Konica Minolta 2012 Annual Report Download - page 38

37
20. PENSION LIABILITIES ADJUSTMENT OF OVERSEAS
SUBSIDIARIES
The pension liabilities adjustment of overseas subsidiaries results from
the accounting treatment of retirement benefi ts that affect a certain
consolidated subsidiary in the United States.
21. LEASE TRANSACTIONS
Proforma information on the Company and its domestic consolidated
subsidiaries’ fi nance lease transactions (except for those which are
deemed to transfer the ownership of the leased assets to the lessee)
and operating lease transactions is as follows:
As Lessee
(1) Finance Leases (not involving transfer of ownership commencing on
or before March 31, 2008)
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Purchase cost:
Buildings and structures ..... ¥ 6,485 ¥ 6,544 $ 78,903
Machinery and equipment .. 112 161 1,363
Tools and furniture ............. 560 1,647 6,813
Rental business-use assets — 121 —
7,157 8,475 87,079
Less: Accumulated
depreciation .................... (6,304) (7,158) (76,700)
Loss on impairment of
leased assets .................. (0) (0) (0)
Net book value .................... ¥ 852 ¥ 1,316 $ 10,366
The scheduled maturities of future lease rental payments on such
lease contracts at March 31, 2012 and 2011 are as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Due within one year ............... ¥243 ¥ 473 $ 2,957
Due over one year ............... 610 843 7,422
Total .................................. ¥853 ¥1,316 $10,378
Lease rental expenses and depreciation equivalents under the fi nance
leases which are accounted for in the same manner as operating leases
for the years ended March 31, 2012 and 2011 are as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Lease rental expenses for the period ... ¥438 ¥750 $5,329
Depreciation equivalents ...... 438 739 5,329
Depreciation equivalents are calculated based on the straight-line
method over the lease terms of the leased assets.
Accumulated loss on impairment of leased assets as of March 31,
2012 and 2011 is as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Reserve for loss .................. ¥0 ¥0 $0
Reversals of loss on impairment of leased assets for the years
ended March 31, 2012 and 2011 are as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Reversals of loss ................. ¥ — ¥11 $ —
2) Operating Leases
The scheduled maturities of future rental payments of operating
noncancelable leases as of March 31, 2012 and 2011 are as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Due within one year .............. ¥ 4,439 ¥ 4,862 $ 54,009
Due over one year ................ 11,314 10,678 137,657
Total .................................. ¥15,753 ¥15,541 $191,666
As Lessor
Operating Leases
The scheduled maturities of future rental incomes of operating
noncancelable leases as of March 31, 2012 and 2011 are as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
Due within one year .............. ¥1,616 ¥1,787 $19,662
Due over one year ................ 2,322 2,597 28,252
Total .................................. ¥3,938 ¥4,385 $47,913
22. RETIREMENT BENEFIT PLANS
The Companies have defi ned benefi t retirement plans that include
corporate defi ned benefi t pensions plans, tax-qualifi ed pension plans
and lump-sum payment plans. In addition, the Companies have defi ned
contributory pension plans. Certain overseas consolidated subsidiaries
have defi ned benefi t retirement plans and defi ned contribution
retirement plans. The Companies may pay additional retirement benefi ts
to employees at their discretion.
Additionally, the Company and certain domestic consolidated
subsidiaries contribute to a retirement benefi t trust.
The reserve for retirement benefi ts as of March 31, 2012 and 2011 is
calculated as follows:
Millions of yen
Thousands of
U.S. dollars
2012 2011 2012
a. Retirement benefi t obligations .. ¥(151,396) ¥(146,942) $(1,842,025)
b. Plan assets ......................... 97,614 94,980 1,187,663
c. Unfunded retirement benefi t
obligations (a+b)
................. (53,781) (51,962) (654,350)
d. Unrecognized actuarial
differences
.......................... 12,681 12,273 154,289
e. Unrecognized prior service costs .. (2,203) (3,421) (26,804)
f. Net amount on consolidated
balance sheets (c+d+e)
....... (43,303) (43,110) (526,865)
g. Prepaid pension costs ........ 1,242 1,623 15,111
h. Accrued retirement benefi ts (f-g) .. ¥ (44,545) ¥ (44,734) $ (541,976)
Note: Certain subsidiaries use a simplifi ed method for the calculation of benefi t
obligation.