Suzuki 2007 Annual Report Download - page 42

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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
2007 2006 2007
a. Service cost ¥6,413 ¥6,444 $54,328
b. Interest cost 1,474 1,472 12,489
c. Assumed return on investment (112) (108) (955)
d. Amortized amount of actuarial difference 945 961 8,008
e. Amortized amount of prior service cost (718) (718) (6,088)
f. Retirement benefit cost (a+b+c+d+e) ¥8,001 ¥8,051 $67,782
CONSOLIDATED FINANCIAL STATEMENTS OF 2007
42
(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 : 2007 2.00%
2006 2.00%
c. Assumed return of investment ratio : 2007 0.23% - 1.90%
2006 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.