2020 Financial Statements

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: (In € million) DBO Plan assets Pension plans of the Company Participation in BAE Systems Pension Scheme in the UK Total Pension plans of the Company Participation in BAE Systems Pension Scheme in the UK Total Total provisions Balance at 1 January 2019 13,562 3,475 17,037 (6,973) (2,990) (9,965) 7,072 Service cost (including past service cost) 443 63 506 0 0 0 506 Interest cost and income 231 94 325 (120) (79) (198) 127 Remeasurements: actuarial (gains) and losses arising from changes in demographic assumptions 1,265 (32) 1,233 0 0 0 1,233 changes in financial assumptions 1,768 310 2,078 0 0 0 2,078 changes in experience adjustments 127 (4) 124 0 0 0 124 plan assets 0 0 0 (615) (128) (744) (744) Changes in consolidation, transfers and others (132) 0 (132) (13) 0 (13) (145) Benefits paid (416) (106) (522) 151 106 257 (265) Contributions by employer and other plan participants 85 2 87 (1,674) (91) (1,765) (1,678) Foreign currency translation adjustments 92 189 280 (77) (161) (235) 43 Balance at 31 December 2019 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 80 2 82 (256) (83) (339) (257) Foreign currency translation adjustments (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 In the figures shown in the table, amounts of €2,625 million and €1,435 million are included for the defined benefit obligation and plan assets for deferred compensation plans in Germany (2019: €2,275 million and €1,208 million). The past service cost included in the service cost amounts to €106 million and € -6 million as of 31 December 2020 and 2019, respectively. The employer contributions amount to €331 million and €8 million for other plan participants as of 31 December 2020 (2019: €1,758 million and €7 million respectively). 50 Airbus / Financial Statements 2020