Airbus - Financial Statements 2022

4. Notes to the IFRS Company Financial Statements Operational Assets and Liabilities

12.

Financial Assets and Financial Liabilities

Financial assets at 31 December 2022 and 2021:

31 December

2022

2021

(In € million)

(1)

Long ‑ term loans Airbus companies

2,040

1,389

Long ‑ term loans external

0

0

Positive fair values of derivative financial instruments

4,233

2,931

Non ‑ current financial assets

6,273

4,320

Positive fair values of derivative financial instruments

3,596

1,981

Current portion long ‑ term loans Airbus companies

35

9

(1)

Current accounts Airbus companies

9,670

11,239

Current financial assets

13,301

13,229

Total

19,574

17,549

(1) The receivables from subsidiaries include mainly transactions in connection with the cash pooling in Airbus SE. Terms and conditions are in agreement with the prevailing market environment.

Financial liabilities at 31 December 2022 and 2021:

31 December

2022

2021

(In € million)

Negative fair values of derivative financial instruments

5,653

2,836

Non ‑ current financial liabilities

5,653

2,836

Negative fair values of derivative financial instruments

3,602

1,982

(1)

Current accounts Airbus companies

35,355

30,756

Current financial liabilities

38,957

32,738

Total

44,610

35,574

(1) The liabilities to subsidiaries include mainly transactions in connection with the cash pooling in Airbus SE. Terms and conditions are in agreement with the prevailing market environment

13.

Commitments and Contingencies

Off ‑ Balance Sheet Commitments Airbus SE issued guarantees on behalf of Airbus companies in the amount of €10,508 million (2021: €10,858 million). The commitments of these companies to third parties mainly relate to their operating business as described in “– Note 21: Property, Plant and Equipment”, “– Note 28: Sales Financing Transactions” and “– Note 38: Financial Instruments” of the Consolidated Financial Statements. On 8 December 2015, Airbus SE entered into a partnership agreement to establish a corporate venture capital fund, dubbed Airbus Ventures Fund II, as well as a technology and business innovation center in Silicon Valley with a total commitment amount of US$150 million. The remaining commitment is US$8 million at 31 December 2022. On 1 April 2019, Airbus SE entered into a partnership agreement with effective date 1 July 2019 to establish a

venture capital fund, dubbed Airbus Ventures Fund III, with a total commitment amount of US$100 million. The remaining commitment is US$21 million at 31 December 2022. On 22 October 2022, Airbus SE entered into a partnership agreement to establish a venture capital fund, dubbed Airbus Ventures Fund IV, with a total commitment amount of US$75 million. In addition, the Company has two guarantees to cover its obligation towards the Scheme and the BAE Systems pension schemes. To mitigate its exposure, the first guarantee covers an amount up to GBP 1.25 billion for an unlimited period of time while the second one covers an uncapped amount terminating in 2046, respectively for the Scheme and the BAE Systems Pension Schemes.

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