Pentax 2005 Annual Report Download - page 61

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58
The Company and certain domestic subsidiaries had two types of
pension plans for employees; an unfunded retirement benefit plan
and a contributory funded pension plan. The Company and
certain domestic subsidiaries had retirement benefit plans for
directors and corporate auditors.
For the year ended March 31, 2003, the contributory funded
pension plan was dissolved and the unfunded retirement benefit
plan was abolished.
No. 9 RETIREMENT BENEFITS AND PENSION PLANS
The components of net periodic benefit costs for the years ended March 31, 2005, 2004 and 2003 were as follows:
Millions of Yen Thousands of U.S. Dollars
2005 2004 2003 2005
Service cost ¥ 1,695
Interest cost 1,234
Expected return on plan assets (1,523)
Amortization of prior service cost (122)
Recognized actuarial loss 1,781
Amortization of transitional obligation (157)
Total 2,908
Additional expense incurred to dissolve the contributory funded
pension plan ¥ 888 14,949
Additional expense incurred to abolish the unfunded retirement
benefit plan 351
Additional retirement benefits paid to employees ¥843 1,090 3,691 $7,878
Net periodic benefit costs ¥843 ¥1,978 ¥21,899 $7,878
Additional expenses incurred to dissolve the contributory
funded pension plan were loss incurred on the dissolution of the
plan for the year ended March 31, 2004 and the remaining liability
exceeding liability for retirement benefit at the dissolution of the
plan for the year ended March 31, 2003.
Additional expense incurred to abolish the unfunded retirement
benefit plan was equal to the difference between retirement ben-
efits paid to employees due to abolishment and the recorded
liability for retirement benefits.
Short-term bank loans at March 31, 2005 and 2004 consisted of notes to banks and bank overdrafts. The annual interest rates applicable to
the short-term bank loans were 4.70% at March 31, 2005 and ranged from 2.70% to 4.98% at March 31, 2004.
Long-term debt at March 31, 2004 consisted of the following:
Millions of Yen
2004
1.54% unsecured yen-denominated loans, due through 2005 ¥ 150
Other loans 1
Total 151
Less current portion (151)
Long-term bank loans, less current portion
No. 8 SHORT-TERM BANK LOANS AND LONG-TERM BANK LOANS