Suzuki 2003 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2003 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 47

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47

SUZUKI MOTOR CORPORATION
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 : 2003 2.50%
2002 2.50%
c. Assumed return of investment ratio : 2003 3.00% - 4.39%
2002 4.00% - 4.80%
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.
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
2003 2002 2003
Deferred tax assets
Various reserves ....................................................... ¥ 34,201 ¥ 34,959 $ 284,537
Excess-depreciation ................................................. 23,162 29,900 192,696
Unrealized gross profits elimination.......................... 17,385 15,312 144,637
Others ....................................................................... 64,878 41,059 539,750
Deferred tax assets total ........................................... ¥139,626 ¥121,232 $1,161,622
Deferred tax liabilities
Net unrealized gains on security .............................. ¥ (5,020) ¥
(5,978) $
(41,766)
Variance from the complete market value method
of newly consolidated subsidiaries ......................... (8,813) —(73,326)
Reserve for fixed assets advanced depreciation ..... (2,326) (2,359) (19,356)
Others ....................................................................... (285) (563) (2,371)
Deferred tax liabilities total........................................ ¥ (16,445) ¥
(8,900) $ (136,820)
Net amounts of deferred tax assets .......................... ¥123,181 ¥112,331 $1,024,801
35