Wacom 2007 Annual Report Download - page 28

The accrued retirement benets for employees as of March
31, 2006 and 2007 can be analyzed as follows:
8. Research and development expenditures:
Research and development expenditures, which are
charged to income when incurred, are included in
selling, general and administrative expenses. Such
expenses amounted to ¥773,046 thousand and
¥832,344 thousand ($7,051 thousand) for the years
ended March 31, 2006 and 2007, respectively.
(1) Projected benet obligation
(2)
Unrecognized actuarial loss
(3) Accrued retirement benets
for employees (1)+(2)
(¥311,876)
18,830
(¥293,046)
(¥345,993)
14,128
(¥331,865)
($2,931)
120
($2,811)
Thousands of
U.S. dollars
Thousands of yen
2006 2007 2007
Thousands of
U.S. dollars
Thousands of yen
2006 2007 2007
(1) Service cost
(2) Interest cost
(3) Recognized actuarial loss
(4)
Net periodic pension expense
¥35,892
5,637
4,044
¥45,573
¥43,655
6,106
6,330
¥56,091
$370
52
54
$476
The components of the net periodic pension expense for
the years ended March 31, 2006 and 2007 are as follows:
Some of consolidated subsidiaries overseas have dened
contribution pension plans.
(1) Discount rate
(2)
Method of attributing the projected
benets to periods of service
(3) Amortization of unrecognized
actuarial dierences
2.0%
Straight-line
basis
Straight-line
over 5 years
2.0%
Straight-line
basis
Straight-line
over 5 years
2006 2007
The assumptions used as of March 31, 2006 and 2007 are as follows:
7. Selling, general and administrative expenses:
The major components of “Selling, general and
administrative expenses” are as follows:
Advertising expenses
Provision for allowance for
doubtful accounts
Salaries
Pension expenses
Provisions for retirement
benets of directors and
statutory corporate auditors
Provisions for bonuses to
employees
Provisions for bonuses to
directors and statutory
corporate auditors
Commission paid
Others
Total
¥1,095,727
19,573
1,904,750
64,780
63,401
442,507
–
–
4,955,659
¥8,546,397
¥1,263,232
116,577
2,212,009
82,256
40,173
526,828
29,800
1,052,158
5,140,015
¥10,463,048
$10,701
988
18,738
697
340
4,463
252
8,913
43,540
$88,632
Thousands of
U.S. dollars
Thousands of yen
Year ended March 31
2006 2007 2007
Year ended
March 31
9. Gain and loss on sale and disposal of xed
assets:
(1) Gain on sale of xed assets
Machinery, equipment and
vehicles
Tools and furniture
Total
¥880
–
¥880
¥1,333
128
¥1,461
$11
1
$12
Thousands of
U.S. dollars
Thousands of yen
Year ended March 31
2006 2007 2007
Year ended
March 31
This multi-employer pension plan does not permit us to
reasonably calculate the value of the pension plan assets
based on our contributions. As a result, this
multi-employer pension plan is excluded from the
calculation of projected benet obligation, pension assets
and net periodic pension expense. Its pension assets
calculated by the ratio of the number of members are
¥808,798 thousand and ¥983,794 thousand ($8,334
thousand) for 2006 and 2007, respectively, and
contributions to this multi-employer pension plan are
¥69,837 thousand and ¥79,931 thousand ($677 thousand)
for 2006 and 2007, respectively.
Note: This multi-employer pension plan has been
calculated based on its pension plan assets and portion
ratio of covered employees as of March 31, 2006, since its
pension plan assets could not be conrmed as of June 21,
2007, or the date for reporting of consolidated nancial
statements.
(2) Loss on sale of xed assets
Machinery, equipment and
vehicles
Tools and furniture
Software
Total
¥140
231
–
¥371
¥1,874
–
8
¥1,882
$16
–
0
$16
Thousands of
U.S. dollars
Thousands of yen
Year ended March 31
2006 2007 2007
Year ended
March 31
(3) Loss on disposal of xed
assets
Buildings and facilities
Machinery, equipment and
vehicles
Tools and furniture
Software
Total
¥1,222
170
9,841
1,056
¥12,289
¥31,285
397
8,797
–
¥40,479
$265
3
75
–
$343
Thousands of
U.S. dollars
Thousands of yen
Year ended March 31
2006 2007 2007
Year ended
March 31
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