1. Identify 3 differences per Financial
Statements.
2. The comparison should be based between IFRS VS US GAAP.
Air France-KLM Group CONSOLIDATED INCOME STATEMENT In E million Period from January 1 to December 31 Notes 2015 2014 Restate 24.912 18 7 8 (1562) (7,852) (15.171) (7.636) (169) SOS JO 1.113 3.474 (1 627) 9 (1.715) (1.631) 816 Sales Other revenues Revenues External expenses Salaries and related costs Taxes other than income taxes Other income and expenses EBITDAR Aircraft operating lease costs EBITDA Amortization, depreciation and provisions Income from current operations Sales of aircraft equipment Other non-current income and expenses Income from operating activities Cost of financial debt Income from cash and cash equivalents Neces of financial de Other financial income and expenses Income before tax Income taxes Net income of consolidated companies Share of profits (losses) of associates Net income from continuing operations Net income from discontinued operations Net income for the period Non controlling interest Net income - Groupe part 751 76 (37) 305 1.115 (373) 63 (310) (605) 200 (43) 157 (30) 127 13 (195) (173) (39) (212) 14 127 (216) 9 JIS 225) 16 0.34 (0.76 16 (0.75) Earnings per share - Equity holders of Air France-KLM (in curos) basic and diluted Net income from continuing operations - Equity holders of Air France KLM (in euros) basic and diluted Net income from discontinued operations - Equity holders of Air France-KLM (in euros) basic and diluted The companying notes are an integral part of these consolidated financial statements See note 2 innotes to the consolidated financial statements (0.01) -S. 17/02/2016 Air France-KLM Group CONSOLIDATED BALANCE SHEET Assets In millions Notes December 31, December 31, 2015 2014 Restated 17 247 243 18 20 Goodwill Intangible assets Flight equipment Other property, plant and equipment Investments in equity associates Pension assets Other financial assets Deferred tax assets Other non-current assets 1,009 8,728 1.750 139 20 22 1,018 8,743 1.670 118 1.773 1,224 702 295 23 1.409 24 1.502 13.4 27 1.042 243 Total non current assets 15,790 16,065 15 3 24 787 25 Assets held for sale Other short-term financial assets Inventories Trade receivables Other current assets Cash and cash equivalents 26 967 532 1,800 1,138 3,104 538 1.728 961 3.159 27 28 Total current assets 7,545 7,176 23,335 23.241 Total assets The accompanying notes are an integral part of these consolidated financial statements "See note 2 in notes to the consolidated financial statements. Air France-KLM Group CONSOLIDATED BALANCE SHEET (continued) Liabilities and equity In E millions Notes December 31. December 31. 2014 Rested 300 2.971 Issued capital Additional paid.in capital Treasury shares Perpetual Reserves and retained earnings 300 2,971 (86) 600 (3.561) 29.5 3.877) Equity attributable to equity holders of Air France-KLM 225 (692) Non-controlling interests 48 39 Total equity 1.995 31 32 Pension provisions Other provisions Long-term debe Deferred tax liabilities Other non-current liabilities 1.53 7.060 2.119 1.404 7.994 33 35 484 536 Total non-current liabilities 11.06.3 Other provisions Current portion of long-term debt Trade payables Deferred revenue on ticket sales Frequent flyer programs Other current liabilities Bank overdrafts 742 2,017 2,395 2.515 760 731 1.885 2.444 2.429 759 3330 35 28 3 11.417 Total current liabilities Total liabilities 11.999 23,062 23.335 Total equity and liabilities The companying notes are an integral part of the comidated financial statements See note 2 innotes to the consolidated financial statements 17/02/2016 Air France-KLM Group CONSOLIDATED STATEMENT OF CASH FLOWS Period from your Ne income from Netcome that Francois Lessing the 11 11 14 1.125 09 FI gelungene 15 114 5 13 30 341 daw Ideale 1. AL 431 Charis plus continuada Ne le fromage the Acum, ofrece 144 1947 y 14 15 16 17 18 19Fwl 15 44 4444 Pendapoleo hii | Pecade dualar en plants and gent and intangible 143 154 11 5 30 23 1 4 1, Desene Nethered in this of decide Nehled siin Portal Sale of minutes without change in.com Rip Tement saree tamil as intro Newers Rips Divide and popped Not a flow from financing activiti Efter exchange and cheets and husk egin dan bahwa bank wardrobe Cold chainband for rent being a perd Cewed ii festial upaalaa fechado 30 104) () 43) 190 J. LO Tafed 170.00 2005 Air France-KLM Group Period from onery Herentur In Purchase of any page Podpalanya anda er for trompeting white fra deresinadapte 2014 Red 1012 14 Air France-KLM Group CONSOLIDATED INCOME STATEMENT In E million Period from January 1 to December 31 Notes 2015 2014 Restate 24.912 18 7 8 (1562) (7,852) (15.171) (7.636) (169) SOS JO 1.113 3.474 (1 627) 9 (1.715) (1.631) 816 Sales Other revenues Revenues External expenses Salaries and related costs Taxes other than income taxes Other income and expenses EBITDAR Aircraft operating lease costs EBITDA Amortization, depreciation and provisions Income from current operations Sales of aircraft equipment Other non-current income and expenses Income from operating activities Cost of financial debt Income from cash and cash equivalents Neces of financial de Other financial income and expenses Income before tax Income taxes Net income of consolidated companies Share of profits (losses) of associates Net income from continuing operations Net income from discontinued operations Net income for the period Non controlling interest Net income - Groupe part 751 76 (37) 305 1.115 (373) 63 (310) (605) 200 (43) 157 (30) 127 13 (195) (173) (39) (212) 14 127 (216) 9 JIS 225) 16 0.34 (0.76 16 (0.75) Earnings per share - Equity holders of Air France-KLM (in curos) basic and diluted Net income from continuing operations - Equity holders of Air France KLM (in euros) basic and diluted Net income from discontinued operations - Equity holders of Air France-KLM (in euros) basic and diluted The companying notes are an integral part of these consolidated financial statements See note 2 innotes to the consolidated financial statements (0.01) -S. 17/02/2016 Air France-KLM Group CONSOLIDATED BALANCE SHEET Assets In millions Notes December 31, December 31, 2015 2014 Restated 17 247 243 18 20 Goodwill Intangible assets Flight equipment Other property, plant and equipment Investments in equity associates Pension assets Other financial assets Deferred tax assets Other non-current assets 1,009 8,728 1.750 139 20 22 1,018 8,743 1.670 118 1.773 1,224 702 295 23 1.409 24 1.502 13.4 27 1.042 243 Total non current assets 15,790 16,065 15 3 24 787 25 Assets held for sale Other short-term financial assets Inventories Trade receivables Other current assets Cash and cash equivalents 26 967 532 1,800 1,138 3,104 538 1.728 961 3.159 27 28 Total current assets 7,545 7,176 23,335 23.241 Total assets The accompanying notes are an integral part of these consolidated financial statements "See note 2 in notes to the consolidated financial statements. Air France-KLM Group CONSOLIDATED BALANCE SHEET (continued) Liabilities and equity In E millions Notes December 31. December 31. 2014 Rested 300 2.971 Issued capital Additional paid.in capital Treasury shares Perpetual Reserves and retained earnings 300 2,971 (86) 600 (3.561) 29.5 3.877) Equity attributable to equity holders of Air France-KLM 225 (692) Non-controlling interests 48 39 Total equity 1.995 31 32 Pension provisions Other provisions Long-term debe Deferred tax liabilities Other non-current liabilities 1.53 7.060 2.119 1.404 7.994 33 35 484 536 Total non-current liabilities 11.06.3 Other provisions Current portion of long-term debt Trade payables Deferred revenue on ticket sales Frequent flyer programs Other current liabilities Bank overdrafts 742 2,017 2,395 2.515 760 731 1.885 2.444 2.429 759 3330 35 28 3 11.417 Total current liabilities Total liabilities 11.999 23,062 23.335 Total equity and liabilities The companying notes are an integral part of the comidated financial statements See note 2 innotes to the consolidated financial statements 17/02/2016 Air France-KLM Group CONSOLIDATED STATEMENT OF CASH FLOWS Period from your Ne income from Netcome that Francois Lessing the 11 11 14 1.125 09 FI gelungene 15 114 5 13 30 341 daw Ideale 1. AL 431 Charis plus continuada Ne le fromage the Acum, ofrece 144 1947 y 14 15 16 17 18 19Fwl 15 44 4444 Pendapoleo hii | Pecade dualar en plants and gent and intangible 143 154 11 5 30 23 1 4 1, Desene Nethered in this of decide Nehled siin Portal Sale of minutes without change in.com Rip Tement saree tamil as intro Newers Rips Divide and popped Not a flow from financing activiti Efter exchange and cheets and husk egin dan bahwa bank wardrobe Cold chainband for rent being a perd Cewed ii festial upaalaa fechado 30 104) () 43) 190 J. LO Tafed 170.00 2005 Air France-KLM Group Period from onery Herentur In Purchase of any page Podpalanya anda er for trompeting white fra deresinadapte 2014 Red 1012 14
