Isuzu 2016 Annual Report Download - page 30

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Isuzu Motors Limited
2016 2015
Debt securities
Equity securities
Cash and deposits
Life insurance company general accounts
Other assets
Total
*“Other assets” includes alternative investments
Ratio
Changes in plan assets:
2016 2015 2016
Plan assets at beginning of the year
Expected return on plan assets
Actuarial gain on plan assets
Employer’s contributions
Benefit paid during the current fiscal year
Others
Plan assets at end of the year
[Remarks]
*Plan assets in certain subsidiaries calculated by the simplified method are included.
2016 2015 2016
Prior service cost
Actuarial loss
Total
2016 2015 2016
Unrecognized prior service cost
Unrecognized actuarial loss
Total
(2) The reconciliation between beginning and ending balance of plan
assets
(5) Adjustment to retirement benefit (before tax effects)
(6) Items recorded to accumulated other comprehensive income,
re-measurements of defined benefit plans (before related tax effects)
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
¥ 74,933
985
(3,100)
8,110
(2,924)
(507)
¥ 77,497
¥ 19
(325)
¥ (306)
¥ 1,046
16,951
¥ 17,998
¥ 63,136
2,285
4,872
8,174
(4,215)
680
¥ 74,933
¥ 47
5,733
¥ 5,780
¥ 1,065
17,212
¥ 18,278
$ 665,008
8,749
(27,513)
71,976
(25,953)
(4,505)
$ 687,763
$ $170
(2,887)
$ (2,717)
$ 9,289
150,442
$ 159,731
(7) Allocation of plan assets
1) In order to determine the expected long-term rate of return on assets,
were considered the current and expected future allocation of the pension
assets and the variety of the properties constituting the pension assets.
29%
37%
3%
20%
11%
100%
32%
28%
5%
27%
8%
100%
2. Defined contribution pension plans as of March 31, 2015 and 2016
are as follows:
Required contributions of certain subsidiaries to defined contribution
pension plans were ¥380 million ($3,379 thousands) as of March 31,
2016, and ¥377 million ($3,351 thousands) as of March 31, 2015.
2) Determination of expected long-term rate of return on assets
To determine expected long-term rate of return on assets of pension
plan, the company also takes into consideration the allocation of present
and future pension assets and long-term rate of return on assets for
present and future expected by various assets which consist pension plan.
2016 2015 2016
Projected benefit obligation
under funded schemes
Plan assets
Projected benefit obligation
under non-funded schemes
Asset and liability on the consolidated
balance sheet, net
Net defined benefit liability
Net defined benefit assets
Net liability for retirement benefits
on the balance sheet
[Remarks]
*Plan assets and projected benefit obligations in certain subsidiaries calculated by the
simplified method are included.
(3) The reconciliation between ending balance of projected benefit
obligation and plan assets and those balances on consolidated
balance sheet as of March 31, 2016 and 2015
Thousands of
Millions of yen U.S. dollars
¥ 107,974
(77,497)
30,477
72,066
¥ 102,544
102,911
(367)
¥ 102,544
¥ 106,751
(74,933)
31,818
70,116
¥ 101,934
101,963
(29)
¥ 101,934
$ 958,243
(687,763)
270,480
639,566
$ 910,047
913,309
(3,262)
$ 910,047
2016 2015 2016
Service cost
Interest cost on projected benefit obligation
Expected return on plan assets
Amortization of actuarial net loss
Amortization of prior service cost
Net retirement benefit cost
to defined benefit plans
[Remarks]
*Retirement benefit cost in certain subsidiaries calculated by the simplified method are
included.
(4) Breakdown of retirement benefit cost
Thousands of
Millions of yen U.S. dollars
¥ 7,841
2,087
(985)
4,465
19
¥ 13,427
¥ 6,938
1,987
(2,285)
4,022
47
¥ 10,710
$ 69,591
18,530
(8,749)
39,626
170
$ 119,168
2016 2015
Discount rates
Expected long-term return rates on plan assets
Expected rate of pay raises
(8) Actuarial assumptions used to determine costs and obligations for
retirement benefits (weighted average)
1.3%
2.4%
3.9%
1.2%
2.4%
4.0%