Pentax 2006 Annual Report Download - page 59
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For the year ended March 31, 2003, the Company and certain
domestic subsidiaries dissolved the contributory funded plan and
abolished the unfunded retirement benefit plan. The remaining
balance of transitional obligation at the dissolution of the
contributory funded pension plan and the abolishment of the
unfunded retirement benefit plan was charged to income in the
year ended March 31, 2003.
No. 7 RETIREMENT BENEFITS AND PENSION PLANS
The components of net periodic benefit costs for the years ended March 31, 2006, 2005 and 2004 were as follows:
Millions of Yen Thousands of U.S. Dollars
2006 2005 2004 2006
Additional expense incurred to dissolve the contributory funded
pension plan ¥— ¥— ¥ 888 $—
Additional retirement benefits paid to employees 1,689 843 1,090 14,378
Net periodic benefit costs ¥1,689 ¥843 ¥1,978 $14,378
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.
Short-term loans at March 31, 2005 consisted of notes to banks and bank overdrafts and the annual interest rates applicable to the
short-term loans were 4.70% at March 31, 2005. There were no short-term loans at March 31, 2006.
No. 8 SHORT-TERM LOANS