Canon 2003 Annual Report Download - page 66

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64
Reconciliations of beginning and ending balances of the
benefit obligations and the fair value of the plan assets are as
follows:
Thousands of
Millions of yen U.S. dollars
2003 2002 2003
Change in benefit obligations:
Benefit obligations at beginning of year ¥766,452 718,091 $7,163,103
Service cost 29,024 39,206 271,252
Interest cost 20,806 19,270 194,449
Plan participants’ contributions 2,102 3,825 19,645
Amendments (52,749) —(492,981)
Actuarial gain (3,398) (1,916) (31,757)
Benefits paid (12,484) (13,019) (116,673)
Other 2,637 995 24,644
Benefit obligations at end of year 752,390 766,452 7,031,682
Change in plan assets:
Fair value of plan assets at beginning of year 421,642 429,483 3,940,579
Actual return on plan assets 31,008 (33,813) 289,794
Employer contributions 29,944 33,661 279,851
Plan participants’ contributions 2,102 3,825 19,645
Benefits paid (12,484) (13,019) (116,673)
Other 16 1,505 150
Fair value of plan assets at end of year 472,228 421,642 4,413,346
Funded status (280,162) (344,810) (2,618,336)
Unrecognized actuarial loss 289,991 329,240 2,710,196
Unrecognized prior service cost (99,512) (52,773) (930,019)
Unrecognized net transition obligation being recognized over 22 years 4,644 4,988 43,402
Net amount recognized ¥(85,039) (63,355) $(794,757)
Amounts recognized in the consolidated balance sheets consist of:
Prepaid pension cost ¥2,515 2,664 $23,505
Accrued pension and severance cost (238,001) (285,129) (2,224,308)
Intangible assets 86 144 804
Accumulated other comprehensive income (loss), gross of tax 150,361 218,966 1,405,242
Net amount recognized ¥(85,039) (63,355) $(794,757)
Pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation ¥745,781 709,881 $6,969,916
Accumulated benefit obligation 697,711 650,339 6,520,664
Fair value of plan assets 466,970 369,777 4,364,206
CANON INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED