Financial Statements 2023

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

29.

Personnel Expenses

2023

(In € million)

2022

Wages, salaries and social contributions

14,965

13,509

(1)

Net periodic pension cost

414

136

Total

15,379

13,645

See “– Note 31: Post ‑ Employment Benefits”. (1)

Personnel ‑ Related Provisions

30.

Reclassification / Change in consolidated group

Increase from passage of time Additions

Balance at 31 December 2023

Balance at 1 January 2023

Exchange differences

Used Released

(In € million)

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

91

(2)

1

36

4

(37)

(17)

76

652

(1)

4

417

0

(326)

(48)

698

Total

743

(3)

5

453

4

(363)

(65)

774

Other personnel charges of €695 million (2022: €652 million) are mainly related to short ‑ term employee benefits.

Post ‑ Employment Benefits

31.

31 December

2023

(In € million)

2022

Provisions for retirement plans

2,554

3,302

Provisions for deferred compensation

161

207

Retirement plans and similar obligations

2,715

3,509

In addition, a non ‑ current asset of €373 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 26: Other Assets and Other Liabilities”).

52

Airbus

Financial Statements 2023