Airbus - Financial Statements 2022

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

16.3 Securities

31 December

2022

2021

(In € million)

Current securities (at fair value through OCI)

1,692

1,245

Non ‑ current securities (at fair value through OCI)

5,662

6,477

Total securities

7,354

7,721

The majority of the Company’s securities consists of debt securities and are classified at fair value through OCI (see “– Note 38.2: Carrying Amounts and Fair Values of Financial Instruments” of the Consolidated Financial Statements). The Company’s securities portfolio amounts to €7,354 million and €7,721 million as of 31 December 2022 and 2021, respectively. The security portfolio contains a non ‑ current portion of €5,662 million (2021: €6,477 million), and a current portion of €1,692 million (2021: €1,245 million).

Included in the securities portfolio as of 31 December 2022 and 2021, respectively, are corporate and government bonds bearing either fixed rate coupons (€7,953 million nominal value; 2021: €7,497 million) or floating rate coupons (€0 million nominal value; 2021: €50 million). When the Company enters into securities lending or other financing activities that involve the pledging of securities as collateral, the securities pledged continue to be recognised on the balance sheet. As of 31 December 2022 and 2021, there were no securities pledged as collateral for borrowings from banks.

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