Mercedes 1998 Annual Report Download - page 100

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At December 31, At December 31,
1998 1997
U.S. Plans Non-U.S. U.S. Plans Non-U.S.
Plans Plans
Funded status *) (3,349) 9,637 (1,996) 8,527
Unrecognized actuarial net gains (losses) 344 (1,012) 130 (443)
Unrecognized prior service cost (1,436) (102) (1,700) (130)
Unrecognized net obligation (net assets)
at date of initial application (353) (4) (506) (6)
Net amount recognized (4,794) 8,519 (4,072) 7,948
Amounts recognized in the consolidated
balance sheets consist of:
Prepaid pension cost (4,816) (493) (4,074) (621)
Accrued pension liability 136 9,012 170 8,569
Intangible assets (94) – (135) –
Accumulated other comprehensive income (20) – (33) –
Net amount recognized (4,794) 8,519 (4,072) 7,948
A reconciliation of the funded status to the amounts recognized
in the consolidated balance sheets is as follows:
*) Difference between the projected benefit obligations and the fair value of
plan assets.
Assumed discount rates and rates of increase in remuneration
used in calculating the projected benefit obligations together
with long-term rates of return on plan assets vary according to
the economic conditions of the country in which the
retirement plans are situated. The weighted-average
assumptions used in calculating the actuarial values for the
principal pension plans were as follows:
1998 1997 1996
U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.
Plans Plans Plans Plans Plans Plans
%%%%%%
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
96
Weighted-average assumptions as of
December 31:
Discount rate 6.5 6.0 6.8 6.5 7.3 6.8
Expected return on plan assets 9.7 8.1 9.7 8.1 9.7 8.1
Rate of compensation increase 5.9 3.3 6.0 3.7 6.0 3.8