AIRBUS - 2019 Financial Statements

2.4 Airbus Performance Notes to the IFRS Consolidated Financial Statements / Deferred income taxes as of 31 December 2019 are related to the following assets and liabilities: (In € million) 1 January 2019 Other movements Movement through income statement 31 December 2019 Deferred tax assets Deferred tax liabilities OCI / IAS 19 Others (1) R&D tax credits Deferred tax benefit (expense) Deferred tax assets Deferred tax liabilities Intangible assets 147 (462) 0 (16) 0 49 221 (503) Property, plant and equipment 613 (1,011) 0 (3) 0 176 55 (281) Investments and other long-term financial assets 1,416 (14) 0 21 0 436 1,897 (38) Inventories 1,416 (13) 0 (3) 0 1,199 2,636 (37) Receivables and other assets 646 (1,681) 319 51 0 1,292 1,937 (1,310) Prepaid expenses 12 0 0 0 0 1 13 0 Provisions for retirement plans 695 (57) 884 11 0 (573) 961 0 Other provisions 1,890 44 0 (17) 0 (448) 2,026 (557) Liabilities 887 (1,689) 0 (79) 0 (1,233) 1,528 (3,642) Deferred income 0 (63) 0 3 0 (157) 19 (236) NOLs and tax credit carry forwards 1,868 0 0 0 (33) 238 2,073 0 Deferred tax assets (liabilities) before offsetting 9,590 (4,946) 1,203 (32) (33) 981 13,366 (6,604) Valuation allowances on deferred tax assets (1,127) 0 (453) 0 (105) (467) (2,152) 0 Set-off (3,628) 3,628 0 0 0 0 (6,206) 6,206 Net deferred tax assets (liabilities) 4,835 (1,318) 750 (32) (138) 514 5,008 (398) (1) “Others” mainly comprises changes in the consolidation scope and foreign exchange rate effects. Deferred income taxes as of 31 December 2018 are related to the following assets and liabilities: (In € million) 1 January 2018 Other movements Movement through income statement 31 December 2018 Deferred tax assets Deferred tax liabilities OCI / IAS 19 Others (1) R&D tax credits Deferred tax benefit (expense) Deferred tax assets Deferred tax liabilities Intangible assets 70 (586) 0 0 0 201 147 (462) Property, plant and equipment 681 (1,257) 0 1 0 177 613 (1,011) Investments and other long-term financial assets 559 (167) 0 9 0 1,001 1,416 (14) Inventories 1,376 (1,871) 0 0 0 1,898 1,416 (13) Receivables and other assets 3,553 (3,286) 590 (61) 0 (1,831) 646 (1,681) Prepaid expenses 0 (2) 0 0 0 14 12 0 Provisions for retirement plans 1,480 0 (156) 27 0 (713) 695 (57) Other provisions 3,508 (1,239) 0 0 0 (335) 1,890 44 Liabilities 2,504 (2,211) 123 (4) 0 (1,214) 887 (1,689) Deferred income (94) (67) 0 0 0 98 0 (63) NOLs and tax credit carry forwards 1,617 0 0 86 (41) 206 1,868 0 Deferred tax assets (liabilities) before offsetting 15,254 (10,686) 557 58 (41) (498) 9,590 (4,946) Valuation allowances on deferred tax assets (1,008) 0 169 11 0 (299) (1,127) 0 Set-off (9,684) 9,684 0 0 0 0 (3,628) 3,628 Net deferred tax assets (liabilities) 4,562 (1,002) 726 69 (41) (797) 4,835 (1,318) (1) “Others” mainly comprises changes in the consolidation scope and foreign exchange rate effects. 34 Airbus / Financial Statements 2019