Square Enix 2009 Annual Report Download - page 41

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2. Retirement benefit obligation:
Millions of yen
Retirement benefit obligation ¥(11,343)¥(11,343)(11,343)11,343)
Fair value of plan assets 8,8308,830
Net unfunded obligation (2,513)2,513)
Unrecognized prior service cost (805)805)
Unrecognized actuarial loss 1,7901,790
Allowance for retirement benefits ¥¥ (1,528)1,528)
3. Retirement benefit expenses:
Millions of yen
Service cost ¥ 509¥ 509
Interest cost 180180
Expected return on plan assets (158)158)
Amortization of prior service cost (333)333)
Amortization of net actuarial gain (201)201)
Retirement benefit expenses ¥¥ (3)
4. Assumptions used in accounting for the above plans:
Periodic allocation method for projected benefits Straight-line basis
Discount rates 1.700%–2.026%
Expected rate of return on plan assets 1.700%
Period over which prior service cost is amortized 1–5 years
Period over which net actuarial gain or loss
is amortized 1–5 years
• Year ended March 31, 2009
1. Overview of retirement benefit plan
The Company and its domestic consolidated subsidiaries have a
lump-sum retirement payment plan in accordance with their
internal bylaws.
The projected benefits are allocated to periods of service on
a straight-line basis. The Company’s domestic consolidated
subsidiaries apply a simplified method in the calculation of the
retirement benefit obligations. In addition, certain of the
Company’s overseas subsidiaries maintain defined contribution
retirement pension plans.
2. Retirement benefit obligation:
Millions of yen
Retirement benefit obligation ¥(12,003)¥(12,003)(12,003)12,003)
Fair value of plan assets 6,8586,858
Net unfunded obligation (5,145)5,145)
Unrecognized prior service cost (472)472)
Unrecognized actuarial loss 3,9733,973
Allowance for retirement benefits ¥¥ (1,644)1,644)
3. Retirement benefit expenses:
Millions of yen
Service cost ¥ 518¥ 518
Interest cost 197197
Expected return on plan assets (144)144)
Amortization of prior service cost (333)333)
Amortization of net actuarial gain 244244
Retirement benefit expenses ¥ 482¥ 482
4. Assumptions used in accounting for the above plans:
Periodic allocation method for projected benefits Straight-line basis
Discount rates 1.300–2.099%
Expected rate of return on plan assets 1.300%
Period over which prior service cost is amortized 1–5 years
Period over which net actuarial gain or loss
is amortized 1–5 years
Stock Options
• Year ended March 31, 2008
1. Expense items and amounts during the fiscal year related to
stock options:
Cost of sales ¥ 6 million
Selling, general and administrative
expenses 67 million
39