Isuzu 2011 Annual Report Download - page 29

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Isuzu Motors Limited ■ Annual Report 2011
2011 2010
Discount rate
Expected rate of return on plan assets
Amortization period of prior service cost
Amortization period of actuarial net loss (gain)
Amortization period of net obligation
arising from accounting changes
4. Long-Term Debt
Long-term debt at March 31, 2011 and 2010 are as follows:
(1) Retirement benefit obligation as of March 31, 2011 and 2010 are
as follows:
(2) Retirement benefit cost for the year ended March 31, 2011 and
2010 are as follows:
2010
(as of March 31, 2010)
Proceeds from sales of securities classified as other securities
amounted to ¥128 millions ($1,542 thousands) with an aggregate gain
on sales of ¥5 millions ($64 thousands) and an aggregate loss on sales
of ¥2 millions ($27 thousands) for the year ended March 31, 2011.
Non-marketable securities classified as other securities at March 31,
2011 amounted to ¥1,795 millions ($21,598 thousands).
Millions of yen
Acquisition Carrying Unrealized
costs value gain (loss)
Unrealized gain:
Stocks:
Total
Unrealized loss:
Stocks:
Total
¥ 6,419
¥ 6,419
¥ (1,015)
¥ (1,015)
¥ 13,358
¥ 13,358
¥ 5,875
¥ 5,875
¥ 6,939
¥ 6,939
¥ 6,891
¥ 6,891
2011 2010 2011
1.24% straight bonds due 2010
1.55674% straight bonds due 2012
1.579% straight bonds due 2012
0.95% straight bonds due 2012
Loans
Lease obligations
Less: current portion
Total
¥ —
10,000
10,000
3,000
236,324
9,606
85,235
¥183,695
¥ 20,000
10,000
10,000
3,000
261,486
7,520
86,841
¥ 225,164
$ —
120,264
120,264
36,079
2,842,147
115,537
1,025,085
$ 2,209,208
Thousands of
Millions of yen U.S. dollars
The annual maturities of long-term debt at March 31, 2011 are sum-
marized as follows:
Planned maturity date
Over 1 year within 2 years
Over 2 years within 3 years
Over 3 years within 4 years
Thereafter
Total
¥ 60,831
49,532
25,894
47,437
¥ 183,695
$ 731,585
595,700
311,417
570,505
$ 2,209,208
Thousands of
Millions of yen U.S. dollars
The assets pledged as collateral for certain loans and other liabilities at
March 31, 2011 and 2010 are as follows:
Thousands of
Millions of yen U.S. dollars
2011 2010 2011
Building and structures
Machinery and equipment
Land
Others
¥ 53,781
56,937
159,830
230
$ 646,805
684,754
1,922,191
2,766
¥ 54,246
57,925
159,619
4
Thousands of
Millions of yen U.S. dollars
2011 2010 2011
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.
¥ (131,040)
45,778
64,207
(1,637)
¥ (22,692)
¥ (23,304)
¥ 612
¥ (22,692)
¥ (129,948)
40,872
61,367
(508)
¥ (28,216)
¥ (28,949)
¥ 732
¥ (28,216)
$ (1,575,952)
550,554
772,186
(19,693)
$ (272,904)
$ (280,275)
$ 7,371
$ (272,904)
Thousands of
Millions of yen U.S. dollars
2011 2010 2011
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
Other
Total
¥ 7,098
2,953
(1,128)
5,958
(116)
¥ 14,766
152
¥ 14,918
¥ 7,164
2,992
(931)
6,411
(120)
¥ 15,514
141
¥ 15,655
$ 85,369
35,520
(13,570)
71,665
(1,396)
$ 177,588
1,836
$ 179,425
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 contribution pen-
sion plans for parts of the unfunded lump-sum benefit plans.
(3) Actuarial assumptions used to determine costs and obligations for
retirement.
2.3–2.5%
2.3–2.5%
1–10 years
10–19 years
1 year
2.3–2.5%
2.3–2.5%
1–10 years
10–19 years
1 year