AIRBUS - 2019 Financial Statements

2.6 Employees Costs and Benefits Notes to the IFRS Consolidated Financial Statements / 2 Customer Financing Exposure The on-balance sheet assets relating to sales financing, the off-balance sheet commitments and the related financing exposure (not including asset value guarantees) as of 31 December 2019 and 2018 are as follows: (In € million) 31 December 2019 31 December 2018 Airbus Airbus Helicopters Total Airbus Airbus Helicopters Total Operating leases (1) 154 0 154 110 32 142 Finance leases and loans 471 39 510 637 67 704 Inventories 8 0 8 22 0 22 Other investments 4 0 4 6 0 6 On-balance sheet customer financing 637 39 676 775 99 874 Off-balance sheet customer financing 95 9 104 28 10 38 Gross Customer Financing Exposure 732 48 780 803 109 912 Collateral values (530) (30) (560) (562) (35) (597) Net exposure 202 18 220 241 74 315 Operating leases (65) (7) (72) (74) (23) (97) Finance leases and loans (126) (11) (137) (144) (51) (195) On-balance sheet commitments – inventories (6) 0 (6) (17) 0 (17) Off-balance sheet commitments – provisions (2) (5) 0 (5) (6) 0 (6) Asset impairments, fair value adjustments and provisions (202) (18) (220) (241) (74) (315) (1) For 2019 and 2018, depreciation amounts to €9 million and €10 million respectively and related accumulated depreciation is €44 million and €55 million respectively. (2) See “– Note 24: Provisions, Contingent Assets and Contingent Liabilities”. 2.6 Employees Costs and Benefits 28. Number of Employees Airbus Airbus Helicopters Airbus Defence and Space Consolidated Airbus 31 December 2019 80,985 20,024 33,922 134,931 31 December 2018 80,924 19,745 33,002 133,671 29. Personnel Expenses (In € million) 2019 2018 Wages, salaries and social contributions 13,347 12,566 Net periodic pension cost (1) 626 581 Total 13,973 13,147 (1) See “– Note 31.1: Provisions for Retirement Plans”. 47 Airbus / Financial Statements 2019