LensCrafters 2005 Annual Report Download - page 134
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NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS | 133 <
Amounts recognized in the Consolidated Balance Sheets consist of the following:
Pension plan SERP
In thousands of Euro 2004 2005 2004 2005
Liabilities
Accrued pension cost 29,777 23,997 3,762 4,990
Additional minimum liability 31,689 31,372 745 852
Total accrued pension liability 61,466 55,369 4,507 5,842
Assets
Intangible asset 1,623 1,262 47 43
Other comprehensive income
Accumulated other comprehensive income 30,066 30,110 698 809
The accumulated benefit obligations for the pension plan as of september 30 were as follows:
Pension Plan
In thousands of Euro 2003 2004 2005
Components of net periodic benefit cost 193,473 230,990 248,771
Service cost 11,816 11,584 12,356
Interest cost 12,035 11,012 13,859
Expected return on plan assets (13,333) (12,263) (14,959)
Amortization of actuarial loss 294 564 1,564
Amortization of prior service cost 624 568 566
Net periodic pension expense 11,436 11,465 13,386
Additional information
(Decrease)/Increase in minimum liability included in other
comprehensive income 1,045 (546) (4,055)
The accumulated benefit obligations for the SERP as of September 30 were as follows:
SERP
In thousands of Euro 2003 2004 2005
Components of net periodic benefit cost 4,610 4,965 5,549
Service cost 221 199 218
Interest cost 287 248 318
Expected return on plan assets - - -
Amortization of actuarial loss 115 48 10
Amortization of prior service cost 12 11 125
Net periodic pension expense 635 506 671
Additional information
(Decrease)/Increase in minimum liability
included in other comprehensive income 640 30 (8)