Airbus 2015 Annual Report Download - page 258

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 76 l
Notes to the IFRSConsolidatedFinancialStatements
2.7 Capital Structure and Financial Instruments
35.5 Derivative Financial Instruments and Hedge Accounting Disclosure
The development of the foreign exchange rate hedging instruments recognised in AOCI as of 31December 2015 and 2014 is as
follows:
Equity attributable
to equity owners Non-controlling
(In € million) of the parent interests Total
1January 2014 1,101 (2) 1,099
Unrealised gains and losses from valuations, net of tax (4,658) (19) (4,677)
Transferred to profit or loss for the period, net of tax 247 (1) 246
Changes in fair values of hedging instruments recorded in
AOCI, net of tax (4,411) (20) (4,431)
31December 2014/ 1January 2015 (3,310) (22) (3,332)
Unrealised gains and losses from valuations, net of tax (2,842) (54) (2,896)
Transferred to profit or loss for the period, net of tax (712) 27 (685)
Changes in fair values of hedging instruments recorded
in AOCI, net of tax (3,554) (27) (3,581)
31December 2015 (6,864) (49) (6,913)
In the year2015, an amount of € 3,833million (in 2014: € -358million) was reclassified from equity mainly to revenues resulting
from matured cash flow hedges. No material ineffectiveness arising from hedging relationship has been determined.
In addition, a gain of € 20million was recognised in the profit of the period in 2015 (€ 35million in 2014) on derivatives that were
designated as hedging instruments in a fair value hedge, and a loss of € -18million (in 2014: € -34million) attributable to the hedged
risk was recognised in the profit of the period on the corresponding hedged items. Corresponding with its carrying amounts, the
fair values of each type of derivative financial instruments as of 31December 2015 and 2014, respectively,are as follows:
31December
(In € million) Assets Liabilities Assets Liabilities
Foreign currency contracts – cash flow hedges 832 (10,017) 327 (4,847)
Foreign currency contracts – not designated in a hedge relationship 182 (82) 154 (103)
Interest rate contracts – cash flow hedges 0(40) 0(15)
Interest rate contracts – fair value hedges 101 (8) 117 (26)
Interest rate contracts – not designated in a hedge relationship 80 (87) 105 (141)
Commodity contracts – cash flow hedges 0(57) 0(40)
Commodity contracts – not designated in a hedge relationship 46 (73) 2(64)
Equity swaps – cash flow hedges 30 (7) 0(94)
Embedded foreign currency derivatives – cash flow hedges 0(31) 0(111)
Embedded foreign currency derivatives – not designated
in a hedge relationship 9(185) 5(62)
Total 1,280 (10,587) 710 (5,503)
2015 2014
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015