AIRBUS - 2019 Financial Statements

Notes to the IFRS Company Financial Statements /

Financial Assets Designated at Fair Value through Profit or Loss The following types of financial assets held at 31 December 2019 and 2018, respectively, are designated at fair value through profit or loss:

Nominal amount at initial recognition at 31 December 2019

Nominal amount at initial recognition at 31 December 2018

(In € million)

Designated at fair value through profit or loss at recognition: Money market funds (accumulating)

7,014

6,577

0

338

Securities

Total

7,014

6,915

The company manages these assets and measures their performance on a fair value basis.

14.3 Potential Effect of Set-Off Rights on Recognised Financial Assets and Liabilities The Company reports all its financial assets and financial liabilities on a gross basis. With each derivative counterparty there are master netting agreements in place providing for the immediate close-out of all outstanding derivative transactions and payment of the net termination amount in the event a party to the agreement defaults or another defined termination event occurs. The following tables set out, on a counterparty specific basis, the potential effect of master netting agreements on the Company’s financial position, separately for financial assets and financial liabilities that were subject to such agreements as of 31 December 2019 and 31 December 2018, respectively:

Related amounts not set off in the statement of financial position

Gross amounts recognised set off in the financial statements

Net amounts presented in the financial statements

Gross amounts recognised

Cash collateral received

Financial instruments

Net amount

(In € million)

31 December 2019 Financial assets

4,538

0

4,538

(1,480)

0

3,058

Financial liabilities

4,295

0

4,295

(1,480)

0

2,815

31 December 2018 Financial assets

3,799

0

3,799

(879)

0

2,920

Financial liabilities

3,829

0

3,829

(879)

0

2,950

14.4 Notional Amounts of Derivative Financial Instruments The notional amount of interest rate contracts are as follows, specified by year of expected maturity:

Remaining period

1 year 2 years 3 years 4 years 5 years 6 years 7 years >7 years

Total

(In € million)

31 December 2019 Interest rate contracts

0

0

0

890 1,000

0

600

2,735

5,225

Interest rate future contracts

0

0

0

0

0

0

0

0

0

31 December 2018 Interest rate contracts

0

0

0

0 1,048 1,000

600

1,200

3,848

Interest rate future contracts

215

0

0

0

0

0

0

0

215

The notional amounts of equity swaps are as follows:

Remaining period

1 year

2 years

3 years

4 years

>4 years

Total

(In € million)

37

32

23

9

0

31 December 2019

101

31 December 2018

49

37

27

9

0

122

108

Airbus / Financial Statements 2019