Financial Statements I 2020 I Financial Statements Contents 1 Airbus SE IFRS Consolidated Financial Statements ......................................................................................................................... 4 Airbus SE – IFRS Consolidated Income Statement for the years ended 31 December 2020 and 2019 ............................................. 4 Airbus SE – IFRS Consolidated Statement of Comprehensive Income for the years ended 31 December 2020 and 2019 ................ 5 Airbus SE – IFRS Consolidated Statement of Financial Position for the years ended 31 December 2020 and 2019 ......................... 6 Airbus SE – IFRS Consolidated Statement of Cash Flows for the years ended 31 December 2020 and 2019 .................................. 8 Airbus SE – IFRS Consolidated Statement of Changes in Equity for the years ended 31 December 2020 and 2019 ...................... 10 2 Notes to the IFRS Consolidated Financial Statements ................................................................................................................... 11 2.1 Basis of Preparation ......................................................................................................................................................................... 11 1. The Company ..................................................................................................................................................................... 11 2. Impact of the COVID-19 pandemic ...................................................................................................................................... 11 3. Significant Accounting Policies ............................................................................................................................................ 13 4. Key Estimates and Judgements .......................................................................................................................................... 15 5. Change in Accounting Policies and Disclosures .................................................................................................................. 16 6. Brexit .................................................................................................................................................................................. 17 2.2 Airbus Structure ....................................................................................................................................................................... 17 7. Scope of Consolidation ....................................................................................................................................................... 17 8. Acquisitions and Disposals .................................................................................................................................................. 18 9. Investments Accounted for under the Equity Method ........................................................................................................... 19 10. Related Party Transactions ................................................................................................................................................. 21 2.3 Segment Information ................................................................................................................................................................ 22 11. Segment Information ........................................................................................................................................................... 22 2.4 Airbus Performance ................................................................................................................................................................. 24 12. Revenue and Gross Margin ................................................................................................................................................ 24 13. Administrative Expenses ..................................................................................................................................................... 25 14. Research and Development Expenses ............................................................................................................................... 25 15. Other Income and Other Expenses ..................................................................................................................................... 25 16. Share of Profit from Investments Accounted for under the Equity Method and Other Income from Investments .................. 25 17. Total Financial Result .......................................................................................................................................................... 26 18. Income Taxes ..................................................................................................................................................................... 26 19. Earnings per Share ............................................................................................................................................................. 28 2.5 Operational Assets and Liabilities ............................................................................................................................................ 29 20. Intangible Assets ................................................................................................................................................................. 29 21. Property, Plant and Equipment ............................................................................................................................................ 31 22. Other Investments and Other Long-Term Financial Assets ................................................................................................. 33 23. Contract Assets and Contract Liabilities, Trade Receivables and Trade Liabilities ............................................................... 34 24. Inventories .......................................................................................................................................................................... 35 25. Provisions, Contingent Assets and Contingent Liabilities ..................................................................................................... 35 26. Other Financial Assets and Other Financial Liabilities ......................................................................................................... 36 27. Other Assets and Other Liabilities ....................................................................................................................................... 37 28. Sales Financing Transactions ............................................................................................................................................. 38 2.6 Employees Costs and Benefits ................................................................................................................................................ 40 29. Number of Employees ......................................................................................................................................................... 40 30. Personnel Expenses ........................................................................................................................................................... 40 31. Personnel-Related Provisions ............................................................................................................................................. 40 32. Post-Employment Benefits .................................................................................................................................................. 40 33. Share-based Payment ........................................................................................................................................................ 46 34. Remuneration ..................................................................................................................................................................... 48 2.7 Capital Structure and Financial Instruments ............................................................................................................................. 51 35. Total Equity ......................................................................................................................................................................... 51 36. Capital Management ........................................................................................................................................................... 52 37. Net Cash ............................................................................................................................................................................. 53 38. Financial Instruments .......................................................................................................................................................... 56 2.8 Other Notes ............................................................................................................................................................................. 67 39. Litigation and Claims ........................................................................................................................................................... 67 40. Auditor Fees ......................................................................................................................................................................