Financial Statements 2021

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

Provision for retirement and deferred compensation plans The development of the provision for retirement and deferred compensation plans is set out below:

DBO

Plan assets

Pension plans of the Company

Participation in BAE Systems Pension Scheme

Pension plans of the Company

Participation in BAE Systems Pension Scheme

Total provisions

in the UK Total

in the UK Total

(In € million)

Balance at 1 January 2020

17,025

3,991 21,016 (9,320)

(3,343) (12,663)

8,353

Service cost (including past service cost)

590

72 662

0

0

0

662

Interest cost and income

168

76 244

(95)

(62)

(157)

87

Remeasurements: actuarial (gains) and losses arising from changes in demographic assumptions

(69)

(3)

(72)

0

0

0

(72)

changes in financial assumptions

1,645

578

2,223

0

0

0

2,223

changes in experience adjustments

(106)

27

(79)

0

0

0

(79)

plan assets

0

0

0

(420)

(117)

(537)

(537)

Changes in consolidation, transfers and others

11

0

11

(45)

0

(45)

(34)

Benefits paid

(450)

(153)

(603)

147

153

300

(303)

Contributions by employer and other plan participants Foreign currency translation adjustments

80

2

82

(256)

(83)

(339)

(257)

(116)

(220)

(336)

93

180

273

(63)

Balance at 31 December 2020

18,778

4,370 23,148

(9,896)

(3,272) (13,168)

9,980

Service cost (including past service cost)

225

66

291

0

0

0

291

Interest cost and income

118

61 179

(69)

(45)

(114)

65

Remeasurements: actuarial (gains) and losses arising from changes in demographic assumptions

2

48

(6)

42

0

0

0

42

changes in financial assumptions

(1,378)

(75)

(1,453)

0

0

0

(1,453)

changes in experience adjustments

95

44 139

0

0

0

139

plan assets

0

0

0

(954)

(387)

(1,341)

(1,341)

Changes in consolidation, transfers and others

(12)

0

(12)

(14)

0

(14)

(26)

Benefits paid

(455)

(167)

(622)

156

167

323

(299)

Contributions by employer and other plan participants Foreign currency translation adjustments

117

1

118

(442)

(97)

(539)

(421)

163

304 467

(134)

(238)

(372)

95

Balance at 31 December 2021 17,699

4,598 22,297 (11,353)

(3,872) (15,225)

7,072

In the figures shown in the table, amounts of €2,503 million and €1,682 million are included for the defined benefit obligation and plan assets for deferred compensation plans in Germany (2020: €2,625 million and €1,435 million). The past service cost included in the service cost amounts to €-228million and €106million as of 31 December 2021 and 2020, respectively. The employer contributions amount to €533 million

and €6 million for other plan participants as of 31 December 2021 (2020: €331 million and €8 million respectively). Additionally, the Company considers liabilities for lump sum payments (one-off payment or lump sum instalments) under the German P3 and APP pension arrangements in the total amount of €172 million and €150 million as of 31 December 2021 and 2020, respectively.

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Airbus / Financial Statements 2021