Suzuki 2002 Annual Report Download - page 32

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SUZUKI MOTOR CORPORATION
30
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(d) Items related to the calculation standard for the retirement benefit obligation
a. Term allocation of the estimated
amount of retirement benefits : Period fixed amount basis
b. Discount rate : 2002 2.50%
2001 3.00%
c. Assumed return of investment ratio : 2002 4.00% - 4.80%
2001 4.00% - 5.14%
d. Number of years for amortization
of prior service cost : mainly 15 years
To be amortized by straight line method with
the employees' average remaining service years
at the time when the difference was caused.
e. Number of years for amortization of
the difference caused by an actuarial
calculation : mainly 15 years
To be amortized from the next fiscal year by
straight line method with the employees' average
remaining service years at the time when the
difference was caused.
f. Number of years for amortization of
transition liability : 5 years
7.Income taxes
Breakdown of deferred tax assets and deferred tax liabilities by their main occurrence causes is as follows.
Thousands of
Millions of yen U.S. dollars
2002 2001 2002
Deferred tax assets
Various reserves ................................................................. ¥ 34,959 ¥ 24,166 $262,359
Excess-depreciation ............................................................ 29,900 27,785 224,395
Unrealized gross profits elimination .................................. 15,312 14,757 114,914
Others ................................................................................. 41,059 39,071 308,139
Deferred tax assets total...................................................... ¥121,232 ¥105,780 $909,808
Deferred tax liabilities
Net unrealized gains on security......................................... ¥ (5,978) ¥(11,581) $ (44,865)
Reserve for fixed assets advanced depreciation ................. (2,359) (2,366) (17,703)
Others ................................................................................. (563) (900) (4,228)
Deferred tax liabilities total ................................................ ¥ (8,900) ¥(14,848) $ (66,798)
Net amounts of deferred tax assets ..................................... ¥112,331 ¥ 90,932 $843,010