Financial Statements 2021

2. Notes to the IFRS Consolidated Financial Statements / 2.5 Operational Assets and Liabilities

Movements in other provisions during the year were as follows:

Increase from passage of time Additions

Reclassification / Change in consolidated

Balance at 31 December 2021

Balance at 1 January 2021

Exchange differences

group Used Released

(In € million)

Onerous contracts

3,026

87

0

371

(271)

(782)

(182)

2,249

Outstanding costs

1,320

4

0

456

0 (345)

(59)

1,376

Aircraft financing risks (1)

7

1

0

13

0

(2)

(2)

17

Obligation from services and maintenance agreements

553

0

9

16

0

(33)

(54)

491

Warranties

325

6

(1)

115

1

(58)

(16)

372

Personnel-related provisions (2)

1,905

3

1

394

(264)

(1,023)

(247)

769

Litigation and claims (3)

894

1

0

74

(5)

(86)

(150)

728

Asset retirement

185

2

2

4

(1)

0

(41)

151

Other risks and charges

2,348

5

0

787

4 (481)

(607)

2,056

Total

10,563

109

11 2,230

(536) (2,810)

(1,358)

8,209

(1) See “– Note 27: Sales Financing Transactions”. (2) See “– Note 30: Personnel-Related Provisions”. (3) See “– Note 38: Litigation and Claims”.

Provisions for onerous contracts in 2021 mainly include the delivery of the last A380 aircraft, the utilisation and net presentation of the A400M programme losses against inventories and the reduction in the A220 programme. Personnel-related provisions include restructuring provisions and other personnel charges. For more details, see “– Note 30: Personnel-Related Provisions”. Contingent assets and contingent liabilities —The Company is exposed to technical and commercial contingent obligations due to the nature of its businesses. To mitigate this exposure, the Company has subscribed a Global Aviation Insurance Programme (“GAP”). Information required under IAS 37

“Provisions, Contingent Assets and Contingent Liabilities” is not disclosed if the Company concludes that disclosure can be expected to prejudice seriously its position in a dispute with other parties. For other contingent liabilities, see “– Note 38: Litigation and Claims” and “– Note 12: Revenue and Gross Margin” (mainly A400M programme). Other commitments include contractual guarantees and performance bonds to certain customers as well as commitments for future capital expenditures and amounts which may be payable to commercial intermediaries if future sales materialise.

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25. Other Financial Assets and Other Financial Liabilities

Other Financial Assets

31 December

2021

2020

(In € million)

Positive fair values of derivative financial instruments (1)

664

3,451

27

32

Others

691

3,483

Total non-current other financial assets

803

1,158

Receivables from related companies

Positive fair values of derivative financial instruments (1)

341

973

307

301

Others

Total current other financial assets

1,451

2,432

Total

2,142

5,915

(1) See “– Note 37: Financial Instruments”.

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Airbus / Financial Statements 2021