AIRBUS - 2020 Financial Statement

4. Notes to the IFRS Company Financial Statements /

6.

Related Party Transactions

Key Management Personnel The details regarding the compensation of key management personnel are described in “– Note 10: Related Party Transactions” of the Consolidated Financial Statements.

Intercompany Transactions A comprehensive exchange of internal services between the subsidiaries of a multinational corporation like Airbus SE is common practice. In its responsibility as holding company to manage its subsidiaries and to assist the business activities conducted by Airbus companies and its subsidiaries, Airbus SE applies transfer prices for its business activities in conformity with market levels and in accordance with national and international tax requirements (arm’s length principle).

The following table discloses the related party intercompany transactions in 2020 and 2019:

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

Hedge relationships receivables at of 31 December

Hedge relationships payables as a 31 December

Receivables at 31 December

Liabilities at 31 December

(In € million)

2020 Total transactions with subsidiaries Total transactions with associates 2019 Total transactions with subsidiaries Total transactions with associates

3,825

(479)

11,617

(24,426)

1,366

(3,793)

945

(2,185)

68

(1)

42

0

101

(1,144)

0

0

232

(185)

8,586

(31,520)

1,743

(3,866)

3,761

(793)

39

(2)

21

0

96

(1,011)

0

0

For further information about granted guarantees to subsidiaries please refer to “– Note 12: Commitments and Contingencies” of the Company Financial Statements. For further information about the impairment and the expected credit losses on receivables, please refer to “– Note 16.7: Impairment Losses” of the Company Financial Statements.

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Airbus / Financial Statements 2020