Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Airbus Performance

17.

Total Financial Result

Interest income derived from the Company’s asset accrues, using the effective interest rate method.

2022

2021

(In € million)

Interests on European Governments’ refundable advances

(133)

(112)

Others

(99)

(134)

(1)

Total interest result

(232)

(246)

Change in fair value measurement of financial instruments

(346)

(370)

Foreign exchange translations on monetary items

(99)

53

Unwinding of discounted provisions

8

(19)

Others

419

267

Total other financial result

(18)

(69)

Total

(250)

(315)

(1) In 2022, the total interest income amounts to €180 million (2021: €88 million) for financial assets which are not measured at fair value through profit or loss. For financial liabilities which are not measured at fair value through profit or loss €-412 million (2021: €-334 million) are recognised as total interest expenses. Both amounts are calculated by using the effective interest method.

Total financial result improved by €+65 million to €-250 million compared to €-315 million in 2021. This is mainly driven by the revaluation of certain equity investments (see “– Note 22: Other Investments and Other Long ‑ Term Financial Assets”) and a net

positive impact from the revaluation of financial instruments partly offset by the negative impact from the foreign exchange valuation of monetary items.

18.

Income Taxes

The expense for income taxes is comprised of the following:

2022

2021

(In € million)

Current tax expense

(536)

(348)

Deferred tax expense

(403)

(505)

Total

(939)

(853)

Main income tax rates and main changes impacting the Company:

2022

2023

> 2024

(Rate in %)

Netherlands

25.80

25.80

25.80

France

25.83

25.83

25.83

Germany

30.00

30.00

30.00

Spain

25.00

25.00

25.00

(1)

UK

19.00

25.00

25.00

(1) A tax law has been enacted in 2022 increasing the rate for income taxes to 25.00% from April 2023 and beyond.

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