AIRBUS - 2020 Universal Registration Document

First page Table of contents Next page Last page

Risk Factors	7
1. Financial Market Risks	8
2. Business-Related Risks	13
3. Legal Risks	21
4. Environment, Human Rights, Health & Safety Risks	23
1. Information on the Company’s Activities	27
1.1 Presentation of the Company	28
1.1.1 Overview	28
1.1.2 Airbus (Commercial Aircraft)	32
1.1.3 Helicopters	41
1.1.4 Defence and Space	45
1.1.5 Investments	51
1.1.6 Insurance	51
1.1.7 Legal and Arbitration Proceedings	52
1.1.8 Research and Technology	54
1.2 Non-Financial Information	58
1.2.1 The Company’s Approach to Sustainability	58
1.2.2 Lead the Journey Towards Clean Aerospace	63
1.2.3 Build Our Business on the Foundation of Safety and Quality	74
1.2.4 Respect Human Rights and Foster Inclusion	78
1.2.5 Exemplify Business Integrity	86
1.2.6 Responsible Supply Chain	89
1.2.7 Community Engagement	94
1.3 Recent Developments	95
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	97
2.1 Operating and Financial Review	98
2.1.1 Overview	99
2.1.2 Significant Accounting Considerations, Policies and Estimates	102
2.1.3 Performance Measures	103
2.1.4 Results of Operations	107
2.1.5 Changes in Total Equity (Including Non-Controlling Interests)	111
2.1.6 Liquidity and Capital Resources	112
2.2 Financial Statements	116
2.3 Statutory Auditor Fees	116
2.4 Information Regarding the Statutory Auditors	116
3. General Description of the Company and its Share Capital	119
3.1 General Description of the Company	120
3.1.1 Commercial and Corporate Names, Seat and Registered Office	120
3.1.2 Legal Form	120
3.1.3 Governing Laws and Disclosures	120
3.1.4 Date of Incorporation and Duration of the Company	121
3.1.5 Objects of the Company	122
3.1.6 Commercial and Companies Registry	122
3.1.7 Inspection of Corporate Documents	122
3.1.8 Financial Year	122
3.1.9 Allocation and Distribution of Income	122
3.1.10 General Meetings	123
3.1.11 Disclosure of Holdings	124
3.1.12 Mandatory Disposal	125
3.1.13 Mandatory Offers	126
3.2 General Description of the Share Capital	127
3.2.1 Issued Share Capital	127
3.2.2 Authorised Share Capital	127
3.2.3 Modification of Share Capital or Rights Attached to the Shares	127
3.2.4 Securities Granting Access to the Company’s Share Capital	128
3.2.5 Changes in the Issued Share Capital	128
3.3 Shareholdings and Voting Rights	129
3.3.1 Shareholding Structure at the End of 2020	129
3.3.2 Relationships with Principal Shareholders	130
3.3.3 Form of Shares	133
3.3.4 Changes in the Shareholding of the Company	133
3.3.5 Persons Exercising Control over the Company	133
3.3.6 Simplified Group Structure Chart	133
3.3.7 Purchase by the Company of its Own Shares	135
3.4 Dividends	137
3.4.1 Dividends and Cash Distributions Paid	137
3.4.2 Dividend Policy of the Company	137
3.4.3 Unclaimed Dividends	137
3.4.4 Taxation	137
4. Corporate Governance	141
4.1 Management and Control	142
4.1.1 Corporate Governance Arrangements	142
4.1.2 Dutch Corporate Governance Code, “Comply or Explain”	164
4.1.3 Enterprise Risk Management System	165
4.1.4 Internal Audit	167
4.2 Interests of Directors and Principal Executive Officers	168
4.2.1 Remuneration Policy	168
4.2.2 Long-Term Incentives Granted to the Chief Executive Officer	181
4.2.3 Related Party Transactions	182
4.3 Employee Success Sharing and Incentive Plans	182
4.3.1 Employee Success Sharing and Incentive Agreements	182
4.3.2 Employee Share Ownership Plans	182
4.3.3 Long-Term Incentive Plans	183
5. General Information	189
5.1 Entity Responsible for the Universal Registration Document	190
5.2 Statement of the Entity Responsible for the Universal Registration Document	190
5.3 Information Policy	190
5.4 Undertakings of the Company regarding Information	191
5.5 Significant Changes	191
5.6 Statement on Approval	191

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