Part 2 book “Financial accounting - International financial reporting standards” has contents: PPE and intangibles, investments and international operations, liabilities, stockholders’ equity, cash flows, financial statement analysis. | 7 PPE and Intangibles S P OTL I G HT Airb u s Gro u p The International Air Traffic Association (IATA) reported billion commercial airline passenger departures in 2016. That averaged out to be more than 10 million passengers flying each day! Many of them traveled on Airbus planes, from the A320 family of aircrafts to the world’s largest commercial aircraft, the A380. Airbus delivers almost 700 aircrafts a year to its customers. What does it take to manufacture those aircrafts? ● Alexey Y. Petrov/Shutterstock 389 389 18/10/17 4:00 pm 390 Chapter 7 To be able to operate on such a scale, Airbus has to decide where to allocate its assets, from cash and receivables (Chapter 5), inventory (Chapter 6), to longterm assets such as Property, Plant and Equipment (PPE), as well as intangible assets. Airbus Group’s consolidated Balance Sheet and extracts of its PPE and intangible assets are shown below. Property, Plant, and Equipment and intangible assets form about 30% of Airbus Group’s total assets. A1 A Airbus Group Consolidated Balance Sheet (Adapted) At December 31 1 2 (In millions of Euro) 3 Current assets 4 Property, plant and equipment 5 Intangible assets 6 All other non-current assets 7 Total assets 8 Total liabilities 9 Total equity 10 Total liabilities and equity 11 12 Notes to the accounts: 13 Propery, plant and equipment (line 4) 31 Dec 2015 14 Land, leasehold improvements and buildings 15 Technical equipment and machinery 16 Other equipment, factory and office equipment 17 Construction in progress 18 Total property, plant, and equipment 19 20 Intangible assets (line 5) 31 Dec 2015 21 Goodwill 22 Capitalized development costs 23 Other intangible assets 24 Total intangible .
