AIRBUS - 2019 Financial Statements

2.6 Employees Costs and Benefits Notes to the IFRS Consolidated Financial Statements / 2 31.2 Provisions for Deferred Compensation This amount represents obligations that arise if employees elect to convert part of their remuneration or bonus into an equivalent commitment for deferred compensation which is treated as a defined benefit post-employment plan. The development for the DBO and plan assets is as follows: (In € million) 2019 2018 DBO Plan assets Total DBO Plan assets Total Balance at 1 January 1,630 (1,032) 598 1,362 (150) 1,212 Service cost (including past service cost) 0 0 0 118 0 118 Interest cost 25 0 25 23 0 23 Interest income 0 (15) (15) 0 (6) (6) Remeasurement: actuarial (gains) and losses arising from changes in demographic assumptions 254 0 254 (2) 0 (2) changes in financial assumptions 322 0 322 8 0 8 changes in experience adjustments 22 0 22 33 0 33 plan assets 0 (77) (77) 0 44 44 Changes in consolidation, transfers and others (44) 0 (44) (20) 1 (19) Benefits paid (13) 0 (13) (11) 0 (11) Contributions 80 (84) (4) 119 (921) (802) Balance at 31 December 2,275 (1,208) 1,067 1,630 (1,032) 598 The funding of the plans is as follows: (In € million) 31 December 2019 2018 Provisions 1,067 598 Non-current and current other assets 0 0 Total 1,067 598 In the trust arrangements between the trust and the participating companies a minimum funding requirement is stipulated for the portion of the obligation, which is not protected by the pension guarantee association or Pensions-Sicherungs Verein in case of an insolvency of the subsidiaries concerned. Some portions of the obligation must be covered with securities in the same amount, while other portions must be covered by 115%. 53 Airbus / Financial Statements 2019