2020 Financial Statements

2. Notes to the IFRS Consolidated Financial Statements / 2.4 Airbus Performance 2 Deferred income taxes as of 31 December 2020 are related to the following assets and liabilities: (In € million) 1 January 2020 Other movements Movement through income statement 31 December 2020 Deferred tax assets Deferred tax liabilities OCI/ IAS 19 Others (1) R&D tax credits Deferred tax benefit (expense) Deferred tax assets Deferred tax liabilities Intangible assets 221 (503) 0 (10) 0 (11) 186 (489) Property, plant and equipment 55 (281) 0 (4) 0 (53) 30 (313) Investments and other long-term financial assets 1,897 (38) 0 (14) 0 (754) 1,174 (83) Inventories 2,636 (37) 0 (15) 0 (1,099) 3,088 (1,603) Receivables and other assets 1,937 (1,310) (1,086) 53 0 1,171 2,457 (1,692) Prepaid expenses 13 0 0 0 0 (15) 0 (2) Provisions for retirement plans 961 0 451 (16) 0 (208) 1,188 0 Other provisions 2,026 (557) 0 (4) 0 248 2,043 (330) Liabilities 1,528 (3,642) 160 (83) 0 338 1,966 (3,665) Deferred income 19 (236) 0 2 0 151 53 (117) NOLs and tax credit carry forwards 2,073 0 0 (69) (43) 322 2,283 0 Deferred tax assets (liabilities) before offsetting 13,366 (6,604) (475) (160) (43) 90 14,468 (8,294) Valuation allowances on deferred tax assets (2,152) 0 (59) 48 (83) (356) (2,602) 0 Set-off (6,206) 6,206 0 0 0 0 (7,843) 7,843 Net deferred tax assets (liabilities) 5,008 (398) (534) (112) (126) (266) 4,023 (451) (1) “Others” mainly comprises changes in the consolidation scope and foreign exchange rate effects. Deferred income taxes as of 31 December 2019 are related to the following assets and liabilities: (In € million) 1 January 2019 Other movements Movement through income statement 31 December 2019 Deferred tax assets Deferred tax liabilities OCI/ IAS 19 Others (1) R&D tax credits Deferred tax benefit (expense) Deferred tax assets Deferred tax liabilities Intangible assets 147 (462) 0 (16) 0 49 221 (503) Property, plant and equipment 613 (1,011) 0 (3) 0 176 55 (281) Investments and other long-term financial assets 1,416 (14) 0 21 0 436 1,897 (38) Inventories 1,416 (13) 0 (3) 0 1,199 2,636 (37) Receivables and other assets 646 (1,681) 319 51 0 1,292 1,937 (1,310) Prepaid expenses 12 0 0 0 0 1 13 0 Provisions for retirement plans 695 (57) 884 11 0 (573) 961 0 Other provisions 1,890 44 0 (17) 0 (448) 2,026 (557) Liabilities 887 (1,689) 0 (79) 0 (1,233) 1,528 (3,642) Deferred income 0 (63) 0 3 0 (157) 19 (236) NOLs and tax credit carry forwards 1,868 0 0 0 (33) 238 2,073 0 Deferred tax assets (liabilities) before offsetting 9,590 (4,946) 1,203 (32) (33) 981 13,366 (6,604) Valuation allowances on deferred tax assets (1,127) 0 (453) 0 (105) (467) (2,152) 0 Set-off (3,628) 3,628 0 0 0 0 (6,206) 6,206 Net deferred tax assets (liabilities) 4,835 (1,318) 750 (32) (138) 514 5,008 (398) (1) “Others” mainly comprises changes in the consolidation scope and foreign exchange rate effects. 33 Airbus / Financial Statements 2020