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
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