LensCrafters 2004 Annual Report Download - page 132

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
131
Components of net periodic benefit cost
Service cost
Interest cost
Expected return on plan assets
Amortization of actuarial loss
Amortization of prior service cost
Net periodic pension expense
Additional information
(Decrease)/Increase in minimum liability
included in other comprehensive income
In thousands of Euro
372
362
-
149
14
897
94
2002
221
287
-
115
12
635
640
2003
199
248
-
48
10
506
30
2004
In thousands of Euro
The accumulated benefit obligations for SERP as of September 30 were as follows:
3,937
2002
4,610
2003
4,965
2004
Weighted-average assumptions used
to determine benefit obligations at
September 30
Discount rate
Rate of compensation increase
Weighted-average assumptions used
to determine net periodic benefit cost
for years ended December 31, 2003
and 2004
Discount rate
Expected long-term return on plan
assets
Rate of compensation increase
5.75 %
4.25 %
6.00 %
8.50 %
4.75 %
2004
6.00 %
4.75 %
6.50 %
8.75 %
4.75 %
2003
6.00 %
4.75 %
6.50 %
n.a.
4.75 %
2003
5.75 %
4.25 %
6.00 %
n.a.
4.75 %
2004
Pension plans
Assumptions:
SERP