Air FranceKLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AFs financial statements and disclosure notes for the year ended December 31, 2017. This material is available under the Finance link at the companys website.

1. In its presentation of the components of the balance sheet, which is listed first, current assets or non-current assets? Does this approach differ from U.S. GAAP?

2. In its presentation of the components of the balance sheet, which is listed first, current liabilities or non-current liabilities? Does this approach differ from U.S. GAAP?

3. In its presentation of the components of the balance sheet, which is listed first, liabilities or shareholders equity? Does this approach differ from U.S. GAAP?