Casio 2014 Annual Report Download - page 36

Accounting treatment of retirement benefits for 2014 and 2013
The estimated amount of all retirement benefits to be paid at the future retirement date is allocated using a
points basis. 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 commenc-
ing 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 legal capital surplus,
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 legal capital surplus and legal
retained earnings must be set aside as legal capital surplus or legal retained earnings. Legal retained earn-
ings is included in retained earnings in the accompanying consolidated balance sheets.
Legal capital surplus and legal retained earnings may not be distributed as dividends. However, all legal
capital surplus and all legal retained earnings may be transferred to other capital surplus and retained earn-
ings, 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, 2014 and 2013:
Millions of Yen
Thousands of
U.S. Dollars
2014 2013 2014
Future lease payments:
Due within one year ¥14 ¥ 20 $136
Due over one year 69 83 670
Total ¥83 ¥103 $806
Total lease expenses (corresponding to total assumed depreciation cost and total assumed interest cost)
as lessee for the years ended March 31, 2014 and 2013:
Millions of Yen
Thousands of
U.S. Dollars
2014 2013 2014
Total lease expenses ¥24 ¥56 $233
Total assumed depreciation cost 18 48 175
Total assumed interest cost 4539
Assumed data as to acquisition cost, accumulated depreciation and net book value of the leased assets
under the finance lease contracts as lessee as of March 31, 2014 and 2013:
Millions of Yen
2014
Acquisition cost
Accumulated
depreciation Net book value
Machinery, equipment and vehicles ¥192 ¥123 ¥69
Total ¥192 ¥123 ¥69
Thousands of
U.S. Dollars
2014
Acquisition cost
Accumulated
depreciation Net book value
Machinery, equipment and vehicles $1,864 $1,194 $670
Total $1,864 $1,194 $670
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
(Notes): 1. In calculating assumed depreciation cost, the leased assets are depreciated on a straight-line basis on the assumption that the lease
term is the useful life and residual value is zero.
2. In calculating the assumed interest cost, the diffence between the total lease amount and the assumed acquisition cost is taken as
the assumed interest cost. The method of distribution over each period depends on the interest method.
(2) Finance leases
See Note 2 on P24.
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance
PAGE 35
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