AIRBUS - 2019 Financial Statements

2.7 Capital Structure and Financial Instruments Notes to the IFRS Consolidated Financial Statements / 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 2019: (In € million) Fair value through profit or loss Fair value through OCI Financial assets and liabilities at amortised cost Financial instruments total Amortised cost Fair value Book value Fair value Assets Other investments and other long-term financial assets Equity investments (1) 1,125 1,390 0 0 2,516 2,516 Customer financing 350 0 0 0 350 350 Other loans 0 0 2,036 2,036 2,036 2,036 Trade receivables 0 0 5,674 5,674 5,674 5,674 Contract assets 0 0 1,258 1,258 1,258 1,258 Other financial assets Derivative instruments 1,440 0 0 0 1,440 1,440 Non-derivative instruments 0 0 1,653 1,653 1,653 1,653 Securities 0 13,368 0 0 13,368 13,368 Cash and cash equivalents 7,014 652 1,648 1,648 9,314 9,314 Total 9,929 15,410 12,269 12,269 37,609 37,609 Liabilities Financing liabilities Bonds and commercial papers 0 0 (6,491) (6,696) (6,491) (6,696) Liabilities to financial institutions and others 0 0 (2,096) (2,098) (2,096) (2,098) Finance lease liabilities 0 0 (1,560) (1,560) (1,560) (1,560) Other financial liabilities Derivative instruments (3,994) 0 0 0 (3,994) (3,994) European Governments’ refundable advances (2) 0 0 (4,277) (4,277) (4,277) (4,277) Others 0 (1,014) (859) (859) (1,873) (1,873) Trade liabilities 0 0 (14,808) (14,808) (14,808) (14,808) Total (3,994) (1,014) (30,091) (30,298) (35,099) (35,306) (1) Other than those accounted for under the equity method. (2) The European Governments’ refundable advances of €-4,277 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. 70 Airbus / Financial Statements 2019