Epson 2010 Annual Report Download - page 58

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57
The funded status of these plans at March 31, 2009 and 2010, was as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
2009 2010 2010
Projected benefit obligations ¥219,094 ¥229,649 $2,468,282
Plan assets at fair value 171,621 193,268 2,077,257
Unfunded status 47,473 36,381 391,025
Unrecognized items:
Actuarial gains (losses) (36,086) (17,081) (183,609)
Prior service cost reduction from plan amendment (734) (476) (5,116)
Provision for retirement benefits - net 10,653 18,822 202,300
Prepaid pension cost 2,313 1,186 12,747
Provision for retirement benefits ¥12,966 ¥20,008 $215,047
The composition of net pension and severance costs for the years ended March 31, 2009 and 2010, was as
follows:
Thousands of
Millions of yen U.S. dollars
Year ended
Year ended March 31 March 31,
2009 2010 2010
Service cost ¥8,050 ¥8,257 $88,747
Interest cost 5,751 5,944 63,886
Expected return on plan assets (6,895) (5,720) (61,478)
Amortization and expenses:
Actuarial losses 2,155 6,999 75,225
Prior service costs (2,077) 257 2,762
Net pension and severance costs 6,985 15,737 169,142
Contribution to defined contribution pension plan 3,542 3,581 38,499
¥10,528 ¥19,319 $207,641
The assumptions used for the actuarial computation of the retirement benefit obligations for the years ended
March 31, 2009 and 2010, were primarily as follows:
Year ended March 31
2009 2010
Discount rate 2.5% 2.5%
Long-term rate of return on plan assets 3.2 3.2
11. Net assets
The Japanese Companies Act stipulates that an amount equal to 10% of dividends shall be distributed as
additional paid-in capital or legal reserve on the date of distribution until an aggregated amount of additional
paid-in capital and legal reserve equals 25% of common stock.
Under the Japanese Companies Act, distributions can be made at any time by resolution of the shareholders, or
by the board of directors if certain conditions are met.