Epson 2012 Annual Report Download - page 65

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64
10. Retirement benefits
The Company and its Japanese subsidiaries maintain corporate defined benefit pension plans and defined
contribution pension plans covering the majority of their employees. In certain cases, additional severance costs
may be provided.
The funded status of these plans as of March 31, 2011 and 2012, were as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
2011 2012 2012
Projected benefit obligations ¥233,973 ¥238,316 $2,899,573
Plan assets at fair value 197,622 201,870 2,456,138
Unfunded status 36,351 36,446 443,435
Unrecognized items:
Actuarial gains (losses) (16,828) (14,554) (177,076)
Prior service cost reduction from plan amendment 󲧩219󲧪286 3,479
Provision for retirement benefits - net 19,303 22,178 269,838
Prepaid pension cost 1,213 1,229 14,953
Provision for retirement benefits ¥20,516 ¥23,407 $284,791
In addition to the above-mentioned provision for retirement benefits, additional severance costs of ¥5,772
million ($69,416 thousand), which related to business structure improvement, were recorded in provision for
retirement benefits as of March 31, 2011.
The composition of net pension and severance costs for the years ended March 31, 2011 and 2012, was as
follows:
Thousands of
Millions of yen U.S. dollars
Year ended
Year ended March 31 March 31,
2011 2012 2012
Service cost ¥7,744 ¥7,486 $91,081
Interest cost 6,064 6,146 74,777
Expected return on plan assets (6,263) (6,473) (78,756)
Amortization and expenses:
Actuarial losses 3,952 8,085 98,371