2020 Financial Statements

2. Notes to the IFRS Consolidated Financial Statements / 2.1 Basis of Preparation 15 1. The Company 15 2. Impact of the COVID-19 pandemic 15 3. Significant Accounting Policies 17 4. Key Estimates and Judgements 18 5. Change in Accounting Policies and Disclosures 20 6. Brexit 21 2.2 Airbus Structure 21 7. Scope of Consolidation 21 8. Acquisitions and Disposals 22 9. Investments Accounted for under the Equity Method 23 10. Related Party Transactions 25 2.3 Segment Information 26 11. Segment Information 26 2.4 Airbus Performance 28 12. Revenue and Gross Margin 28 13. Administrative Expenses 29 14. Research and Development Expenses 29 15. Other Income and Other Expenses 29 16. Share of Profit from Investments Accounted for under the Equity Method and Other Income from Investments 29 17. Total Financial Result 30 18. Income Taxes 30 19. Earnings per Share 34 2.5 Operational Assets and Liabilities 34 20. Intangible Assets 34 21. Property, Plant and Equipment 37 22. Other Investments and Other Long-Term Financial Assets 39 23. Contract Assets and Contract Liabilities, Trade Receivables and Trade Liabilities 39 24. Inventories 40 25. Provisions, Contingent Assets and Contingent Liabilities 41 26. Other Financial Assets and Other Financial Liabilities 42 27. Other Assets and Other Liabilities 44 28. Sales Financing Transactions 44 2.6 Employees Costs and Benefits 47 29. Number of Employees 47 30. Personnel Expenses 47 31. Personnel-Related Provisions 47 32. Post-Employment Benefits 47 33. Share-based Payment 53 34. Remuneration 55 2.7 Capital Structure and Financial Instruments 60 35. Total Equity 60 36. Capital Management 61 37. Net Cash 61 38. Financial Instruments 65 2.8 Other Notes 79 39. Litigation and Claims 79 40. Auditor Fees 81 41. Events after the Reporting Date 81 2.9 Appendix “Simplified Airbus Structure” 82 Contents / 14 Airbus / Financial Statements 2020