Honda 2007 Annual Report Download - page 101

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99
Reconciliations of beginning and ending balances of the pension benefit obligations and the fair value of the plan assets are as
follows:
Yen (millions)
Japanese plans Foreign plans
2006 2007 2006 2007
Change in benefit obligations:
Benefit obligations at beginning of year ¥(1,641,593) ¥(1,133,325) ¥(301,379) ¥(395,416)
Service cost (41,271) (42,115) (25,121) (30,492)
Interest cost (31,788) (23,809) (18,838) (22,373)
Plan participants’ contributions (94) —(111) (129)
Actuarial gain (loss) 9,198 (4,165) (22,421) 21,746
Benefits paid 33,957 31,638 2,949 3,731
Amendment 20,652 —(1,584) (10)
Transfer of the substitutional portion 517,614 ———
Business combination — (34,643) —(906)
Foreign exchange translation — —(28,911) (10,908)
Benefit obligations at end of year (1,133,325) (1,206,419) (395,416) (434,757)
Change in plan assets:
Fair value of plan assets at beginning of year 842,542 712,331 257,165 358,075
Actual return on plan assets 98,450 36,223 27,240 46,161
Employer contributions 37,687 33,649 49,912 40,163
Plan participants’ contributions 94 —111 129
Benefits paid (33,957) (31,638) (2,949) (3,731)
Transfer of the substitutional portion (232,485) ———
Business combination — 32,270 —875
Foreign exchange translation — —26,596 7,795
Fair value of plan assets at end of year 712,331 782,835 358,075 449,467
Funded status (420,994) (423,584) (37,341) 14,710
Unrecognized actuarial loss (gain) 354,172 —100,047 —
Unrecognized net transition obligations 3,733 —317 —
Unrecognized prior service cost (benefit) (75,797) —8,345 —
Net amount recognized (138,886) —71,368 —
Adjustments to recognize additional minimum liabilities
(notes 10 and 15):
Intangible assets — —(316) —
Amount included in accumulated other comprehensive
income (loss) (171,158) —(299) —
Amounts recognized in the consolidated balance sheets are as follows:
Yen (millions)
Japanese plans Foreign plans
2006 2007 2006 2007
Noncurrent assets ¥(00000—.¥(0,003,283 ¥075,367 ¥(051,000
Current liabilities (33,281) (5,272) (3,999) (6)
Noncurrent liabilities (276,763) (421,595) (615) (36,284)
Total (310,044) (423,584) 70,753 14,710