Financial Statements 2021

2. Notes to the IFRS Consolidated Financial Statements / 2.2 Airbus Structure

6.

Climate impacts

Climate change may have a major impact on both the Company’s industrial operations and its upstream and downstream value chain, including aircraft direct operations and the wider air transport ecosystem along with a strong influence on regulations and stakeholders expectations. Accordingly, climate-related risks can potentially af fect the Company’s business and competitiveness, its customers and other actors in the aviation industry. For further information on climate-related risks, please refer to the Report of the Board of Directors – 4.6 Risk Factors – “Climate-Related Risks”. For more details on specific impacts, see “– Note 19: Intangible Assets”, “– Note 20: Property, Plant and Equipment” and “– Note 33: Remuneration”. The Company is committed to contributing to meeting the Paris Agreement targets and in taking a leading role in the decarbonisation of the aviation sector in cooperation with all stakeholders. For fur ther information, please refer to the Report of the Board of Directors – 6.1 Non-Financial Information – 6.1.2 “Lead the Journey Towards Clean Aerospace”.

The Company continuously assesses potential impacts of identified environmental risks and opportunities. As of 31 December 2021, to the best of the Company’s judgement, there is no impact on the Company’s assets and liabilities. The Company considered the assumptions related to the life cycle of its main programmes and the related impacts on long-lived assets impairments and concluded that there was no need for impairment. Similarly, the Company did not identify any need for revision to the useful lives of the property, plant and equipment and intangible assets. The Company shares the EU’s ambition to reach a net- zero carbon aviation ecosystem in Europe by 2050, and will contribute to the EU’s “2030 Climate Target Plan”. Further sustainability activities will continue to accelerate, especially with the objective to bring a zero emission commercial aircraft to market in 2035.

2.2 Airbus Structure

7.

Scope of Consolidation

Consolidation — The Company’s Consolidated Financial Statements include the Financial Statements of Airbus SE and all material subsidiaries controlled by the Company. The Company’s subsidiaries prepare their Financial Statements at the same reporting date as the Company’s Consolidated Financial Statements (see Appendix “Simplified Airbus Structure” chart). Subsidiaries are entities controlled by the Company including so-called structured entities, which are created to accomplish a narrow and well-defined objective. They are fully consolidated from the date control commences to the date control ceases. The assessment of control of a structured entity is performed in three steps. In a first step, the Company identifies the relevant activities of the structured entities (which may include managing lease receivables, managing the sale or re-lease at the end of

the lease and managing the sale or re-lease on default) and in a second step, the Company assesses which activity is expected to have the most significant impact on the structured entities’ return. Finally, the Company determines which party or parties control this activity. The Company’s interests in equity-accounted investees comprise investments in associates and joint ventures. Such investments are accounted for under the equity method and are initially recognised at cost. The Financial Statements of the Company’s investments in associates and joint ventures are generally prepared for the same reporting period as for the parent company. Adjustments are made where necessary to bring the accounting policies and accounting periods in line with those of the Company.

PERIMETER OF CONSOLIDATION

31 December

2021

2020

(Number of companies)

Fully consolidated entities

178

177

Investments accounted for under the equity method in joint ventures

57

58

23

25

in associates

Total

258

260

For more details related to unconsolidated and consolidated structured entities, see “– Note 27: Sales Financing Transactions”.

20

Airbus / Financial Statements 2021