Airbus - Financial Statements 2022

4. Notes to the IFRS Company Financial Statements Capital Structure and Financial Instruments

16.

Cash, Securities and Financing Liabilities

16.1 Net Cash

31 December

2022

2021

(In € million)

Cash and cash equivalents

13,283

13,145

Current securities

1,692

1,245

Non ‑ current securities

5,662

6,477

Gross cash position

20,637

20,867

Short ‑ term financing liabilities Long ‑ term financing liabilities

0

(591)

(7,903)

(10,328)

(1)

Interest rate swap

(1,394)

97

Total

11,340

10,045

(1) The company has decided to refine the net cash definition to include interest rate contracts related to fair value hedges, which is reflected in the 2022 and 2021 balances.

The net cash position on 31 December 2022 amounted to €11,340 million (2021: €10,045 million), with a gross cash position of €20,636 million (2021: €20,867 million).

16.2 Cash and Cash Equivalents

Cash and cash equivalents are composed of the following elements:

31 December

2022

2021

(In € million)

Bank account and petty cash

1,147

537

Short ‑ term securities (at fair value through profit or loss) Short ‑ term securities (at fair value through OCI)

11,135

12,075

1,001

533

Total cash and cash equivalents

13,283

13,145

Only securities with a maturity of three months or less from the date of the acquisition, that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value are recognised in cash equivalents. The main variations are as follows: Cash provided by operating activities amounted to €-387 million in 2022. Cash used for investing activities amounted to €-3,056 million, mainly reflecting the net investment in securities €-291 million and the net investment in subsidiaries €-2,374 million (see “– Note 11:

Investments in Subsidiaries, Associates and Participations” of the Company Financial Statements). Cash used for financing activities amounted to €3,429 million and mainly reflects the increase in current accounts Airbus companies €6,076 million, the pre ‑ payment of a €1 billion bond, the repayment of the repo transaction with Airbus Bank €591 million and the dividend payment €1,181 million (see “– Note 16: Cash, Securities and Financing Liabilities” of the Company Financial Statements). See IFRS Company Statement of Cash Flows for the years ended 31 December 2022 and 2021.

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