Epson 2012 Annual Report Download - page 66

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65
Prior service costs 257 147 1,788
Net pension and severance costs 11,755 15,391 187,261
Contribution to defined contribution pension plan 3,613 4,153 50,529
¥15,368 ¥19,544 $237,790
In addition to the above-mentioned net pension and severance costs, additional severance costs of ¥6,239 million
($75,033 thousand), which related to specific reorganization programs, were recorded in business structure
improvement expenses for the year ended March 31, 2011.
The assumptions used for the actuarial computation of the retirement benefit obligations for the years ended
March 31, 2011 and 2012, were primarily as follows:
Year ended March 31
2011 2012
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.
Under the Japanese Companies Act, the distributions of retained earnings for a fiscal year is made by resolution
of shareholders at a general meeting to be held within three months after the balance sheet date, and accordingly
such distributions are recorded at the time of resolution.
The Company paid the following cash dividends of retained earnings to its registered shareholders at the ends of
the fiscal year and interim periods during the years ended March 31, 2011 and 2012: