Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Other Notes

Past due > 3 and ≤ 6 months

Past due > 6 and ≤ 9 months

Past due > 9 and ≤ 12 months

Renegotiated / not past due / not impaired

Past due ≤ 3 months

Past due > 12 months Impairment

Not past due

Gross impaired

Total

(In € million)

31 December 2021

(1)

Trade receivables

3,686

3

356

485

124

207

64

393

(361)

4,957

Contract assets

1,406

0

0

0

0

0

0

0

(2)

1,404

Others

2,301

3

248

68

122

12

29

464

(187)

3,060

Total

7,393

6

604

553

246

219

93

857

(550)

9,421

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

The management believes that the unimpaired amounts that are past due are still collectible in full, based on historic payment behaviour and analysis of customer credit risk, including underlying customers’ credit ratings if they are available. The following impairment losses on financial assets are recognised in profit or loss in 2022 and 2021, respectively:

2022

2021

(In € million)

Trade receivables

(65)

(83)

Contract assets

0

(1)

Total

(65)

(84)

2.8 Other Notes

39.

Litigation and Claims

Litigation and claims — Various legal actions, governmental investigations, proceedings and other claims are pending or may be instituted or asserted in the future against the Company. Litigation is subject to many uncertainties, and the outcome of individual matters is not predictable with certainty. Provisions have been accounted for in accordance with IFRS criteria. It is reasonably possible that the final resolution of some of these matters may require the Company to make expenditures, in excess of established provisions over an extended period of time and in a range of amounts that cannot be reasonably estimated. The term “reasonably possible” is used herein to mean that the chance of a future transaction or event occurring is more than remote but less than likely.

The Company is involved from time to time in various governmental, legal and arbitration proceedings in the ordinary course of its business, the most significant of which are described below. Other than as described below, there are no material governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened) which may have or have had in the recent past significant effects on Airbus SE’s or the Company’s Financial Position or profitability. If the Company concludes that the disclosures relative to contingent liabilities can be expected to prejudice seriously its position in a dispute with other parties, the Company limits its disclosures to the nature of the dispute.

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