Financial Statements 2021

4. Notes to the IFRS Company Financial Statements /

A number of new or revised standards, amendments and improvements to standards as well as interpretations are not yet effective for the year ended 31 December 2021 and have not been applied in preparing these Financial Statements and early adoption is not planned:

IASB effective date for annual reporting periods beginning on or after

Endorsement status

Standards and amendments

Amendments to IFRS 3 “Reference to the Conceptual Framework”

1 January 2022

Endorsed

Amendments to IAS 16 “Property, Plant and Equipment – Proceeds before Intended Use”

1 January 2022

Endorsed

Amendments to IAS 37 “Onerous Contracts – Cost of Fulfilling a Contract”

1 January 2022

Endorsed

Annual Improvements to IFRS Standards 2018–2020

1 January 2022

Endorsed

IFRS 17 “Insurance Contracts”

1 January 2023

Endorsed

Amendments to IAS 1 “Classification of Liabilities as Current or Non-current”

1 January 2023

Not yet endorsed

Amendments to IAS 8 “Definition of Accounting Estimates”

1 January 2023

Not yet endorsed

Amendments to IAS 1 “Disclosure of Accounting Policies”

1 January 2023

Not yet endorsed

Amendments to IAS 12 “Deferred Tax related to Assets and Liabilities arising from a Single Transaction” Amendments to IFRS 17 “Initial Application of IFRS 17 and IFRS 9 – Comparative Information” The information with regard to Capital Management is disclosed in Note 35, further information about Litigation and Claims refers to Note 38 and Events after the Reporting Date are disclosed in Note 40 of the Consolidated Financial Statements.

1 January 2023

Not yet endorsed

1 January 2023

Not yet endorsed

Unless reference is made to the accounting policies described in the Consolidated Financial Statements, the main accounting policies applied in the preparation of these Company Financial Statements are described in each accounting area. These accounting policies have been consistently applied to all financial years presented, unless otherwise stated.

4.

Key Estimates and Judgements

The preparation of the Company Financial Statements requires the use of estimates and assumptions. In preparing these Financial Statements, management exercises its best judgement based upon its experience and the circumstances prevailing at that time. The estimates and assumptions are based on available information and conditions at the end of the financial period presented and are reviewed on an ongoing basis.

The details regarding the use of estimates and judgements are described in “– Note 4 Key Estimates and Judgements” of the Consolidated Financial Statements. Key accounting estimates and judgements af fecting the assessment and measurement of impairment are included in “– Note 9 Investments in Subsidiaries, Associates and Participations” of the Company Financial Statements.

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Airbus / Financial Statements 2021