Suzuki 2015 Annual Report Download - page 56
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Please find page 56 of the 2015 Suzuki annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.54 SUZUKI MOTOR CORPORATION
Consolidated Financial Statements
NOTE 7:Retirementandseverancebenet
(Year ended 31 March 2014)
1 Outlineofadoptedretirementbenetsystems
As for The Company, cash balance corporate pension plan and lump-sum retirement benet plan are established. And as for some
of consolidated subsidiaries, dened benet corporate pension plan and lump-sum retirement benet plan are established. As for
some foreign consolidated subsidiaries, dened contribution plan are established.
Some consolidated subsidiaries adopt simplied methods for the calculation of retirement benets.
2 Denedbenetplan
(a) Reconciliationofretirementbenetobligationfromtheopeningbalancetotheclosingbalance
Millions of yen
Opening balance of retirement benet obligation ¥108,739
Service cost 6,024
Interest cost 2,199
Actuarial differences arised in current scal year (611)
Retirement allowance paid (4,940)
Past service cost arised in current scal year 159
Others (475)
Closing balance of retirement benet obligation ¥111,096
(b) Reconciliation of pension assets from the opening balance to the closing balance
Millions of yen
Opening balance of pension assets ¥83,842
Expected return on pension assets 825
Actuarial differences arised in current scal year 808
Contribution from employers 8,028
Retirement allowance paid (3,512)
Others 48
Closing balance of pension assets ¥90,040
(c) Reconciliationbetweenclosingbalanceofretirementbenetobligationandpensionassetsandnetamountofliability/assetfor
retirementbenetsrecognizedinconsolidatedbalancesheet
Millions of yen
Dened benet obligation of funded severance plan ¥82,668
Plan asset (90,040)
(7,371)
Dened benet obligation of unfunded severance plan 28,427
Net amount of liability and asset for retirement benets
recognized in consolidated balance sheet ¥21,056
Liability for retirement benets ¥36,918
Asset for retirement benets (15,862)
Net amount of liability and asset for retirement benets
recognized in consolidated balance sheet
¥21,056
(d) Breakdownofretirementbenetexpenses
Millions of yen
Service cost ¥6,024
Interest cost 2,199
Expected return on plan assets (825)
Recognition of actuarial gains and losses 527
Amortization of past service cost (636)
Others (656)
Total amount of retirement benet expenses for dened
benet plans ¥6,633