2020 Financial Statements

4. Notes to the IFRS Company Financial Statements / 4 Financial Assets Designated at Fair Value through Profit or Loss The following types of financial assets held at 31 December 2020 and 2019, respectively, are designated at fair value through profit or loss: (In € million) Nominal amount at initial recognition at 31 December 2020 31 December 2019 Designated at fair value through profit or loss at recognition Money market funds (accumulating) 9,654 7,014 Total 9,654 7,014 The Company manages these assets and measures their performance on a fair value basis. 16.3 Potential Effect of Set-Off Rights on Recognised Financial Assets and Liabilities The Company reports all its financial assets and financial liabilities on a gross basis. With each derivative counterparty there are master netting agreements in place providing for the immediate close-out of all outstanding derivative transactions and payment of the net termination amount in the event a party to the agreement defaults or another defined termination event occurs. The following tables set out, on a counterparty specific basis, the potential effect of master netting agreements on the Company’s financial position, separately for financial assets and financial liabilities that were subject to such agreements as of 31 December 2020 and 2019, respectively: Derivative instruments Gross amounts recognised Gross amounts recognised set off in the Financial Statements Net amounts presented in the Financial Statements Related amounts not set off in the Statement of Financial Position Net amount (In € million) Financial instruments Cash collateral received 31 December 2020 Financial assets 3,895 0 3,895 (1,520) (77) (2,298) Financial liabilities 2,305 0 2,305 (1,520) 0 785 31 December 2019 Financial assets 4,538 0 4,538 (1,480) 0 3,058 Financial liabilities 4,295 0 4,295 (1,480) 0 2,815 16.4 Notional Amounts of Derivative Financial Instruments The notional amount of interest rate contracts are as follows, specified by year of expected maturity: (In € million) Remaining period Total 1 year 2 years 3 years 4 years 5 years 6 years 7 years > 7 years 31 December 2020 Interest rate contracts 0 0 815 1,000 0 600 1,222 1,400 5,037 Interest rate future contracts 0 0 0 0 0 0 0 0 0 31 December 2019 Interest rate contracts 0 0 0 890 1,000 0 600 2,735 5,225 Interest rate future contracts 0 0 0 0 0 0 0 0 0 The notional amounts of equity swaps are as follows: (In € million) Remaining period Total 1 year 2 years 3 years 4 years > 4 years 31 December 2020 32 23 17 8 0 80 31 December 2019 37 32 23 9 0 101 111 Airbus / Financial Statements 2020