Epson 2015 Annual Report Download - page 91
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90
(2) Schedule of Plan Assets
The schedule of the plan assets was as follows.
Epson’ s major defined benefit plans are regulated by maintaining a balance between the pension obligations and
plan assets through reviewing the financial condition of the fund that affects future benefits.
Epson plans to pay contributions of ¥7,784 million ($64,774 thousand) for the year ending March 31, 2016.
(3) Schedule of Right to Reimbursement
As Epson’s major defined benefit plans are corporate defined benefit pension plans, there are no contributions from
third parties.
(4) Effect of Asset Ceiling
There was no effect from the asset ceiling.
(5) Reconciliation of Defined Benefit Obligations and Plan Assets
The reconciliation of the defined benefit obligations and plan assets to the net defined benefit liabilities or assets
recognised in the consolidated statement of financial position were as follows:
Millions of yen
Thousands of
U.S. dollars
Year ended
March 31,
Year ended
March 31,
2014
2015
2015
Balance at the beginning of the year
218,116
237,543
1,976,724
Interest income
3,362
3,807
31,672
Remeasurement
Return on plan assets
11,472
20,257
168,569
Exchange differences on translation of foreign
operations
2,339 396 3,313
Contributions by the employer
11,948
7,345
61,121
Contributions by plan participants
1,647
1,223
10,177
Benefits paid
(11,343)
(8,764)
(72,930)
Balance at the end of the year
237,543
261,808
2,178,646
Millions of yen
Thousands of
U.S. dollars
March 31,
March 31,
2014
2015
2015
Funded defined benefit obligations
288,220
286,837
2,386,925
Plan assets
(237,543)
(261,808)
(2,178,646)
Subtotal
50,676
25,029
208,279
Unfunded defined benefit obligations
5,675
6,198
51,578
Net defined benefit liabilities or assets
recognised in the consolidated statement of
financial position
56,351 31,227 259,857
Net defined benefit liabilities
56,362
31,234
259,915
Net defined benefit assets
(10)
(7)
(58)
Net defined benefit liabilities and assets
recognised in the consolidated statement of
financial position
56,351 31,227 259,857