Financial Statements 2023

2. Notes to the IFRS Consolidated Financial Statements 2.5 Operational Assets and Liabilities

20.

Property, Plant and Equipment

Property, plant and equipment is valued at acquisition or manufacturing costs less accumulated depreciation and impairment losses. Items of property, plant and equipment are generally depreciated on a straight ‑ line basis. The following useful lives are assumed:

Buildings

10 to 50 years

Site improvements

6 to 30 years

Technical equipment and machinery

2 to 20 years

(1)

Jigs and tools

5 years

Other equipment, factory and office equipment

2 to 10 years

If more appropriate, jigs and tools are depreciated using the number of production or similar units expected to be obtained from the tools (sum ‑ of ‑ the ‑ units method). (1)

Property, plant and equipment as of 31 December 2023 and 2022 comprises the following:

31 December 2023

31 December 2022

Gross amount

Depreciation / Impairment

Net book value

Gross amount

Depreciation / Impairment

Net book value

(In € million)

Land, leasehold improvements and buildings, including buildings on land owned by others

10,948

(5,783)

5,165

10,536

(5,539)

4,997

Technical equipment and machinery

22,416

(15,587)

6,829

21,982

(15,286)

6,696

Other equipment, factory and office equipment (1)

3,955

(3,108)

847

3,932

(3,107)

825

Construction in progress

2,720

0

2,720

2,241

0

2,241

(2)

Right ‑ of ‑ use assets

2,616

(975)

1,641

2,578

(832)

1,746

Total

42,654

(25,453)

17,201

41,269

(24,764)

16,505

Includes the net book value of aircraft under operating lease (see “– Note 27: Sales Financing Transactions”). (1) The net book value of Land and Buildings under Right ‑ of ‑ use assets amounts to €1,493 million. (2)

2

Net Book Value

Balance at 31 December 2023

Changes in consolidation

Balance at 1 January 2023

Depreciation / Impairment

Exchange differences Additions

scope Reclassification Disposals

(In € million)

Land, leasehold improvements and buildings, including buildings on land owned by others Technical equipment and machinery Other equipment, factory and office equipment

4,997

5

109

3

379

(23)

(306)

5,165

6,696

(19)

442

9

841

(19)

(1,119)

6,829

825

(6)

131

5

96

(15)

(190)

847

Construction in progress Right ‑ of ‑ use assets

2,241

(1)

1,766

0

(1,264)

(22)

0

2,720

1,746

(24)

181

12

(26)

(30)

(218)

1,641

Total

16,505

(45)

2,629

29

26

(109)

(1,833)

17,201

41

Airbus

Financial Statements 2023