AIRBUS - 2019 Financial Statements

Notes to the IFRS Company Financial Statements /

3.

Key Estimates and Judgements

The preparation of the Company Financial Statements requires the use of estimates and assumptions. In preparing these Financial Statements, management exercises its best judgement based upon its experience and the circumstances prevailing at that time. The estimates and assumptions are based on available information and conditions at the end of the financial period presented and are reviewed on an ongoing basis.

The details regarding the use of estimates and judgements are described in Note 3 “Use of Estimates and Judgements” of the Consolidated Financial Statements. Key accounting estimates and judgements affecting the assessment and measurement of impairment are included in Note 8 “Investments in Subsidiaries, Associates and Participations” of the Company Financial Statements.

4.

Related Party Transactions

Key Management Personnel The details regarding the compensation of key management personnel are described in Note 8 “Related Party Transactions” of the Consolidated Financial Statements.

Intercompany Transactions A comprehensive exchange of internal services between the subsidiaries of a multinational corporation like Airbus SE is common practice. In its responsibility as holding company to manage its subsidiaries and to assist the business activities conducted by Airbus companies and its subsidiaries, Airbus SE applies transfer prices for its business activities in conformity with market levels and in accordance with national and international tax requirements (arm’s length principle).

The following table discloses the related party intercompany transactions in 2019 and 2018:

Transactions with subsidiaries 2019

Transactions with associates 2019

Transactions with subsidiaries 2018

Transactions with associates 2018

(In € million)

Rendering of services, dividend income and interest income Purchases of services, investment charge and interest expenses

233

39

501

61

(185)

(2)

(256)

(3)

10,316

96

9,791

95

Receivables at 31 December

(35,365)

(1,011)

(33,056)

(965)

Payables at 31 December

Hedge relationships receivables as of 31 December Hedge relationships payables as of 31 December

3,761

0

3,793

0

(793)

0

(3,921)

0

For further information about granted guarantees to subsidiaries please refer to Note 10 “Commitments and Contingencies” of the Company Financial Statements.

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Airbus / Financial Statements 2019