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38 CASIO COMPUTER CO., LTD.
11. Provision for Retirement Benefits
The liabilities for the provision for retirement benefits included in the liability section of the consolidated balance sheets at March
31, 2010 and 2009 consists of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Projected benefit obligation ............................................................................... ¥71,808 ¥69,517 $772,129
Unrecognized prior service costs ........................................................................ 7,025 7,896 75,538
Unrecognized actuarial differences ..................................................................... (17,089) (23,426) (183,753)
Less fair value of pension assets* ....................................................................... (51,753) (45,490) (556,484)
Less unrecognized net transition obligation ........................................................ —(1,170) —
Prepaid pension cost .......................................................................................... 21 51 226
Liabilities for the provision for retirement benefits ......................................... ¥10,012 ¥ 7,378 $107,656
* Including employee retirement benefit trust
Included in the consolidated statements of operations for the years ended March 31, 2010 and 2009 are provision for
retirement benefit expenses comprised of the following:
Millions of Yen
Thousands of
U.S. Dollars
2010 2009 2010
Service cost—benefits earned during the year .................................................... ¥3,565 ¥3,567 $38,333
Interest cost on projected benefit obligation ...................................................... 1,647 1,597 17,710
Expected return on plan assets ........................................................................... (1,296) (1,527) (13,935)
Amortization of prior service costs ..................................................................... (871) (871) (9,366)
Amortization of actuarial differences .................................................................. 2,295 1,474 24,677
Amortization of net transition obligation ............................................................ 1,170 1,170 12,581
Other ................................................................................................................. 163 152 1,753
Provision for retirement benefit expenses ...................................................... ¥6,673 ¥5,562 $71,753
The discount rate and the rate of expected return on plan assets used by the Group are 2.5% and 3.0% respectively in both
2010 and 2009.
The estimated amount of all retirement benefits to be paid at the future retirement date is allocated equally to each service year
using the estimated number of total service years. Actuarial gains and losses are to be recognized in expenses using the straight-line
method over 9–15 years (a certain period not exceeding the average of the estimated remaining service lives commencing with the
next period). Prior service costs are to be recognized in expenses using the straight-line method over 9–15 years (a certain period
not exceeding the average of the estimated remaining service lives).
Notes to Consolidated Financial Statements Years ended March 31, 2010 and 2009 Casio Computer Co., Ltd. and Subsidiaries