Alpine 2010 Annual Report Download - page 26

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26
7. Provision for Retirement Benefits
Provision for retirement benefits included in the liability in the consolidated balance sheets and the related expenses for 2010 and 2009, which were
determined based on the amounts obtained by actuarial calculations, were as follows:
2010 2009 2010
Provision for retirement benefits:
Projected benefit obligation ¥(10,767) ¥(9,689) $(115,724)
Unamortized actuarial differences 2,231 2,333 23,979
Pension assets 9,029 8,095 97,044
Prepaid pension expense (1,152) (1,371) (12,382)
Provision for retirement benefits: ¥ (659) ¥ (632) $ (7,083)
Thousands of U.S. DollarsMillions of Yen
2010 2009 2008 2010
Service costs – Benefits earned during the year ¥ 526 ¥ 476 ¥ 450 $ 5,653
Interest costs on projected benefit obligation 215 211 208 2,311
Expected return on plan assets (186) (205) (229) (1,999)
Amortization of actuarial differences 194 171 99 2,085
Additional retirement benefit — — — —
Other expenses (Defined Contribution, etc.) 174 144 134 1,870
Provision for retirement benefits ¥ 923 ¥ 797 ¥ 662 $9,920
Millions of Yen Thousands of U.S. Dollars
The components of employee’s severance and pension expenses for the years ended March31, 2010, 2009 and 2008 were as follows.
The discount rate and the rate of expected return on plan assets used by the Company were mainly 2.5% for 2010, 2009 and 2008. The estimated
amount of all retirement benefits to be paid at the future retirement date was allocated equally to each service year using the estimated number of total
service years. Prior service costs were recognized as expense within one year, and actuarial gains or losses were recognized as income or expense using
the straight-line method over 9 - 16 years.