Isuzu 2005 Annual Report Download - page 26

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Isuzu Motors Limited Annual Report 2005
Non-marketable securities classified as other securities at March 31, 2005 amounted to ¥2,239 million ($20,856 thousands).
The redemption schedule for bonds with maturity dates at March 31, 2005 was summarized as follows:
Thousands of
Millions of yen U.S. dollars
1.59% straight bonds due 2010
3.3% Guaranteed debentures of Isuzu Motors Co.,
(Thailand) Ltd. No.1/2547 due 2007
Bonds with warrant attached (*)
Loans
Less: current portion
—$28—¥3
$ 93,118
24,535
521,463
2,682,225
$ 550,216
$ 2,771,127
¥ 10,000
2,634
56,000
288,044
¥ 59,087
¥ 297,591
The Company issued 2nd Series Unsecured Convertible Bonds in fiscal
year 2005. The Company has redeemed all of these bonds before ma-
turity in June 17, 2005.
The annual maturities of long-term debt at March 31, 2005 are as
follows:
The assets pledged as collateral for certain loans and other liabilities
at March 31, 2005 were as follows:
5. Retirement Benefits Obligation and Pension Plan
(1) R etirement benefits obligation as of March 31, 2005
From September 1, 2003, The Company amended the Employee
Pension Fund to establish the cash balance pension plan.
(2) Retirement benefit cost for the year ended March 31, 2005.
(3) Actuarial assumptions used to determine costs and obligations for
retirement.
Thousands of
Planned maturity date Millions of yen U.S. dollars
Due after 1 year within 2 years
Due after 2 years within 3 years
Due after 3 years within 4 years
Thereafter
Total
$ 1,006,920
468,064
382,188
913,954
$ 2,771,127
¥ 108,133
50,265
41,043
98,149
¥ 297,591
Thousands of
Millions of yen U.S. dollars
Cash and time deposits
Notes and accounts receivable
Building and structures
Machinery and equipment
Land
Securities
Others
$ 23,889
294,741
644,232
385,039
2,031,762
22,213
6,973
¥ 2,565
31,652
69,184
41,349
218,191
2,385
748
Thousands of
Millions of yen U.S. dollars
Service cost
Interest cost on projected benefit obligation
Expected return on plan assets
Amortization of actuarial net loss (gain)
Amortization of prior service cost
Net periodic pension cost
Thousands of
Millions of yen U.S. dollars
Projected benefits obligation
at end of the year
Fair value of plan assets
Accrued retirement and
severance benefits on balance sheets
Net
Unrecognized actuarial net loss
¥ (112,300)
27,161
60,057
¥ (25,081)
¥ (25,081)
$(1,045,723)
252,922
559,243
$ (233,557)
$ (233,557)
$ 17,980
19,609
(3,077)
59,867
(16,104)
$ 78,274
¥ 1,930
2,105
(330)
6,429
(1,729)
¥ 8,405
2005
Discount rate
Expected rate of return on plan assets
Recognition period of prior service cost
Amortization period of actuarial net loss (gain)
Amortization period of net obligation
arising from accounting changes
2.3%
1.5~2.5%
1 year
10 years
1 year
4. Long-Term Debt
Long-term debt at March 31, 2005 were as follows:
Millions of yen Thousands of U.S. dollars
Due in one Due in one
year or less Due after one year year or less Due after one year
Corporate bonds