Honda 2008 Annual Report Download - page 89

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A n n u a l R e p o r t 2 0 0 8 8 7
The incremental effect of applying SFAS No. 158 at March 31, 2007, on balance sheet items is as follows:
Yen (millions)
Before
Application of
SFAS 158 Adjustments
After
Application of
SFAS 158
Other assets*1¥ 625,834 ¥ 11,347 ¥ 637,181
Total assets 12,025,153 11,347 12,036,500
Accrued expenses 847,008 (39,667) 807,341
Total current liabilities 4,327,194 (39,667) 4,287,527
Other liabilities 1,047,374 190,338 1,237,712
Total liabilities 7,280,311 150,671 7,430,982
Accumulated other comprehensive loss, net*2(287,842) (139,324) (427,166)
Total stockholder’s equity 4,621,935 (139,324) 4,482,611
*1 See note 3.
*2 The incremental effect of applying SFAS No. 158 on Accumulated other comprehensive loss, net, includes tax effect of ¥72,881 million.
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
2007 2008 2007 2008
Change in benefit obligations:
Benefit obligations at beginning of year ¥(1,133,325) ¥(1,206,419) ¥(395,416) ¥(434,757)
Service cost (42,115) (41,133) (30,492) (30,259)
Interest cost (23,809) (24,128) (22,373) (24,661)
Plan participants’ contributions ——(129) (146)
Actuarial gain (loss) (4,165) (785) 21,746 44,695
Benefits paid 31,638 39,106 3,731 4,596
Amendment ——(10) (42)
Business combination (34,643) —(906) —
Foreign exchange translation ——(10,908) 62,220
Benefit obligations at end of year ¥(1,206,419) ¥(1,233,359) ¥(434,757) ¥(378,354)
Change in plan assets:
Fair value of plan assets at beginning of year 712,331 782,835 358,075 449,467
Actual return on plan assets 36,223 (62,277) 46,161 23,780
Employer contributions 33,649 35,513 40,163 36,715
Plan participants’ contributions ——129 146
Benefits paid (31,638) (39,106) (3,731) (4,596)
Business combination 32,270 —875 —
Foreign exchange translation ——7,795 (66,410)
Fair value of plan assets at end of year ¥ 782,835 ¥ 716,965 ¥ 449,467 ¥ 439,102
Funded status ¥ (423,584) ¥ (516,394) ¥ 14,710 ¥ 60,748