Asus 2009 Annual Report Download - page 179

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175
ASUSTeK COMPUTER INC. AND SUBSIDIARIES
Notes to Financial Statements
(Continued)
December 31, 2009 December 31, 2008
Benefit obligation:
Vested benefit obligation $ (3,543) (2,784)
Non-vested benefit obligation (166,470) (144,854)
Accumulated benefit obligation (170,013) (147,638)
Projected future employee compensation
increases (102,442) (103,581)
Projected benefit obligation (272,455) (251,219)
Fair value of plan assets 278,262 260,142
Funded status 5,807 8,923
Net unrecognized transition assets 48,523 44,358
Unrecognized net gain (53,419) (67,313)
Additional accrued pension liability (10,490) (3,057)
Accrued pension liability $ (9,579) (17,089)
Prepaid pension cost $ 33,064 27,836
Accrued pension liability (42,643) (44,925)
$ (9,579) (17,089)
Actuarial assumptions were as follows:
2009/1/1~2009/12/31 2008/1/1~2008/12/31
Discount rate 2.00%~2.25% 2.50%~2.75%
Future salary increase rate 1.00%~3.00% 2.00%~3.00%
Expected long-term rate of return on plan assets 2.00%~2.50% 2.50%~2.75%
The net pension costs in 2009 and 2008 consisted of the following:
2009/1/1~2009/12/31 2008/1/1~2008/12/31
Service cost $ 4,524 5,926
Interest cost 6,425 7,312
Expected return on plan assets (6,959) (6,277)
Amortization and deferral 4,372 4,598
Gain on curtailment or settlement - (36,763)
Net pension cost $ 8,362 (25,204)
As of December 31, 2009 and 2008, the vested benefits were approximately $3,964 and $3,831,
respectively.