TKS » Topics » SFAS158 Employers Accounting for Defined Benefit Pension and Other Postretirement Plans - an amendment of FASB Statements no. 87, 88, 106, and 132(R)

This excerpt taken from the TKS 20-F filed May 17, 2007.

SFAS158 “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans – an amendment of FASB Statements no. 87, 88, 106, and 132(R)”

The Group has not yet adopted the measurement provisions of SFAS158. Management is currently permitted to measure the funded status of the Group’s defined benefit post-retirement plans at a date not more than 90 days prior to the fiscal year-end date (in fiscal 2006, for example, the measurement date was September 30). SFAS158 will require that the funded status of the plans be measured as at the Company’s fiscal year-end date. The Group will adopt the measurement provisions of SFAS158 in fiscal 2008.

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