The 2014 IFRS-based financial statements of Airbus Group, the French-based airline manufacturer, included the following account information (in million euros):

REQUIRED:
a. Explain the meaning of each of the 2014 disclosures.
b. Estimate the balance sheet carrying amount of the investments in associates disposed of during 2014.
c. Was there a gain or loss on the disposal? How large?

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2014 2013 INCOME STATEMENT: Share of profit from investments accounted for under the equity method 840 434 BALANCE SHEET: Investments accounted for under the equity method 3,391 3,858 2014 2013 STATEMENT OF CASH FLOWS: Operating section- Results of investments accounted for by the equity method (840) (434) Investing section- Payments for investments in associates (36) (293) Proceeds from disposals of associates 1,083 154