Casio 2014 Annual Report Download - page 34

Millions of Yen
Thousands of
U.S. Dollars
2014 2013 2014
Deferred tax liabilities:
Valuation difference on available-for-sale securities (3,587) (2,226) (34,825)
Retained earnings of overseas subsidiaries (2,157) —(20,942)
Unrealized holding gain (1,506) (1,651) (14,622)
Reserve for advanced depreciation of non-current assets (92) (96) (893)
Other (66) (64) (641)
Total deferred tax liabilities (7,408) (4,037) (71,923)
Net deferred tax assets ¥ 13,090 ¥ 20,128 $ 127,087
(3) Adjustments of amount of deferred tax assets and liabilities for enacted changes in tax laws and rates
The “Act Regarding Revision of Part of the Income Tax Act, etc.” was issued on March 31, 2014, and
the special corporate tax for reconstruction ceased to be levied from years starting on or after April 1,
2014. In accordance with this revision, the effective statutory tax rates that are used to measure deferred
tax assets and deferred tax liabilities, have been reduced to 35.6% from the 38.0% of the previous fiscal
year, in light of the temporary difference that is expected to be annulled in the year starting on April 1,
2014. As a result, the amount of net deferred tax assets was decreased by ¥475 million ($4,612 thou-
sand), and income tax—deferred was increased by ¥473 million ($4,592 thousand).
10. Retirement Benefits
For 2014
(1) Defined benefit plan (Accounting treatment of the defined benefit plan, including the corporate pension
plan of multiple employer plan)
1) Movement in projected benefit obligation (except plans applied simplified method)
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Projected benefit obligation at beginning of period ¥48,929 $475,039
Service cost 1,640 15,922
Interest cost 938 9,107
Actuarial differences accrued (1,058) (10,272)
Benefits paid (1,981) (19,233)
Other 357 3,466
Projected benefit obligation at end of period ¥48,825 $474,029
2) Movements in pension plan assets
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Pension plan assets at beginning of period ¥52,546 $510,155
Expected return on pension plan assets 1,711 16,612
Actuarial differences accrued 3,515 34,126
Contributions paid by the employer 1,671 16,223
Benefits paid (1,980) (19,223)
Other 265 2,573
Pension plan assets at end of period ¥57,728 $560,466
3) Movement in net defined benefit liability for plans applied the simplified method
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Net defined benefit liability at beginning of period ¥ 129 $ 1,252
Retirement benefit expenses 231 2,243
Benefits paid (31) (301)
Contributions paid by the employer (205) (1,990)
Other 18 175
Net defined benefit liability at end of period ¥ 142 $ 1,379
4) Reconciliation from projected benefit obligation and pension plan assets to liability (asset) for retire-
ment benefits
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Funded projected benefit obligation ¥53,029 $514,845
Pension plan assets (61,945) (601,408)
(8,916) (86,563)
Unfunded projected benefit obligation 155 1,504
Total net liability (asset) for retirement benefits
recorded on the consolidated balance sheets (8,761) (85,059)
Net defined benefit liability 860 8,349
Net defined benefit asset (9,621) (93,408)
Total net liability (asset) for retirement benefits
recorded on the consolidated balance sheets (8,761) (85,059)
(Note): Including plans applied the simplified method.
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance
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