Brother International 2014 Annual Report Download - page 42

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41
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2014 (2) The changes in plan assets for the year ended March 31, 2014, were as follows:
Millions of Yen
Thousands of
U.S. Dollars
Balance at beginning of year ¥ 52,062 $ 505,456
Expected return on plan assets 1,754 17,029
Actuarial gains 1,842 17,883
Contributions from the employer 2,542 24,680
Benefits paid (2,300) (22,330)
Foreign currency translation adjustments 2,507 24,340
Others 91 884
Balance at end of year ¥ 58,498 $ 567,942
(3) Reconciliation between the liability recorded in the consolidated balance sheet and the balances of defined benefit obligation and plan assets
Millions of Yen
Thousands of
U.S. Dollars
Funded defined benefit obligation ¥ 62,904 $ 610,719
Plan assets (58,498) (567,942)
4,406 42,777
Unfunded defined benefit obligation 4,673 45,369
Net liability arising from defined benefit obligation ¥ 9,079 $ 88,146
Millions of Yen
Thousands of
U.S. Dollars
Liability for retirement benefits ¥ 13,402 $ 130,117
Asset for retirement benefits (4,323) (41,971)
Net liability arising from defined benefit obligation ¥ 9,079 $ 88,146
(4) The components of net periodic benefit costs for the year ended March 31, 2014, were as follows:
Millions of Yen
Thousands of
U.S. Dollars
Service cost ¥ 2,119 $ 20,573
Interest cost 1,615 15,680
Expected return on plan assets (1,754) (17,029)
Recognized actuarial losses 2,353 22,844
Amortization of prior service cost (28) (272)
Others 987
Net periodic benefit costs ¥ 4,314 $ 41,883
Notes to Consolidated Financial Statements