AIRBUS - 2019 Financial Statements

2.7 Capital Structure and Financial Instruments Notes to the IFRS Consolidated Financial Statements / The following table breaks down the gross carrying amount of loans and receivables as of 31 December 2019 and 2018, separately showing those that are impaired, renegotiated or past due: (In € million) Not past due Renego- tiated/ not past due/not impaired Gross impaired Past due ≤ 3 months Past due > 3 and ≤ 6 months Past due > 6 and ≤ 9 months Past due > 9 and ≤ 12 months Past due > 12 months Impairment Total 31 December 2019 Trade receivables 4,461 113 458 231 165 100 64 478 (396) 5,674 Contract assets 1,266 0 0 0 0 0 0 0 (8) 1,258 Others 2,499 7 531 174 26 31 56 588 (231) 3,681 Total 8,226 120 989 405 191 131 120 1,066 (635) 10,613 31 December 2018 Trade receivables 4,647 179 229 317 300 98 84 400 (175) 6,079 Contract assets 856 0 0 0 0 0 0 0 0 856 Others 2,410 2 191 81 43 37 62 503 (204) 3,125 Total (1) 7,913 181 420 398 343 135 146 903 (379) 10,060 (1) Customer financing loans and finance leases are valued at fair value through profit and loss. Hence, no impairment applies. The management believes that the unimpaired amounts that are past due are still collectible in full, based on historic payment behaviour and analysis of customer credit risk, including underlying customers’ credit ratings if they are available. The following impairment losses on financial assets are recognised in profit or loss in 2019 and 2018, respectively: (In € million) 2019 2018 Other loans (33) (32) Trade receivables (167) (40) Contract assets (6) 0 Total (206) (72) 78 Airbus / Financial Statements 2019