Suzuki 2015 Annual Report Download - page 58

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56 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
(d)Breakdownofretirementbenetexpenses
Millions of yen
Thousands of
US dollars
Service cost ¥6,638 $55,245
Interest cost 1,681 13,994
Expected return on plan assets (1,000)(8,322)
Recognition of actuarial gain and losses 992 8,262
Amortization of past service cost 117 981
Others 46 384
Total amount of retirement benet expenses for dened
benet plans ¥8,477 $70,546
(e)Adjustmentforretirementbenet
Breakdown of adjustment for retirement benet recognized were as follows:
Millions of yen
Thousands of
US dollars
Past service cost ¥(5,140)$(42,780)
Actuarial gains and losses 616 5,129
Total ¥(4,524)$(37,650)
(f)Accumulatedadjustmentforretirementbenet
Breakdown of accumulated adjustment for retirement benet recognized were as follows:
Millions of yen
Thousands of
US dollars
Unrecognized past service cost ¥(1,864)$(15,513)
Unrecognized actuarial gains and losses 3,344 27,828
Total ¥1,479 $12,314
(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 ¥95,065 $791,090
Plan asset (94,487)(786,285)
577 4,804
Dened benet obligation of unfunded severance plan 38,353 319,161
Net amount of liability and asset for retirement benets
recognized in consolidated balance sheet ¥38,930 $323,965
Liability for retirement benets ¥40,791 $339,450
Asset for retirement benets (1,860)(15,484)
Net amount of liability and asset for retirement benets
recognized in consolidated balance sheet ¥38,930 $323,965
(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 ¥90,040 $749,273
Expected return on pension assets 1,000 8,322
Actuarial differences arised in current scal year 454 3,785
Contribution from employers 5,905 49,142
Retirement allowance paid (3,364)(27,993)
Others 451 3,755
Closing balance of pension assets ¥94,487 $786,285