AIRBUS - 2020 Financial Statement

4. Notes to the IFRS Company Financial Statements /

Authorisations Granted by the Annual General Meeting of Airbus SE Held on 16 April 2020

On 16 April 2020, the Annual General Meeting (“AGM”) of the Company authorised the Board of Directors, for a period expiring at the AGM to be held in 2021, to issue shares and to grant rights to subscribe for shares in the Company’s share capital for the purpose of: – ESOPs and share-related LTIPs, provided that such powers shall be limited to an aggregate of 0.14% of the Company’s authorised share capital (see “– Note 33: Share-Based Payment”); – funding the Company and its subsidiaries, provided that such powers shall be limited to an aggregate of 0.3% of the Company’s authorised share capital (see “– Note 37.3: Financing Liabilities”).

For each operation, such powers shall not extend to issuing shares or granting rights to subscribe for shares if there is no preferential subscription right and for an aggregate issue price in excess of €500 million per share issuance. Also on 16 April 2020, the AGM authorised the Board of Directors for an 18 months period to repurchase up to 10% of the Company’s issued share capital at a price per share not less than the nominal value and not more than the higher of the price of the last independent trade and the highest current independent bid on the trading venues of the regulated market of the country in which the purchase is carried out. Furthermore, the AGM authorised both the Board of Directors and the CEO, with powers of substitution, to establish the exact number of the relevant shares to be cancelled.

Reconciliation Consolidated to Company Equity and Net Income The difference between the total shareholders’ equity according to the Consolidated Financial Statements and Company’s Financial Statements as at 31 December 2020 and 2019 is as follows:

2020

2019

(In € million)

Consolidated equity

6,445

5,975

OCI – Restatement of investments from Consolidated to Company Financial Statements

(1,731)

697

4,683

(916)

Retained Earnings – Restatement of investments from Consolidated to Company Financial Statements

Retained Earnings – Valuation investments at historical cost

1,487

1,487

(1,685)

(1,273)

Retained Earnings – Impairment of financial assets

Company’s equity

9,199

5,970

The difference between the net income according to the Consolidated Financial Statements and Company’s Financial Statements for the year ended 31 December 2020 and 2019 is as follows:

2020

2019

(In € million)

Consolidated net income

(1,133)

(1,362)

Income from investments according to Consolidated Financial Statements

4,668

(2,303)

Income from investments according to Company Financial Statements

42

34

(412)

(31)

Loss on / Impairment of financial assets

(22)

7

Other valuation differences

Company’s net income (Profit or loss for the period)

3,143

(3,665)

4

103

Airbus / Financial Statements 2020