AIRBUS - 2020 Financial Statement

4. Notes to the IFRS Company Financial Statements /

4.4 Employees

13. Number of Employees

The average number of persons employed by the Company in 2020 was 1 (2019: 1). The employees are situated in the Netherlands.

4.5 Capital Structure and Financial Instruments

14. 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:

2020

2019

(In number of shares)

Issued as at 1 January

783,173,115

776,367,881

976,155

1,784,292

Issued for ESOP

0

5,020,942

Issued for convertible bond

784,149,270

783,173,115

Issued as at 31 December

(432,875)

(862,610)

Treasury shares

Outstanding as at 31 December

783,716,395

782,310,505

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 €976,155 (in 2019: € 1.784.292) in compliance with the implemented Stock Option Plans and the Employee Stock Ownership Plans (“ESOP”). Share premium mainly results from contributions in kind in the course of the creation of the Company, cash contributions from the Initial Public Offering, capital increases and reductions due to the issuance and cancellation of shares. Retained earnings include mainly the profit of the period and cash dividend payments to Airbus SE shareholders. On 23 March 2020, the Company has decided the withdrawal of 2019 dividend proposal with cash value of € 1.4 billion in response to the COVID-19 pandemic (see “– Note 2: Impact of the COVID-19 pandemic” of the Consolidated Financial Statements). Given the ongoing volatility, there will be no dividend proposal for 2020.

Legal reserves includes: – change from financial assets at fair value (see “– Note 16.2: Carrying Amounts and Fair Values of Financial Instruments”); – change in fair value of derivatives designated as cash flow hedges (see “– Note 16.2: Carrying Amounts and Fair Values” of Financial Instruments). According to Dutch law, the OCI is considered to be a Legal Reserve and therefore distribution is restricted. Treasury shares represent the amount paid or payable for own shares held in treasury. During 2020, the number of treasury stock held by the Company decrease to 432,875 compared to 862,610 as of 31 December 2019, mainly due to the vested shares in 2020 under the LTIP 2016 (see “– Note 33: Share- based Payment” of the Consolidated Financial Statements). No shares were sold back to the market nor cancelled in 2020 (2019: 0 shares).

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Airbus / Financial Statements 2020