Kia 2012 Annual Report Download - page 84

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
(a) Details of defined benefit plan as of December 31, 2012 and 2011 are summarized as follows:
(b) The components of plan assets as of December 31, 2012 and 2011 are summarized as follows:
(c) The components of retirement benefit costs for the years ended December 31, 2012 and 2011 are summarized as follows:
(d) The principal actuarial assumptions used as of December 31, 2012 and 2011 are summarized as follows:
2012 2011
 
Present value of defined benefit obligations ₩ 961,535 948,871
Fair value of plan assets (940,084) (674,271)
Defined benefit liabilities ₩ 21,451 274,600
2012 2011
Time deposits and others ₩ 940,084 674,271
2012 2011
Current service costs ₩ 201,105 191,916
Interest costs 37,737 48,177
Expected returns on plan assets (26,516) (32,685)
₩ 212,326 207,408
2012 2011
Discount rate 3.94% 4.86%
Rate of inflation 3.00% 3.00%
Rate of expected return on plan assets (*) 3.78% 4.06%
Rate of future salary increases (Including rate of inflation) 5.00% 4.50%
(In millions of won)
(In millions of won)
(In millions of won)
(*) The rate of expected return on plan assets is determined based on historical experience of returns on plan assets.
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
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For the years ended December 31, 2012 and 2011

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