Isuzu 2008 Annual Report Download - page 38

36
Financial Section n Isuzu Motors Limited Annual Report 2008
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Cash and time deposits
Notes and accounts receivable
Building and structures
Machinery and equipment
Land
Others
5. Retirement Benefit Obligation and Pension Plan
The Company has defined benefit plans, i.e., corporate pension fund
and lump-sum payment plans. The consolidated subsidiaries have
defined benefit plans, i.e., corporate pension fund, welfare pension
fund plans, tax-qualified pension funds and lump-sum payment plans.
Several of the domestic consolidated subsidiaries have defined con-
tribution pension plans for parts of the unfunded lump-sum benefit
plans.
(1) Retirement benefit obligation as of March 31, 2008 and 2007 are as follows:
¥ (118,660)
39,416
57,320
(1,013)
¥ (22,935)
¥ (23,983)
¥ 1,047
¥ (22,935)
¥ (121,663)
39,766
57,186
(594)
¥ (25,306)
¥ (26,278)
¥ 972
¥ (25,306)
$ (1,214,330)
396,906
570,778
(5,937)
$ (252,583)
$ (262,286)
$ 9,702
$ (252,583)
(2) Retirement benefit cost for the year ended March 31, 2008 and 2007 are as follows:
¥ 4,122
2,562
(1,088)
3,732
236
¥ 9,564
¥ (2,531)
35
73
¥ 7,141
¥ 5,392
2,668
(1,266)
4,102
(121)
¥ 10,775
¥ —
—
105
¥ 10,880
$ 53,822
26,631
(12,638)
40,947
(1,212)
$ 107,550
$ —
—
1,049
$ 108,599
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Retirement benefit obligation at end of the year
Fair value of plan assets
Accrued retirement benefits obligation on balance sheets
Prepaid pension cost
Net
(Details on net amount)
Unrecognized actuarial net loss
Unrecognized prior service cost
Net
The substitutional portion of the benefits under the welfare pension fund plans has been included in the amounts shown in the above table.
Thousands of
Millions of yen U.S. dollars
2008 2007 2008
Service cost
Interest cost on projected benefit obligation
Expected return on plan assets
Amortization of actuarial net loss (gain)
Amortization of prior service cost
Net retirement benefit cost
Gains on return of benefits related to past employee service
under the substitutional portion
Gain and loss on adoption of defined contribution pension plan, net
Other
Total
Thousands of
Planned maturity date Millions of yen U.S. dollars
Over 1 year within 2 years
Over 2 years within 3 years
Over 3 years within 4 years
Thereafter
Total
$ 615,058
594,880
302,677
353,152
$ 1,865,768
¥ 61,622
59,601
30,325
35,382
¥ 186,931
$ —
—
463,863
509,212
1,621,771
303
The annual maturities of long-term debt at March 31, 2008
are summarized as follows:
¥ —
—
46,474
51,017
162,485
30
¥ 280
375
51,729
56,915
184,311
33
The assets pledged as collateral for certain loans and other liabilities
at March 31, 2008 and 2007 are as follows:
(3) Actuarial assumptions used to determine costs and obligations for retirement.
2008 2007
Discount rate 2.3–2.5% 2.3%
Expected rate of return on plan assets 1.5–3.5% 1.5–2.5%
Amortization period of prior service cost 1–10 years 1–10 years
Amortization period of actuarial net loss (gain) 10–19 years 10–19 years
Amortization period of net obligation
arising from accounting changes 1 year 1 year