Isuzu 2014 Annual Report Download - page 30

28 Isuzu Motors Limited ■ Annual Report 2014
(2) The reconciliation between beginning and ending balance of plan
assets
(3) The reconciliation between ending balance of projected benefit
obligation and plan assets and those balances on consolidated balance
sheet as of March 31, 2014
(5) Items recorded to accumulated other comprehensive income,
re-measurements of defined benefit plans (before related tax effects)
(7) Actuarial assumptions used to determine costs and obligations for
retirement benefits (Weighted Average)
(6) Allocation of plan assets
(4) Breakdown of retirement benefit cost
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
Thousands of
Millions of yen U.S. dollars
Ratio
Thousands of
Millions of yen U.S. dollars
Changes in plan assets:
2014 2014
Plan assets at beginning of the year
Expected return on plan assets
Actuarial gain on plan assets
Employer’s contributions
Benefit paid during the current fiscal year
Others
Plan assets at end of the year
[Note]
Plan assets in certain subsidiaries calculated by the simplified method are included.
¥ 53,633
1,253
2,289
8,375
(4,790)
2,374
¥ 63,136
$ 521,123
12,182
22,244
81,373
(46,547)
23,071
$ 613,448
2014 2014
Service cost
Interest cost on projected benefit obligation
Expected return on plan assets
Amortization of actuarial net loss
Amortization of prior service cost
Net retirement benefit cost to defined benefit plans
[Note]
Retirement benefit cost in certain subsidiaries calculated by the simplified method are
included.
¥ 6,886
2,285
(1,253)
4,360
38
¥ 12,317
$ 66,908
22,205
(12,182)
42,370
378
$ 119,679
2014 2014
Projected benefit obligation
under funded schemes
Plan assets
Projected benefit obligation
under non-funded schemes
Asset and liability on the
consolidated balance sheet, net
Net defined benefit liability
Net defined benefit assets
Net liability for retirement benefits
in the balance sheet
[Notes]
1. Assets related to retirement benefit plans are included in the consolidated balance sheet,
investment and advances, other investment and advances.
2. Plan assets and projected benefit obligations in certain subsidiaries calculated by the
simplified method are included.
¥ 96,257
(63,136)
33,120
63,333
¥ 96,454
97,437
(983)
¥ 96,454
$ 935,261
(613,448)
321,812
615,365
$ 937,178
946,731
(9,553)
$ 937,178
2014 2014
Unrecognized prior service cost
Unrecognized actuarial loss
Total
¥ 1,113
22,945
¥ 24,059
$ 10,817
222,948
$ 233,765
2014 2014
Discount rate
Expected long-term return rates on plan asset
2014 2014
Debt securities
Equity securities
Cash and deposits
Life insurance company general accounts
Other assets
Total
In order to determine the expected long-term rate of return on assets,
were considered the current and expected future allocation of the
pension assets and the variety of the assets constituting the pension
assets.
1.6%
2.5%
33%
34%
9%
21%
3%
100%
2. Defined contribution pension plans and multi-employer pension
plans as of March 31, 2014 are follows;
Required contributions of certain subsidiaries to defined contribution
pension plans are ¥251million ($2,439 thousands).
Required contributions of multi-employer pension, which are
accounted for by the same method with as defined contribution
pension plans to welfare pension fund plans is ¥134million ($1,305
thousands).
The funded status of multi-employer pension as of March 31, 2013
The main factor of the difference indicated above, is the 3,414 million-
yen ($33,173 thousands) balance of the prior service cost. In this multi-
employer pension plan, the prior service cost is being amortized evenly
over the period of 20 years and the remaining period is 11 years at the
end of the current fiscal year. The Company and its subsidiaries have
Plan Assets
Projected benefit obligation
in pension financing
Difference
¥ 10,936
15,772
¥ (4,835)
$ 106,264
153,250
$ (46,986)
Thousands of
Millions of yen U.S. dollars