Airbus - Financial Statements 2022

2. Notes to the IFRS Consolidated Financial Statements Capital Structure and Financial Instruments

31 December

2022

2021

(In € million)

Bonds and commercial papers

8,681

11,061

Liabilities to financial institutions

383

467

Loans

75

75

Lease liabilities

1,492

1,491

Total long term financing liabilities

10,631

13,094

Bonds and commercial papers

0

0

Liabilities to financial institutions

27

26

Loans

83

96

Lease liabilities

242

245

(1)

Others

1,790

1,579

Total short term financing liabilities

2,142

1,946

Total

12,773

15,040

(1) Included in “others” are financing liabilities to joint ventures.

Long ‑ term financing liabilities , mainly comprising of bonds and lease liabilities, decreased by €-2,463 million to €10,631 million (2021: €13,094 million), mainly due to the decrease in the value of bonds linked to higher interest rates and a €1 billion bond buyback performed in June 2022. Short ‑ term financing liabilities increased by €+196 million to €2,142 million (2021: €1,946 million). The Company has several euro ‑ denominated bonds issued under its EMTN programme and two stand ‑ alone US dollar ‑ denominated bonds issued on the US institutional

market under Rule 144A, outstanding as of 31 December 2022. The Company can issue commercial papers under its €11 billion Negotiable European Commercial Paper (“NEuCP”) programme, its €4 billion Euro Commercial Paper (“ECP”) programme and its $3 billion US Commercial Paper programme. As of 31 December 2022, there were no outstanding amounts under any of its commercial paper programmes.

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