Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Operational Assets and Liabilities

Trade Liabilities

Trade liabilities of €13,261 million (2021: €9,693 million) increased by €+3,568 million, mainly driven by higher volume and payment terms increase linked to certain agreements reached with suppliers.

As of 31 December 2022, trade liabilities amounting to €86 million (2021: €89 million) will mature after more than one year.

24.

Inventories

31 December 2022

31 December 2021

Write ‑ down Net book value Gross amount

Gross amount

Write ‑ down Net book value

(In € million)

Raw materials and manufacturing supplies

4,387

(643)

3,744

3,773

(705)

3,068

Work in progress

20,484

(1,229)

19,255

19,553

(2,010)

17,542

Finished goods and parts for resale

5,218

(1,060)

4,158

5,356

(800)

4,556

Advance payments to suppliers

5,114

(69)

5,045

3,491

(119)

3,372

Total

35,203

(3,001)

32,202

32,173

(3,634)

28,538

sales, whereas reversal of write ‑ downs amounts to €243 million (2021: €459 million). At 31 December 2022, €18,099 million of work in progress and €4,015 million of finished goods and parts for resale were carried at net realisable value. Inventories recognised as an expense during the period amount to €35,710 million (2021: €32,388 million).

Inventories of €32,202 million (2021: €28,538 million) increased by €+3,664 million. This is driven by Airbus (€ +3,825 million), mainly reflecting the inventory build up to support ramp up. It also includes higher advance payments made to suppliers. In 2022, write ‑ downs of inventories in the amount of €-394 million (2021: €-655 million) are recognised in cost of

25.

Provisions, Contingent Assets and Contingent Liabilities

Provisions — The determination of provisions, e.g. for onerous contracts, programme ‑ related provisions, warranty costs, restructuring measures and legal proceedings is based on best estimates.

In general, in the aerospace sector, the contractual and technical parameters considered for provision calculations are complex. Hence uncertainty exists with regard to the timing and amounts of expenses to be taken into account.

31 December

2022

2021

(In € million)

Provisions for pensions

3,509

7,072

Other provisions

7,514

8,209

Total

11,023

15,281

thereof non ‑ current portion

6,896

10,771

thereof current portion

4,127

4,510

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