Suzuki 2001 Annual Report Download - page 29

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SUZUKI MOTOR CORPORATION● 29
Millions of
yen
6.Reserve for retirment allowance
(a). Outline of an adopted retirement benefit system
In the case of the Company, as a defined benefit plan, Employee Pension Fund, Approved Retirement
Annuity System and Termination Allowance Plan are established.
(b). Items related to a retirement benefit obligation (as of March 31, 2001)
Remarks:1). The part of employees' pension plan is included in the figures written down above. In
connection with the amendment of the Welfare Pension Insurance Law in 2000, the raising of
the age for the start of payment is studied concerning the partial part carried out for the
employees' pension fund and therefore decrease takes place of the liability for the service in
the past by 8,792 million yen from next fiscal year.
2). The premium retirement allowance paid on a temporary basis is not included.
3). Some of subsidiaries adopt simplified methods for the calculation of retirement benefits.
(c). Items related to retirement benefit cost (as of March 31, 2001)
Remarks:1). The amount of employees' contribution to employees' pension fund is deducted.
2). The retirement benefit cost of subsidiaries where simplified methods are adopted is accounted
for "a. Service cost".
a. Service cost ¥ 7,872 $ 63,538
b. Interest cost 4,854 39,182
c. Assumed return on investment (4,975) (40,161)
d. The amount of difference to be amortized, which was 10,779 87,000
caused at the time when the accounting standard was
changed
e. Retirement benefit cost (a+b+c+d) ¥18,530 $149,560
Thousands of
U.S. dollars
Millions of
yen
a. Retirement benefit obligation ¥(227,411) $(1,835,443)
b. Pension assets 130,294 1,051,613
c. Unrecognized retirement benefit obligation (a + b) ¥ (97,116) $ (783,830)
d. Non-amortized amount of difference caused at the 43,117 348,000
time of alteration of an accounting standard
e. Unrecognized difference by an actuarial calculation 17,028 137,436
f. Reserve for retirement allowance (c+d+e) ¥ (36,970) $ (298,392)
Thousands of
U.S. dollars
*ANNUAL REPORT2001/14のコピー 2