Nikon 2014 Annual Report Download - page 66

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(2) The changes in plan assets for the year ended March 31, 2014 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Balance at beginning of year ¥119,398 $1,160,106
Expected return on plan assets 2,904 28,217
Actuarial losses 5,296 51,457
Contributions from the employer 9,679 94,047
Benefits paid (6,328) (61,485)
Others 1,773 17,226
Balance at end of year ¥132,722 $1,289,568
(3) Reconciliation between the liability recorded in the consolidated balance sheet and the balances of defined benefit obligation and plan
assets as of March 31, 2014 was as follows:
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Funded defined benefit obligation ¥ 117,341 $ 1,140,121
Plan assets (132,722) (1,289,568)
(15,381) (149,447)
Unfunded defined benefit obligation 789 7,667
Net liability (asset) for defined benefit obligation (14,592) (141,780)
Liability for retirement benefits 4,675 45,422
Asset for retirement benefits (19,267) (187,202)
Net liability (asset) for defined benefit obligation ¥ (14,592) $ (141,780)
(4) The components of net periodic benefit costs for the year ended March 31, 2014 were as follows:
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Service cost ¥ 3,933 $ 38,211
Interest cost 2,539 24,674
Expected return on plan assets (2,904) (28,217)
Amortization of prior service cost (1,961) (19,056)
Recognized actuarial losses 52 509
Other 620 6,024
Net periodic benefit costs ¥ 2,279 $ 22,145
In addition to the above, the Company and certain subsidiaries charged contributions of ¥2,138 million to the defined contribution
pension plan to income during the fiscal year ended March 31, 2014.
(5) Other comprehensive income on defined retirement benefit plans as of March 31, 2014 was as follows:
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Actuarial gains ¥419 $4,067
(6) Accumulated other comprehensive income on defined retirement benefit plans as of March 31, 2014 was as follows:
Millions of Yen
Thousands of
U.S. Dollars
2014 2014
Unrecognized prior service cost ¥ 528 $ 5,130
Unrecognized actuarial gains (4,713) (45,796)
Total ¥(4,185) $ (40,666)
FINANCIAL INFORMATION
Notes to Consolidated Financial Statements
64 NIKON REPORT 2014