Airbus - Financial Statements 2022
4. Notes to the IFRS Company Financial Statements Basis of Preparation
7.
Related Party Transactions
Key Management Personnel
The details regarding the compensation of key management personnel are described in “– Note 34: Remuneration” 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 2022 and 2021:
2022
2021
Total transactions with subsidiaries
Total transactions with associates
Total transactions with subsidiaries
Total transactions with associates
(In € million)
Sales of goods and services and other income
377
9
103
37
Purchase of goods and services and other expenses
(265)
(9)
(314)
(1)
Receivables at 31 December
9,698
1
11,258
0
Liabilities at 31 December
(34,101)
(1)
(29,369)
0
Loans granted / Other receivables due at 31 December
1,971
87
1,290
108
(1)
Loans received / Other liabilities due at 31 December
0
(1,255)
(591)
(1,410)
Hedge relationships receivables at 31 December
7,081
0
4,140
0
Hedge relationship payables at 31 December
(770)
0
(585)
0
(1) Due to the merge of Airbus Finance BV, the existing loans between the Company and the subsidiary have been acquired and cancelled and the bonds of Airbus Finance BV from third parties have also been acquired (see “– Note 11: Investments in Subsidiaries, Associates and Participations”).
For further information about granted guarantees to subsidiaries please refer to “– Note 13: 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 17.7: Impairment Losses” of the Company Financial Statements.
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