Airbus - Financial Statements 2022

4. Notes to the IFRS Company Financial Statements Company Performance

Deferred income taxes as of 31 December 2022 are related to the following assets and liabilities:

Movement through income statement Deferred tax benefit (expense)

31 December 2022

1 January 2022

Other movements

Deferred tax assets

Deferred tax liabilities

Deferred tax assets

Deferred tax liabilities

OCI

Others

(In € million)

Securities

0

(15)

179

0

0

164

0

Financial instruments

44

0

0

0

63

125

(18)

Net operating loss and tax loss carry forwards

75

0

0

0

(15)

60

0

Deferred tax assets (liabilities) before offsetting

119

(15)

179

0

47

349

(18)

Valuation allowances on deferred tax assets

(104)

0

(164)

0

(63)

(331)

0

Set ‑ off

(15)

15

0

0

0

(18)

18

Net deferred tax assets (liabilities)

0

0

15

0

(15)

0

0

Deferred income taxes as of 31 December 2021 are related to the following assets and liabilities:

Movement through income statement Deferred tax benefit (expense)

1 January 2021

Other movements

31 December 2021

Deferred tax assets

Deferred tax liabilities

Deferred tax assets

Deferred tax liabilities

OCI

Others

(In € million)

Securities

0

(41)

26

0

0

0

(15)

Financial instruments

4

0

0

0

39

44

0

Net operating loss and tax loss carry forwards

10

0

0

0

65

75

0

Deferred tax assets (liabilities) before offsetting

14

(41)

26

0

105

119

(15)

Valuation allowances on deferred tax assets

0

0

0

0

(104)

(104)

0

Set ‑ off

(14)

14

0

0

0

(15)

15

(1)

Net deferred tax assets (liabilities)

0

(27)

26

0

1

0

0

(1) 2021 figures restated in accordance with 2022 presentation.

Details of net deferred taxes recognised cumulatively in equity are as follows:

31 December

2022

2021

(In € million)

Financial instrument at fair value through OCI

0

(15)

Total

0

(15)

Deferred taxes on net operating losses (“NOLs”), trade tax loss carry forwards and tax credit carry forwards are:

31 December

2022

2021

(In € million)

NOLs

231

292

Tax credit carry forwards

0

0

Tax effect

60

75

Valuation allowances

(60)

(75)

Deferred tax assets on NOLs and tax credit carry forwards

0

0

As of 1 January 2022, tax losses can be carried forward indefinitely but profits in one year which exceed EUR 1 million will only be offsettable for up to 50 percent of that higher taxable profit against losses, minus an amount of EUR 1 million.

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