Financial Statements 2023
2. Notes to the IFRS Consolidated Financial Statements 2.3 Segment Information
10.
Related Party Transactions
Loans received / Other liabilities due at 31 December
Loans granted / Other receivables due at 31 December
Purchases of goods and services and other expenses
Sales of goods and
Receivables at 31 December
Liabilities at 31 December
services and other income
(In € million)
2023
Total transactions with associates Total transactions with joint ventures
354
174
4
35
81
0
2,868
319
1,249
1,563
0
2,143
2022
Total transactions with associates Total transactions with joint ventures
20
177
2
(0)
96
32
3,073
206
1,273
1,199
2
1,692
Transactions with unconsolidated subsidiaries are immaterial to the Company’s Consolidated Financial Statements. As of 31 December 2023, the Company granted guarantees of €104 million to NHI Industries in France (2022: €225 million), there are no more guarantees granted to Air Tanker Group in the UK (2022: €129 million).
For information regarding the funding of the Company’s pension plans, which are considered as related parties, see “– Note 31: Post ‑ Employment Benefits”. The information relative to compensation and benefits granted to Members of the Executive Committee and Board of Directors are disclosed in “– Note 33: Remuneration”.
2.3 Segment Information
The Company operates in three reportable segments which reflect the internal organisational and management structure according to the nature of the products and services provided: Airbus — Development, manufacturing, marketing and sale of commercial jet passenger aircraft of more than 100 seats, freighter aircraft and regional turboprop aircraft and aircraft components; aircraft conversion and related services. It also includes the holding function of the Company and its bank activities. – Airbus Helicopters — Development, manufacturing, marketing and sale of civil and military helicopters; provision of helicopter related services. – Airbus Defence and Space — Military Air Systems design, development, delivery and support of manned and unmanned military air systems and their associated services. Space Systems design, development, delivery, and –
The following tables present information with respect to the Company’s business segments. As a rule, inter ‑ segment transfers are carried out on an arm’s length basis. Inter ‑ segment sales predominantly take place between Airbus and Airbus Defence and Space and between Airbus Helicopters and Airbus. Consolidation effects are reported in the column “Eliminations”. The Company uses EBIT as a key indicator of its economic performance. support of a broad range of civil and defence space systems for telecommunications, earth observations, navigation, science and orbital systems. Connected Intelligence provision of services around data processing from platforms, secure communication and cyber security. In addition, the main joint ventures design, develop, deliver, and support missile systems and space launcher systems.
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Airbus
Financial Statements 2023
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