Square Enix 2013 Annual Report Download - page 57

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55
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, 2013 Fiscal year ended March 31, 2012
(1) Retirement benefit obligation ¥(12,674) ¥(11,795)
(2) Fair value of plan assets 7,282 6,386
(3) Net unfunded obligation (1)+(2) (5,392) (5,409)
(4) Unrecognized actuarial loss 678 1,600
(5) Unrecognized amortization of prior service cost — —
(6) Provision for employees’ retirement benefits
(3)+(4)+(5)
(4,714) (3,808)
(7) Prepaid pension expenses — —
(8) Provision for employees’ retirement benefits, net (6)-(7) ¥ (4,714) ¥ (3,808)
3. Retirement benefit expenses:
Millions of yen
Fiscal year ended March 31, 2013 Fiscal year ended March 31, 2012
Retirement benefit expenses ¥1,717 ¥1,397
(1) Service cost 724 562
(2) Interest cost 125 151
(3) Expected return on plan assets (60) (75)
(4) Amortization of net actuarial gain 971 759
(5) Amortization of prior service cost (43) —
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, 2013 and
2012 amounting to ¥901 million and ¥11 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, 2013 Fiscal year ended March 31, 2012
0.636–0.990% 0.973–1.550%
Derivative Transactions
1. Derivative transactions for which hedge accounting has not been
applied
■ Year ended March 31, 2013
Not applicable
■ Year ended March 31, 2012
Not applicable
2. Derivative transactions for which hedge accounting has been applied
■ Year ended March 31, 2013
Not applicable
■ Year ended March 31, 2012
Not applicable