The 2008 IFRS-based financial statements of EADS N.V., the owner of Airbus, the French-based airline manufacturer, included the following account information (in million euros).

REQUIRED:a. Explain the meaning of each of the 2008 disclosures.b. Estimate the balance sheet carrying amount of the investments in associates disposed of during 2008.c. Was there a fain or loss on the disposal? Howlarge?

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2008 2007 INCOME STATEMENT: Share of profits from associates accounted for under equity method 188 210 BALANCE SHEET: Investments in associates accounted for under equity method 2,356 2,238 STATEMENT OF CASH FLOWS: Operating section- Results of companies accounted for by equity method Investing section Payments for investments in associates Proceeds from disposals of associates (188) (210) (122) 180 (132) 186