| (in € millions) | Note | 2021 | 2020 | |
|---|---|---|---|---|
| Wages and other employment-related expense | Wages and other employment-related expense I |
Wages and other employment-related expense Note
|
Wages and other employment-related expense2021(12,245) | Wages and other employment-related expense 2020 (11,481) |
| of which wages and salaries | of which wages and salaries
|
of which wages and salaries Note
|
of which wages and salaries2021(9,330) | of which wages and salaries 2020 (8,679) |
| of which employer social contributions | of which employer social contributions
|
of which employer social contributions Note
|
of which employer social contributions2021(2,268) | of which employer social contributions 2020 (2,172) |
| of which contributions to defined contribution plans | of which contributions to defined contribution plans
|
of which contributions to defined contribution plans Note 29.1 |
of which contributions to defined contribution plans2021(647) | of which contributions to defined contribution plans 2020 (630) |
| Profit-sharing and incentive plans | Profit-sharing and incentive plans II |
Profit-sharing and incentive plans Note
|
Profit-sharing and incentive plans2021(243) | Profit-sharing and incentive plans 2020 (161) |
| (in € millions)Total | I+II |
Note
|
2021(12,488) | 2020 (11,642) |
The Group’s average headcount was 218,569 on a full-time-equivalent basis in 2021, slightly lower than in 2020.
| 2021 | 2020 | |
|---|---|---|
Average number of employees (in full-time equivalent) |
2021218,569 | 2020 219,400 |
| of which managers | of which managers202144,413 | of which managers 2020 43,913 |
| of which other employees | of which other employees2021174,155 | of which other employees 2020 175,488 |
| (in € millions) | 2021 | 2020 |
|---|---|---|
| Net gains or losses on disposal of intangible assets and property, plant and equipment | Net gains or losses on disposal of intangible assets and property, plant and equipment 202125 |
Net gains or losses on disposal of intangible assets and property, plant and equipment 2020 39 |
| Share in operating income or loss of joint operations | Share in operating income or loss of joint operations 202124 |
Share in operating income or loss of joint operations 2020 12 |
| Other | Other 202118 |
Other 2020 (59) |
| (in € millions)Total | 202167 | 2020 (8) |
Depreciation and amortisation break down as follows:
| (in € millions) | 2021 | 2020 |
|---|---|---|
| Concession intangible assets | Concession intangible assets 2021(1,348) |
Concession intangible assets 2020 (1,330) |
| Other intangible assets | Other intangible assets 2021(85) |
Other intangible assets 2020 (65) |
| Property, plant and equipment | Property, plant and equipment 2021(1,786) |
Property, plant and equipment 2020 (1,776) |
| Depreciation and amortisation | Depreciation and amortisation2021(3,219) | Depreciation and amortisation 2020 (3,171) |
Since 1 July 2020, additions to amortisation in relation to concession intangible assets at VINCI Airports have been calculated using the unit of production method (based on passenger numbers).
In 2021, depreciation of property, plant and equipment included €605 million relating to right-of-use assets under leases (€582 million in 2020).
The cost of net financial debt comprises the following items:
The cost of net financial debt amounted to €658 million in 2021, up €69 million compared with 2020 (€589 million).
This increase was mainly due to the rise in London Gatwick airport’s cost of financial debt, including the revaluation of derivative financial instruments entered into prior to its acquisition (inflation-linked swaps). The cost of net financial debt at other Group companies fell during the year as issues of debt with higher interest payments than newer ones reached maturity, partly offset by lower returns on short-term cash investments given the negative interest rate environment across the eurozone.
The cost of net financial debt can be analysed as follows:
| (in € millions) | 2021 | 2020 |
|---|---|---|
| Financial liabilities at amortised cost | Financial liabilities at amortised cost 2021(724) |
Financial liabilities at amortised cost 2020 (754) |
| Financial assets and liabilities at fair value through profit and loss | Financial assets and liabilities at fair value through profit and loss 20211 |
Financial assets and liabilities at fair value through profit and loss 2020 20 |
| Derivatives designated as hedges: assets and liabilities | Derivatives designated as hedges: assets and liabilities 2021140 |
Derivatives designated as hedges: assets and liabilities 2020 137 |
| Derivatives at fair value through profit and loss: assets and liabilities | Derivatives at fair value through profit and loss: assets and liabilities 2021(75) |
Derivatives at fair value through profit and loss: assets and liabilities 2020 8 |
| (in € millions)Total cost of net financial debt | 2021(658) | 2020 (589) |
