Airbus 2015 Annual Report Download - page 240

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 58 l
Notes to the IFRSConsolidatedFinancialStatements
2.6 Employees Costs and Benefits
31.2 Remuneration – Chief Executive Officer (“CEO”)
The total remuneration of the CEO and Executive Member of the Board of Directors related to the reporting periods 2015 and
2014 can be summarised as follows:
CEO (TOM ENDERS)
(In € million) 2015 2014
Base salary 1,400,004 1,400,004
Annual variable pay 1,659,000 1,750,000
Post-employment benefits costs 1,079,861 1,043,679
Share-based remuneration (“LTIP award”)(1) 2,401,751 2,798,039
Other benefits 69,050 68,415
Social charges 11,368 11,172
(1) Expense related to share-based payment plans as recognised in the annual period (service period) including the result from the hedge of cash-settled share-based payment:
refer to Note30 “Share-based payment” for details. The pay-out from vested cash settled LTIP in 2015 was € 3,148,629 (2014: € 2,374,997).
Annual Variable Pay
The annual variable pay is based on estimated performance achievement as at the balance sheet date and difference between
the previous year’s estimation and actual pay-out in the current year.
Post-Employment Benefit Costs
Post-employment benefit costs relate to the aggregated amount of current service and interest costs as well as interest costs on
employee’s contribution to the defined benefit plan.
For the CEO, Tom Enders, the pension defined benefit obligation including deferred compensation amounted to € 17,118,048 as
of 31December 2015 (€ 18,584,426 as of 31December 2014), whilst the amount of current service and interest cost related to
his pension promise accounted for in the fiscal year2015 represented an expense of € 1,079,861 (2014: € 1,043,679). This amount
has been accrued in the Consolidated Financial Statements.
Share-Based Remuneration
The table below gives an overview of the interests of the current Executive Members of the Board of Directors, Tom Enders as
CEO, under the various LTIPs of the Group:
PERFORMANCE UNITS PLAN (LTIP)
LTIP
Granted date 2010 2011 2012 2013 2014 2015
Performance Units 54,400 51,400 50,300 30,300 29,500 24,862
Re-evaluation of PU 136% 128% 100% 100% 100% 100%
PUs re-evaluated 73,984 65,792 50,300 30,300 29,500 24,862
Vested in 2015
 in cash 27,744 24,672 0000
 in shares 18,496 00000
Outstanding 2015
 in cash 024,672 37,725 15,150 29,500 24,862
 in shares 016,448 12,575 15,150 0 0
Vesting schedule
Cash-settled units For vesting dates, please refer to Note30.1 “SOP and LTIP”
Equity-settled units 0November2016 November2017 November2018 June2019 July2020
Vesting of all Performance Units granted to the CEO is subject to performance conditions.
Fair value of outstanding LTIP balances at the end of 2015 for the CEO was € 3,460,607 (2014: € 3,287,645).
Other Benefits
The CEO, Tom Enders, is entitled to accident insurance coverage and a company car. In 2015, the total amount expensed was
€ 69,050 (2014: € 68,415). The Company has not provided any loans to/ advances to/ guarantees on behalf of the CEO.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015