per share……………………………………..……………….………...……...………..13
11. Related party transactions.………………..…………………...…….……………………..……14
12. Number of employees ……………………………….……………….……………..........………14
13. Litigation and claims …..…………………………….……………….……………..........………14
14. Subsequent events…………………………………………………………………………………16

1

14.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

Unaudited Condensed IFRS Consolidated Income Statements

1 January 31 March 2013
Revenues
Cost of sales *)Gross margin *)Selling, administrative & otherexpenses
Research and development
expenses

1 January 31 March 2012

Deviation

M€
12,387-10,640
1,747

%
100
-86
14

M€
11,404-9,750
1,654

%
100
-85
15

M€
983
-890
93

-702

-5

-685

-6

-17

-624

-5

-726

-6

102

58

0

44

0

14

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 *)

107

1

36

0

71

586
43
-129
-165
-251
-92
243

5
0
-1
-1
-2
-1
2

323
80
-153
-70
-143
-52
128

3
1
-1
-1
-1
-1
1

263
-37
24
-95
-108
-40
115

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

241
2

2
0

126
2

1
0

115
0

Earnings per share

€

€

€

Basic and diluted *)

0.29

0.15

0.14

*) Previous year’s figures are adjusted due to revised IAS 19.

2

14.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

Unaudited Condensed IFRS Consolidated Statements of Comprehensive
Income1 January 1 January 31 March 2013 31 March 2012

in M €
Profit for the period*)

243

128

Foreign currency translation differences for foreign operations

115

-46

-1,871

1,673

-11

139

0

11

21

-102

563

-552

Other comprehensive income, net of tax-1,183

1,123

Total comprehensive income of the period

-940

1,251

-939
-1
-940

1,250
1
1,251

Net change in fair value of cash flow hedges
Net change in fair value of available-for-sale financial assets
Actuarial losses on defined benefit plans*)
Changes in other comprehensive income 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*) Previous year’s figures are adjusted due to revised IAS 19.

314.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

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

31 March 2013
M€%

31 December 2012
M€%

Deviation
M€%

13,51815,42315
16

13,422
15,268

15
16

96
155

1
1

2,797

3

2,662

3

135

5

2,052

2

2,115

2

-63

-3

2,345
5,097
5,282
46,514

3
5
6
50

2,801
4,523
5,987
46,778

3
5
7
51

-456
574
-705
-264

-16
13
-12
-1

25,309
6,627
4,536
3,286
5,863
45,621
92,135

28
7
5
4
6
50
100

23,216
6,790
4,239
2,328
8,756
45,32992,107

25
7
4
3
10
49
100

2,093
-163
297
958
-2,893
292
28

9
-2
7
41
-33
1
0

831
8,356

1
9

827
8,147

1
8

4
209

0
3

342

0

1,513

2

-1,171

-77

-84
9,445
47
9,492

0
10
0
10

-84
10,40325
10,428

0
11
0
11

0
-958
22
-936

0
-9
88
-9

9,844
3,819
1,518
18,63633,817

11
4
2
20
37

9,827
3,506
1,504
18,19433,031

11
4
2
19
36

17
313
14
442
786

0
9
1
2
2

5,963
1,399
9,254
494
31,716
48,82682,643
92,135

6
2
10
1
34
53
90
100

6,045
1,273
9,917
458
30,95548,64881,67992,107

7
1
11
0
34
53
89
100

-82
126
-663
36
761
178
964
28

-1
10
-7
8
2
0
1
0

*) Previous year’s figures are adjusted due to revised IAS 19.

414.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

Unaudited Condensed IFRS Consolidated Statements of Cash Flows
1 January 31 March 2013
M€
Profit for the period attributable to equity owners of the parent (Net income)*)1 January 31 March 2012
M€
241

126

2

2

Depreciation and amortization

443

443

Valuation adjustments*)

18

298

Deferred tax expense

27

9Change in income tax assets, income tax liabilities and provisions for income tax

-27

-41

0

-14

Results of companies accounted for by the equity method

-90

-27

Change in current and non-current provisions*)

95

279

Reimbursement from / contribution to plan assets

-12

-5

Change in other operating assets and liabilities-3,161-1,853

Cash (used for) operating activities-2,464

-783

-670

-496

- Proceeds from disposals of intangible assets, PPE

1736- Acquisitions of subsidiaries and joint ventures (net of cash)

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

Results on disposals of non-current assets

Investments:- Purchases of intangible assets, PPE

0-5- Payments for investments in associates and otherinvestments and long-term financial assets

-126

-17

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

36

22

Change of securities

-244

731

Cash (used for) provided by investing activities

-987

271

Change in long-term and short-term financing liabilities

416

-236

0

-1

101

67

0

-6

517

-176

41

-16

Net decrease of cash and cash equivalents-2,893-704

Cash and cash equivalents at beginning of period

8,756

5,284

Cash and cash equivalents at end of period

5,863

4,580

Dividends paid to non-controlling interests
Changes in capital and non-controlling interests
Change in treasury shares
Cash provided by (used for) financing activities
Effect of foreign exchange rate changes and other valuation adjustments on cash
and cash equivalents*) Previous year’s figures are adjusted due to revised IAS 19

514.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

As of 31 March 2013, EADS’ cash position (stated as cash and cash equivalents in the Unaudited
Condensed IFRS Consolidated Statements of Cash Flows) includes 365 M € (374 M € as of 31
December 2012), 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

Balance at 1 January 2012

Equityattributable to Non-controlling
equity owners ofinterests
the parent
8,850
15

Retrospective adjustment *)

-7

0

-7

8,843

15

8,858

126

2

128

Other comprehensive income *)

1,124

-1

1,123

Total comprehensive income
Dividends to non-controlling interests
Capital increase

1,250
0
67

1
-1
0

1,251
-1
67

Change in treasury shares

-6

0

-6

Balance at 31 March 2012

10,15415

10,169Balance at 1 January 2013

10,40925

10,434Retrospective adjustment *)

-6

0

-6

10,40325

10,428

241

2

243

Other comprehensive income-1,179-3-1,182

Total comprehensive income

-938

-1

-939

99

2

101

Equity transactions (IAS 27)

-119

21

-98

Balance at 31 March 2013

9,445

47

9,492

in M €

Balance at 1 January 2012, adjusted
Profit for the period *)Balance at 1 January 2013, adjusted
Profit for the period

Capital increase

total
8,865

*) Previous year’s figures are adjusted due to revised IAS 19.

Explanatory notes to the Unaudited Condensed IFRS Consolidated Financial
Statements as at 31 March 2013
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 and6

14.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

rendering of services related to these activities. The Unaudited Condensed IFRS Consolidated
Financial Statements for the three-month period ended 31 March 2013 were authorized for issue
by EADS’ Board of Directors on 13 May 2013.

2. Accounting policies
These Unaudited Condensed Consolidated Financial Statements have been prepared inaccordance with International Financial Reporting Standards (“IFRS”) issued by the International
Accounting Standards Board (“IASB”) and as endorsed by the European Union (EU) as at 31
March 2013 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 IFRSInterpretations 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 2012. Except for
the amended Standards to be applied for the first time in the first three months 2013 (mentioned
below in the next section), EADS’ accounting policies and techniques are unchanged compared to
31 December 2012.
Financial reporting rules applied for the first time in the first three months 2013:
The following new, revised or amended Standards were applied for the first time in the first threemonths 2013 and are effective for EADS as of 1 January 2013. If not otherwise stated, their first
application has not had a material impact on EADS’ Consolidated Financial Statements as well as
its basic and diluted earnings per share.
The IASB issued amendments to IAS 12 “Income Taxes” providing practical guidance for themeasurement of deferred tax relating to an asset by introducing the presumption that recovery of
the carrying amount of that asset will normally be through sale. Amendments supersede SIC 21“Income Taxes – recovery of Revalued Non Depreciable Assets”.
Amended version of IAS 19 “Employee Benefits” requires full recognition of actuarial gains andlosses directly in equity, a method already used by EADS. Furthermore, the revised standard
introduces a net interest approach, under which for defined benefit obligation and plan assets thesame interest rate is applied, and it requires past service costs to be fully recognized in the periodof the related plan amendment. Also, the amendments will henceforth require EADS to recognize
the additional compensation payable under certain German early retirement programs(‘Altersteilzeitprogramme’) rateably over the active service period of such programs. Applying theamended standard retrospectively in 2013, EADS’ consolidated opening net equity as of 1 January
2012 has been adjusted by -7 M €. Comparative consolidated statement of income for the firstquarter 2012 have been restated leading to an impact of -10 M € on profit before finance result
and income taxes and -7 M € on profit for the period. The impact on comparative basic and diluted
earnings per share for the first quarter 2012 amounts to -0.01 €.
Amendments to IFRS 7 “Financial Instruments: Disclosures” define IASB’s disclosure
requirements in the context of offsetting financial assets and financial liabilities.
New IFRS 13 “Fair Value Measurement” defines fair value, sets out in a single IFRS a framework
for measuring fair value and requires disclosures about fair value measurement.

714.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

The IASB issued various amendments to IFRS Standards within the Annual Improvements 20092011 Cycle, which have become applicable as of 1 January 2013. The amendments refer to IFRS
1, IAS 1, IAS 16, IAS 32 and IAS 34.

3. Acquisitions and other M&A transactions
On 31 January 2013, ST Aerospace Ltd., Singapore (Singapore) acquired a 35% non-controllinginterest in Elbe Flugzeugwerke, Dresden (Germany) (EFW). EADS as the former sole shareholder
retains 65% of the shares of EFW.
On 1 March 2013, Cassidian terminated its Joint Venture with Odebrecht Group by selling its 50%
share to Odebrecht Defesa e Tecnologia SA, Sao Paolo (Brazil).
The transaction is considered insignificant for EADS.

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. Additionally, thedevelopment, manufacturing, marketing and sale of regional turboprop aircraft and aircraftcomponents are reclassified from “Other Businesses” and are from the 1 January 2013 onwards
managed by Airbus Commercial.
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. After thereclassification of ATR group and Sogerma group to “Airbus Commercial”, “Other Businesses”
comprises the Group’s activities managed in the US. Combined together with consolidation
effects, the holding function of EADS Headquarters and other activities not allocable to thereportable segments, they are disclosed in the column “Others/ HQ / Conso.”.

8

14.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

in M €

AirbusCommercial

AirbusMilitary

Eurocopter

Astrium

CassidianTotalsegments

Others/
HQ/
Conso.

Consolidated

Year ended 31 March 2013
Revenues

8,822

615

1,038

1,369

941

12,785-398

12,387

-482

-2

-66

-19

-50

-619

-5

-624

456

15

20

65

6

562

24

586

463

15

20

66

7

571

25

596

Revenues **)

7,609

425

1,199

1,325

925

11,483-79

11,404

Research anddevelopment
expenses **)

-590

0

-61

-22

-55

-728

2

-726

Profit before financeresult and income
taxes *), **)

129

11

64

64

3

271

52

323

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

135

11

64

65

5

280

53

333

Research anddevelopment
expensesProfit before financeresult and income
taxes
EBIT pre-goodwill
imp. and exceptionals(see definition below)
Year ended 31 March 2012*) Previous year’s figures are adjusted due to revised IAS 19.
**) Previous year’s figures are adjusted due to the inclusion of ATR group and Sogerma group into Airbus Commercial andthe remaining activities of ‘Other Businesses’ into ‘Others/ HQ/ Conso.’.

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 €):914.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

in M €
Profit before finance result and income taxes *)1 January 31 March 2013

1 January 31 March 2012

586

323

10

10

596

333

Goodwill and exceptionals:
Exceptional depreciation/ disposal (fixed assets in cost of sales)
EBIT pre-goodwill impairment and exceptionals*)*) Previous year’s figures are adjusted due to revised IAS 19.

6. Significant income statement items
Revenues of 12,387 M € (first quarter 2012: 11,404 M €) increase by +983 M €, mainly at Airbus
Commercial (+1,213 M €). Except for Eurocopter, all segments contributed positively to theincrease of revenues.
The Gross margin increases by +93 M € to 1,747 M € compared to 1,654 M € (adjusted) in thefirst quarter of 2012. This improvement is mainly related to better performance of the long range
and single aisle programs (including positive volume effects and better pricing) in Airbus
Commercial and lower expenses for A380 wing rib provisioning, partly compensated by negative
currency effects at Airbus Commercial compared to 2012. Contractually, Airbus Commercial is notliable versus airlines for loss of use, revenue or profit or for any other direct, incidental orconsequential damages related to wing ribs issue. However, in view of overall commercial
relationships, 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 thesecond half of 2014. The programme remains challenging.
Research and development expenses decrease by +102 M € to -624 M € (first quarter 2012:-726 M €) mainly reflecting a decrease for the A350XWB following the start of the capitalization ofdevelopment cost as of 1 April 2012.
Share of profit from associates under the equity method and other income frominvestments of 107 M € (first quarter 2012: 36 M €) mainly consists of the consistently estimatedshare of the result of Dassault Aviation of 83 M € (first quarter 2012: 21 M €). The Dassault
Aviation equity accounted-for income in the first quarter 2013 includes a catch-up on 2012 results.
Finance result amounts to -251 M € (first quarter 2012: -143 M €) comprising interest result of-86 M € (first quarter 2012: -73 M €). Other financial result amounts to -165 M € (first quarter 2012:-70 M €) and mainly includes the negative impact from foreign exchange valuation of monetary
items (-89 M €, first quarter 2012: +4 M €).
The income tax expense of -92 M € (first quarter 2012 adjusted: -52 M €) corresponds to aneffective income tax rate of 27% (first quarter 2012: 29%).

10

14.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

7. Significant items of the statement of financial positionNon-current assets
Intangible assets of 13,518 M € (prior year-end: 13,422 M €) include 11,009 M € (prior year-end:
11,003 M €) of goodwill. This mainly relates to Airbus Commercial (6,677 M €), Cassidian(2,712 M €), Astrium (1,232 M €) and Eurocopter (324 M €). The last annual impairment tests,
which were performed in the fourth quarter of 2012, led to an impairment charge of 17 M € in
Others/ HQ/ Conso.. Capitalization for development costs of the A350 XWB programme started in
the second quarter 2012. Since 1 April 2012, a total amount of 429 M € was capitalized.
Eliminating foreign exchange-rate effects of -69 M €, property, plant and equipment increase by+224 M € to 15,423 M € (prior year-end: 15,268 M €), including leased assets of 675 M € (prioryear-end: 576 M €). The increase is mainly driven by the A350 programme. Property, plant andequipment also comprise “Investment property” amounting to 76 M € (prior year-end: 72 M €).
Investments in associates under the equity method of 2,797 M € (prior year-end: 2,662 M €)mainly include the equity investment in Dassault Aviation. The equity investment in Dassault
Aviation includes an IFRS catch-up adjustment for income and other comprehensive income
relating to prior period.
Other investments and other long-term financial assets of 2,052 M € (prior year-end:
2,115 M €) are related to Airbus for an amount of 1,199 M € (prior year-end: 1,288 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 decrease by -456 M € to 2,345 M € (prior year-end: 2,801 M €) ismainly caused by the negative variation of the non-current portion of fair values of derivative
financial instruments (-536 M €).
Deferred tax assets increase by +574 M € to 5,097 M € (prior year-end adjusted: 4,523 M €).
The fair values of derivative financial instruments are included in other non-current assets(661 M €, prior year-end: 1,197 M €), in other current assets (176 M €, prior year-end: 321 M €), inother non-current liabilities (2,035 M €, prior year-end: 1,159 M €) and in other current liabilities(1,209 M €, prior year-end: 852 M €) which corresponds to a total net fair value of -2,407 M € (prioryear-end: -493 M €). The volume of hedged US dollar-contracts decreases from 83.6 billion US
dollar as at 31 December 2012 to 83.0 billion US dollar as at 31 March 2013. The US dollar spot
rate is USD/ € 1.28 at 31 March 2013 vs. 1.32 at 31 December 2012. The average US dollar
hedge rate for the hedge portfolio of the Group improves from 1.35 USD/ € as at 31 December
2012 to 1.34 USD/ € as at 31 March 2013.

Current assets
Inventories of 25,309 M € (prior year-end: 23,216 M €) increase by +2,093 M €. This is mainly
driven by higher unfinished goods and services at Airbus (+806 M €), Eurocopter (+345 M €) andCassidian (+308 M €), as well as higher aircraft on stock at Airbus (+357 M €) and Eurocopter(+60 M €).
Trade receivables decrease by -163 M € to 6,627 M € (prior year-end: 6,790 M €), mainly caused
by Cassidian (-216 M €) and Astrium (-158 M €), partly offset by Airbus (+162 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 +297 M € to11

14.05.2013

EADS N.V.
Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

4,536 M € (prior year-end: 4,239 M €) comprises among others an increase of VAT receivables(+395 M €), partly offset by a decrease of financial instruments (-145 M €).
Cash and cash equivalents decrease from 8,756 M € to 5,863 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 9,445 M € (prior year-end: 10,403 M €). The decrease is mainly due to other comprehensive
income of -1,179 M €, partly compensated by a net income of +241 M €.
Non-controlling interests increase to 47 M € (prior year-end: 25 M €), mainly due to the EFW
transaction.

Non-current liabilities
Non-current provisions of 9,844 M € (prior year-end: 9,827 M €) include the non-current portionof pension provisions which decrease by -91 M € to 6,067 M € (prior year-end adjusted:
6,158 M €).
Moreover, other provisions are included in non-current provisions, which increase by +108 M € to
3,777 M € (prior year-end adjusted: 3,669 M €).
Long-term financing liabilities, mainly comprising bonds and liabilities to financial institutions,increase by +313 M € to 3,819 M € (prior year-end: 3,506 M €). This increase is mainly affected by
the issuance of the EIB loan in the amount of 406 M US dollar.
Other non-current liabilities, comprising “Non-current other financial liabilities”, “Non-current
other liabilities” and “Non-current deferred income”, increase in total by +442 M € to 18,636 M €(prior year-end: 18,194 M €), mainly due to an increase of fair values for financial instruments(+876 M €).

Current liabilities
Current provisions decrease by -82 M € to 5,963 M € (prior year-end: 6,045 M €) and comprisethe current portions of pensions (347 M €) and of other provisions (5,616 M €).
Trade liabilities decrease by -663 M € to 9,254 M € (prior year-end: 9,917 M €), mainly at Airbus(-455 M €), at Cassidian (-87 M €) and at Eurocopter (-66 M €).
Other current liabilities include “Current other financial liabilities”, “Current other liabilities” and“Current deferred income”. They increase by +761 M € to 31,716 M € (prior year-end: 30,955 M €).

8. Significant cash flow items
Cash (used for) operating activities decreases by -1,681 M € to -2,464 M € (first three months
2012: -783 M €). Gross cash flow from operations (before changes in other operating assets andliabilities) of +697 M € decreases compared to the prior period’s level (first three months 2012:+1,070 M €). Changes in other operating assets and liabilities amount to -3,161 M € (first three

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Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

months 2012: -1,853 M €), mainly reflecting a ramp-up and thus an increase in inventories atAirbus and Eurocopter.
Cash (used for) provided by investing activities amounts to -987 M € (first three months 2012:+271 M €). This mainly comprises purchases of intangible assets and property, plant andequipment of -670 M € (first three months 2012: -496 M €) (mainly in Airbus) and changes insecurities of -244 M € (first three months 2012: +731 M €).
Cash provided by (used for) financing activities increases by +693 M € to +517 M € (first threemonths 2012: -176 M €). This mainly comprises changes in long-term and short-term financing
liabilities of +416 M € (first three months 2012: -236 M €) and changes in capital and noncontrolling interests of +101 M € (first three months 2012: +67 M €), mainly due to the exercise ofstock options.

9. Number of shares
The total number of shares outstanding is 825,899,844 and 818,026,970 as of 31 March 2013 and2012, respectively. EADS’ shares are exclusively ordinary shares with a par value of 1.00 €.
The number of treasury shares held by EADS remained stable at 5,226,305 as of 31 December
2012 and as of 31 March 2013.
In the first three months 2013, EADS issued 3,758,204 new shares (in the first three months 2012:
3,322,771 new shares).

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
31 March 2013
Net income attributable to equity owners of the parent*)
Weighted average number of ordinary shares outstanding
Basic earnings per share*)

1 January to
31 March 2012

241 M €

126 M €

823,522,587

815,957,338

0.29 €

0.15 €*) Previous year’s figures are adjusted due to revised IAS 19.

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 EADS
th
th
th
th
shares exceeded the exercise price of the 5 , 6 , 7 and 8 stock option plan in the first three
th
th
th
th
months of 2013 (in the first three months 2012: the 4 , 5 , 6 and 8 stock option plan), 1,602,232
potential shares (in the first three months 2012: 1,718,636 shares) were considered in thecalculation of diluted earnings per share.

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Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

1 January to
31 March 2013
Net income attributable to equity owners of the parent*)
Weighted average number of ordinary shares outstanding(diluted)
Diluted earnings per share*)

1 January to
31 March 2012

241 M €

126 M €

825,124,819

817,675,974

0.29 €

0.15 €*) Previous year’s figures are adjusted due to revised IAS 19.

11. Related party transactions
The Group has entered into various transactions with related companies in the first three months
2013 and 2012 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, Daimler AG, Lagardère group and the Spanish
government (SEPI) and its related entities. Except for the transactions with the French andSpanish 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.
On 5 December 2012, EADS had announced that their Board of Directors and core shareholders
had agreed on a far-reaching change of the company’s shareholding structure and governance.
This agreement aimed at normalising and simplifying the governance of EADS while securing ashareholding structure that allows France, Germany and Spain to protect their legitimate strategicinterests. On 27 March 2013, the shareholders approved in an Extraordinary General Meeting all
resolutions that were required to authorize the Completion (“Consummation”) of the Multiparty
Agreement announced on 5 December 2012. The Completion occurred on 2 April 2013 (pleaserefer to Chapter 14 ‘Subsequent events’).

12. Number of employees
The number of employees as at 31 March 2013 is 142,142 as compared to 140,405 as at
31 December 2012.

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 material governmental, legal or arbitration proceedings (including
any such proceedings which are pending or threatened), during a period covering at least theprevious twelve months which may have, or have had in the recent past significant effects on
EADS N.V.’s or the Group’s financial position or profitability.

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Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

Regarding EADS’ provisions policy, EADS recognises provisions for litigation and claims when(i) it has a present obligation from legal actions, governmental investigations, proceedings andother claims resulting from past events that are pending or may be instituted or asserted in the
future against 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 suchobligation 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 Appellate Body’s 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 assessing funding to Boeing from the US. 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 theadequacy of US compliance.
Exact timing of further steps in the WTO litigation process is subject to further rulings and tonegotiations between the US and the EU. Unless a settlement, which is currently not underdiscussion, 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 des marchés financiers foralleged breaches of market regulations and insider trading rules with respect 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 thesame facts. It is expected that the investigating judge will decide later in 2013 on whether to close
the file (ordonnance de non-lieu) or to bring the case to trial (renvoi devant le tribunal
correctionnel).

CNIM
On 30 July 2010, Constructions Industrielles de la Méditerrannée (“CNIM”) brought an action
against EADS and certain of its subsidiaries before the commercial court of Paris, alleging anticompetitive practices, breach of long-term contractual relationships and improper termination ofpre-contractual discussions. CNIM is seeking approximately €115 million in damages on a joint

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Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

and several basis. On 12 January 2012, the court rejected all of CNIM’s claims, following which
CNIM filed for appeal.

GPT
Prompted by a whistleblower’s allegations, EADS has conducted internal audits andcommissioned an external investigation relating to GPT Special Project Management Ltd. (“GPT”),
a subsidiary that EADS acquired in 2007. The allegations called into question a service contract
entered into by GPT prior to its acquisition by EADS, relating to activities conducted by GPT in
Saudi Arabia. Following the allegations, EADS conducted comprehensive internal audits in 2010that did not detect any violations of law. The UK Serious Fraud Office (the “SFO”) subsequently
commenced a review of the matter. In 2011, EADS retained PricewaterhouseCoopers (“PwC”) to
conduct an independent review, the scope of which was agreed with the SFO. In the period underreview and based on the work it undertook, nothing came to PwC’s attention to suggest that
improper payments were made by GPT. Further, the review did not find evidence to suggest thatGPT or through GPT, any other EADS Group company, asked specific third parties to make
improper payments on their behalves. The PwC review was conducted between November 2011
and March 2012, and a copy of its report was provided by EADS to the SFO in March 2012.
Separately, in August 2012, the SFO announced that it had opened a formal criminal investigation
into the matter. EADS is cooperating fully with this investigation.

Eurofighter Austria
In March 2012, the German public prosecutor, following a request for assistance by the Austrian
public prosecutor, launched a criminal investigation into alleged bribery, tax evasion and breach oftrust by current and former employees of EADS Deutschland GmbH and Eurofighter Jagdflugzeug
GmbH as well as by third parties relating to the sale of Eurofighter aircraft to Austria in 2003.
EADS is cooperating fully with this investigation and has also engaged external legal counsel toconduct an independent review of the matter which is currently still ongoing.

14. Subsequent events
On 2 April 2013, the Completion (“Consummation”) of the Multiparty Agreement occurred,following the authorization by the shareholders in an Extraordinary General Meeting on 27 March
2013. Previously existing shareholder agreements were terminated. From this date onwards EADS
is not aware of any shareholder meeting the definition of a related party under IAS 24.
On 2 April 2013, the Board approved in its meeting an 18-month share repurchase programme forup to 3.75 billion €. On 9 April 2013, EADS confirms the acquisition of 1.61% of its own shares for
an amount of 500 M € in the placement made by Lagardère group. On 17 April 2013, EADS
confirms the conclusion of a share purchase agreement with the French State for the acquisition
off-market of a stake of 1.56% of EADS shares for 482.7 M €. It also confirms on the same date its
participation in the placement made by Daimler AG, leading to an acquisition of 1.95% of its own
shares for an amount of 600 M €.
On 9 April 2013, EADS has successfully placed bonds in the U.S. institutional market by pricing an
inaugural 1 billion US dollar bond with a 10-year maturity. The bonds will pay a fixed coupon of
2.7%. The proceeds of this transaction will be used for general corporate purposes and will enable

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Unaudited Condensed IFRS Consolidated Financial Information for the three-month period
ended 31 March 2013

EADS to diversify its funding sources and access one of the largest and most liquid markets in theworld.

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