Airbus - Financial Statements 2022

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

17.2 Carrying Amounts and Fair Values of Financial Instruments

Financial instruments — The Company’s financial assets mainly consist of cash, short to medium ‑ term deposits and securities. The Company’s financial liabilities include intragroup liabilities, obligations towards financial institutions and issued bonds. The Company has the same classification and accounting policies as in the Consolidated Financial Statements. Please refer to “– Note 38.1: Financial Risk Management” of the Consolidated Financial Statements for more information.

The Company classifies its financial assets in one of the following categories: (i) at fair value through OCI, (ii) at fair value through profit and loss and (iii) at amortised cost. Classification depends on the Company’s business model for managing the financial assets and the contractual terms of the cash flows. The Company assigns its financial instruments (excluding its at ‑ cost investments, which are outside the scope of IFRS 9 “Financial Instruments”) into classes based on their category in the Statement of Financial Position.

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 2022:

Financial instrument 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 long ‒ term financial assets

Equity investments

1,446

0

0

0

1,446

1,446

Loans

0

0

2,075

2,194

2,075

2,194

Trade receivables

0

0

28

28

28

28

Other financial assets

Derivative instruments

7,829

0

0

0

7,829

7,829

Current account Group companies

0

0

9,670

9,670

9,670

9,670

Securities

0

7,354

0

0

7,354

7,354

Cash and cash equivalents

11,135

1,001

1,146

1,146

13,282

13,282

Total

20,410

8,355

12,919

13,038

41,684

41,803

Liabilities

Financing liabilities

Bonds and commercial papers

0

0

7,903

8,356

7,903

8,356

Internal loans payable

0

0

0

0

0

0

Other financial liabilities

Derivative instruments

9,255

0

0

0

9,255

9,255

Current accounts Group companies

0

0

35,355

35,355

35,355

35,355

Trade liabilities

0

0

18

18

18

18

Total

9,255

0

43,276

43,729

52,531

52,984

120