AIRBUS - 2020 Financial Statement

2. Notes to the IFRS Consolidated Financial Statements / 2.4 Airbus Performance

Deferred income taxes as of 31 December 2020 are related to the following assets and liabilities:

Movement through income statement

31 December 2020

1 January 2020 Other movements

Deferred tax assets

Deferred tax liabilities

R&D tax credits

Deferred tax benefit (expense)

Deferred tax assets

Deferred tax liabilities

OCI/ IAS 19 Others (1)

(In € million)

Intangible assets

221

(503) (281)

0

(10)

0

(11)

186

(489) (313)

Property, plant and equipment

55

0

(4)

0

(53)

30

Investments and other long-term financial assets

1,897 2,636

(38) (37)

0

(14)

0

(754)

1,174

(83)

Inventories

0

(15)

0 0 0 0 0 0 0

(1,099)

3,088 2,457

(1,603) (1,692)

Receivables and other assets

1,937 (1,310)

(1,086)

53

1,171

Prepaid expenses

13

0 0

0

0

(15)

0

(2)

Provisions for retirement plans

961

451

(16)

(208)

1,188

0

Other provisions

2,026

(557)

0

(4)

248 338

2,043

(330)

Liabilities

1,528 (3,642)

160

(83)

1,966 (3,665)

Deferred income

19

(236)

0 0

2

151

53

(117)

NOLs and tax credit carry forwards Deferred tax assets (liabilities) before offsetting Valuation allowances on deferred tax assets

2,073

0

(69)

(43)

322

2,283

0

13,366 (6,604)

(475)

(160)

(43)

90 14,468 (8,294)

(2,152)

0

(59)

48

(83)

(356)

(2,602) (7,843)

0

Set-off

(6,206)

6,206

0

0

0

0

7,843

Net deferred tax assets (liabilities)

5,008 (398)

(534)

(112)

(126)

(266)

4,023

(451)

(1) “Others” mainly comprises changes in the consolidation scope and foreign exchange rate effects.

Deferred income taxes as of 31 December 2019 are related to the following assets and liabilities:

Movement through income statement

1 January 2019 Other movements

31 December 2019

2

R&D tax credits

Deferred tax benefit (expense)

Deferred tax assets

Deferred tax liabilities

Deferred tax assets

Deferred tax liabilities

OCI/ IAS 19 Others (1)

(In € million)

Intangible assets

147

(462)

0 0

(16)

0 0

49

221

(503) (281)

Property, plant and equipment

613 (1,011)

(3)

176

55

Investments and other long-term financial assets

1,416 1,416

(14) (13)

0 0

21 (3) 51

0 0 0 0 0 0 0 0

436

1,897 2,636 1,937

(38) (37)

Inventories

1,199 1,292

Receivables and other assets

646 (1,681)

319

(1,310)

Prepaid expenses

12

0

0

0

1

13

0 0

Provisions for retirement plans

695

(57)

884

11

(573) (448)

961

Other provisions

1,890

44

0 0 0 0

(17) (79)

2,026 1,528

(557)

Liabilities

887 (1,689)

(1,233)

(3,642)

Deferred income

0

(63)

3 0

(157)

19

(236)

NOLs and tax credit carry forwards Deferred tax assets (liabilities) before offsetting Valuation allowances on deferred tax assets

1,868

0

(33)

238

2,073

0

9,590 (4,946)

1,203

(32)

(33)

981 13,366 (6,604)

(1,127)

0 (453)

0 (105)

(467)

(2,152)

0

Set-off

(3,628)

3,628

0

0

0

0 (6,206)

6,206

Net deferred tax assets (liabilities)

4,835 (1,318)

750

(32)

(138)

514

5,008

(398)

(1) “Others” mainly comprises changes in the consolidation scope and foreign exchange rate effects.

33

Airbus / Financial Statements 2020