Airbus 2015 Annual Report Download - page 232

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 50 l
Notes to the IFRSConsolidatedFinancialStatements
2.6 Employees Costs and Benefits
The development of the defined benefit obligation is set out below:
CHANGE IN NET DEFINED BENEFIT LIABILITY (ASSET)
(In € million)
Defined benefit obligation Plan assets Total
provisions
Pension
plans of
the Group
Share of multi-
employer plan
in UK
Total defined
benefit
obligation
Pension
plans of
the Group
Share of multi-
employer
plan in UK
Total
plan
assets
Balance as of
1January 2014 8,822 3,460 12,282 (3,768) (2,705) (6,473) 5,809
Service cost 288 63 351 0 0 0 351
Interest cost and income 309 160 469 (144) (127) (271) 198
Settlements (143) 0(143) 116 0116 (27)
Remeasurements: Actuarial
(gains) andlosses arising
 from changes in
demographic assumptions 161 65 226 0 0 0 226
 from changes
assumptions in financial 1,370 584 1,954 0 0 0 1,954
 from changes in experience
adjustments 165 (134) 31 0 0 0 31
 from plan assets 0(140) (162) (302) (302)
Change in consolidation,
transfers and others (77) 4(73) 0 0 0 (73)
Benefits paid (323) (129) (452) 130 129 259 (193)
Contributions by employer
andother plan participants 0(380) (94) (474) (474)
Foreign currency translation
adjustment 53 264 317 (51) (199) (250) 67
Balance as of
31December 2014/
1January 2015 10,625 4,337 14,962 (4,237) (3,158) ( 7,3 95) 7,5 67
Service cost 358 81 439 0 0 0 439
Interest cost and income 219 175 394 (105) (130) (235) 159
Settlements 0 0 0 0 0 0 0
Remeasurements: Actuarial
(gains) and losses arising
 from changes in
demographic assumptions (2) 0(2) 0 0 0 (2)
 from changes
assumptions in financial (642) (1,218) (1,860) 0 0 0 (1,860)
 from changes in experience
adjustments 213 (44) 169 0 0 0 169
 from plan assets 0 0 0 67 898 965 965
Change in consolidation,
transfers and others (95) 5(90) 0 0 0 (90)
Benefits paid (338) (168) (506) 139 168 307 (199)
Contributions by employer
andother plan participants 0 0 0 (245) (117) (362) (362)
Foreign currency translation
adjustment 54 279 333 (50) (202) (252) 81
Balance as of
31December 2015 10,392 3,447 13,839 (4,431) (2,541) (6,972) 6,867
On 1 April 2014, Dutch Space B.V., Leiden (Netherlands)
settled its own pension scheme and transferred its obligation
and related plan assets to the pension scheme of the industry
sector “Electrotechnical and Metal” as managed by its pension
fund PME. Considering an additional payment of € 2million, the
settlement gain amounted to € 25million. The company pays
a yearly premium to the PME without any further obligation
for additional contributions. The pension scheme of the PME
qualifies as a defined contribution plan.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015