Question: Is this income statement presented by nature or by function? Explain how to recognize both presentation options . Why do you think AIR FRANCE presents

Is this income statement presented by nature or by function? Explain

  1. Is this income statement presented by nature or by function? Explain how to recognize both presentation options.
  2. Why do you think AIR FRANCE presents a line item Income from current operations in addition to Income from operating activities?
  3. If you calculate the financial result of AIR FRANCE (= Net cost of financial debt +/- Other financial income and expenses), youll find a financial loss. Is having a financial loss a sign of financial difficulties? How about the specific situation of AIR FRANCE in 2017?

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