Epson 2013 Annual Report Download - page 60

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59
the straight-line method over the periods of the leases, assuming no residual value.
(18) Net income per share
Net income per share is computed based on the weighted-average number of common shares outstanding
during each fiscal period.
(19) Dividends
Dividends are charged to retained earnings in the fiscal year in which they are paid after approval by
shareholders. In addition to year-end dividends, the board of directors may declare interim cash dividends
by resolution to the registered shareholders as of September 30 of each year.
4. Accounting Standards Issued but Not Yet Effective
Accounting standard for retirement benefits
On May 17, 2012, the ASBJ issued “Accounting Standard for Retirement Benefits” (ASBJ Statement No.
26) and “Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25), which
replaced the Accounting Standard for Retirement Benefits that had been issued by the Business Accounting
Council in 1998 with an effective date of April 1, 2000 and the other related practical guidance, being
followed by partial amendments from time to time through 2009.
Under the revised accounting standard, actuarial gains and losses and unrecognized prior service costs that
are yet to be recognized in profit or loss shall be recognized within net assets (accumulated other
comprehensive income), after adjusting for tax effects, and the deficit or surplus shall be recognized as a
liability (liability for retirement benefits) or asset (asset for retirement benefits). The retirement benefit
obligation can be attributed to each period either by the benefit formula basis or by the straight-line method
and the calculation method for the discount rate shall be changed.
Epson expects to apply the revised accounting standard from the fiscal year ended March 31, 2014 and
apply the revised calculation method for the projected benefit obligation and service cost from beginning of
the fiscal year ended March 31, 2015. As of March 31, 2013, the Company is in the process of measuring
the effects of applying the revised accounting standard on financial statements.
5. U.S. dollar amounts
U.S. dollar amounts presented in the accompanying consolidated financial statements and in these notes are
included solely for the convenience of readers. These translations should not be construed as
representations that the yen amounts actually represent, or have been or could be converted into U.S.
dollars at that or any other rate. As the amounts shown in U.S. dollars are for convenience only, a rate of
¥94.05 = U.S.$1, the exchange rate prevailing as of March 31, 2013, has been used.