Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Operational Assets and Liabilities

26.

Other Financial Assets and Other Financial Liabilities

Other Financial Assets

31 December

2022

2021

(In € million)

(1)

Positive fair values of derivative financial instruments

753

664

Others

28

27

Total non ‑ current other financial assets

781

691

Receivables from related companies

1,104

803

(1)

Positive fair values of derivative financial instruments

1,141

341

Others

297

307

Total current other financial assets

2,542

1,451

Total

3,323

2,142

(1) See “– Note 38: Financial Instruments”.

Other Financial Liabilities

31 December

2022

2021

(In € million)

(1)

Liabilities for derivative financial instruments

6,163

2,640

(2)

European Governments’ refundable advances

3,717

3,730

Others

237

192

Total non ‑ current other financial liabilities

10,117

6,562

(1)

Liabilities for derivative financial instruments

3,450

1,923

(2)

European Governments’ refundable advances

140

131

Liabilities to related companies

186

180

Others

297

298

Total current other financial liabilities

4,073

2,532

Total

14,190

9,094

thereof other financial liabilities due within 1 year

4,073

2,532

(1) See “– Note 38: Financial Instruments”. (2) Refundable advances from European Governments are provided to the Company to finance research and development activities for certain projects on a risk ‑ sharing basis, i.e. they are repaid to the European Governments subject to the success of the project.

The total net fair value of derivative financial instruments decreased by €-4,161 million to €-7,719 million (2021: €-3,558 million) as a result of the strengthened US dollar versus the euro associated with the mark to market valuation of the hedge portfolio. In 2022, the European Governments’ refundable advances

decreased by €-4 million to €3,857 million (2021: €3,861 million). The allocation of European Governments’ refundable advances between non ‑ current and current presented in the Consolidated Financial Statements ended 31 December 2022 is based on the applicable contractual repayment dates.

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