Konica Minolta 2006 Annual Report Download - page 48

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2) Operating Leases
The scheduled maturities of future operating lease rental
payments as of March 31, 2006 and 2005 are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2006 2005 2006
Due within one year ¥ 5,350 ¥ 9,668 $ 45,544
Due over one year 11,670 21,036 99,345
Total ¥17,021 ¥30,705 $144,897
Lessor
1) Finance Leases
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2006 2005 2006
Leased rental
business-use assets:
Purchase cost ¥22,569 ¥ 20,345 $192,126
Less: Accumulated
depreciation (14,830) (13,060) (126,245)
Net book value ¥7,738 ¥ 7,284 $65,872
The scheduled maturities of future finance lease rental
income as of March 31, 2006 and 2005 are as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2006 2005 2006
Due within one year ¥3,780 ¥3,379 $32,178
Due over one year 4,236 4,484 36,060
Total 8,017 7,863 68,247
Lease rental income
for the year 4,496 5,054 38,274
Depreciation for the year ¥4,174 ¥4,271 $35,532
2) Operating Leases
The scheduled maturities of future lease rental income on
such lease contracts as of March 31, 2006 and 2005 are as
follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2006 2005 2006
Due within one year ¥3,045 ¥3,094 $25,922
Due over one year 2,690 1,575 22,899
Total ¥5,735 ¥4,669 $48,821
14. Retirement Benefit Plans
The Companies have defined benefit retirement plans that
include corporate defined benefit pensions plans (CDBPs),
which are governed by the Japanese Welfare Pension
Insurance Law, tax-qualified pension plans and lump-sum
payment plans. In addition, the Company may pay additional
retirement benefits to employees at its discretion.
The Company and certain of its consolidated sub-
sidiaries recently changed their retirement plans, which are
summarized as follows.
On April 1, 2003, Konica’s tax-qualified benefit plan was
transferred to a CDBP.
On April 30, 2003, a portion of the Konica lump-sum
payment plan was transferred to a defined contribution pen-
sion plan.
On February 1, 2004, the Ministry of Health, Labour and
Welfare permitted the substitutional portion of the Konica
Welfare Pension Fund to be returned to the government,
and the remaining portion of the Fund was integrated into
a CDBP.
On March 1, 2004, the Ministry of Health, Labour and
Welfare permitted that the substitutional portion of the Minolta
Welfare Pension Fund be returned to the government, and
the remaining portion of the Fund be integrated into a
CDBP. A portion of the Minolta lump-sum payment plan was
transferred to a CDBP on the same date.
On April 1, 2004, a portion of the Minolta lump-sum
payment plan was transferred to a defined contribution
pension plan.
The reserve for retirement benefits as of March 31, 2006
and 2005 is analyzed as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31
2006 2005 2006
a. Retirement benefit
obligations ¥(154,221) ¥(142,123) $(1,312,854)
b. Plan assets 108,320 76,808 922,108
c. Unfunded retirement
benefit obligations
(a+b) (45,901) (65,315) (390,747)
d. Unrecognized
actuarial differences (5,572) 14,638 (47,433)
e. Unrecognized
prior service costs (11,768) (10,345) (100,179)
f. Net amount on
consolidated
balance sheets
(c+d+e) (63,241) (61,022) (538,359)
g. Prepaid pension
costs 1,627 2,021 13,850
h. Accrued retirement
benefits (f-g) ¥ (64,869) ¥ (63,044) $ (552,218)
Notes: 1. Certain subsidiaries use a simplified method for the calcu-
lation of benefit obligation.