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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30/9/2019

 

(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

Collateral received/provided

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
Enlarge table (XLSX:) Download XLS

 

30/9/2020

 

(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

Collateral received/provided

Net amount

Financial assets

 

 

 

 

 

 

Receivables due from suppliers

330

87

243

17

0

226

Derivative financial instruments

9

0

9

2

0

6

 

339

87

252

20

0

232

Financial liabilities

 

 

 

 

 

 

Trade liabilities

3,286

87

3,199

17

0

3,182

Derivative financial instruments

19

0

19

2

0

17

 

3,305

87

3,218

20

0

3,199

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).