Financial Statements 2021
2. Notes to the IFRS Consolidated Financial Statements / 2.5 Operational Assets and Liabilities
On-Balance Sheet Operating and Finance Leases The future minimum operating lease payments (undiscounted) due from customers to be included in revenue, and the future minimum lease payments (undiscounted) from investments in finance leases to be received in settlement of the outstanding receivable at 31 December 2021 and 31 December 2020 are as follows:
Aircraft under operating lease
Finance lease receivables
(In € million)
Not later than one year
3
5
Later than one year and not later than five years
43
36
Later than five years
80
24
31 December 2021
126
65
Aircraft under operating lease
Finance lease receivables
(In € million)
Not later than one year
6
1
Later than one year and not later than five years
19
12
Later than five years
0
0
31 December 2020
25
13
Customer Financing Cash Flows Direct customer financing cash flows amount to €28 million in 2021 (2020: €124 million).
Customer Financing Exposure The on-balance sheet assets relating to sales financing, the off-balance sheet commitments and the related financing exposure (not including asset value guarantees) as of 31 December 2021 and 2020 are as follows:
31 December 2021
31 December 2020
Airbus Helicopters
Airbus Helicopters
Airbus
Total
Airbus
Total
(In € million)
2
Operating leases (1)
105
13
118
30
13
43
145
19
164
365
31
396
Finance leases and loans
Inventories
11
0
11
10
0
10
62
0
62
10
0
10
Other investments
323
32
355
415
44
459
On-balance sheet customer financing
41
26
67
12
2
14
Off-balance sheet customer financing
Gross Customer Financing Exposure
364
58
422
427
46
473
Collateral values
(282)
(58)
(340)
(241)
(38)
(279)
82
0
82
186
8
194
Net exposure
Operating leases
(7)
0
(7)
(22)
0
(22)
(53)
0
(53)
(151)
(8)
(159)
Finance leases and loans
(6)
0
(6)
(6)
0
(6)
On-balance sheet commitments - inventories
(16)
0
(16)
(7)
0
(7)
Off-balance sheet commitments - provisions (2)
Asset impairments, fair value adjustments and provisions
(82)
0
(82)
(186)
(8)
(194)
(1) For 2021 and 2020, depreciation amounts to €1 million and €8 million respectively and related accumulated depreciation is €8 million and €21 million respectively. (2) See “– Note 24: Provisions, Contingent Assets and Contingent Liabilities”.
45
Airbus / Financial Statements 2021
Made with FlippingBook - Online catalogs