AIRBUS - 2019 Financial Statements

4 Notes to the IFRS Company Financial Statements / 4.2 Company Performance 5. Total Operating Result (In € million) 2019 2018 Operating income 159 393 Corporate services rendered to Airbus companies 159 393 Operating expenses (3,844) (270) Service fees charged by Airbus companies (45) (119) Administrative expenses (3,799) (151) Income from investments 34 46 Dividends received from Airbus companies 34 46 Impairment reversal 0 0 Expense from investments 1 (369) Gain (loss) on disposal of investments 1 (369) Total operating result (3,650) (200) Administrative expenses increased by €3,648 million to €3,799 million (2018: € 151 million), mainly due to the final agreements reached with the French Parquet National Financier (PNF), the U.K. Serious Fraud Office (SFO) and the U.S. Department of State (DoS). For further information, see “– Note 38: Litigation and Claims” of the Consolidated Financial Statements. 6. Total Financial Result (In € million) 2019 2018 Interest result (1) 26 38 Interest income from securities measured at fair value through OCI 87 96 Interest income from securities measured at fair value through P&L 26 15 Interest income on financial assets measured at amortised cost 89 122 Interest expense on financial liabilities measured at amortised cost (176) (195) Other financial result (36) (33) Option liability exchangeable bond 31 33 Change in fair value measurement of financial assets (79) (44) Other 12 (22) Total financial result (10) 5 The Company is acting as a financial market agent on behalf of its subsidiaries, therefore the fair value changes of derivatives are reported on a net basis. 95 Airbus / Financial Statements 2019