Financial Statements 2023

4. Notes to the IFRS Company Financial Statements 4.2 Company Performance

4.2 Company Performance

7.

Total Operating Result

Note

2023

(In € million)

2022

Operating income

65

73

Corporate services rendered to Airbus companies

65

73

Operating expenses

(79)

(74)

Service fees charged by Airbus companies

(26)

(17)

Administrative expenses

(53)

(57)

Income from investments

7,477

219

Dividends received from Airbus companies

7,474

194

Gain on disposal of investments

3

25

Expense from investments

(19)

0

Impairment

10

(19)

0

Total operating result

7,444

218

Corporate services rendered to Airbus companies decreased by €-8 million to €65 million (2022: €73 million). In 2023, Airbus SE received a dividend from Airbus SAS of €7,383 million.

8.

Total Financial Result

Note

2023

(In € million)

2022

Interest result

(729)

(157)

Interest income from securities measured at fair value through OCI

148

35

Interest income (expenses) from securities measured at fair value through P&L

358

75

Interest income on financial assets measured at amortised cost

509

201

Interest expense on financial liabilities measured at amortised cost

(1,744)

(468)

Other financial result

167

391

Change in fair value measurement of financial assets

11

163

464

Impairment and Expected Credit Loss

17

2

5

(1)

Others

2

(78)

Total financial result

(562)

234

Other includes various amounts such as foreign exchange result and bank fees. (1)

The Company is acting as a financial market agent on behalf of its subsidiaries, therefore the fair value changes of derivatives are reported on a net basis.

122

Airbus

Financial Statements 2023