AIRBUS - 2019 Financial Statements

2.7 Capital Structure and Financial Instruments Notes to the IFRS Consolidated Financial Statements / 2 As of 31 December 2019, the total hedge portfolio with maturities up to 2026 amounts to US$ 97.1 billion (2018: US$ 81.9 billion) and covers a major portion of the foreign exchange exposure expected over the period of the operative planning. The average US$/€ hedge rate of the US$/€ hedge portfolio until 2026 amounts to 1.23 US$/€ (2018: 1.24 US$/€) and for the US$/£ hedge portfolio until 2023 amounts to 1.37 US$/£ (2018: 1.40 US$/£). (In £ million) 2020 2021 2022 2023 2024+ Total Total hedges 36 135 182 164 79 596 Forward rates €/£ 1.03 0.90 0.89 0.90 0.91 0.91 During the course of the year 2019, €/£ hedges were implemented in order to cover the GBP exposure of the company. The notional amounts of interest rate contracts are as follows: (In € million) Remaining period 1 year 2 years 3 years 4 years 5 years 6 years 7 years >7 years Total 31 December 2019 Interest rate contracts 7 162 4 890 1,000 0 600 2,735 5,398 Interest rate future contracts 0 0 0 0 0 0 0 0 0 31 December 2018 Interest rate contracts 939 7 172 4 1,048 1,000 600 1,200 4,970 Interest rate future contracts 215 0 0 0 0 0 0 0 215 Please also refer to “– Note 36.3: Financing Liabilities”. The notional amounts of commodity contracts are as follows: (In € million) Remaining period 1 year 2 years 3 years 4 years >4 years Total 31 December 2019 25 36 20 12 3 96 31 December 2018 36 19 14 10 3 81 The notional amounts of equity swaps are as follows: (In € million) Remaining period 1 year 2 years 3 years 4 years >4 years Total 31 December 2019 37 32 23 9 0 101 31 December 2018 49 37 27 9 0 123 75 Airbus / Financial Statements 2019