Financial Statements 2023

4. Notes to the IFRS Company Financial Statements 4.3 Operational Assets and Liabilities

11.

Financial Assets and Financial Liabilities

Financial assets at 31 December 2023 and 2022:

31 December 2023

(In € million)

2022

(1)

Long ‑ term loans Airbus companies

4,497

2,040

Positive fair values of derivative financial instruments

2,280

4,233

Non ‑ current financial assets

6,777

6,273

Positive fair values of derivative financial instruments

2,029

3,596

Current portion long ‑ term loans Airbus companies

73

35

(1)

Current accounts Airbus companies

4,663

9,670

Current financial assets

6,765

13,301

Total

13,542

19,574

The receivables from subsidiaries include mainly transactions in connection with the cash pooling in the Company. Terms and conditions are in agreement with the prevailing market environment. (1)

Financial liabilities at 31 December 2023 and 2022:

31 December 2023

(In € million)

2022

Negative fair values of derivative financial instruments

3,243

5,653

Non ‑ current financial liabilities

3,243

5,653

Negative fair values of derivative financial instruments

2,049

3,602

(1)

Current accounts Airbus companies

28,938

35,355

Current financial liabilities

30,987

38,957

Total

34,230

44,610

The liabilities to subsidiaries include mainly transactions in connection with the cash pooling in Airbus SE. Terms and conditions are in agreement with the prevailing market environment. (1)

12.

Commitments and Contingencies

Off ‑ Balance Sheet Commitments Airbus SE issued guarantees on behalf of Airbus companies in the amount of €11,947 million (2022: €10,508 million). The commitments of these companies to third parties mainly relate to their operating business as described in “– Note 20: Property, Plant and Equipment”, “– Note 27: Sales Financing Transactions”, “– Note 37: Financial Instruments” and “– Note 36.3: Financing Liabilities” of the Consolidated Financial Statements. On 8 December 2015, Airbus SE entered into a partnership agreement to establish a corporate venture capital fund, dubbed Airbus Venture Fund II with a total commitment amount of US$150 million. The remaining commitment is US$6 million at 31 December 2023. On 1 April 2019, Airbus SE entered into a partnership agreement with effective date 1 July 2019 to establish a venture capital fund, dubbed Airbus Ventures Fund III, with a total commitment amount

of US$100 million. The remaining commitment is US$16 million at 31 December 2023. On 22 October 2022, Airbus SE entered into a partnership agreement to establish a venture capital fund, dubbed Airbus Venture Fund IV, with a total commitment amount of US$75 million. The remaining commitment is US$64 million at 31 December 2023. In addition, the Company has two guarantees to cover its obligation towards the Scheme and the BAE Systems pension schemes. To mitigate its exposure, the first guarantee covers an amount up to GBP 1.25 billion for an unlimited period of time while the second one covers an uncapped amount terminating in 2046, respectively for the Scheme and the BAE Systems Pension Schemes.

128

Airbus

Financial Statements 2023