Epson 2016 Annual Report Download - page 96
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95
(2) Schedule of Plan Assets
The schedule of the plan assets was as follows.
Epson’s major defined benefit plans are regulated by maintaining a balance between the pension obligations and
plan assets through reviewing the financial condition of the fund that affects future benefits.
Epson plans to pay contributions of ¥8,038 million ($71,334 thousand) for the year ending March 31, 2017.
(3)Schedule of Right to Reimbursement
As Epson’s major defined benefit plans are corporate defined benefit pension plans, there are no contributions from
third parties.
(4)Effect of Asset Ceiling
There was no effect from the asset ceiling.
(5) Reconciliation of Defined Benefit Obligations and Plan Assets
The reconciliation of the defined benefit obligations and plan assets to the net defined benefit liabilities or assets
recognised in the consolidated statement of financial position were as follows:
Millions of yen
Thousands of
U.S. dollars
Year ended
March 31,
Year ended
March 31,
2015 2016 2016
Balance at the beginning of the year 237,543 261,808 2,323,464
Interest income 3,807 2,972 26,384
Remeasurement
Return on plan assets 20,257 (4,993) (44,311)
Gains (losses) arising from settlements - (2,270) (20,145)
Exchange differences on translation of foreign
operations 396 (1,310) (11,643)
Contributions by the employer 7,345 7,342 65,157
Contributions by plan participants 1,223 1,177 10,445
Benefits paid (8,764) (8,119) (72,053)
Balance at the end of the year 261,808 256,606 2,277,298
Millions of yen
Thousands of
U.S. dollars
March 31, March 31,
2015 2016 2016
Funded defined benefit obligations 286,837 305,438 2,710,657
Plan assets (261,808) (256,606) (2,277,298)
Subtotal 25,029 48,831 433,359
Unfunded defined benefit obligations 6,198 6,014 53,373
Net defined benefit liabilities or assets
recognised in the consolidated statement of
financial position
31,227 54,845 486,732
Net defined benefit liabilities 31,234 54,845 486,732
Net defined benefit assets (7) - -
Net defined benefit liabilities and assets
recognised in the consolidated statement of
financial position
31,227 54,845 486,732