Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Airbus Performance

14.

Research and Development Expenses

Research and development expenses increased by €333 million to €3,079 million compared to €2,746 million in 2021

15.

Other Income and Other Expenses

Other income decreased by €-123 million to €471 million compared to €594 million in 2021. In 2022, it includes an insurance income of €200 million linked to the launch failure of the two satellites Pléiades Neo 5 and 6 in December 2022 (see “– Note 21: Property, Plant and Equipment”). In 2021, it included a restructuring provision release of €207 million and the gain of €122 million for the divestment of one of its sites to a joint venture.

Other expenses increased by €389 million to €-590 million compared to €-201 million in 2021, mainly due to the impact of €-437 million linked to the launch failure of the two satellites Pléiades Neo 5 and 6 in December 2022 (see “– Note 21: Property, Plant and Equipment”).

16.

Share of Profit from Investments Accounted for under the Equity Method and Other Income from Investments

2022

2021

(In € million)

Share of profit from investments in joint ventures

99

73

Share of profit from investments in associates

35

(33)

Share of profit from investments accounted for under the equity method

134

40

Other income from investments

58

76

Share of profit from investments under the equity method and other income from investments increased by €76 million to €192 million compared to €116 million in 2021, mainly linked to higher share of result from equity investments, partly offset by the dividends received in 2021 from other investments classified at fair value through OCI.

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