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).
2
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
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