Mitsubishi 2002 Annual Report Download - page 64

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62
The retirement benefit obligation for MMC’s and its consolidated subsidiaries’ employees’ defined benefit plans at
March 31, 2002 and 2001 is summarized as follows:
(In thousands of
(In millions of yen) U.S. dollars)
Year ended March 31, 2002 2001 2002
Retirement benefit obligation ¥(270,776) ¥(258,825) $(2,032,090)
Pension plan assets at fair value 67,517 53,585 506,694
Unfunded status (203,259) (205,239) (1,525,396)
Unrecognized actuarial loss 32,589 6,038 244,570
Unrecognized prior service cost (1,957) 6(14,687)
Net recognized retirement benefit obligation (172,627) (199,195) (1,295,512)
Prepaid pension cost 1,322 –9,921
Accrued retirement benefits ¥(173,950) ¥(199,195) $(1,305,441)
Pension expenses for MMC’s and its consolidated subsidiaries’ employees’ retirement defined benefit plans for the
years ended March 31, 2002 and 2001 were as follows:
Accrued retirement benefits include ¥2,608 million ($19,572 thousand) and ¥3,744 million for directors and corporate
auditors of MMC and its domestic consolidated subsidiaries at March 31, 2002 and 2001, respectively.
(In thousands of
(In millions of yen) U.S. dollars)
Year ended March 31, 2002 2001 2002
Service cost ¥15,546 ¥14,406 $116,668
Interest cost 8,213 7,302 61,636
Expected return on plan assets (2,829) (1,697) (21,231)
Amortization of net retirement benefit obligation at transition –128,370 –
Amortization of actuarial loss 608 –4,563
Amortization of prior service cost (35) (5) (263)
Pension expenses ¥21,502 ¥148,377 $161,366
17. Supplemental Disclosures of Cash Flow Information
Interest paid for the years ended March 31, 2002 and 2001 amounted to ¥22,435 million ($168,368 thousand) and ¥23,037
million, respectively. Income taxes paid for the years ended March 31, 2002 and 2001 amounted to ¥11,726 million
($88,000 thousand) and ¥6,896 million, respectively.