Financial Statements 2023

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

Cash used for investing activities amounts to €-4.1 billion, mainly reflecting capital expenditures and investments in securities.

Cash used for financing activities amounts to €-1.3 billion and include mainly the cash distribution to Airbus SE shareholders of €-1.4 billion.

36.2 Securities

The majority of the Company’s securities consists of debt securities and are classified at fair value through OCI (see “– Note 37.2: Carrying Amounts and Fair Values of Financial Instruments”). The Company’s securities portfolio amounts to €8,809 million and €7,775 million as of 31 December 2023 and 2022, respectively. The security portfolio contains a non ‑ current portion of €7,508 million (2022: €6,013 million), and a current portion of €1,301 million (2022: €1,762 million). Included in the securities portfolio as of 31 December 2023 Financing liabilities include debt obligations towards financial institutions, issued corporate bonds, deposits made by customers of Airbus Bank, borrowings received from joint ventures and other parties as well as finance lease liabilities. Financing liabilities are recorded initially at the fair value of the proceeds received, net of transaction costs incurred. Subsequently, financing liabilities are measured at amortised cost, using the effective interest rate method with any difference between proceeds (net of transaction costs) and redemption amount being recognised in total finance income (cost) over the period of the financing liability. 36.3 Financing Liabilities

and 2022, respectively, are corporate and government bonds bearing either fixed rate coupons (€9,156 million nominal value; 2022: €8,368 million) or floating rate coupons (€0 million nominal value; 2022: €32 million). When the Company enters into securities lending or other financing activities that involve the pledging of securities as collateral, the securities pledged continue to be recognised on the balance sheet. As of 31 December 2023 and 2022, they were no securities pledged as collateral for borrowings from banks. Financing liabilities to financial institutions may include liabilities from securities lending transactions. In securities lending transactions, the Company receives cash from its counterparty and transfers the securities subject to the lending transaction as collateral. The counterparty typically has the right to sell or repledge the securities pledged. The amount of cash received is recognised as a financing liability. The securities pledged are not derecognised, but remain on the Company’s Statement of Financial Position.

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Airbus

Financial Statements 2023