Financial Statements 2023
2. Notes to the IFRS Consolidated Financial Statements 2.5 Operational Assets and Liabilities
26.
Other Assets and Other Liabilities
Other Assets
31 December
2023
(In € million)
2022
Cost to fulfil a contract
468
337
Prepaid expenses
129
149
(1)
Others
1,257
1,386
Total non ‑ current other assets
1,854
1,872
Value added tax claims
1,600
1,732
Cost to fulfil a contract
460
448
Prepaid expenses
174
161
(1)
Others
463
509
Total current other assets
2,697
2,850
Total
4,551
4,722
As of 31 December 2023, other assets include €874 million of payments to be made to Airbus by suppliers after aircraft delivery (2022: €673 million). They are recorded as a reduction of cost of goods sold at the time of aircraft delivery. These future payments are discounted to reflect specific contractual terms and repayment profile. (1) As of 31 December 2023, a non ‑ current asset of €373 million (2022: €642 million) is accounted for to reflect the surplus in two pension funds in the UK. The change of €-269 million is mainly explained by actuarial losses on pension obligations from financial assumptions of €-204 million and from experience adjustments of €-75 million as well as the actuarial losses related to the performance of assets of €-124 million. It is partly offset by the contributions to plan assets of €163 million. (see “– Note 24: Provisions, Contingent Assets and Contingent Liabilities”).
Other Liabilities
31 December
2023
(In € million)
2022
(1)
Others
450
498
Total non ‑ current other liabilities
450
498
Tax liabilities (excluding income tax)
740
1,082
(1)
Others
2,767
2,721
Total current other liabilities
3,507
3,803
Total
3,957
4,301
“Others” mainly comprises tax (excluding income tax) and personnel liabilities ( e.g. Salaries, Social insurance contribution, Liabilities from personnel restructuring). (1)
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Airbus
Financial Statements 2023
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