Suzuki 2004 Annual Report Download - page 39

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SUZUKI MOTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(d) Items related to the calculation standard for the retirement benefit obligation
a. Term allocation of the estimated
amount of retirement benefits : Period fixed amount basis
b. Discount rate : 2004 2.00%
2003 2.50%
c. Assumed return of investment ratio : 2004 0.23% - 4.39%
2003 3.00% - 4.39%
d. Number of years for amortization
of prior service cost : Mainly 15 years
To be amortized by straight line method with
the employees' average remaining service years
at the time when the difference was caused.
e. Number of years for amortization of
the difference caused by an actuarial
calculation : Mainly 15 years
To be amortized from the next fiscal year by
straight line method with the employees' average
remaining service years at the time when the
difference was caused.
8. Income taxes
Breakdown of deferred tax assets and deferred tax liabilities by their main occurrence causes was as
follows:
Thousands of
Millions of yen U.S. dollars
2004 2003 2004
Deferred tax assets
Various reserves ....................................................... ¥ 35,180 ¥ 34,201 $ 332,868
Excess-depreciation ................................................. 27,045 23,162 255,890
Unrealized gross profits elimination.......................... 19,736 17,385 186,735
Others ....................................................................... 75,564 64,878 714,964
Deferred tax assets total ........................................... ¥157,526 ¥139,626 $1,490,458
Deferred tax liabilities
Net unrealized gains on security .............................. ¥ (14,646) ¥ (5,020) $ (138,575)
Variance from the complete market value method
of newly consolidated subsidiaries ......................... (8,121) (8,813) (76,842)
Reserve for fixed assets advanced depreciation ..... (1,743) (2,326) (16,492)
Others ....................................................................... (396) (285) (3,748)
Deferred tax liabilities total........................................ ¥ (24,906) ¥ (16,445) $ (235,659)
Net amounts of deferred tax assets .......................... ¥132,619 ¥123,181 $1,254,799
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