Financial Statements 2023

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

6.

Related Party Transactions

Key Management Personnel

The details regarding the compensation of key management personnel are described in “– Note 33: Remuneration” of the Consolidated Financial Statements.

Intercompany Transactions

A comprehensive exchange of internal services between the subsidiaries of a multinational corporation like Airbus SE is common practice. In its responsibility as holding company to manage its subsidiaries and to assist the business activities

conducted by Airbus companies and its subsidiaries, Airbus SE applies transfer prices for its business activities in conformity with market levels and in accordance with national and international tax requirements (arm’s length principle).

The following table discloses the related party intercompany transactions in 2023 and 2022:

2023

2022

Total transactions with subsidiaries

Total transactions with associates

Total transactions with subsidiaries

Total transactions with associates

(In € million)

(1)

Sales of goods and services and other income

7,939

22

377

9

Purchase of goods and services and other expenses

(1,227)

(63)

(265)

(9)

Receivables at 31 December

4,675

1

9,698

1

Liabilities at 31 December

(26,804)

(2,135)

(34,101)

(1)

Loans granted / Other receivables due at 31 December

3,530

86

1,971

87

Loans received / Other liabilities due at 31 December

0

(1,813)

0

(1,255)

Hedge relationships receivables at 31 December

0

0

7,081

0

Hedge relationship payables at 31 December

0

0

(770)

0

mainly including dividends received for €7,474 million. (1)

For further information about granted guarantees to subsidiaries please refer to “– Note 12: Commitments and Contingencies” of the Company Financial Statements. For further information about the impairment and the expected credit losses on receivables, please refer to “– Note 16.7: Impairment Losses” of the Company Financial Statements.

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Airbus

Financial Statements 2023