AIRBUS - 2019 Financial Statements

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

The following table breaks down the gross carrying amount of loans and receivables as of 31 December 2019 and 2018, separately showing those that are impaired, renegotiated or past due:

Renego- tiated/ not past due/not impaired

Not past due

Past due > 3 and ≤ 6 months

Past due > 6 and ≤ 9 months

Past due > 9 and ≤ 12 months

Gross impaired

Past due ≤ 3 months

Past due > 12 months Impairment

Total

(In € million)

31 December 2019 Trade receivables

4,461

113

458

231

165

100

64

478

(396)

5,674

Contract assets

1,266

0

0

0

0

0

0

0

(8)

1,258

Others

2,499

7

531

174

26

31

56

588

(231)

3,681

Total

8,226

120

989

405

191

131

120

1,066

(635) 10,613

31 December 2018 Trade receivables

4,647

179

229

317

300

98

84

400

(175)

6,079

Contract assets

856

0

0

0

0

0

0

0

0 856

Others

2,410

2

191

81

43

37

62

503

(204)

3,125

Total (1)

7,913

181 420

398

343

135

146

903

(379) 10,060

(1) Customer financing loans and finance leases are valued at fair value through profit and loss. Hence, no impairment applies.

The management believes that the unimpaired amounts that are past due are still collectible in full, based on historic payment behaviour and analysis of customer credit risk, including underlying customers’ credit ratings if they are available. The following impairment losses on financial assets are recognised in profit or loss in 2019 and 2018, respectively:

2019

2018

(In € million)

Other loans

(33)

(32)

(167)

(40)

Trade receivables

(6)

0

Contract assets

Total

(206)

(72)

78

Airbus / Financial Statements 2019