Suzuki 2014 Annual Report Download - page 56

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54 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
(d)Breakdownofretirementbenetexpenses
Millions of yen
Thousands of
US dollars
Service cost ¥6,024 $58,538
Interest cost 2,199 21,373
Expected return on plan assets (825)(8,022)
Recognition of actuarial gain and losses 527 5,122
Amortization of past service cost (636)(6,182)
Others (656)(6,382)
Total amount of retirement benet expenses for dened
benet plans ¥6,633 $64,448
(e)Accumulatedadjustmentforretirementbenet
Breakdown of accumulated adjustment for retirement benet recognized were as follows:
Millions of yen
Thousands of
US dollars
Unrecognized past service cost ¥3,276 $31,837
Unrecognized actuarial gain and losses 2,742 26,642
Total ¥6,018 $58,480
(f) Plan assets
a. Major breakdown of pension assets
Portion of major components to total pension assets were as follows:
Debt securities 51.1%
General account of life insurance companies 38.0%
Others 10.9%
Total 100.0%
b. Method to determine long-term expected return on plan assets
Expected return on pension assets were determined by considering the current and anticipated future portfolio of pension
assets and current and anticipated future long-term performance of various asset classes that comprise pension assets.
(g) Actuarial assumptions
Discount rate 2.00%
Expected long-term return on pension assets 0.82%
3.Denedcontributionplan
Contribution to dened contribution plan by The Company and consolidated subsidiaries is 216 million yen
(2,104 thousand US dollars).