AIRBUS - 2019 Financial Statements

2.7 Capital Structure and Financial Instruments Notes to the IFRS Consolidated Financial Statements /

The following table presents the carrying amounts and fair values of financial instruments by class and by IFRS 9 measurement category as of 31 December 2019:

Financial instruments total

Financial assets and liabilities at amortised cost

Fair value through profit or loss

Fair value through OCI

Amortised cost

Fair value

Book value

Fair value

(In € million)

Assets Other investments and other long-term financial assets Equity investments (1)

1,125

1,390

0

0

2,516

2,516

Customer financing

350

0

0

0

350

350

Other loans

0

0

2,036

2,036

2,036

2,036

Trade receivables

0

0

5,674

5,674

5,674

5,674

Contract assets

0

0

1,258

1,258

1,258

1,258

Other financial assets

1,440

1,440

Derivative instruments

1,440

0

0

0

Non-derivative instruments

0

0

1,653

1,653

1,653

1,653

Securities

0

13,368

0

0

13,368

13,368

Cash and cash equivalents

7,014

652

1,648

1,648

9,314

9,314

Total

9,929

15,410

12,269 12,269

37,609

37,609

Liabilities Financing liabilities Bonds and commercial papers Liabilities to financial institutions and others

(6,491)

(6,696)

0

0

(6,491)

(6,696)

0

0

(2,096)

(2,098)

(2,096)

(2,098)

Finance lease liabilities

0

0

(1,560)

(1,560)

(1,560)

(1,560)

Other financial liabilities Derivative instruments

(3,994)

(3,994)

(3,994)

0

0

0

European Governments’ refundable advances (2)

0

0

(4,277)

(4,277)

(4,277)

(4,277)

Others

0

(1,014)

(859)

(859)

(1,873)

(1,873)

Trade liabilities

0

0

(14,808)

(14,808)

(14,808)

(14,808)

Total

(3,994)

(1,014)

(30,091)

(30,298)

(35,099)

(35,306)

(1) Other than those accounted for under the equity method. (2) The European Governments’ refundable advances of €-4,277 million are measured at amortised cost. Fair values cannot be reliably measured because their risk sharing nature and the uncertainty of the repayment dates give rise to a broad range of reasonable fair value estimates and make it impossible to reasonably assess the probabilities of the various estimates within the range. This may change and reliable fair value measures become available as the related programmes approach the end of production.

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Airbus / Financial Statements 2019