Brother International 2012 Annual Report Download - page 38

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37
Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2012 Annual maturities of long-term debt at March 31, 2012 were as follows:
Years ending M arch 31 Millions of Yen
Thousands of
U.S. Dollars
2013 ¥ 16,363 $ 199,549
2014 1,202 14,659
2015 313 3,817
2016 221 2,695
2017 and thereafter 575 7,012
Total ¥ 18,674 $ 227,732
The carrying amounts of assets pledged as collateral for other long-term liabilities of ¥104 million ($1,268 thousand) at March 31, 2012 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
Buildings and structures, net of accumulated depreciation ¥ 214 $ 2,610
Land 123 1,500
Total ¥ 337 $ 4,110
8. Retirement and Pension Plans
The liability for retirement benefits in the accompanying consolidated balance sheets consisted of retirement allowances for directors and corporate auditors of ¥106
million ($1,293 thousand) and ¥121 million at March 31, 2012 and 2011, respectively, and employees’ retirement benefits of ¥6,980 million ($85,122 thousand) and ¥7,528
million at March 31, 2012 and 2011, 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 (the
“Companies Act”).
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 average pay during their
employment, length of service and certain other factors.
The Company and certain domestic subsidiaries have two types of pension plans for employees: a non-contributory and a contributory funded defined benefit pension
plan. Certain foreign subsidiaries have defined benefit pension plans and defined contribution pension plans.