2020 Financial Statements

1. Airbus SE IFRS Consolidated Financial Statements	5
Airbus SE – IFRS Consolidated Income Statement for the years ended 31 December 2020 and 2019	6
Airbus SE – IFRS Consolidated Statement of Comprehensive Income for the years ended 3 1 December 2020 and 2019	7
Airbus SE – IFRS Consolidated Statement of Financial Position for the years ended 31 December 2020 and 2019	8
Airbus SE – IFRS Consolidated Statement of Cash Flows for the years ended 31 December 2020 and 2019	10
Airbus SE – IFRS Consolidated Statement of Changes in Equity for the years ended 31 December 2020 and 2019	11
2. Notes to the IFRS Consolidated Financial Statements	13
2.1 Basis of Preparation	15
1. The Company	15
2. Impact of the COVID-19 pandemic	15
3. Signifi cant 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
8.1 Acquisitions	22
8.2 Disposals	22
8.3 Cash Flows from Disposals including Assets and Disposal Groups Classified as Held for Sale	23
9. Investments Accounted for under the Equity Method	23
9.1 Investments in Joint Ventures	23
9.2 Investments in Associates	25
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 Profi t 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 Benefi ts	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
3. Airbus SE IFRS Company Financial Statements	85
IFRS Company Income Statement for the years ended 31 December 2020 and 2019	86
IFRS Company Statement of Comprehensive Income for the years ended 31 December 2020 and 2019	86
IFRS Company Statement of Financial Position for the years ended 31 December 2020 and 2019	87
IFRS Company Statement of Cash Flows for the years ended 31 December 2020 and 2019	88
IFRS Company Statement of Changes in Equity for the years ended 31 December 2020 and 2019	89
4. Notes to the IFRS Company Financial Statements	91
4.1 Basis of Presentation	93
1. The Company	93
2. Impact of the COVID-19 pandemic	93
3. Significant Accounting Policies	93
4. Key Estimates and Judgements	94
5. Brexit	94
6. Related Party Transactions	95
4.2 Company Performance	96
7. Total Operating Result	96
8. Total Financial Result	96
9. Income Tax	97
4.3 Operational Assets and Liabilities	99
10. Investments in Subsidiaries, Associates and Participations	99
11. Financial Assets and Financial Liabilities	101
12. Commitments and Contingencies	101
4.4 Employees	102
13. Number of Employees	102
4.5 Capital Structure and Financial Instruments	102
14. Total Equity	102
15. Cash, Securities and Financing Liabilities	104
16. Information about Financial Instruments	107
4.6 Other Notes	113
17. Auditor Fees	113
18. Events after the Reporting Date	113
5. Other Supplementary Information Including the Independent Auditor’s Report	115
Other Supplementary Information	116
1. Appropriation of Result	116
2. Independent Auditor’s Report	116

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