Suzuki 2010 Annual Report Download - page 45

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44 SUZUKI MOTOR CORPORATION
(d) Itemsrelatedtothecalculationstandardfortheretirementbenetobligation
a. Term allocation of the estimated
amount of retirement benets : Period xed amount basis
b. Discount rate : 2010 Mainly 2.00%
2009 Mainly 2.00%
c. Reassessment rate : 2010 1.50%
2009 1.50%
d. Assumed return of investment ratio : 2010 0.58%—1.90%
2009 0.77%—1.90%
e. Number of years for amortization : Mainly 15 years
of prior service cost To be amortized 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 : Mainly 15 years
of the difference caused by To be amortized from the next scal year by straight line
an actuarial calculation method with the employees’ average remaining service years
at the time when when the difference was caused.
NOTE 7:Accruedretirementandseverancebenet
(a) Outlineofanadoptedretirementbenetsystem
As for the Company, cash balance corporate pension plan and termination allowance plan are established. And as
for some of consolidated subsidiaries, dened benet corporate pension plan and termination allowance plan are estab-
lished.
(b) Itemsrelatedtoaretirementbenetobligation
Remarks: 1)
The premium retirement allowance paid on a temporary basis is not included.
2) Some of subsidiaries adopt simplied methods for the calculation of retirement benets.
(c) Itemsrelatedtoretirementbenetcost
Remarks: The retirement benet cost of subsidiaries where simplied methods are adopted is accounted for “a. Service
cost”.
Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
a. Retirement benet obligation ¥(103,031)¥(104,885)$(1,107,392)
b. Pension assets 65,834 62,081 707,589
c. Unrecognized retirement benet obligation (a+b) ¥(37,197)¥ (42,804)$(399,802)
d. Unrecognized difference by an actuarial calculation 4,005 7,578 43,053
e. Unrecognized prior service cost (decrease of liabilities) (6,145)(6,864)(66,056)
f. Provision for retirement benets (c+d+e) ¥(39,337)¥ (42,090)$(422,805)
Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
a. Service cost ¥6,961 ¥6,164 $74,818
b. Interest cost 1,592 1,613 17,118
c. Assumed return on investment (259) (536)(2,785)
d. Amortized amount of actuarial difference 881 973 9,479
e. Amortized amount of prior service cost (718) (718)(7,725)
f. Retirement benet cost (a+b+c+d+e) ¥8,457 ¥7,496 $90,906
Consolidated Financial Statements