Brother International 2012 Annual Report Download - page 39

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38
The liability for employees’ retirement benefits at March 31, 2012 and 2011 consisted of the following:
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Projected benefit obligation ¥ (51,533) ¥ (50,134) $ (628,451)
Fair value of plan assets 42,878 42,447 522,902
Unrecognized actuarial loss 11,875 11,621 144,818
Unrecognized prior service benefit 1,570 1,158 19,146
Net assets 4,790 5,092 58,415
Prepaid pension cost 11,771 12,620 143,549
Liability for employees’ retirement benefits ¥ (6,981) ¥ (7,528) $ (85,134)
The components of net periodic benefit costs for the years ended March 31, 2012 and 2011 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2012 2011 2012
Service cost ¥ 1,733 ¥ 1,638 $ 21,134
Interest cost 1,463 1,434 17,841
Expected return on plan assets (1,531) (1,517) (18,671)
Recognized actuarial loss 1,618 2,201 19,732
Amortization of prior service benefit (404) (274) (4,927)
Additional retirement payments and others 213 147 2,598
Contribution to defined contribution pension plans 1,569 1,413 19,134
Net periodic retirement benefits cost ¥ 4,661 ¥ 5,042 $ 56,841
Assumptions used for the years ended March 31, 2012 and 2011 were as follows:
2012 2011
Periodic recognition of projected benefit obligation Straight-line method Straight-line method
Discount rate Principally from 1.5% to 2.0% Principally from 1.5% to 2.0%
Expected rate of return on plan assets Principally 3.0% Principally 3.0%
Recognition period of actuarial gain / loss Principally from seven years to 17 years Principally from seven years to 17 years
Amortization period of prior service benefit / cost Principally from seven years to 16 years Principally from seven years to 16 years
Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2012