Financial Statements 2023

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

Details of net deferred taxes recognised cumulatively in equity are as follows:

31 December

2023

(In € million)

2022

Financial instrument at fair value through OCI

0

0

Total

0

0

Deferred taxes on net operating losses (“NOLs”), trade tax loss carry forwards and tax credit carry forwards are:

31 December

2023

(In € million)

2022

NOLs

263

231

Tax credit carry forwards

0

0

Tax effect

68

60

Valuation allowances

(68)

(60)

Deferred tax assets on NOLs and tax credit carry forwards

0

0

As of 1 January 2023, tax losses can be carried forward indefinitely but profits in one year which exceed €1 million will only be offsettable for up to 50 percent of that higher taxable profit against losses, minus an amount of €1 million.

4

125

Airbus

Financial Statements 2023