2020 Financial Statements

2. Notes to the IFRS Consolidated Financial Statements / 2.7 Capital Structure and Financial Instruments 2 As of 31 December 2020, the total hedge portfolio with maturities up to 2027 amounts to US$81.0 billion (2019: US$97.1 billion) and covers a major portion of the foreign exchange exposure expected over the hedging horizon. The average US$/€ hedge rate of the US$/€ hedge portfolio until 2027 amounts to 1.26 US$/€ (2019: 1.23 US$/€) and for the US$/£ hedge portfolio until 2024 amounts to 1.37 US$/£ (2019: 1.37 US$/£). (In £ million) 2021 2022 2023 2024 2025+ Total Total hedges 285 327 298 155 58 1,123 Forward rates €/£ 0.89 0.89 0.89 0.91 0.92 0.89 During the course of the year 2020, €/£ 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 2020 Interest rate contracts 109 0 815 1,000 0 600 1,222 1,400 5,146 Interest rate future contracts 0 0 0 0 0 0 0 0 0 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 Please also refer to “– Note 37.3: 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 2020 25 22 11 3 0 61 31 December 2019 25 36 20 12 3 96 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 2020 32 23 17 8 0 80 31 December 2019 37 32 23 9 0 101 75 Airbus / Financial Statements 2020