AIRBUS - 2020 Financial Statement
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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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