Olympus 2002 Annual Report Download - page 36

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34
The aggregate annual maturities of long-term debt subsequent to March 31, 2002, are as follows:
Thousands of
Millions of yen U.S. dollars
2003............................................................................................................................................ ¥ 25,259 $ 202,072
2004............................................................................................................................................ 39,165 313,320
2005............................................................................................................................................ 2,514 20,112
2006............................................................................................................................................ 30,004 240,032
2007............................................................................................................................................ 25,748 205,984
Thereafter ................................................................................................................................... 5,916 47,328
Total ................................................................................................................................. ¥128,606 $1,028,848
7. NOTES AND ACCOUNTS PAYABLE
Notes and accounts payable as of March 31, 2002 and 2001, consisted of the following:
Thousands of
Millions of yen U.S. dollars
2002 2001 2002
Unconsolidated subsidiaries and affiliates .......................................................................... ¥37 ¥ 44 $ 296
Trade .................................................................................................................................... 55,954 71,491 447,632
¥55,991 ¥71,535 $447,928
8. SEVERANCE AND RETIREMENT ALLOWANCE
As explained in “Note 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES”, effective April 1, 2000, the Company
and its consolidated subsidiaries adopted the accounting standard for employees’ severance and retirement benefits, under which
the liabilities and expenses for severance and retirement benefits are determined based on the amounts obtained by actuarial calcu-
lations.
The liabilities for severance and retirement benefits included in the liability section of the consolidated balance sheet as of
March 31, 2002 and 2001, consist of the following:
Thousands of
Millions of yen U.S. dollars
2002 2001 2002
Projected benefit obligation ................................................................................................. ¥94,326 ¥84,432 $ 754,608
Unrecognized prior service costs ....................................................................................... 4,107 1,724 32,856
Unrecognized actuarial difference..................................................................................... (23,044) (14,143) (184,352)
Fair value of pension assets................................................................................................ (60,551) (59,224) (484,408)
Unrecognized net transition obligation ............................................................................ (4,669) (6,226) (37,352)
Prepaid pension expense.................................................................................................... —50 —
Allowance for employees’ severance and retirement benefits.............................................. ¥10,169 ¥ 6,613 $ 81,352
Severance and retirement allowance for directors ............................................................. ¥ 1,118 ¥ 1,281 $ 8,944
Total severance and retirement allowance ........................................................................... ¥11,287 ¥ 7,894 $ 90,296