Airbus 2015 Annual Report Download - page 233

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 51 l
Notes to the IFRSConsolidatedFinancialStatements
2.
2.6 Employees Costs and Benefits
In 2015, contributions in the amount of € 241million (2014:
€ 372million) are made into the pension plans of the Group,
mainly relating to the Contractual Trust Arrangement with
€ 130million (2014: € 265million), the AirbusGroup UK scheme
with € 58million (2014: € 50million) and the relief fund in Germany
with € 50million (2014: € 50million).
Contributions of approximately € 400million are expected to
be made in 2016.
The weighted average duration of the defined benefit obligation
for retirement plans and deferred compensation is 14years at
31December 2015 (31December 2014: 15years).
The split of the defined benefit obligation for retirement plans and deferred compensation between active, deferred and pensioner
members for the most significant plans is as follows (as of 31December 2015 unless otherwise noted):
Active Deferred Pensioner
Germany 46% 6% 48%
France 99% 0% 1%
UK(1) 69% 12% 19%
Share of multi-employer scheme in UK (Main Scheme)(2) 32% 19% 49%
(1) As of 5April 2013.
(2) As of 31March 2014.
The following table shows how the present value of the defined benefit obligations of retirement plans and deferred compensation
would have been influenced by changes in the actuarial assumptions as set out for 31December 2015:
Change in actuarial assumptions Impact on defined benefit obligations
Change as of 31December
2015 2014
Present value of the obligation 14,680 15,706
Increase by 0.5%-point (1,007) (1,333)
Discount rate Decrease by 0.5%-point 1,062 1,416
Increase by 0.25%-point 188 356
Rate of compensation increase Decrease by 0.25%-point (305) (457)
Increase by 0.25%-point 256 345
Rate of pension increase Decrease by 0.25%-point (369) (452)
Increase by 1 year 283 421
Life expectancy Reduction by 1 year (411) (537)
Sensitivities are calculated based on the same method
(present value of the defined benefit obligation calculated with
the projected unit method) as applied when calculating the
post-employment benefit obligations. The sensitivity analyses
are based on a change of one assumption while holding all
other assumptions constant. This is unlikely to occur in practice
and changes of more than one assumption may be correlated
leading to different impacts on DBO than disclosed above. If
the assumptions change at a different level, the effect on the
DBO is not necessarily in a linear relation.
Financial Statements 2015
11 22 33 44 55
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Annual Report 2015 Financial Statements 2015
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