Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Segment Information

11.

Related Party Transactions

Sales of goods and

Purchases of goods and services and other expenses

Loans granted / Other receivables due at 31 December

Loans received / Other liabilities due at 31 December

services and other income

Receivables at 31 December

Liabilities at 31 December

(In € million)

2022

Total transactions with associates Total transactions with joint ventures

20

177

2

(0)

96

32

3,073

206

1,273

1,199

2

1,692

2021

Total transactions with associates Total transactions with joint ventures

7

132

3

22

108

0

2,807

212

930

1,239

0

1,410

Transactions with unconsolidated subsidiaries are immaterial to the Company’s Consolidated Financial Statements. As of 31 December 2022, the Company granted guarantees of €129 million to Air Tanker Group in the UK (2021: €129 million) and €225 million to NHIndustries in France (2021: €225 million).

For information regarding the funding of the Company’s pension plans, which are considered as related parties, see “– Note 32: Post ‑ Employment Benefits”. The information relative to compensation and benefits granted to Members of the Executive Committee and Board of Directors are disclosed in “– Note 34: Remuneration”.

2.3 Segment Information

The Company operates in three reportable segments which reflect the internal organisational and management structure according to the nature of the products and services provided.

Airbus — Development, manufacturing, marketing and sale of commercial jet passenger aircraft of more than 100 seats, freighter aircraft and regional turboprop aircraft and aircraft components; aircraft conversion and related services. It also includes the holding function of the Company and its bank activities. – Airbus Helicopters — Development, manufacturing, marketing and sale of civil and military helicopters; provision of helicopter related services. –

Airbus Defence and Space — Military Aircraft design, development, delivery, and support of military aircraft such as combat, mission, transport and tanker aircraft and their associated services. Space Systems design, development, delivery, and support of full range of civil and defence space systems for telecommunications, earth observations, navigation, science and orbital systems. Connected Intelligence provision of services around data processing from platforms, secure communication and cyber security. Unmanned Aerial Systems design, development, delivery and service support. In addition, the main joint ventures design, develop, deliver, and support missile systems and space launcher systems. –

On 1 January 2022, Airbus Atlantic, a wholly ‑ owned Airbus subsidiary, was established. The new company groups the strengths, resources and skills of Airbus’s sites in Nantes and Montoir ‑ de ‑ Bretagne, the central functions associated with their activities, as well as the STELIA Aerospace sites worldwide.

This unification is part of the transformation project announced in April 2021, aimed at strengthening the value chain of aerostructure assembly within Airbus’s industrial setup.

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