D-Link 2004 Annual Report Download - page 47

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19
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
According to the agreement, D-Link Systems and Alpha Holding Inc. issued some notes payable
to the leasing company. The par value of the unpaid notes as of December 31, 2004, are
summarized below:
Year ending December 31,
2005 $ 6,738
2006 6,738
2007 4,501
2008 3,439
2009 and after 6,305
$ 27,721
13. Retirement Plans
The following table sets forth the benefit obligation and accrued pension balance as of December 31,
2003 and 2004:
December 31,
2003 2004
Benefit obligation:
Nonvested benefit obligation $ (192,277) (205,138)
Vested benefit obligation (3,390) (20,850)
Accumulated benefit obligation (195,667) (225,988)
Projected future salary increase (133,068) (153,208)
Projected benefit obligation (328,735) (379,196)
Fair value of plan assets 144,607 393,031
Funded status (184,128) 13,835
Unrecognized net transition obligation 10,211` 9,696
Unrecognized net gain (loss) 20,798 14,815
Additional minimum pension liability (1,413) (325)
Prepaid pension cost (Accrued pension cost) $ (154,532) 38,021
The components of D-Link’ s, DTI’ s and Alpha’ s net periodic pension cost for 2003 and 2004 are
summarized as follows:
2003 2004
Service cost $ 41,434 46,532
Interest expenses 9,223 11,506
Actual returns on pension fund (2,019) (3,581)
Amortization (3,407) (1,078)
$ 45,231 53,379
Actuarial assumptions at December 31, 2003 and 2004, are summarized as follows: