Financial Statements 2023

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

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 2022:

Financial assets and liabilities at amortised cost

Fair value through profit or loss

Financial instruments total

Fair value through OCI

Amortised cost

Fair value

Book value

Fair value

(In € million)

Assets

Other investments and other long ‑ term financial assets

(1)

Equity investments

1,474

1,166

0

0

2,640

2,640

Customer financing

86

0

0

0

86

86

(2)

Other loans

0

0

2,129

2,129

2,129

2,129

Trade receivables

0

0

4,953

4,953

4,953

4,953

Contract assets

0

0

1,527

1,527

1,527

1,527

Other financial assets

Derivative instruments

1,894

0

0

0

1,894

1,894

Non ‑ derivative instruments

0

0

1,429

1,429

1,429

1,429

Securities

0

7,775

0

0

7,775

7,775

Cash and cash equivalents

11,135

1,001

3,687

3,687

15,823

15,823

Total

14,589

9,942

13,725

13,725

38,256

38,256

Liabilities

Financing liabilities

Bonds and commercial papers Liabilities to financial institutions and others

0

0

(8,681)

(9,071)

(8,681)

(9,071)

0

0

(2,358)

(2,358)

(2,358)

(2,358)

(2)

Finance lease liabilities

0

0

(1,734)

(1,734)

(1,734)

(1,734)

Other financial liabilities

Derivative instruments

(9,613)

0

0

0

(9,613)

(9,613)

European Governments’ refundable advances (3)

0

0

(3,857)

(3,857)

(3,857)

(3,857)

Others

0

(83)

(636)

(636)

(719)

(719)

Trade liabilities

0

0

(13,261)

(13,261)

(13,261)

(13,261)

Total

(9,613)

(83)

(30,527)

(30,917)

(40,223)

(40,613)

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 €-3,857 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)

80

Airbus

Financial Statements 2023