Suzuki 2006 Annual Report Download - page 40

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SUZUKI MOTOR CORPORATION
(c) Items related to retirement benefit cost
Remarks:
The retirement benefit cost of subsidiaries where simplified methods are adopted is
accounted for “a. Service cost”.
Thousands of
U.S. dollars
Millions of
yen
2006 2005 2006
a. Service cost ¥6,444 ¥6,100 $54,861
b. Interest cost 1,472 1,470 12,533
c. Assumed return on investment (108) (102) (920)
d. Amortized amount of actuarial difference 961 1,029 8,183
e. Amortized amount of prior service cost (718) (718) (6,118)
f. Retirement benefit cost (a+b+c+d+e) ¥8,051 ¥7,778 $68,538
g. Loss from the withdrawal from Employees
Pension Funds of some subsidiaries
—(88) —
h. Total (f+g) ¥8,051 ¥7,689 $68,538
CONSOLIDATED FINANCIAL STATEMENTS OF 2006
40
(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 : 2006 2.00%
2005 2.00%
c. Assumed return of investment ratio : 2006 0.23% - 1.50%
2005 0.23% - 1.50%
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.