Financial Statements 2023

4. Notes to the IFRS Company Financial Statements 4.1 Basis of Preparation

Amendments to IAS 12 “Income Taxes – International Tax Reform – Pillar Two Model Rules”

The amendments introduce a temporary exception to the accounting requirements for deferred taxes in IAS 12, so that an entity would neither recognise nor disclose information about deferred tax assets and liabilities related to Pillar Two income taxes. As a consequence, no deferred tax assets or liabilities are recognised in the Company Financial Statements as of 31 December 2023.

In addition, no material changes are expected in the Company Financial Statements of Airbus SE from the implementation of the new standards not yet applied. 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 2023 and have not been applied in preparing these Financial Statements and early adoption is not planned:

Endorsement status

IASB effective date for annual reporting periods beginning on or after

Standards and related amendments

Amendments to IFRS 16 “Lease Liability in a Sale and Leaseback”

1 January 2024

Endorsed

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

1 January 2024

Endorsed

Amendments to IAS 1 “Non ‑ current Liabilities with Covenants”

1 January 2024

Endorsed

Amendments to IAS 7 “Statement of Cash Flows” and IFRS 7 “Financial Instruments : Disclosures: Supplier Finance Arrangements” Amendments to IAS 21 “The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability” The information with regard to Capital Management is disclosed in “– Note 35: Capital Management”, further information about Litigation and Claims refers to “– Note 38: Litigation and Claims” and Events after the Reporting Date are disclosed in “– Note 40: Events after the Reporting Date” of the Consolidated Financial Statements. Further information about Share ‑ based payment and Employee Stock Ownership Plans (ESOP) is presented in “– Note 32:

Not yet endorsed

1 January 2024

Not yet endorsed

1 January 2025

Share ‑ Based Payment” and “– Note 33: Remuneration” of the Consolidated Financial Statements. 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.

5.

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 5: Key Estimates and Judgements” of the Consolidated Financial Statements. Key accounting estimates and judgements affecting the assessment and measurement of impairment are included in “– Note 10: Investments in Subsidiaries, Associates and Participations” of the Company Financial Statements.

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Airbus

Financial Statements 2023