50 eads 2002 management s analysis of the financial situation and 2001 audited consolidated statements introduction overview following discussion is based upon for together were prepared in accordance with international reporting standards ifrs issued by accounting board iasb contrary to standard ias 38 intangible assets which requires development costs be capitalised if certain conditions are met group expenses all internally funded activities as incurred revenues 29 9 billion europe premier aerospace defence company second largest world terms market share among top two manufacturers commercial aircraft civil helicopters space launch vehicles missiles a leading supplier military satellites electronics it generated approximately 80 its total sector 20 31st december active headcount was 103 967 organises businesses into
