Airbus - Financial Statements 2022

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

30.

Personnel Expenses

2022

2021

(In € million)

Wages, salaries and social contributions

13,509

12,913

(1)

Net periodic pension cost

136

356

Total

13,645

13,269

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

In 2022, personnel expenses include €0.3 billion of exceptional premiums granted to Airbus employees in the context of elevated inflation.

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 .

Balance at 31 December 2022

Increase from passage of

Reclassification / Change in consolidated group

Balance at 1 January 2022

Exchange differences

time Additions

Used Released

(In € million)

Restructuring measures / pre ‑ retirement part ‑ time work Other personnel charges

125

2

0

34

(6)

(55)

(9)

91

644

(1)

2

387

(19)

(309)

(52)

652

Total

769

1

2

421

(25)

(364)

(61)

743

Post ‑ Employment Benefits

32.

31 December

2022

2021

(In € million)

Provisions for retirement plans

3,302

6,240

Provisions for deferred compensation

207

832

Retirement plans and similar obligations

3,509

7,072

In addition, as a consequence of the increased discount rates a non ‑ current asset of €642 million has been accounted for to reflect the surplus in two pension funds in the UK, the Airbus Section of the participation in BAE Systems Pension Scheme and the Company UK Pension Scheme (see “– Note 27: Other Assets and Other Liabilities”).

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