AIRBUS - 2019 Financial Statements

Notes to the IFRS Company Financial Statements /

10. Commitments and Contingencies

Off-Balance Sheet Commitments Airbus SE issued guarantees on behalf of Airbus companies in the amount of € 7,040 million (2018: € 5,898 million). The commitments of these companies to third parties mainly relate to their operating business as described in Note 20 “Property, Plant and Equipment”, Note 27 “Sales Financing Transactions” and Note 37 “Information about Financial Instruments” of the Consolidated Financial Statements. On 8 December 2015, Airbus SE entered into a partnership agreement to establish a corporate venture capital fund, dubbed Airbus Group Ventures, as well as a technology and business innovation center in Silicon Valley with a total commitment amount of US$ 150 million. On 25 November 2015, a first

investment of US$5 million has been made into this fund. During the year 2019, Airbus SE made further capital contributions into Airbus Ventures Fund II for a total amount of US$28 million (total capital contribution 31 December 2018: € 74 million). On 1 April 2019, Airbus SE entered into a partnership agreement with effective date 1 July 2019 to establish a venture capital fund, dubbed Airbus Ventures Fund III, with a total commitment amount of US$100 million. On 28 August 2019, a first investment of US$ 5 million has been made into this fund. During the year 2019, Airbus SE made further capital contributions into Airbus Ventures Fund III for a total amount of US$21 million.

4.4 Employees

11. Number of Employees

The average number of the persons employed by the Company in 2019 was 1 (2018: 2). The employees are situated in the Netherlands.

4.5 Capital Structure and Financial Instruments

12. Total Equity

Airbus SE’s shares are exclusively ordinary shares with a par value of €1.00. The following table shows the development of the number of shares issued and fully paid:

2019

2018

(In number of shares)

Issued as at 1 January

776,367,881

774,556,062

1,784,292

1,811,819

Issued for ESOP

5,020,942

0

Issued for convertible bond

783,173,115

776,367,881

Issued as at 31 December

Treasury shares

(862,610)

(636,924)

Outstanding as at 31 December

782,310,505

775,730,957

Authorised shares

3,000,000,000

3,000,000,000

Holders of ordinary shares are entitled to dividends and are entitled to one vote per share at general meetings of the Company.

Capital stock comprises the nominal amount of shares outstanding. The addition to capital stock represents the contribution for exercised options by employees of €1.784.292 (in 2018: €1.811.819) in compliance with the implemented stock

option plans and the Employee Stock Ownership Plans (“ESOP”) and the conversion of € 5.020.942 in relation to the convertible bond issued in July 2015 redeemable in shares.

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Airbus / Financial Statements 2019