Sharp 2013 Annual Report Download - page 58

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56 SHARP CORPORATION
As of March 31, 2013, a part of the above-mentioned collat-
eral assets is pledged as collateral of ¥50,000 million ($537,634
thousand), which was not provided, out of maximum ¥180,000
million ($1,935,484 thousand) of uncommitted credit facility un-
der loan contract of September 27, 2012.
In relation to TFT-LCD business, the Company and some of
its subsidiaries are currently subject to the investigations being
conducted by the Directorate General for Competition of the
European Commission etc., and civil lawsuits seeking monetary
damages resulting from the alleged anticompetitive behavior
have been filed against the Company and some of its subsidiar-
In addition, ¥7,798 million and ¥2,684 million ($28,860 thou-
sand) investments in nonconsolidated subsidiaries and affiliates
for the years ended March 31, 2012 and 2013, respectively, are
pledged as collateral of ¥20,117 and ¥20,393 million ($219,280
thousand) long-term borrowings of affiliates.
ies in North America and Europe. The Company received a cease
and desist order and an administrative surcharge payment order
from the Japan Fair Trade Commission. However, the Company
has submitted a complaint to the Japan Fair Trade Commission,
which is currently pending.
As of March 31, 2011, 2012 and 2013, the Company and its consolidated subsidiaries had contingent liabilities as follows:
Allowance for severance and pension benefits of the Company and its domestic consolidated subsidiaries as of March 31, 2011, 2012
and 2013 consisted of the following:
In addition, allowances for severance and pension benefits of ¥2,845 million as of March 31, 2011, ¥4,235 million as of March
31, 2012 and ¥4,833 million ($51,968 thousand) as of March 31, 2013, respectively were provided by certain overseas consolidated
subsidiaries.
11. Contingent Liabilities
12. Employees’ Severance and Pension Benefits
Yen
(millions)
U.S. Dollars
(thousands)
2011 2012 2013 2013
Loans guaranteed ¥ 28,647 ¥ 27,349 ¥ 23,103 $ 248,419
¥ 28,647 ¥ 27,349 ¥ 23,103 $ 248,419
Yen
(millions)
U.S. Dollars
(thousands)
2011 2012 2013 2013
Projected benefit obligation ¥ 353,413 ¥ 348,986 ¥ 329,085 $ 3,538,548
Less - fair value of plan assets (282,757) (268,758) (224,509) (2,414,075)
Less - unrecognized actuarial losses (123,995) (129,560) (145,344) (1,562,839)
Unrecognized prior service costs 26,049 23,122 20,059 215,688
Prepaid pension cost 29,063 27,975 22,377 240,613
Allowance for severance and pension benefits ¥ 1,773 ¥ 1,765 ¥ 1,668 $ 17,935
Financial Section