Airbus - Financial Statements 2022
2. Notes to the IFRS Consolidated Financial Statements Capital Structure and Financial Instruments
Financial assets at fair value through profit or loss — This category comprises all other financial assets ( e.g. derivative instruments) that are to be measured at fair value (including equity investments for which the Company did not elect to present changes in fair value in OCI).
The Company assigns its financial instruments into classes based on their balance sheet category.
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 assets and liabilities at amortised cost
Financial instruments total
Fair value through profit or loss
Fair value through OCI
Amortised cost
Fair value
Book value
Fair value
(In € million)
Assets
Other investments and other long ‑ term financial assets
(1)
2,640
Equity investments
1,474
1,166
0
0
2,640
86
Customer financing
86
0
0
0
86
(2)
2,129
Other loans
0
0
2,129
2,129
2,129
4,953
Trade receivables
0
0
4,953
4,953
4,953
1,527
Contract assets
0
0
1,527
1,527
1,527
Other financial assets
1,894
Derivative instruments
1,894
0
0
0
1,894
1,429
Non ‑ derivative instruments
0
0
1,429
1,429
1,429
7,775
Securities
0
7,775
0
0
7,775
15,823
Cash and cash equivalents
11,135
1,001
3,687
3,687
15,823
Total
14,589
9,942
13,725
13,725
38,256
38,256
Liabilities
Financing liabilities
(8,681)
Bonds and commercial papers
0
0
(8,681)
(9,071)
(9,071)
Liabilities to financial institutions and others
(2,358)
0
0
(2,358)
(2,358)
(2,358)
(2)
(1,734)
Finance lease liabilities
0
0
(1,734)
(1,734)
(1,734)
Other financial liabilities
(9,613)
Derivative instruments
(9,613)
0
0
0
(9,613)
European Governments’ refundable advances (3)
(3,857)
0
0
(3,857)
(3,857)
(3,857)
(719)
Others
0
(83)
(636)
(636)
(719)
(13,261)
Trade liabilities
0
0
(13,261)
(13,261)
(13,261)
Total
(9,613)
(83)
(30,527)
(30,917)
(40,223)
(40,613)
(1) Other than those accounted for under the equity method. (2) The carrying amounts are used as reasonable fair value approximations.
(3) The European Governments’ refundable advances of €-3,857 million are measured at amortised cost. Fair values cannot be reliably measured because their risk sharing nature and the uncertainty of the repayment dates give rise to a broad range of reasonable fair value estimates and make it impossible to reasonably assess the probabilities of the various estimates within the range. This may change and reliable fair value measures become available as the related programmes approach the end of production.
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