Financial Statements 2021

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

The funding of the plans is as follows:

31 December

2021

2020

DBO

Plan assets

DBO

Plan assets

(In € million)

Unfunded pension plans

1,406

0

1,716

0

20,891

(15,225)

21,432

(13,168)

Funded pension plans (partial)

Total

22,297

(15,225)

23,148

(13,168)

As of 31 December 2021, provisions for pensions decreased mainly due to the change in financial assumptions of €1,453million reflecting the further strengthening of interest rates and increased inflation assumptions in Germany, France, Canada and the UK and the increase in plan assets of €1,341 million. In 2021, contributions for retirement and deferred compensation plans amount to €533 million. This consists of: – payments made to the pension and deferred compensation plans of the Company of €667 million (2020: €250 million), mainly relating to the Contractual Trust Arrangement in Germany of €431 million (2020: €175 million) as well as to the Company UK scheme €224 million (2020: €55 million);

– withdrawals from the Contractual Trust Arrangement in Germany of € -230 million (2020: €0 million); – payments made to the participation in BAE Systems Pension Scheme in the UK of €96 million (2020: €81 million). Contributions of approximately €514 million are expected to be made in 2022. The weighted average duration of the DBO for retirement plans and deferred compensation is 18 years at 31 December 2021 (31 December 2020: 19 years).

Pension Obligations by Countries and Type of Beneficiaries The split of the DBO for retirement plans and deferred compensation between active, deferred and pensioner members for the most significant plans is as follows:

Active

Deferred

Pensioner

Germany

51%

11%

38%

France

99%

0%

1%

UK

65%

17%

18%

Participation in BAE System Pension Scheme (Main Scheme)

41%

17%

42%

Canada

89%

1%

10%

Pension Obligations by Countries and Type of Plans The split of the present value of DBO for retirement plans and deferred compensation for the most significant plans is as follows:

Present value of DBO

Plan assets

Deferred Compensation plans

Deferred Compensation plans

Retirement plans

Retirement plans

Germany

81%

19%

81%

19%

France

100%

0%

100%

0%

UK

100%

0%

100%

0%

Participation in BAE System Pension Scheme (Main Scheme)

100%

0%

100%

0%

Canada

100%

0%

100%

0%

50

Airbus / Financial Statements 2021