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The profits and losses related to retirement benefits for the year ended March 31, 2013
were as follows:
Millions of yen
For the years ended March 31 2013
Service cost ¥10,530
Interest cost 5,477
Expected return on plan assets (3,517)
Net actuarial loss amortization 8,798
Past service costs amortization (2,570)
Severance and retirement benefit expenses ¥18,718
Note: For the year ended March 31, 2013, the discount rate was primarily 1.4% and the rate of expected return on plan
assets was primarily 1.5%.
For the year ended March 31, 2013, accrued pension costs related to defined contribution plans was charged to
income as ¥2,332 million. This cost is not included in the above.
(2) Detailed notes relating to defined benefit plan for the year ended March 31, 2014
Reconciliations of beginning and ending balances of the retirement benefit obligations and
the plan assets for the year ended March 31, 2014 were as follows:
Millions of yen
Thousands of
U.S. dollars
2014 2014
Movements in retirement benefit obligations:
Balance at beginning of year ¥300,322 $2,915,748
Service cost 10,417 101,136
Interest cost 4,694 45,573
Actuarial gains/(losses) 6,819 66,204
Benefits paid (16,311) (158,359)
Past service costs (7,456) (72,388)
Other 3,134 30,427
Balance at end of year ¥301,619 $2,928,341
Millions of yen
Thousands of
U.S. dollars
2014 2014
Movements in plan assets:
Balance at beginning of year ¥210,382 $2,042,544
Expected return on plan assets 4,157 40,359
Actuarial gains/(losses) 13,442 130,505
Contributions paid by the employer 17,011 165,155
Benefits paid (12,671) (123,019)
Other 1,195 11,602
Balance at end of year ¥233,516 $2,267,146
The reconciliation of the retirement benefit obligations and plan assets to the liability
and asset for retirement benefits recognized in the consolidated balance sheets of March
31, 2014 were as follows:
Millions of yen
Thousands of
U.S. dollars
2014 2014
Funded retirement benefit obligations ¥ 288,762 $ 2,803,515
Plan assets (233,516) (2,267,146)
Subtotal 55,246 536,369
Unfunded retirement benefit obligations 12,857 124,825
Total net liability (asset) for retirement benefits recognized in
consolidated balance sheets 68,103 661,194
Liability for retirement benefits 70,149 681,058
Asset for retirement benefits (2,046) (19,864)
Total net liability (asset) for retirement benefits recognized in
consolidated balance sheets ¥ 68,103 $ 661,194
The profits and losses related to retirement benefits for the year ended March 31, 2014
were as follows:
Millions of yen
Thousands of
U.S. dollars
2014 2014
Service cost ¥10,417 $101,136
Interest cost 4,694 45,573
Expected return on plan assets (4,157) (40,359)
Net actuarial loss amortization 8,413 81,680
Past service costs amortization (2,637) (25,602)
Other 770 7,476
Severance and retirement benefit expenses ¥17,500 $169,904
Note: For the year ended March 31, 2014, accrued pension costs related to defined contribution plans were charged to income as ¥3,397 million
($32,981 thousand). This cost is not included in the above.
55
Mazda Annual Report 2014
CONTENTS
Foundations Underpinning
Sustainable Growth
Financial Section
Review of Operations
Message from Management
Introduction
Brand Value Management