Fujitsu 2014 Annual Report Download - page 149

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Assumptions used in accounting for the plans
At March 31 2013 2014
Discount rate Mainly 4.4% Mainly 4.4%
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
Past service cost Immediate recognition Immediate recognition
The long-term expected rate of return on plan assets is not disclosed as a result of the application of “Employee Benefits” (IAS 19,
issued June 16, 2011), under which recognition of the net interest on the net defined benefit liability (asset) replaces recognition of the
interest cost and the expected return on plan assets previously required.
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 ¥719,178 $6,982,311
Service cost 5,375 52,184
Interest cost 32,396 314,524
Actuarial gains and losses incurred during the year (21,305) (206,845)
Payments from plan assets*6(22,909) (222,417)
Payments from company*6(2,507) (24,340)
Past service cost incurred during the year (75) (728)
Amount of impact stemming from exchange rate fluctuations 137,417 1,334,146
Adjustments for plan termination and business restructurings (26,459) (256,883)
Defined benefit obligation at end of year ¥821,111 $7,971,951
Change in plan assets:
Plan assets at beginning of year ¥618,440 $6,004,272
Interest income*728,642 278,078
Return on plan assets excluding interest income (41,326) (401,223)
Employer contributions 6,653 64,592
Employee contributions 414 4,019
Payments from plan assets*6(22,909) (222,417)
Amount of impact stemming from exchange rate fluctuations 120,252 1,167,495
Adjustments for plan termination and business restructurings (20,815) (202,087)
Plan assets at end of year ¥689,351 $6,692,728
*6 Payments from plan assets and payments from company related to plan termination and business restructuring are included in “Adjustments for plan termination
and business restructurings.”
*7 Interest income is the amount that multiples the fair value of plan assets at the beginning of year by discount rate.
15. Share-based Payment Plans
No significant transactions.
16. Income Taxes
The components of income taxes are as follows:
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2013 2014 2014
Current ¥31,726 ¥35,040 $340,194
Deferred (7,466) 2,021 19,621
Income taxes ¥24,260 ¥37,061 $359,816
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
147
FUJITSU LIMITED ANNUAL REPORT 2014
MANAGEMENT FACTS & FIGURESRESPONSIBILITYPERFORMANCE