|Assumption||Impact of Assumption on Balance Sheet||Impact of Assumption
on Periodic Cost
|Higher discount rate.||Lower obligation.||Periodic pension costs will typically be lower because of lower opening obligation and lower service costs.|
|Higher rate of compensation increase.||Higher obligation.||Higher service costs.|
|Higher expected return on plan assets.||No effect, because fair value of plan assets is used on balance sheet.||Not applicable for IFRS.
Lower periodic pension expense under US GAAP.