ANNUAL REPORT 2004 - Luxottica Group
ANNUAL REPORT 2004 - Luxottica Group
ANNUAL REPORT 2004 - Luxottica Group
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The accumulated benefit obligations for SERP as of September 30 were as follows:<br />
In thousands of Euro<br />
In thousands of Euro<br />
Components of net periodic benefit cost<br />
Service cost<br />
Interest cost<br />
Expected return on plan assets<br />
Amortization of actuarial loss<br />
Amortization of prior service cost<br />
Net periodic pension expense<br />
Additional information<br />
(Decrease)/Increase in minimum liability<br />
included in other comprehensive income<br />
Assumptions:<br />
Weighted-average assumptions used<br />
to determine benefit obligations at<br />
September 30<br />
Discount rate<br />
Rate of compensation increase<br />
Weighted-average assumptions used<br />
to determine net periodic benefit cost<br />
for years ended December 31, 2003<br />
and <strong>2004</strong><br />
Discount rate<br />
Expected long-term return on plan<br />
assets<br />
Rate of compensation increase<br />
2003<br />
6.00 %<br />
4.75 %<br />
6.50 %<br />
8.75 %<br />
4.75 %<br />
2002<br />
3,937<br />
2002<br />
372<br />
362<br />
-<br />
149<br />
14<br />
897<br />
94<br />
Pension plans<br />
<strong>2004</strong><br />
5.75 %<br />
4.25 %<br />
6.00 %<br />
8.50 %<br />
4.75 %<br />
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS<br />
2003<br />
4,610<br />
2003<br />
221<br />
287<br />
-<br />
115<br />
12<br />
635<br />
640<br />
2003<br />
6.00 %<br />
4.75 %<br />
6.50 %<br />
n.a.<br />
4.75 %<br />
<strong>2004</strong><br />
4,965<br />
<strong>2004</strong><br />
199<br />
248<br />
-<br />
48<br />
10<br />
506<br />
30<br />
SERP<br />
<strong>2004</strong><br />
5.75 %<br />
4.25 %<br />
6.00 %<br />
n.a.<br />
4.75 %<br />
131
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