Konica Minolta 2001 Annual Report Download - page 31

Konica Corporation/ Annual Report 200 1
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2 . Operating Leases
The scheduled maturities of future lease rental payments on such lease
contracts as of March 3 1 , 2 0 0 1 and 2 0 0 0 are as follows:
Thousands of
Millions of yen U.S. dollars
2001 2 0 0 0 2001
Due within one year ................... ¥14,805 ¥15,235 $138,781
Due over one year ...................... 1 2 ,1 3 3 1 7 ,0 2 5 97,926
¥ 1 6 ,9 3 9 ¥ 2 2 ,2 6 0 $136,715
Lessor
Finance Leases
Thousands of
Millions of yen U.S. dollars
2001 2 0 0 0 2001
Leased tools & furniture:
Purchase cost .......................... ¥972 ¥ 1 ,9 1 9 $7,845
Acc umulated depreciation ....... ( 8 9 6 ) ( 1 ,5 6 4 ) (7,232)
Net book value ................................. ¥17 6 ¥1 ,355 $1,613
The scheduled maturities of future lease rental inc ome on such lease
contracts as of March 3 1 , 2 0 0 1 and 2 0 0 0 are as follows:
Thousands of
Millions of yen U.S. dollars
2001 2 0 0 0 2001
Due within one year ......................... ¥0 ,0 8 7 ¥0 , 300 $0 ,702
Due over one year ........................... — 107 —
¥0 ,0 8 7 ¥0 ,408 $0 ,702
Lease rental income
for the year ...................................... ¥ 1 ,0 3 0 ¥ 1 ,3 1 8 $8,313
Deprec iation for the year ................. 896 1,146 7 ,2 3 2
1 3 . Retir ement Benefits Plan
The Company and its subsidiaries have defined benefit retirement plans:
the plan which is governed by the Japanese Welfare Pension Insurance
Law, the tax-qualified pension plan and the lump-sum payment plan. In
addition, in some c ases when employees retire, the Company provides
for additional retirement benefits that are not in accordance with the
retirement benefit accounting.
The reserve for retirement benefits as of March 3 1 , 2 0 0 1 is analyzed
as follows:
Thousands of
Millions of yen U.S. dollars
a. Retirement benefit obligations ............................. ¥ ( 107 ,0 39 ) $( 8 6 3,9 1 4)
b. Plan assets ............................................................ 6 5,7 9 5 5 31,0 33
c. Unfunded retirement benefit obligations ( a+ b) ....... ( 4 1,2 4 3) ( 3 32,8 73)
d. Unrecognized transition amount ........................... 5 ,8 33 4 7,0 7 8
e. Unrecognized actuarial differences
............................. 5,106 41,211
f. Unrecognized prior service cost............................ — —
g.
Net amount on consolidated balance sheets ( c+ d+ e+ f) ......... ( 3 0 , 3 0 3 ) ( 2 4 4 , 5 7 6 )
h. Prepaid pension cost ............................................. 840 6 ,780
i. Ac crued retirement benefits ( g – h) ...................... ¥ ( 13 1 ,1 4 4 ) $ ( 2 5 1 , 3 6 4 )
Note: The above table includes the amounts related to the portion subject to the Japanese
Welfare Pension Insurance Law.
Net pension expense related to the retirement benefits for the year
ended March 3 1 , 2 0 0 1 is as follows:
Thousands of
Millions of yen U.S. dollars
a. Service costs ....................................................................... ¥ 5,5 9 7 $ 145,174
b. Interest costs ...................................................................... 3,283 26,497
c.
Expected return on plan assets ...... .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. ( 1 , 1 7 9 ) ( 9 ,5 1 6 )
d. Amortization of transition amount ..................................... 2 2,0 9 6 1 78 ,3 37
e.
Actuarial differences that are ac counted for as expenses........ — —
f. Prior servic e cost that are accounted for as expenses ........ — —
g. Retirement benefit costs ( a+ b+ c + d+ e+ f) ........................ ¥ 2 9,2 9 7 $ 23 6 ,457
h.
Gains on sec urities c ontribution to employees’ retirement benefit trust ..... 8,873 71,614
i. Retirement benefit costs related to unrecognized differences
arising from acc ounting c hanges, net ( h – d) ..............................
¥(13,223) $(106,723)
Assumptions used in calculation of the above information are as follows:
a. Method of attributing the retirement benefits
to periods of services Straight- line basis
b. Discount rate Mainly 3 .5 %
c. Expected rate of return on plan assets Mainly 2 .5 %
d. Amortization of unrecognized prior service cost Mainly 1 0 years
e. Amortization of unrecognized actuarial differences Mainly 10 years
f. Amortization of transition amount The Company: Fully-amortized
Subsidiaries: 5 years
1 4 . Related Party Transactions
Material transactions of the Company with its related companies and
individuals, excluding transactions with c onsolidated subsidiaries which
are eliminated in the c onsolidated financial statements and other than
those disclosed elsewhere in these financial statements, for the year
ended March 3 1 , 2 0 0 1 are as follows:
Thousands of
Millions of yen U.S. dollars
Name of related c ompany ............................................ SECONIC CORPORATION
Paid-in capital .............................................................. ¥ 1,5 0 3 $ 1 2,1 3 1
Princ ipal business .......................................................
Production & sales of copy mac hines
Equity ownership percentage by the Company............. 38 %
Description of the Company’s transaction ...................
Purchases amounts from April 2 0 00 to March 200 1 .. ¥ 3 1,5 2 6 $25 4 ,44 7
Balance of accounts payable – trade as of March 3 1 , 200 1 ..... ¥1 0,7 0 7 $ 86 ,4 16
The terms and c onditions of the above transactions are on an arm’s-length basis.
1 5 . Segment Information
Segment information is reported in ac cordance with the requirements of
the MOF. The photographic materials segment includes photographic
film, photographic paper, photofinishing equipment and chemicals,
videotapes and others. The business mac hines segment includes plain-
paper copiers, printers, facsimile machines, cameras, optical products
and others.