Suzuki 2014 Annual Report Download - page 55

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Consolidated Financial Statements
SUZUKI MOTOR CORPORATION 53
(Year ended March 31, 2014)
1.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 estab-
lished. As for some foreign consolidated subsidiaries, dened contribution plan are established.
Some consolidated subsidiaries adopt simplied methods for the calculation of retirement benets.
2.Denedbenetplan
(a)Reconciliationofretirementbenetobligationfromtheopeningbalancetotheclosingbalance
Millions of yen
Thousands of
US dollars
Opening balance of retirement benet obligation ¥108,739 $1,056,548
Service cost 6,024 58,538
Interest cost 2,199 21,373
Actuarial differences arised in current scal year (611)(5,940)
Retirement allowance paid (4,940)(48,003)
Past service cost arised in current scal year 159 1,551
Others (475)(4,623)
Closing balance of retirement benet obligation ¥111,096 $1,079,445
(b) Reconciliation of pension assets from the opening balance to the closing balance
Millions of yen
Thousands of
US dollars
Opening balance of pension assets ¥83,842 $814,639
Expected return on pension assets 825 8,022
Actuarial differences arised in current scal year 808 7,851
Contribution from employers 8,028 78,002
Retirement allowance paid (3,512)(34,127)
Others 48 468
Closing balance of pension assets ¥90,040 $874,856
(c)Reconciliationbetweenclosingbalanceofretirementbenetobligationandpensionassetsandnetamountofliability/asset
forretirementbenetsrecognizedinconsolidatedbalancesheet
Millions of yen
Thousands of
US dollars
Dened benet obligation of funded severance plan ¥82,668 $803,232
Plan asset (90,040)(874,856)
(7,371)(71,623)
Dened benet obligation of unfunded severance plan 28,427 276,212
Net amount of liability and asset for retirement benets
recognized in consolidated balance sheet ¥21,056 $204,589
Liability for retirement benets ¥36,918 $358,712
Asset for retirement benets (15,862)(154,123)
Net amount of liability and asset for retirement benets
recognized in consolidated balance sheet ¥21,056 $204,589