Financial Statements 2021

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

of ATR GIE are legally entitled exclusively to the benefits and are liable for the commitments of the joint venture. ATR GIE is obliged to transfer its cash to each member of the joint venture.

ATR GIE manufactures advanced turboprop aircraft. It is a 50% joint venture between Leonardo group company and the Company. Both Leonardo and the Company provide airframes which are assembled by ATR GIE in France. The members

The following table summarises financial information for ArianeGroup, MBDA and ATR GIE based on their Consolidated Financial Statements prepared in accordance with IFRS:

ArianeGroup

MBDA

ATR GIE

2021 3,129

2021 4,234

2021

2020

2020

2020

(In € million)

Revenue

2,718 (128)

3,592

707

398

(157)

(165)

(143)

21

(6)

Depreciation and amortisation

1

9

8

5

0 0 0

0 0 1

Interest income Interest expense

(12)

(27)

(13)

(17)

40

9

(112) 344 266 610

(119)

Income tax expense

(39)

(6)

279

(48)

(138)

Profit from continuing operations Other comprehensive income

15

(14)

(157) 122 2,687 7,841 2,851 1,104

0

0

Total comprehensive income (100%)

(24)

(20) 6,111 6,260

(48) 267 720

(138)

Non-current assets

6,129 6,466 1,223 1,008

2,727 7,849 2,819

262 835

Current assets

642

6

9

thereof cash and cash equivalents

1,152

766

203

165

Non-current liabilities

thereof non-current financial liabilities (excluding trade and other payables and provisions)

423

483

6

3

0

0

7,451

7,075

8,733

8,821

662

901

Current liabilities

thereof current financial liabilities (excluding trade and other payables and provisions)

129

53

21

27

0

0

Total equity (100%)

4,136 4,144 1,077

603 603

122 122

31 31

Equity attributable to the equity owners of the parent

4,126

4,144

1,077

10

0

0

0

0

0

Non-controlling interests

2 2

ArianeGroup

MBDA

ATR GIE

2021 2,063

2021

2021

2020

2020

2020

(In € million)

The Company’s interest in equity on investee

2,072

404 282

226 282

61

15

244

244

0 0 0 0

0 0 0 0

Goodwill

(1,519)

(1,519)

0 0 0

0 0 0

PPA adjustments, net of tax

(121)

(71) (36)

Airbus Defence and Space PPA (including 2016 Ariane 6 catch-up)

(36)

Contingent liability release adjustment

Fair value adjustments and modifications for differences in accounting policies

(101)

(23)

(10)

(10)

0 3

0 0

0 2

0 2

0 0

0 0

Dividend adjustment

(5) 59

(5) 10

Elimination of downstream inventory

Carrying amount of the investment at 31 December

532

669

676

498

23

Airbus / Financial Statements 2021