AIRBUS - 2019 Financial Statements

1. Airbus SE IFRS Consolidated Financial Statements	5
Airbus SE – IFRS Consolidated Income Statement for the years ended 31 December 2019 and 2018	6
Airbus SE – IFRS Consolidated Statement of Comprehensive Income for the years ended 31 December 2019 and 2018	7
Airbus SE – IFRS Consolidated Statement of Financial Position for the years ended 31 December 2019 and 2018	8
Airbus SE – IFRS Consolidated Statement of Cash Flows for the years ended 31 December 2019 and 2018	10
Airbus SE – IFRS Consolidated Statement of Changes in Equity for the years ended 31 December 2019 and 2018	11
2. Notes to the IFRS Consolidated Financial Statements	13
2.1 Basis of Preparation	15
1. The Company	15
2. Significant Accounting Policies	15
3. Key Estimates and Judgements	17
4. Change in Accounting Policies and Disclosures	18
5. Brexit	20
2.2 Airbus Structure	20
6. Scope of Consolidation	20
7 . Acquisitions and Disposals	21
7.1 Acquisitions	21
7.2 Disposals	23
7.3 Assets and Disposal Groups Classified as Held for Sale	23
7.4 Cash Flows from Disposals including Assets and Disposal Groups Classified as Held for Sale	23
8 . Investments Accounted for under the Equity Method	24
8.1 Investments in Joint Ventures	24
8.2 Investments in Associates	26
9. Related Party Transactions	26
2.3 Segment Information	27
10. Segment Information	27
2.4 Airbus Performance	29
11. Revenue and Gross Margin	29
12. Administrative Expenses	30
13. Research and Development Expenses	30
14. Share of Profi t from Investments Accounted for under the Equity Method and Other Income from Investments	31
15. Other Income and Other Expenses	31
16. Total Financial Result	31
17. Income Tax	32
18. Earnings per Share	35
2.5 Operational Assets and Liabilities	35
19. Intangible Assets	35
20. Property, Plant and Equipment	38
21. Other Investments and Other Long-Term Financial Assets	40
22. Contract Assets and Contract Liabilities, Trade Receivables and Trade Liabilities	40
23. Inventories	41
24. Provisions, Contingent Assets and Contingent Liabilities	42
25. Other Financial Assets and Other Financial Liabilities	43
26. Other Assets and Other Liabilities	44
27. Sales Financing Transactions	45
2.6 Employees Costs and Benefits	47
28. Number of Employees	47
29. Personnel Expenses	47
30. Personnel-Related Provisions	48
31. Post-Employment Benefits	48
32. Share-Based Payment	54
33. Remuneration	56
2.7 Capital Structure and Financial Instruments	60
34. Total Equity	60
35. Capital Management	61
36. Net Cash	62
37. Information about Financial Instruments	65
2.8 Other Notes	79
38. Litigation and Claims	79
39. Auditor Fees	81
40. Events after the Reporting Date	81
2.9 Appendix “Simplified Airbus Structure”	82
3. Airbus SE IFRS Company Financial Statements	85
IFRS Company Income Statement for the years ended 31 December 2019 and 2018	86
IFRS Company Statement of Comprehensive Income for the years ended 31 December 2019 and 2018	86
IFRS Company Statement of Financial Position at 31 December 2019 and 2018	87
IFRS Company Statement of Cash Flows for the years ended 31 December 2019 and 2018	88
IFRS Company Statement of Changes in Equity for the years ended 31 December 2019 and 2018	89
4. Notes to the IFRS Company Financial Statements	91
4.1 Basis of Presentation	93
1. The Company	93
2. Significant Accounting Policies	93
3. Key Estimates and Judgements	94
4. Related Party Transactions	94
4.2 Company Performance	95
5. Total Operating Result	95
6. Total Financial Result	95
7. Income Tax	96
4.3 Operational Assets and Liabilities	97
8. Investments in Subsidiaries, Associates and Participations	97
9. Financial Assets and Financial Liabilities	99
10. Commitments and Contingencies	100
4.4 Employees	100
11. Number of Employees	100
4.5 Capital Structure and Financial Instruments	100
12. Total Equity	100
13. Cash, Securities and Financing Liabilities	102
14. Information about Financial Instruments	104
4.5 Other Notes	109
15. Audit Fees	109
16. Events after the Reporting Date	109
5. Other Supplementary Information Including the Independent Auditor’s Report	111
Other Supplementary Information	112
1. Appropriation of Result	112
2. Independent Auditor’s Report	112

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