Airbus - Financial Statements 2022

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

Plan assets allocation

The fair value of the plan assets for retirement plans and deferred compensation can be allocated to the following classes:

2022

2021

Quoted prices

Unquoted prices

Quoted prices

Unquoted prices

Total

Total

(In € million)

Equity securities

Europe

565

0

565

1,539

0

1,539

Rest of the world

128

0

128

408

0

408

Emerging markets

417

0

417

561

0

561

Global

1,959

898

2,857

2,896

693

3,589

Bonds

Corporates

2,502

1,114

3,616

3,125

283

3,408

Governments

2,370

0

2,370

2,393

0

2,393

Pooled investments vehicles

725

0

725

328

0

328

Commodities

0

0

0

0

0

0

Hedge funds

0

0

0

0

459

459

Derivatives

0

(278)

(278)

0

(71)

(71)

Property

0

767

767

0

723

723

Cash and money market funds

202

144

346

344

263

607

Others

0

1,324

1,324

0

1,281

1,281

Balance at 31 December

8,868

3,969

12,837

11,594

3,631

15,225

The majority of funded plans apply broadly an asset ‑ liability matching framework. The strategic asset allocation of the plans takes into account the characteristics of the underlying obligations. Investments are widely diversified, such that the failure of any single investment would not have a material impact on the overall level of assets. A large portion of assets in

2022 consists of fixed income and equity instruments, although the Company also invests in property, commodities and hedge funds. The Company reassesses the characteristics of the pension obligations from time to time or as required by the applicable regulation or governance framework. This typically triggers a subsequent review of the strategic asset allocation.

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