Suzuki 2014 Annual Report Download - page 54

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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
(Year ended March 31, 2013)
(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
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yearendedMarch31,2013
Remarks: “a. Service cost” includes retirement benets cost of some of subsidiaries caluculated by simplied methods.
Millions of yen
a. Retirement benet obligation ¥(108,739)
b. Pension assets 83,842
c. Unfunded retirement benet obligation (a+b) ¥ (24,897)
d. Unrecognized difference by an actuarial calculation (810)
e. Unrecognized past service cost (decrease of liabilities) (4,063)
f. Net amount in consolidated balance sheet (c+d+e) (29,771)
g Prepaid pension cost 8,131
h. Provision for retirement benets (f-g) ¥ (37,903)
Millions of yen
a. Service cost ¥5,214
b. Interest cost 2,101
c. Assumed return on investment (699)
d. Amortized amount of actuarial difference 1,497
e. Amortized amount of past service cost (734)
f. Retirement benet cost (a+b+c+d+e) ¥7,379
a. Allocation method of the estimated
amount of retirement benefits : Straight-line basis
b. Discount rate : Mainly 2.00%
c. Reassessment rate : 1.50%
d. Assumed return of investment ratio : Mainly 0.77%
e. Number of years for amortization : Mainly 15 years
of past 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.