AIRBUS - 2020 Financial Statement

2. Notes to the IFRS Consolidated Financial Statements / 2.6 Employees Costs and Benefits

2.6 Employees Costs and Benefits

29. Number of Employees

Airbus Defence and Space

Airbus Helicopters

Consolidated Airbus

Airbus

31 December 2020

78,487 80,985

20,026

32,836

131,349

31 December 2019

20,024

33,922

134,931

30. Personnel Expenses

2020

2019

(In € million)

Wages, salaries and social contributions

11,799

13,347

749

626

Net periodic pension cost (1)

Total

12,548

13,973

(1) See “– Note 32: Post-Employment Benefits”.

31. Personnel-Related Provisions

Several German companies provide life-time working account models, being employee benefit plans with a promised return on contributions or notional contributions that qualify as other long-term employee benefits under IAS 19. The employees’ periodical contributions into their life-time working accounts result in corresponding personnel expenses in that period, recognised in other personnel charges . The increase in Restructuring measures/ pre-retirement part-time work is mainly due to the restructuring provision recorded in 2020 in response to the COVID-19 pandemic. For more details, see “– Note 2: Impact of the COVID-19 pandemic”.

2

Increase from passage of time Additions

Reclassification/ Change in consolidated

Balance at 31 December 2020

Balance at 1 January 2020

Exchange differences

group Used Released

(In € million)

Restructuring measures / pre-retirement part-time work

266

(1)

0

1,196

(13)

(178)

(7)

1,263

Other personnel charges

717

(2)

1

311

2 (305)

(82)

642

Total

983

(3)

1 1,507

(11) (483)

(89)

1,905

32. Post-Employment Benefits

31 December

2020

2019

(In € million)

Provisions for retirement plans

8,790

7,286

1,190

1,067

Provisions for deferred compensation

Retirement plans and similar obligations

9,980

8,353

47

Airbus / Financial Statements 2020