Canon 2006 Annual Report Download - page 77

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75
December 31 Thousands of
Millions of yen U.S. dollars
2006 2005 2006
Change in benefit obligations:
Benefit obligations at beginning of year ¥620,493 582,212 $5,214,227
Service cost 27,399 25,801 230,244
Interest cost 17,309 16,172 145,454
Plan participants’ contributions 1,412 1,161 11,865
Amendments (954) (6,212) (8,017)
Actuarial gain 23,586 3,340 198,202
Benefits paid (13,064) (12,239) (109,782)
Acquisition 714 10,106 6,000
Foreign currency exchange rate changes 11,696 167 98,286
Other —(15) —
Benefit obligations at end of year 688,591 620,493 5,786,479
Change in plan assets:
Fair value of plan assets at beginning of year 545,518 418,798 4,584,185
Actual return on plan assets 18,858 93,844 158,471
Employer contributions 44,981 40,059 377,992
Plan participants’ contributions 1,412 1,161 11,865
Benefits paid (13,064) (12,239) (109,782)
Acquisition 320 3,486 2,689
Foreign currency exchange rate changes 9,624 409 80,874
Fair value of plan assets at end of year 607,649 545,518 5,106,294
Funded status at end of year ¥(80,942) (74,975) $(680,185)
Millions of yen
Before After
Application of Application of
SFAS 158 Adjustments SFAS 158
Other assets ¥ 5,230 (2,206) ¥ 3,024
Accrued expenses — (90) (90)
Accrued pension and severance cost (57,031) (26,845) (83,876)
Deferred income taxes 6,408 9,516 15,924
Minority interests 1,517 3,997 5,514
Accumulated other comprehensive income (loss) 10,914 15,628 26,542
Obligations and funded status
Reconciliations of beginning and ending balances of the benefit
obligations and the fair value of the plan assets are as follows:
Thousands of U.S. dollars
Before After
Application of Application of
SFAS 158 Adjustments SFAS 158
Other assets $43,949 (18,537) $ 25,412
Accrued expenses — (757) (757)
Accrued pension and severance cost (479,252) (225,588) (704,840)
Deferred income taxes 53,849 79,966 133,815
Minority interests 12,748 33,588 46,336
Accumulated other comprehensive income (loss) 91,714 131,328 223,042