AIRBUS - 2020 Financial Statement

2. Notes to the IFRS Consolidated Financial Statements / 2.5 Operational Assets and Liabilities

21. Property, Plant and Equipment

Property, plant and equipment is valued at acquisition or manufacturing costs less accumulated depreciation and impairment losses. Items of property, plant and equipment are generally depreciated on a straight-line basis. The following useful lives are assumed:

Buildings

10 to 50 years

Site improvements

6 to 30 years

Technical equipment and machinery

2 to 20 years

5 years

Jigs and tools (1)

Other equipment, factory and office equipment

2 to 10 years

(1) If more appropriate, jigs and tools are depreciated using the number of production or similar units expected to be obtained from the tools (sum-of-the-units method).

Property, plant and equipment as of 31 December 2020 and 2019 comprises the following:

31 December 2020

31 December 2019

Gross amount

Depreciation / Impairment

Net book value

Gross amount

Depreciation / Impairment

Net book value

(In € million)

Land, leasehold improvements and buildings, including buildings on land owned by others Technical equipment and machinery Other equipment, factory and office equipment (1)

9,767

(5,086)

4,681

9,879

(5,056)

4,823

23,650

(16,582)

7,068

23,144

(15,887)

7,257

3,699 2,310 2,426

(2,888)

811

3,782 2,714 1,793

(2,825)

957

0

2,310 1,804

0

2,714 1,543

Construction in progress

(622)

(250)

Right-of-use assets (2)

Total

41,852

(25,178)

16,674 41,312

(24,018)

17,294

(1) Includes the net book value of aircraft under operating lease (see “– Note 28: Sales Financing Transactions”). (2) The net book value of Land and Buildings under Right-of-use assets amounts to €1,665 million.

2

NET BOOK VALUE

Balance at 31 December 2020

Balance at 1 January 2020

Changes in consolidation scope

Exchange differences Additions

Reclassi- fication Disposals

Depreciation / Impairment (1)

(In € million)

Land, leasehold improvements and buildings, including buildings on land owned by others Technical equipment and machinery Other equipment, factory and office equipment

4,823

(37)

104

(7)

168

(44)

(326)

4,681

7,257

(127)

328

(3)

1,158

(36)

(1,509)

7,068

957

(13)

83

0

79

(73)

(222)

811

Construction in progress

2,714

(11)

1,008

2 (1,364)

(39)

0

2,310

Right-of-use assets

1,543

(57)

605

15

(23)

(33)

(246)

1,804

Total

17,294

(245)

2,128

7

18 (225)

(2,303)

16,674

(1) Accelerated depreciation previously included in onerous contract provision has been offset with the release of the provision in the presentation of the Consolidated Statement of Cash Flows for the year ended 2020.

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Airbus / Financial Statements 2020