AIRBUS - 2019 Financial Statements
Notes to the IFRS Company Financial Statements /
14.5 Derivative Financial Instruments and Hedge Accounting Disclosure The following table presents the amounts relating to items designated as hedging instruments and hedge ineffectiveness as of 31 December 2019 under IFRS 9:
December
2019
2018
Carrying values
Carrying values
Asset
Liability
Asset
Liability
(In € million)
Foreign currency risk Net forward sales contracts
0
0
0
0
Foreign exchange options
0
0
0
0
Interest rate risk
236
0
66
95
Commodity swap risk
0
0
0
0
Equity swap risk
0
0
0
0
Total
236
0
66
95
14.6 Net Gains or Net Losses The Company’s net gains or net losses recognised in profit or loss in 2019 and 2018, respectively are as follows:
December
2019
2018
(In € million)
Financial assets or financial liabilities at fair value through profit or loss Held for trading
(144)
(51)
(18)
(39)
Designated on initial recognition
69
35
Financial assets at amortised cost
26
68
Financial assets at fair value through OCI
(81)
(42)
Financial assets at fair value through profit or loss
7
(10)
Financial liabilities measured at amortised cost
Total
(141)
(39)
4.5 Other Notes
15. Audit Fees
4
Fees related to professional services rendered by the Company’s auditor, Ernst & Young Accountants LLP, for the fiscal year 2019 were € 1,505 thousand (in 2018: € 680 thousand). These fees relate to audit services only.
16. Events after the Reporting Date
On 31 January 2020, the Company reached final agreements with the French Parquet National Financier (PNF), the U.K. Serious Fraud Office (SFO) and the U.S. Department of State (DoS) (see “– Note 38: Litigation and Claims”). The UK formally exited the EU on 31 January 2020. From 1 February, both parties enter the “transition period” during which the EU and UK will negotiate additional relationship arrangements. The transition period runs until 31 December 2020.
109
Airbus / Financial Statements 2019
Made with FlippingBook - Online catalogs