Financial Statements 2023

4. Notes to the IFRS Company Financial Statements 4.5 Capital Structure and Financial Instruments

15.

Cash, Securities and Financing Liabilities

15.1 Net Cash

31 December

2023

(In € million)

2022

Cash and cash equivalents

14,618

13,283

Current securities

1,162

1,692

Non ‑ current securities

6,986

5,662

Gross cash position

22,766

20,637

(1)

Short ‑ term financing liabilities

(818)

0

(1)

Long ‑ term financing liabilities

(7,719)

(7,903)

Interest rate swap

(961)

(1,394)

Total

13,268

11,340

Including €8 million of lease liabilities. (1)

The net cash position on 31 December 2023 amounted to €13,268 million (2022: €11,340 million), with a gross cash position of €22,766 million (2022: €20,637 million).

15.2 Cash and Cash Equivalents

Cash and cash equivalents are composed of the following elements:

31 December

2023

(In € million)

2022

Bank account and petty cash

1,198

1,147

Short ‑ term securities (at fair value through profit or loss)

12,410

11,135

Short ‑ term securities (at fair value through OCI)

1,010

1,001

Total cash and cash equivalents

14,618

13,283

Only securities with a maturity of three months or less from the date of the acquisition, that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value are recognised in cash equivalents. The main variations are as follows: Cash provided by operating activities amounted to €-718 million in 2023.

Cash used for investing activities amounted to €4,813 million, mainly reflecting dividends received of €7,474 million. Cash used for financing activities amounted to €-2,587 million and mainly reflects the decrease in current accounts Airbus companies €-1,206 million and the dividend payment €-1,421 million (see IFRS Company Statement of Cash Flows for the years ended 31 December 2023 and 2022).

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Airbus

Financial Statements 2023