Konica Minolta 2013 Annual Report Download - page 43

42
As Lessor
Operating Leases
The scheduled maturities of future rental incomes of operating
noncancelable leases as of March 31, 2013 and 2012 are as follows:
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
Due within one year ............. ¥2,092 ¥1,616 $22,243
Due over one year ............... 2,832 2,322 30,112
Total .................................. ¥4,924 ¥3,938 $52,355
23. Retirement Benefi t 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 retirement benefi t trusts.
The reserve for retirement benefi ts as of March 31, 2013 and 2012 is
calculated as follows:
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
a. Retirement benefi t
obligations ....................... ¥(168,817) ¥(151,396) $(1,794,971)
b. Plan assets ...................... 109,085 97,614 1,159,862
c. Unfunded retirement benefi t
obligations (a+b) ............... (59,731) (53,781) (635,098)
d. Unrecognized actuarial
differences....................... 18,214 12,681 193,663
e. Unrecognized prior service
costs ............................... (987) (2,203) (10,494)
f. Net amount on consolidated
balance sheets (c+d+e) ....... (42,504) (43,303) (451,930)
g. Prepaid pension costs ....... 1,249 1,242 13,280
h. Accrued retirement benefi ts
(f-g) ................................. ¥ (43,754) ¥ (44,545) $ (465,221)
Note: Certain subsidiaries use a simplifi ed method for the calculation of benefi t
obligation.
Net retirement benefi t costs for the years ended March 31, 2013 and
2012 are as follows:
Millions of yen
Thousands of
U.S. dollars
2013 2012 2013
a. Service costs ................... ¥ 4,597 ¥ 4,973 $ 48,878
b. Interest costs ................... 3,885 3,981 41,308
c. Expected return on plan
assets ............................. (2,196) (2,084) (23,349)
d. Amortization of actuarial
differences....................... 1,739 2,089 18,490
e. Amortization of prior service
costs ............................... (1,234) (1,222) (13,121)
f. Retirement benefi t costs
(a+b+c+d+e) ..................... 6,793 7,738 72,228
g. Gain/loss on changing to
the defi ned contribution
pension plan .................... 0 —0
h. Contributions to defi ned
contribution pension plans
... 3,492 3,278 37,129
Total (f+g+h)......................... ¥10,285 ¥11,017 $109,357
Note: Retirement benefi t costs of consolidated subsidiaries using a simplifi ed
method are included in ‘a. Service costs.’
Assumptions used in the calculation of the above information for the
main schemes of the Company and its domestic consolidated
subsidiaries are as follows:
2013 2012
Method of attributing retirement
benefi ts to periods of service
Periodic allocation
method for
projected benefi t
obligations
Periodic allocation
method for
projected benefi t
obligations
Discount rate Mainly 1.7% Mainly 2.5%
Expected rate of return on plan assets Mainly 1.25% Mainly 1.25%
Amortization of unrecognized
prior service costs Mainly 10 years Mainly 10 years
Amortization of unrecognized
actuarial differences Mainly 10 years Mainly 10 years