TUI : AG Financial Statements 2022 (HGB, local GAAP)

2022 FINANCIAL STATEMENTS TUI AG

Contents*

Annual Financial Statements

1. Balance sheet
2. Profit and Loss Statement

Notes

1. Notes of TUI AG for financial year 2022

1. Accounting and measurement

1. Notes to the statement of financial position

1. Notes to the income statement

1. Other notes

1. Supervisory Board

1. Executive Board

1. Development of fixed assets

1. Corporate Governance Report

1. Responsibility statement by management
2. Independent auditor's report

1. Five-yearsummary

• The Annual Financial Statements of TUI AG are available in German and in English:­ www.tuigroup.com/en-en/annual-reports
  This version does not comply with the statutory XHTML / iXBRL format, taking into
  account­ the requirements of the European Single Format (ESEF) Regulation. This report was published on 14 December 2022.
  The components subject to publication requirements are also published in the ­ Federal Gazette and, for the first time, also in XHTML / iXBRL format, taking into
  account­ the requirements of the European Single Format (ESEF) Regulation.
  The management report of TUI AG has been combined with the management report of the Group and published in our Annual Report 2022.

2	A N N U A L F I N A N C I A L S T A T E M E N T S   »   BAL ANCE SHE E T

Annual Financial Statements

Balance sheet of the TUI AG as at 30 Sep 2022

€ '000		Notes		30 Sep 2022		30 Sep 2021
Assets
Fixed assets	(1)
Intangible assets				3,359		4,599
Property, plant and equipment				1,185		1,626
Investments
Shares in Group companies				7,187,709		7,426,026
Other investments				565,899		596,746
				7,753,608		8,022,772
				7,758,152		8,028,997
Current assets
Receivables and other assets	(2)		1,781,155		1,385,381
Cash in hand and bank balances	(3)		472,956		592,461
				2,254,111		1,977,842
Prepaid expenses	(4)		9,852		29,138
				10,022,115			10,035,977

Equity
Shareholders' equity
Subscribed capital	(5)		1,785,206		1,099,394
Conditional capital				832,000		679,900
Capital reserves	(6)		3,090,597		2,235,992
Accumulated loss					- 831,529		- 300,584
of which carried forward / retained earnings brought forward					- 300,584	190,874
				4,044,274		3,034,802
Special non-taxed items	(8)		38		67
Provisions
Provisions for pensions and similar obligations	(9)		164,012		153,672
Other provisions	(10)		159,323		173,803
				323,335		327,475
Liabilities	(11)
Bonds				648,300		739,600
of which convertible				648,300		739,600
Liabilities to banks				995,568		2,282,921
Trade accounts payable				2,391		5,140
Other liabilities				4,008,209		3,645,972
				5,654,468		6,673,633
				10,022,115			10,035,977

A N N U A L F I N A N C I A L S TAT E M E N T S   »   PROFIT AND LOSS STATE ME NT

3

Profit and Loss Statement of TUI AG for the period from 1 Oct 2021 to 30 Sep 2022 (previous year from 1 Oct 2020 to 30 Sep 2021)

€ '000		Notes				2022	2021
Revenue	(15)	89,839				33,851
Other operating income	(16)	491,712				1,750,290
						581,551	1,784,141
Cost of materials	(17)	16,428				11,298
Personnel costs	(18)	57,498				39,631
Depreciation / amortisation	(19)	1,579				4,527
Other operating expenses	(20)	332,635				471,731
							- 408,140		- 527,187
Net income from investments	(21)					- 205,175		- 381,055
Write-downs of investments	(22)				380,044	1,180,341
Interest result	(23)					- 121,123		- 191,139
Income taxes (income (-), expense (+))	(24)					- 3,804		- 2,840
Profit after taxes							- 529,127		- 492,741
Income / expense from other taxes	(24)				1,818		- 1,283
Net profit of the year							- 530,945		- 491,458
Loss carried forward / retained earnings
brought forward							- 300,584	190,874
Accumulated loss		(7)					- 831,529		- 300,584