Suzuki 2014 Annual Report Download - page 54
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Please find page 54 of the 2014 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.52 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
(d) Itemsrelatedtothecalculationstandardfortheretirementbenetobligation
NOTE 7:Retirementandseverancebenet
(Year ended March 31, 2013)
(a) Outlineofadoptedretirementbenetsystems
As for The Company, cash balance corporate pension plan and lump-sum retirement benet plan are established. And as for some
of consolidated subsidiaries, dened benet corporate pension plan and lump-sum retirement benet plan are established.
(b) ComponentofretirementbenetobligationasofMarch31,2013
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) ComponentofretirementbenetcostforyearendedMarch31,2013
Remarks: “a. Service cost” includes retirement benets cost of some of subsidiaries caluculated by simplied methods.
Millions of yen
a. Retirement benet obligation ¥(108,739)
b. Pension assets 83,842
c. Unfunded retirement benet 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 benets (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 benet 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.