Airbus 2015 Annual Report Download - page 252

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 70 l
Notes to the IFRSConsolidatedFinancialStatements
2.7 Capital Structure and Financial Instruments
The following tables present the carrying amounts and fair values of financial instruments by class and by IAS39 measurement
category as of 31December 2015 and 2014:
31December 2015 Fair value through
profit or loss
Fair value
for hedge
relations Available- for-sale
Loans and receivables
and financial liabilities
at amortised cost Other(3)
Financial
instruments
total
(In € million)
Held for
trading Designated Fair value Fair value Amortised cost Fair value Book value
Fair
value
Assets         
Other investments and other
long-term financial assets       
 Equity investments(1)(2) 0 0 0 1,232 0 0 0 1,232 1,232
 Customer financings(3) 0 0 0 0 553 553 168 721 721
 Other loans 0 0 0 0 717 717 0717 717
Trade receivables 0 0 0 0 7, 87 7 7,877 07,877 7,877
Other financial assets     0  
 Derivative instruments(6) 317 0963 0 0 0 0 1,280 1,280
 Non-derivative instruments 0 0 0 0 1,218 1,218 01,218 1,218
Securities 0 3 0 11,636 0 0 0 11,639 11,639
Cash and cash equivalents 03,220 02,851 1,418 1,418 07,4 8 9 7,48 9
Total 317 3,223 963 15,719 11,78 3 11,783 168 32,173 32 ,173
Liabilities       
Financing liabilities       
 Issued bonds and
commercial papers 0 0 0 0 (4,966) (5,091) 0(4,966) (5,091)
 Liabilities to banks and other
financing liabilities 0 0 0 0 (3,771) (3,822) 0(3,771) (3,822)
 Finance lease liabilities(4) 0 0 0 0 0 0 (388) (388) (388)
Other financial liabilities       
 Derivative nstruments(7)
i (427) 0(10,160) 0 0 0 0 (10,587) (10,587)
 European Governments
refundable advances(5) 0 0 0 0 (7,286) (7, 286) 0( 7,28 6) (7,28 6)
 Other (74) 000(1,112) (1,112) 0(1,186) (1,186)
Trade liabilities 0 0 0 0 (11,763) (11,76 3) 0(11,763) (11,763)
Total (501) 0(10,160) 0(28,898) (29,074) (388) (39,947) (40,123)
(1) Other than those accounted for under the equity method.
(2) For certain unlisted equity investments price quotes are not available and fair values may not be reliably measurable using valuation techniques because the range of
reasonable fair value estimates is significant and the probabilities of the various estimates within the range cannot be reasonably assessed. These equity investments are
accounted for at cost, and their fair values as reported in the table above equal their carrying amounts. As of 31December 2015, the aggregate carrying amount of these
investments was € 404million.
(3) This includes finance lease receivables, which are not assigned to an IAS39 measurement category, but reported as “other”.
(4) Finance lease liabilities are accounted for in accordance with IAS17 in a manner that is similar, though not identical in all respects, to amortised-cost accounting under IAS39.
They are therefore assigned to the category “other”.
(5) The European Governments refundable advances of € 7,286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.
(6) This includes credit value adjustments of € -47million, of which € -28million is recognised in OCI.
(7) This includes debit value adjustments of € 117million, of which € 95million is recognised in OCI.
Financial Statements 2015
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QRegistration Document 2015
Annual Report 2015 Financial Statements 2015