Financial Statements 2023
2. Notes to the IFRS Consolidated Financial Statements 2.7 Capital Structure and Financial Instruments
Financial assets at fair value through profit or loss — This category comprises all other financial assets ( e.g. derivative instruments) that are to be measured at fair value (including equity investments for which the Company did not elect to present changes in fair value in OCI).
The Company assigns its financial instruments into classes based on their balance sheet category.
The following table presents the carrying amounts and fair values of financial instruments by class and by IFRS 9 measurement category as of 31 December 2023:
Financial assets and liabilities at amortised cost
Fair value through profit or loss
Financial instruments total
Fair value through OCI
Book value
Fair value
Amortised cost
Fair value
(In € million)
Assets
Other investments and other long ‑ term financial assets
(1)
Equity investments
1,627
1,171
0
0
2,798
2,798
Customer financing
116
0
0
0
116
116
(2)
Other loans
0
0
2,601
2,601
2,601
2,601
Trade receivables
0
0
4,725
4,725
4,725
4,725
Contract assets
0
0
1,849
1,849
1,849
1,849
Other financial assets
Derivative instruments
1,227
0
0
0
1,227
1,227
Non ‑ derivative instruments
0
0
1,546
1,546
1,546
1,546
Securities
0
8,809
0
0
8,809
8,809
Cash and cash equivalents
12,409
1,010
3,050
3,050
16,469
16,469
Total
15,379
10,990
13,771
13,771
40,140
40,140
2
Liabilities
Financing liabilities
Bonds and commercial papers Liabilities to financial institutions and others
0
0
(9,067)
(9,470)
(9,067)
(9,470)
0
0
(2,907)
(2,907)
(2,907)
(2,907)
(2)
Finance lease liabilities
0
0
(1,617)
(1,617)
(1,617)
(1,617)
Other financial liabilities
Derivative instruments
(4,750)
0
0
0
(4,750)
(4,750)
European Governments’ refundable advances (3)
0
0
(3,856)
(3,856)
(3,856)
(3,856)
Others
0
(86)
(592)
(592)
(678)
(678)
Trade liabilities
0
0
(14,323)
(14,323)
(14,323)
(14,323)
Total
(4,750)
(86)
(32,362)
(32,765)
(37,198)
(37,601)
Other than those accounted for under the equity method. (1) The carrying amounts are used as reasonable fair value approximations. (2)
The European Governments’ refundable advances of €-3,856 million are measured at amortised cost. Fair values cannot be reliably measured because their risk sharing nature and the uncertainty of the repayment dates give rise to a broad range of reasonable fair value estimates and make it impossible to reasonably assess the probabilities of the various estimates within the range. This may change and reliable fair value measures become available as the related programmes approach the end of production. (3)
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Airbus
Financial Statements 2023
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