AIRBUS - 2020 Financial Statement

2. Notes to the IFRS Consolidated Financial Statements / 2.2 Airbus Structure

ATR GIE manufactures advanced turboprop aircraft. It is a 50% joint venture between Leonardo group company and the Company. Both Leonardo and the Company provide airframes which are assembled by ATR GIE in France. The members of

ATR GIE are legally entitled exclusively to the benefits and are liable for the commitments of the Company. ATR GIE is obliged to transfer its cash to each member of the joint venture.

The following table summarises financial information for ArianeGroup, MBDA and ATR GIE based on their Consolidated Financial Statements prepared in accordance with IFRS:

ArianeGroup

MBDA

ATR GIE

2020 2,718 (128)

2020 3,592

2020

2019

2019

2019

(In € million)

Revenue

3,069

3,703

398 1,438

(128)

(143)

(126)

(6)

(33)

Depreciation and amortisation

9

4

5

13

0 0 1

0 0

Interest income Interest expense

(27)

(15) (71) 133 (79)

(17)

(26)

9

(119)

(127)

(3)

Income tax expense

(6)

279

268 (79)

(138)

106

Profit from continuing operations Other comprehensive income

(14)

(157) 122 2,687 7,841 2,851 1,104

0

0

Total comprehensive income (100%)

(20) 6,111 6,260

54

189 (138)

106 252 729

Non-current assets

6,207 6,610

2,718 7,707 2,906

262 835

Current assets

642

828

9

6

thereof cash and cash equivalents

1,152

1,067

1,114

165

166

Non-current liabilities

thereof non-current financial liabilities (excluding trade and other payables and provisions)

483

517

3

5

0

0

7,075

7,601

8,821

8,693

901

592

Current liabilities

thereof current financial liabilities (excluding trade and other payables and provisions)

53

57

27

25

0

0

Total equity (100%)

4,144 4,149

603 603

618 618

31 31

223 223

Equity attributable to the equity owners of the parent

4,144

4,145

0

4

0

0

0

0

Non-controlling interests

ArianeGroup

MBDA

ATR GIE

2020 2,072

2020

2020

2019

2019 232 282

2019

(In € million)

The Company’s interest in equity on investee

2,073

226 282

15

111

244

244

0 0 0 0

0 0 0 0

Goodwill

(1,519)

(1,519)

0 0 0

0 0 0

PPA adjustments, net of tax

(71) (36)

(52) (30)

Airbus Defence and Space PPA (including 2016 Ariane 6 catch-up)

Contingent liability release adjustment

Fair value adjustments and modifications for differences in accounting policies

(23)

(19)

(10)

(11) (53)

0 0

0 0

0 2

0 2

0 0

Dividend adjustment

0

(5) 10

(5)

Elimination of downstream inventory

Carrying amount of the investment at 31 December

669

699

498

450

106

24

Airbus / Financial Statements 2020