Square Enix 2012 Annual Report Download - page 50

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48
Notes to Consolidated Financial Statements (JPNGAAP)
Derivative Transactions
1. Derivative transactions for which hedge accounting has not been
applied
■ Year ended March 31, 2012
Not applicable
■ Year ended March 31, 2011
Not applicable
2. Derivative transactions for which hedge accounting has been
applied
■ Year ended March 31, 2012
Not applicable
■ Year ended March 31, 2011
Not applicable
Employees’ Retirement Benefits
1. Overview of employees’ 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
Fiscal year ended March 31, 2012 Fiscal year ended March 31, 2011
(1) Retirement benefit obligation ¥(11,795) ¥(11,255)
(2) Fair value of plan assets 6,386 6,209
(3) Net unfunded obligation (1)+(2) (5,409) (5,046)
(4) Unrecognized actuarial loss 1,600 1,984
(5) Unrecognized amortization of prior service cost — —
(6) Provision for employees’ retirement benefits
(3)+(4)+(5)
(3,808) (3,061)
(7) Prepaid pension expenses — —
(8) Provision for employees’ retirement benefits, net (6)-(7) ¥ (3,808) ¥ (3,061)
3. Retirement benefit expenses:
Millions of yen
Fiscal year ended March 31, 2012 Fiscal year ended March 31, 2011
Retirement benefit expenses ¥1,397 ¥1,249
(1) Service cost 562 542
(2) Interest cost 151 152
(3) Expected return on plan assets (75) (82)
(4) Amortization of net actuarial gain 759 720
(5) Amortization of prior service cost — (81)
Note: In addition to the retirement benefit expenses shown above, the Company recorded severance payments related to business restructuring for the years ended March 31, 2012 and
2011 amounting to ¥11 million and ¥75 million, respectively.
4. Assumptions used in accounting for the above plans:
(1) Periodic allocation method for projected benefits
Straight-line basis
(2) Discount rates
Fiscal year ended March 31, 2012 Fiscal year ended March 31, 2011
0.973–1.550% 1.250–1.969%