| (in € millions) | Note | 2024 | 2023 | |
|---|---|---|---|---|
| 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 expense 2024 (17,190) |
Wages and other employment-related expense 2023 (16,037) |
| of which wages and salaries | of which wages and salaries
|
of which wages and salaries Note |
of which wages and salaries 2024 (13,218) |
of which wages and salaries 2023 (12,370) |
| of which employer social contributions | of which employer social contributions
|
of which employer social contributions Note |
of which employer social contributions 2024 (3,159) |
of which employer social contributions 2023 (2,922) |
| 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 plans 2024 (814) |
of which contributions to defined contribution plans 2023 (745) |
| Profit-sharing and incentive plans | Profit-sharing and incentive plans II |
Profit-sharing and incentive plans Note |
Profit-sharing and incentive plans 2024 (354) |
Profit-sharing and incentive plans 2023 (315) |
| Total | Total I + II |
Total Note
|
Total 2024 (17,544) |
Total 2023 (16,352) |
| 2024 | 2023 | |
|---|---|---|
| Average number of employees (in full-time equivalent) | Average number of employees (in full-time equivalent) 2024 282,481 |
Average number of employees (in full-time equivalent) 2023 279,426 |
| of which managers | of which managers 2024 56,562 |
of which managers 2023 54,049 |
| of which other employees | of which other employees 2024 225,919 |
of which other employees 2023 225,376 |
| (in € millions) | 2024 | 2023 |
|---|---|---|
| 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 2024 47 |
Net gains or losses on disposal of intangible assets and property, plant and equipment 2023 41 |
| Share in operating income or loss of joint operations | Share in operating income or loss of joint operations 2024 8 |
Share in operating income or loss of joint operations 2023 (14) |
| Other | Other 2024 (14) |
Other 2023 74 |
| Total | Total 2024 41 |
Total 2023 101 |
Depreciation and amortisation break down as follows:
| (in € millions) | 2024 | 2023 |
|---|---|---|
| Concession intangible assets | Concession intangible assets 2024 (1,627) |
Concession intangible assets 2023 (1,550) |
| Other intangible assets | Other intangible assets 2024 (225) |
Other intangible assets 2023 (263) |
| Property, plant and equipment | Property, plant and equipment 2024 (2,146) |
Property, plant and equipment 2023 (1,987) |
| Depreciation and amortisation | Depreciation and amortisation 2024 (3,998) |
Depreciation and amortisation 2023 (3,799) |
Amortisation of other intangible assets included €108 million in 2024 (€128 million in 2023) relating to intangible assets identified when allocating the Cobra IS purchase price.
Depreciation of property, plant and equipment included €714 million in 2024 relating to right-of-use assets under leases (€668 million in 2023).
Accounting policies
The cost of net financial debt comprises:
The cost of net financial debt amounted to €1.2 billion in 2024, up €297 million compared with 2023 (€894 million).
The increase in the cost of net financial debt resulted mainly from the positive non-recurring impact of €167 million related to the restructuring in 2023 of the debt used to acquire London Gatwick airport and a negative volume effect in large part due to acquisitions in 2024.
The cost of net financial debt can be analysed as follows:
| (in € millions) | 2024 | 2023 |
|---|---|---|
| Financial liabilities at amortised cost | Financial liabilities at amortised cost 2024 (1,337) |
Financial liabilities at amortised cost 2023 (1,138) |
| Financial assets and liabilities at fair value through profit or loss | Financial assets and liabilities at fair value through profit or loss 2024 579 |
Financial assets and liabilities at fair value through profit or loss 2023 462 |
| Derivatives designated as hedges: assets and liabilities | Derivatives designated as hedges: assets and liabilities 2024 (412) |
Derivatives designated as hedges: assets and liabilities 2023 (181) |
| Derivatives at fair value through profit or loss: assets and liabilities | Derivatives at fair value through profit or loss: assets and liabilities 2024 (21) |
Derivatives at fair value through profit or loss: assets and liabilities 2023 (37) |
| Total cost of net financial debt | Total cost of net financial debt 2024 (1,191) |
Total cost of net financial debt 2023 (894) |
