Fujitsu 2013 Annual Report Download - page 135

Download and view the complete annual report

Please find page 135 of the 2013 Fujitsu annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 153

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153

Components of net periodic benefit cost
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2012 2013 2013
Service cost ¥ 40,110 ¥ 40,204 $ 427,702
Interest cost 31,795 32,074 341,213
Expected return on plan assets (26,557) (27,411) (291,606)
Amortization of unrecognized obligation for retirement benefits:
Amortization of actuarial loss 41,999 43,528 463,064
Amortization of prior service cost (18,630) (18,967) (201,777)
Contribution to defined contribution plans 501 566 6,021
Net periodic benefit cost 69,218 69,994 744,617
Loss on termination of retirement benefit plan 895 245 2,606
Total ¥ 70,113 ¥ 70,239 $ 747,223
In addition to the net periodic benefit cost stated above, extra retirement benefits of ¥6,961 million and ¥36,377 million ($386,989
thousand) were paid for the years ended March 31, 2012 and 2013, respectively.
Assumptions used in accounting for the plans
At March 31 2012 2013
Discount rate*32.5% 1.7%
Expected rate of return on plan assets 2.9% 2.9%
Method of allocating actuarial loss Straight-line method over the employees’
average remaining service period
Straight-line method over the employees’
average remaining service period
Method of allocating prior service cost Straight-line method over 10 years Straight-line method over 10 years
*3 The discount rate used for the calculation of projected benefit obligation at the beginning of the year ended March 31, 2013 was 2.5%. However the discount rate
was revised to 1.7% as of March 31, 2013 based on the Group’s judgment that, as a result of the revaluation of the discount rate based on the market yield at the
year end, the change of discount rate has made significant impact on the amounts of projected benefit obligation.
133
FUJITSU LIMITED ANNUAL REPORT 2013
FACTS & FIGURES