D-Link 2014 Annual Report Download - page 61

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35
D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
(iv) Expenses recognized in profit or loss
The Company’s expenses recognized in profit or loss for the years 2014 and 2013 were as
follow:
2014 2013
Current service cost $ 2,060 2,272
Interest cost on the defined benefit obligation 3,152 2,823
Expected return on plan assets (2,776)
(2,455)
$ 2,436 2,640
Actuarial return on plan assets
$ 3,151
1,791
The Company’s paid retirement expenses for the year ended December 31, 2014 and 2013,
both were $0 thousand.
(v) Actuarial gains and losses recognized in other comprehensive income
The Company’s actuarial gains and losses recognized in other comprehensive income for
the year ended December 31, 2014 and 2013, were as follows:
2014 2013
Balance as of January 1 $ 26,556 26,184
Recognized 7,503
372
Balance as of December 31
$ 34,059
26,556
(vi) Actuarial assumptions
The following are the principal actuarial assumptions (expressed as weighted averages):
2014.12.31 2013.12.31
Discount rate 2.00% 2.00%
Expected return on plan assets 2.00% 2.00%
Future salary increases 3.00% 3.00%
The expected long-term rate of return is based on the portfolio as a whole and not on the
sum of the returns on individual asset categories. The return is based exclusively on
historical returns, without adjustments.