Brother International 2011 Annual Report Download - page 35

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33
Brother Annual Report 2011
Annual maturities of long-term debt at March 31, 2011 were as follows:
Year ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2012 ¥ 3,422 $ 41,229
2013 16,565 199,578
2014 684 8,241
2015 447 5,386
2016 and thereafter 610 7,349
Total ¥ 21,728 $ 261,783
The carrying amounts of assets pledged as collateral for other long-term liabilities of ¥157 million ($1,892 thousand) at March 31, 2011 were
as follows:
Millions of Yen
Thousands of
U.S. Dollars
Buildings and structures,
net of accumulated depreciation ¥ 228 $ 2,747
Land 123 1,482
Total ¥ 351 $ 4,229
9. Retirement and Pension Plans
The liability for retirement benefits in the accompanying consolidated balance sheets consisted of retirement allowances for directors and corpo-
rate auditors of ¥121 million ($1,458 thousand) and ¥156 million at March 31, 2011 and 2010, respectively, and employees’ retirement benefits of
¥7,528 million ($90,699 thousand) and ¥7,032 million at March 31, 2011 and 2010, respectively.
Retirement Allowances for Directors and Corporate Auditors
Retirement allowances for directors and corporate auditors are paid subject to approval of the shareholders in accordance with the Companies Act
of Japan.
Certain domestic consolidated subsidiaries recorded liabilities for their unfunded retirement allowance plan covering all of their directors and
corporate auditors.
Employees’ Retirement Benefits
Under the pension plan, employees terminating their employment are, in most circumstances, entitled to pension payments based on their aver-
age pay during their employment, length of service and certain other factors.
The Company and certain domestic subsidiaries had two types of pension plans for employees: a non-contributory and a contributory funded
defined benefit pension plan. The Company and certain domestic subsidiaries applied accounting treatments specified in the guidance as
described in Note 2(14). Certain foreign subsidiaries have defined benefit pension plans and defined contribution pension plans.
The liability for employees’ retirement benefits at March 31, 2011 and 2010 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2011 2010 2011
Projected bene t obligation ¥ (50,134) ¥ (52,374) $ (604,024)
Fair value of plan assets 42,447 44,610 511,410
Unrecognized actuarial loss 11,621 14,395 140,012
Unrecognized prior service bene t 1,158 (257) 13,951
Net asset 5,092 6,374 61,349
Prepaid pension cost 12,620 13,406 152,048
Liability for employees’ retirement bene ts ¥ (7,528) ¥ (7,032) $ (90,699)