2020 Financial Statements

4. Notes to the IFRS Company Financial Statements / 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 Others Deferred tax benefit (expense) Deferred tax assets Deferred tax liabilities Securities 0 (8) (42) 0 0 0 (50) Financial instruments 0 (1) 0 0 (5) 0 (6) Net operating loss and tax loss carry forwards 21 0 0 0 11 22 0 Deferred tax assets (liabilities) before offsetting 21 (9) (42) 0 5 22 (56) Set-off (9) 9 0 0 0 (22) 22 Net deferred tax assets (liabilities) 12 0 (42) 0 5 0 (34) Details of deferred tax recognised cumulatively in equity are as follows: (In € million) 31 December 2020 2019 Financial instrument at fair value through OCI (41) (50) Total (41) (50) Deferred tax on net operating losses (“NOLs”), trade tax loss carry forwards and tax credit carry forwards are: (In € million) 31 December 2020 2019 NOL 38 97 Tax credit carry forwards 0 0 Tax effect 10 22 Valuation allowances 0 0 Deferred tax assets on NOLs and tax credit carry forwards 10 22 The first tranche of tax loss carry forwards (€38 million) will expire by the end of 2027. 98 Airbus / Financial Statements 2020