2020 Financial Statements

4. Notes to the IFRS Company Financial Statements / 4 11. Financial Assets and Financial Liabilities Financial assets at 31 December 2020 and 2019 are as follows: (In € million) 31 December 2020 2019 Long-term loans Airbus companies 1,345 1,794 Long-term loans external 0 0 Positive fair values of derivative financial instruments 2,424 3,066 Non-current financial assets 3,769 4,860 Positive fair values of derivative financial instruments 1,136 1,777 Current portion long-term loans Airbus companies 122 44 Current accounts Airbus companies (1) 11,167 8,574 Current financial assets 12,425 10,395 Total 16,194 15,255 (1) The receivables from subsidiaries include mainly transactions in connection with the cash pooling in Airbus SE. Terms and conditions are in agreement with the prevailing market environment. Financial liabilities at 31 December 2020 and 2019 are as follows: (In € million) 31 December 2020 2019 Negative fair values of derivative financial instruments 2,023 2,898 Non-current financial liabilities 2,023 2,898 Negative fair values of derivative financial instruments 1,143 1,793 Current accounts Airbus companies (1) 25,527 32,510 Current financial liabilities 26,670 34,303 Total 28,693 37,201 (1) The liabilities to subsidiaries include mainly transactions in connection with the cash pooling in Airbus SE. Terms and conditions are in agreement with the prevailing market environment. Off-Balance Sheet Commitments Airbus SE issued guarantees on behalf of Airbus companies in the amount of € 8,181 million (2019: € 7,040 million). The commitments of these companies to third parties mainly relate to their operating business as described in “– Note 21: Property, Plant and Equipment”, “– Note 28: Sales Financing Transactions” and “– Note 38: Financial Instruments” of the Consolidated Financial Statements. On 8 December 2015, Airbus SE entered into a partnership agreement to establish a corporate venture capital fund, dubbed Airbus Group Ventures, as well as a technology and business innovation center in Silicon Valley with a total commitment amount of US$150 million. On 25 November 2015, a first investment of US$ 5 million has been made into this fund. During the year 2020, Airbus SE made further capital contributions into Airbus Ventures Fund II for a total amount of US$15 million (total capital contribution 31 December 2019: €28 million). On 1 April 2019, Airbus SE entered into a partnership agreement with effective date 1 July 2019 to establish a venture capital fund, dubbed Airbus Ventures Fund III, with a total commitment amount of US$100 million. On 28 August 2019, a first investment of US$5 million has been made into this fund. During the year 2020, Airbus SE made further capital contributions into Airbus Ventures Fund III for a total amount of US$6 million (total capital contribution 31 December 2019: €23 million). In addition, the Company has two guarantees to cover its obligation towards the Scheme and the BAE Systems pension schemes. To mitigate its exposure, the first guarantee covers an amount up to £400 million for an unlimited period of time while the second one covers an uncapped amount terminating in 2046, respectively for the Scheme and the BAE Systems Pension Schemes. 12. Commitments and Contingencies 101 Airbus / Financial Statements 2020