37. 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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30/9/2020

 

(a)

(b)

(c) = (a) – (b)

(d)

(e) = (c) – (d)

 

Gross amounts of recognised financial assets/liabilities

Gross amounts of recognised financial assets/liabilities 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
Enlarge table (XLSX:) Download XLS

 

30/9/2021

 

(a)

(b)

(c) = (a) – (b)

(d)

(e) = (c) – (d)

 

Gross amounts of recognised financial assets/liabilities

Gross amounts of recognised financial assets/liabilities 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

360

128

232

16

0

216

Derivative financial instruments

23

0

23

3

0

20

 

383

128

255

19

0

235

Financial liabilities

 

 

 

 

 

 

Trade liabilities

3,604

128

3,476

16

0

3,460

Derivative financial instruments

8

0

8

3

0

5

 

3,612

128

3,484

19

0

3,464

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).