AIRBUS - 2020 Financial Statement

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

The development of these investments is as follows:

ArianeGroup

MBDA

ATR GIE

2020

2020

2020

2019

2019 463 101 (30) (84)

2019

(In € million)

Carrying amount of the investment at 1 January

699 (22)

722

450 107 (57)

106 (68)

146

52

54 (3)

Share of results from continuing operations Share of other comprehensive income

(8)

(38) (38)

5

0 0 0

0 0

(33)

(90)

Dividends received during the year

0 0

0

0 0

0

Changes in consolidation

(2)

(1)

(1)

Others

Carrying amount of the investment at 31 December

669

699

498

450

10

106

The Company’s share of contingent liabilities as of 31 December 2020 relating to MBDA is €450 million (2019: €412 million).

9.2 Investments in Associates The Company’s interests in associates, accounted for under the equity method, are stated in aggregate in the following table:

2020

2019

(In € million)

Carrying amount of the investment at 1 January Share of results from continuing operations Share of other comprehensive income

182

209

8

35

32

(14) (21)

(44)

Dividends received during the year

28

0 0

Changes in consolidation

5 0

Disposal of shares

(27)

Others

Carrying amount of the investment at 31 December

211

182

The cumulative unrecognised comprehensive loss for these associates amounts to € -97 million and € -52 million as of 31 December 2020 and 2019, respectively (thereof € -45 million for the period).

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10. Related Party Transactions

Sales of goods and services and other income

Purchases of goods and services and other expenses

Loans granted / Other receivables due at 31 December

Loans received / Other liabilities due at 31 December

Receivables at 31 December

Liabilities at 31 December

(In € million)

2020 Total transactions with associates Total transactions with joint ventures 2019 Total transactions with associates Total transactions with joint ventures

9

42

6

13

101

16

2,596

186

1,294

1,176

5

1,275

4

204

5

36

97

7

2,069

268

1,289

1,432

2

1,222

Transactions with unconsolidated subsidiaries are immaterial to the Company’s Consolidated Financial Statements. As of 31 December 2020, the Company granted guarantees of €129 million to Air Tanker Group in the UK (2019: €129 million).

For information regarding the funding of the Company’s pension plans, which are considered as related parties, see “– Note 32: Post-Employment Benefits”. The information relative to compensation and benefits granted to Members of the Executive Committee and Board of Directors are disclosed in “– Note 34: Remuneration”.

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Airbus / Financial Statements 2020