Casio 2013 Annual Report Download - page 35

Retirement benefits expenses for the years ended 2013 and 2012:
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Service cost—benefits earned during the year ¥ 2,111 ¥ 2,858 $ 22,457
Interest cost on projected benefit obligation 896 1,638 9,532
Expected return on pension plan assets (1,486) (1,344) (15,808)
Amortization of actuarial differences 2,279 2,058 24,245
Amortization of prior service costs (1,894) (865) (20,149)
Other 1,000 141 10,638
Retirement benefit expenses ¥ 2,906 ¥ 4,486 $ 30,915
Note: The discount rate and the rate of expected return on pension plan assets used by the Group are 1.7% and 3.0%, respectively, in both
2013 and 2012.
The estimated amount of all retirement benefits to be paid at the future retirement date is allocated using a points basis in 2013, and
allocated equally to each service year using the estimated number of total service years in 2012. Actuarial differences are to be recognized
in expenses using the straight-line method over 9–15 years (a certain period not exceeding the average of the estimated remaining service
lives commencing with the next period). Prior service costs are to be recognized in expenses using the straight-line method over 9–15
years (a certain period not exceeding the average of the estimated remaining service lives).
11. Net Assets
Under the Japanese Corporation Law (“the Law”) and regulations, the entire amount paid for new shares is
required to be designated as capital stock. However, a company may, by a resolution of the board of direc-
tors, designate an amount not exceeding one-half of the price of the new shares as additional paid-in
capital, which is included in capital surplus.
In cases where dividend distribution of surplus is made, the smaller of an amount equal to 10% of the
dividend or the excess, if any, of 25% of capital stock over the total of additional paid-in capital and legal
earnings reserve must be set aside as additional paid-in capital or legal earnings reserve. Legal earnings
reserve is included in retained earnings in the accompanying consolidated balance sheets.
Additional paid-in capital and legal earnings reserve may not be distributed as dividends. However, all
additional paid-in capital and all legal earnings reserve may be transferred to other capital surplus and
retained earnings, respectively, which are potentially available for dividends.
The maximum amount that the Company can distribute as dividends is calculated based on the noncon-
solidated financial statements of the Company in accordance with the Law.
12. Lease Transactions
(1) Finance lease transactions which do not transfer the ownership of the leased property to the
lessee, and that were concluded prior to the first year for which the new accounting standards
were applied
The outstanding future lease payments as of March 31, 2013 and 2012:
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Future lease payments:
Due within one year ¥ 20 ¥ 50 $ 213
Due over one year 83 103 883
Total ¥103 ¥153 $1,096
Total lease expenses (corresponding to reversal of accumulated impairment loss on lease assets, total
assumed depreciation cost and total assumed interest cost) as lessee for the years ended March 31, 2013
and 2012:
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Total lease expenses ¥56 ¥599 $596
Reversal of accumulated impairment loss on lease assets —342 —
Total assumed depreciation cost 48 210 511
Total assumed interest cost 519 53
Assumed data as to acquisition cost, accumulated depreciation and net book value of the lease assets
under the finance lease contracts as lessee as of March 31, 2013 and 2012:
Millions of Yen
2013
Acquisition cost
Accumulated
depreciation Net book value
Machinery, equipment and vehicles ¥232 ¥146 ¥86
Tools, furniture and fixtures 20 19 1
Other 15 15 0
Total ¥267 ¥180 ¥87
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance Corporate Data
PAGE 34
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