38. Offsetting financial assets and financial liabilities

Financial assets and financial liabilities that are subject to offsetting agreements, enforceable master netting arrangements and similar agreements, were as follows:

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30/9/2018

 

(a)

(b)

(c) = (a) − (b)

(d)

(e) = (c) − (d)

 

Gross amounts of recognised financial assets/liabilities

Gross amounts of recognised financial liabilities/assets that are netted in the balance sheet

Net amounts of financial assets/liabilities that are shown in the balance sheet

Corresponding amounts that are not netted in the balance sheet

 

€ million

 

 

 

Financial instruments

Received/provided collateral

Net amount

Financial assets

 

 

 

 

 

 

Receivables due from suppliers

521

193

328

46

0

282

Derivative financial instruments

11

0

11

1

0

10

 

532

193

339

46

0

293

Financial liabilities

 

 

 

 

 

 

Trade liabilities

4,186

193

3,993

46

0

3,948

Derivative financial instruments

5

0

5

1

0

4

 

4,191

193

3,998

46

0

3,952
Enlarge table (XLS:) Download XLS

 

30/9/2019

 

(a)

(b)

(c) = (a) − (b)

(d)

(e) = (c) − (d)

 

Gross amounts of recognised financial assets/liabilities

Gross amounts of recognised financial liabilities/assets that are netted in the balance sheet

Net amounts of financial assets/liabilities that are shown in the balance sheet

Corresponding amounts that are not netted in the balance sheet

 

€ million

 

 

 

Financial instruments

Received/provided collateral

Net amount

Financial assets

 

 

 

 

 

 

Receivables due from suppliers

462

146

316

36

0

280

Derivative financial instruments

14

0

14

1

0

13

 

477

146

330

37

0

294

Financial liabilities

 

 

 

 

 

 

Trade liabilities

3,719

146

3,572

36

0

3,536

Derivative financial instruments

12

0

12

1

0

11

 

3,730

146

3,584

37

0

3,547

The amounts that are not netted in the balance sheet include both financial instruments and collateral. The financial instruments that have not been netted could be netted based on the underlying framework agreements, but do not fulfil the netting criteria of IAS 32 (Financial Instruments: Presentation).