Financial Statements 2021

4. Notes to the IFRS Company Financial Statements /

Long-term financing liabilities , mainly comprising bonds and liabilities to financial institutions, decreased by €1,028 million to €10,328 million (2020: €11,356 million), mainly due to pre-payment of a US$1 billion bond issued on 9 April 2013 in the US institutional market with an original maturity of ten years. Short-term financing liabilities decreased by € 565 million to € 591 million (2020: € 1,156 million), mainly due to the repayment of the exchangeable bonds to be convertible into Dassault Aviation shares issued on 14 June 2016 for an amount of € 1.0 billion and the repayment of the DBJ loan for an amount of US$ 100 million. As part of Group-wide liquidity management, Airbus SE agreed on a repo transaction (€ 591 million) with Airbus Bank to increase flexibility and short-term borrowing capacity over year-end. Additionally, the transaction supports the lending capacity of Airbus Bank to the economy. This particularly benefits the Airbus ecosystem through increased lending to Airbus customers and suppliers. Prior to 2021, the Company issued several euro-denominated bonds under its EMTN programme and three stand-alone US dollar-denominated bonds on the US institutional market under Rule 144A. The Company can issue commercial papers under its €11 billion Negotiable European Commercial Paper (“NEuCP”) programme, its €4 billion Euro Commercial Paper (“ECP”) programme and its $3 billion US Commercial Paper programme. Reconciliation of liabilities arising from financing liabilities:

Non-cash movements

Balance at 31 December 2021

Balance at 1 January

Fair value through profit or loss

Foreign exchange movements Others (1)

2021 Cash flows

(In € million)

Bonds and commercial papers

8,358

(1,078)

(46)

102

2,992

10,328

Liabilities to financial institutions

81

(82)

0

1

0

0

Loans from Subsidiaries

4,073

(233)

(279)

10

(2,979)

591

Total

12,512

(1,394)

(325)

113

14

10,919

(1) Due to the merge of Airbus Finance BV, the existing loans between Airbus SE and the subsidiary have been acquired and cancelled and the bonds of Airbus Finance BV from third parties have also been acquired (see “– Note 9: Investments in Subsidiaries, Associates and Participations”).

Non-cash movements

Balance at 1 January

Fair value through profit or loss

Foreign exchange movements Others

Balance at 31 December 2020

2020 Cash flows

(In € million)

Bonds and commercial papers

2,435

5,940

83

(113)

13

8,358

Liabilities to financial institutions

89

0

0

(8)

0

81

Loans from Subsidiairies

4,056

0

89

(75)

3

4,073

Total

6,580

5,940

172

(196)

16

12,512

104

Airbus / Financial Statements 2021