Financial Statements 2023

2. Notes to the IFRS Consolidated Financial Statements 2.3 Segment Information

31 December

Segment assets (In € million)

2023

2022

Airbus

70,116

68,367

Airbus Helicopters

12,531

9,262

Airbus Defence and Space

20,952

17,835

Eliminations

(14,053)

(8,505)

Total segment assets

89,546

86,959

Unallocated

Deferred and current tax assets

3,994

5,387

Securities

8,809

7,775

Cash and cash equivalents

16,469

15,823

Assets classified as held for sale

53

0

Total assets

118,871 115,944

Revenue by geographical areas is disclosed in “– Note 12: Revenue and Gross Margin”. Property, plant and equipment by geographical areas is disclosed in “– Note 20: Property, Plant and Equipment”.

31 December

2023

2022

(In € million)

(In %)

(In € million)

(In %)

Segment order backlog

Airbus

490,812

89 390,456

86

Airbus Helicopters

21,525

4

20,774

5

Airbus Defence and Space

42,195

8

38,426

9

Eliminations

(639)

0

(415)

0

Total

553,893

100 449,241

100

As of 31 December 2023, the total backlog represents the aggregate amount of the transaction price allocated to the unsatisfied and partially unsatisfied performance obligations to the Company’s customers. Backlog commitments are relative to the Company’s enforceable contracts with its customers where it is probable that the consideration will be collected. As a result, contractual rebates, engines concessions, and variable considerations are taken into consideration for measurement. Contracts stipulated in a currency different than the presentation currency are translated to euro using the spot rate as of 31 December 2023 and 2022 respectively. Adjustments to the value of the backlog could result from changes in the transaction price.

Order backlog valued at €554 billion at the end of 2023 (2022: €449 billion) with an order intake amounting to €186.5 billion (2022: €82.5 billion) and revenues to €65.4 billion (2022: €58.8 billion). The increase mainly reflects a book to bill of 2.8 partly offset by the weakening of the US dollar. In Airbus, total gross commercial aircraft orders amount to 2,319 units (2022: 1078 units) with net orders of 2,094 aircraft after cancellations (2022: 820 aircraft) and total deliveries amount to 735 units (2022: 661 units) as of 31 December 2023. In 2024, approximately 9% of the Airbus backlog in units is expected to be converted into revenues.

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Airbus

Financial Statements 2023