AIRBUS - 2019 Financial Statements
2.6 Employees Costs and Benefits Notes to the IFRS Consolidated Financial Statements /
Customer Financing Exposure The on-balance sheet assets relating to sales financing, the off-balance sheet commitments and the related financing exposure (not including asset value guarantees) as of 31 December 2019 and 2018 are as follows:
31 December 2019
31 December 2018
Airbus Helicopters
Airbus Helicopters
Airbus
Total
Airbus
Total
(In € million)
Operating leases (1)
154
0
154
110
32
142
471
39
510
637
67
704
Finance leases and loans
8
0
8
22
0
22
Inventories
4
0
4
6
0
6
Other investments
637
39
676
775
99
874
On-balance sheet customer financing
95
9
104
28
10
38
Off-balance sheet customer financing
Gross Customer Financing Exposure
732
48
780
803
109
912
Collateral values
(530)
(30)
(560)
(562)
(35)
(597)
202
18
220
241
74
315
Net exposure
(65)
(7)
(72)
(74)
(23)
(97)
Operating leases
(126)
(11)
(137)
(144)
(51)
(195)
Finance leases and loans
(6)
0
(6)
(17)
0
(17)
On-balance sheet commitments – inventories
(5)
0
(5)
(6)
0
(6)
Off-balance sheet commitments – provisions (2)
Asset impairments, fair value adjustments and provisions
(202)
(18)
(220)
(241)
(74)
(315)
(1) For 2019 and 2018, depreciation amounts to €9 million and €10 million respectively and related accumulated depreciation is €44 million and €55 million respectively. (2) See “– Note 24: Provisions, Contingent Assets and Contingent Liabilities”.
2
2.6 Employees Costs and Benefits
28. Number of Employees
Airbus Defence and Space
Airbus Helicopters
Consolidated Airbus
Airbus
31 December 2019
80,985
20,024
33,922
134,931
31 December 2018
80,924
19,745
33,002
133,671
29. Personnel Expenses
2019
2018
(In € million)
Wages, salaries and social contributions
13,347
12,566
626
581
Net periodic pension cost (1)
Total
13,973
13,147
(1) See “– Note 31.1: Provisions for Retirement Plans”.
47
Airbus / Financial Statements 2019
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