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52 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
(d) Itemsrelatedtothecalculationstandardfortheretirementbenetobligation
NOTE 7:Retirementandseverancebenet
(a) Outlineofadoptedretirementbenetsystems
As for The Company, cash balance corporate pension plan and lump-sum retirement benet plan are established. And as for some
of consolidated subsidiaries, dened benet corporate pension plan and lump-sum retirement benet plan are established.
(b) ComponentofretirementbenetobligationasofMarch31,2013and2012
Remarks: 1)
The premium retirement allowance paid on a temporary basis is not included.
2) Some of subsidiaries adopt simplified methods for the calculation of retirement benefits.
(c) ComponentofretirementbenetcostforyearsendedMarch31,2013and2012
Remarks: The retirement benefit cost of subsidiaries where simplified methods are adopted is accounted for “a.
Service cost”.
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
a. Retirement benet obligation ¥(108,739)¥(105,874)$(1,156,193)
b. Pension assets 83,842 76,475 891,469
c. Unfunded retirement benet obligation (a+b) ¥ (24,897)¥ (29,399)$ (264,723)
d. Unrecognized difference by an actuarial calculation (810)1,377 (8,619)
e. Unrecognized prior service cost (decrease of liabilities) (4,063)(4,875)(43,209)
f. Net amount in consolidated balance sheet(c+d+e) (29,771)(32,896)(316,552)
g Prepaid pension cost 8,131 3,750 86,459
h. Provision for retirement benets (f-g) ¥ (37,903)¥ (36,647)$ (403,011)
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
a. Service cost ¥5,214 ¥5,338 $55,440
b. Interest cost 2,101 1,760 22,343
c. Assumed return on investment (699)(579)(7,439)
d. Amortized amount of actuarial difference 1,497 1,155 15,926
e. Amortized amount of prior service cost (734)(750)(7,807)
f. Retirement benet cost (a+b+c+d+e) ¥7,379 ¥6,923 $78,462
a. Allocation method of the estimated
amount of retirement benefits : Straight line basis
b. Discount rate : 2013 Mainly 2.00%
2012 Mainly 2.00%
c. Reassessment rate : 2013 1.50%
2012 1.50%
d. Assumed return of investment ratio : 2013 Mainly 0.77%
2012 Mainly 0.70%
e. Number of years for amortization : Mainly 15 years
of prior service cost To be amortized by straight line method with certain term
within the employees’ average remaining service years at the
time when the difference was caused.
f. Number of years for amortization : Mainly 15 years
of actuarial difference
To be amortized from the next fiscal year by straight line method
with certain term within the employees’ average remaining
service years at the time when the difference was caused.