Airbus - Financial Statements 2022

4. Notes to the IFRS Company Financial Statements Basis of Preparation

A number of new or revised standards, amendments and improvements to standards as well as interpretations are not yet effective for the year ended 31 December 2022 and have not been applied in preparing these Financial Statements and early adoption is not planned:

IASB effective date for annual reporting periods beginning on or after

Endorsement status

Standards and related amendments

IFRS 17 “Insurance Contracts”

1 January 2023

Endorsed

Amendments to IAS 8 “Definition of Accounting Estimates”

1 January 2023

Endorsed

Amendments to IAS 1 “Presentation of Financial Statements and IFRS Practice Statement 2: Disclosure of Accounting policies” Amendments to IAS 12 “Deferred Tax related to Assets and Liabilities arising from a Single Transaction” Amendments to IFRS 17 “Initial Application of IFRS 17” and IFRS 9 “Comparative Information”

1 January 2023

Endorsed

1 January 2023

Endorsed

1 January 2023

Endorsed

Amendments to IAS 1 “Classification of Liabilities as Current or Non ‑ current”

1 January 2024 Not yet endorsed

Amendments to IAS 1 “Non ‑ current Liabilities with Covenants”

1 January 2024 Not yet endorsed

Amendments to IFRS 16 “Lease Liability in a Sale and Leaseback”

1 January 2024 Not yet endorsed

The information with regard to Capital Management is disclosed in “– Note 36: Capital Management”, further information about Litigation and Claims refers to “– Note 39: Litigation and Claims” and Events after the Reporting Date are disclosed in “– Note 41: Events after the Reporting Date” of the Consolidated Financial Statements.

Unless reference is made to the accounting policies described in the Consolidated Financial Statements, the main accounting policies applied in the preparation of these Company Financial Statements are described in each accounting area. These accounting policies have been consistently applied to all financial years presented, unless otherwise stated.

5.

Key Estimates and Judgements

The preparation of the Company Financial Statements requires the use of estimates and assumptions. In preparing these Financial Statements, management exercises its best judgement based upon its experience and the circumstances prevailing at that time. The estimates and assumptions are based on available information and conditions at the end of the financial period presented and are reviewed on an ongoing basis.

The details regarding the use of estimates and judgements are described in “– Note 5: Key Estimates and Judgements” of the Consolidated Financial Statements. Key accounting estimates and judgements affecting the assessment and measurement of impairment are included in “– Note 11: Investments in Subsidiaries, Associates and Participations” of the Company Financial Statements.

6.

Climate impacts

Climate change may have a major impact on both the Company’s industrial operations and its upstream and downstream value chains, including aircraft direct operations

and the wider air transport ecosystem. Regarding the Climate impacts please refer to “– Note 7: Climate impacts” of the Consolidated Financial Statements.

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