Fujitsu 2014 Annual Report Download - page 147

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Components of net periodic benefit cost
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2013 2014 2014
Service cost*5¥ 40,204 ¥ 44,803 $ 434,981
Interest cost 32,074 23,359 226,786
Expected return on plan assets (27,411) (30,691) (297,971)
Amortization of actuarial gains and losses 43,528 44,374 430,816
Amortization of past service cost (18,967) (18,213) (176,825)
Net periodic benefit cost 69,428 63,632 617,786
Loss on termination of retirement benefit plan 245 3,972 38,563
Total ¥ 69,673 ¥ 67,604 $ 656,350
*5 Service cost includes net periodic benefit costs related with multi-employer plans.
In addition to the net periodic benefit cost stated above, contributions to defined contribution plans of ¥566 million and ¥764 mil-
lion ($7,417 thousand) were recorded for the years ended March 31, 2013 and 2014, respectively.
Further, extra retirement benefits of ¥36,377 million and ¥5,737 million ($55,699 thousand) were recorded for the years ended
March 31, 2013 and 2014, respectively.
Assumptions used in accounting for the plans
At March 31 2013 2014
Discount rate 1.7% 1.7%
Long-term expected rate of return on plan assets 2.9% 2.9%
Method of allocating actuarial gains and losses Straight-line method over the employees’
average remaining service period
Straight-line method over the employees’
average remaining service period
Method of allocating past service cost Straight-line method over 10 years Straight-line method over 10 years
Reconciliation of beginning and ending balances of defined benefit obligation and plan assets
Yen
(millions)
U.S. Dollars
(thousands)
March 31 2014 2014
Change in defined benefit obligation:
Defined benefit obligation at beginning of year ¥1,432,021 $13,903,117
Service cost 52,388 508,621
Interest cost 23,359 226,786
Actuarial gains and losses incurred during the year 4,276 41,515
Payments from plan assets*6(52,372) (508,466)
Payments from company*6(11,679) (113,388)
Past service cost incurred during the year (1,930) (18,738)
Adjustments for plan termination and business restructurings (18,711) (181,660)
Defined benefit obligation at end of year ¥1,427,352 $13,857,786
Change in plan assets:
Plan assets at beginning of year ¥1,068,535 $10,374,126
Expected return on plan assets 30,691 297,971
Actuarial gains and losses incurred during the year 65,719 638,049
Employer contributions 61,934 601,301
Employee contributions 7,585 73,641
Payments from plan assets*6(52,372) (508,466)
Adjustments for plan termination and business restructurings (6,315) (61,311)
Plan assets at end of year ¥1,175,777 $11,415,311
*6 Payments from plan assets and payments from company related to plan termination and business restructuring are included in “Adjustments for plan termina-
tion and business restructurings.”
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
145
FUJITSU LIMITED ANNUAL REPORT 2014
MANAGEMENT FACTS & FIGURESRESPONSIBILITYPERFORMANCE