AIRBUS - 2020 Financial Statement

4. Notes to the IFRS Company Financial Statements /

Stage 1 12-month ECL

Stage 2 Life-time ECL

Stage 3 Credit impaired ECL

Total

(In € million)

At 1 January 2020

4.4

0.3

0

4.7

Change in financial assets and risk parameters

(0.8)

93.6

0

92.8

At 31 December 2020

3.6

93.9

0

97.5

Stage 1 12-month ECL

Stage 2 Life-time ECL

Stage 3 Credit impaired ECL

Total

(In € million)

At 1 January 2019

3.5

1.1

0

4.6

Change in financial assets and risk parameters

0.9

(0.8)

0

0.1

At 31 December 2019

4.4

0.3

0

4.7

The following impairment losses on financial assets are recognised in profit or loss in 2020 and 2019, respectively:

2020

2019

(In € million)

Loans

(158)

(31)

0

0

Trade Receivables

Total

(158)

(31)

For further information about the impairment on financial assets, please refer to “– Note 10: Investments in Subsidiaries, Associates and Participations” of the Company Financial Statements.

4.6 Other Notes

17. Auditor Fees

Fees related to professional services rendered by the Company’s auditor, Ernst & Young Accountants LLP, for the fiscal year 2020 were €2,198 thousand (in 2019: €2,046 thousand). These fees relate to audit services only.

18. Events after the Reporting Date

No events after Reporting Date.

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Airbus / Financial Statements 2020