Financial Statements 2021

2. Notes to the IFRS Consolidated Financial Statements / 2.7 Capital Structure and Financial Instruments

As of 31 December 2021, the total hedge portfolio with maturities up to 2028 amounts to US$ 88.3 billion (2020: US$ 81.0 billion) and covers a major portion of the foreign exchange exposure expected over the hedging horizon. The average US$/€ hedge rate of the US$/€ hedge portfolio until 2028 amounts to 1.25 US$/€ (2020: 1.26 US$/€).

2022

2023

2024

2025

2026+

Total

(In £ million)

Total hedges

891

770

674

407

273

3,015

Forward rates €/£

0.87

0.88

0.89

0.90

0.91

0.88

During the course of the year 2021, €/£ hedges were implemented in order to cover the GBP exposure of the Company. The notional amounts of interest rate contracts are as follows:

Remaining period 1 year 2 years 3 years 4 years 5 years 6 years 7 years > 7 years

Total

(In € million)

31 December 2021 Interest rate contracts

12

0 1,000

750 1,850 1,324

750 4,650

10,336

Interest rate future contracts

0

0

0

0

0

0

0

0

0

31 December 2020 Interest rate contracts

109

0

815 1,000

0

600 1,222 1,400

5,146

Interest rate future contracts

0

0

0

0

0

0

0

0

0

Please also refer to “– Note 36.3: Financing Liabilities”. The notional amounts of commodity contracts are as follows:

Remaining period

1 year

2 years

3 years

4 years

> 4 years

Total

(In € million)

20

21

3

0

0

31 December 2021

44

25

22

11

3

0

31 December 2020

61

The notional amounts of equity swaps are as follows:

2

Remaining period

1 year

2 years

3 years

4 years

> 4 years

Total

(In € million)

18

17

18

10

0

31 December 2021

63

32

23

17

8

0

31 December 2020

80

73

Airbus / Financial Statements 2021