Vodafone 2002 Annual Report Download - page 140

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Vodafone Group Plc Annual Report & Accounts and Form 20-F Notes to the Consolidated Financial Statements138
Notes to the Consolidated Financial Statements continued
37. US GAAP information continued
Japan defined benefit pension plan
The net periodic pension cost, benefit obligations, plan assets and funded status under US GAAP, translated at the year-end exchange rate of ¥188.73 : £1, at
31 March 2002 comprised the following:
2002
£m
Service cost 5
Interest cost 1
Net periodic pension cost 6
Change in benefit obligation
Benefit obligation at 12 October 2001 97
Service cost 4
Interest cost 1
Amendments 23
Benefits paid (estimated) (10)
Benefit obligation at 31 March 115
Change in plans’ assets
Fair value of assets at 12 October 2001 1
Employer’s contributions 10
Benefits paid (10)
Fair value of assets at 31 March 1
Funded status
Projected benefit obligation (115)
Fair value of plan assets 1
Unrecognised net loss 21
Accrued pension cost (93)
Weighted-average actuarial assumptions
Discount rate 3.0%
Rate of compensation increase N/a
Expected long-term return on plan assets 4.4%