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)

79

Airbus

Financial Statements 2023

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