Nintendo 2006 Annual Report Download - page 32

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30
Nintendo Co., Ltd. and consolidated subsidiaries
Losses incurred from the application of the lower of cost or market valuation of inventories have been charged to “Cost of
sales” in the accompanying consolidated statements of income. These losses amounted to ¥6,840 million ($58,458 thousand)
and ¥5,116 million for the years ended March 31, 2006 and 2005, respectively.
Note 6. Inventories
As of March 31,
¥(20,340)
17,719
(2,621)
2,355
64
-
(202)
(3,097)
¥(3,299)
¥(17,747)
12,919
(4,828)
1,729
68
(44)
(3,075)
-
¥(3,075)
$(173,842)
151,444
(22,398)
20,131
545
-
(1,722)
(26,477)
$(28,199)
. Retirement benefit obligation
. Plan assets
. Unfunded retirement benefit obligation
. Unrecognized actuarial difference
. Unrecognized prior service cost
. Unrecognized plan assets
. Net pension liability recognized in the consolidated
balance sheets
. Prepaid pension cost
. Reserve for employee retirement and severance benefits
a
b
c
d
e
f
g
h
i
Retirement benefit obligations as of March 31, 2006 and 2005 were as follows:
The Company has a tax approved pension scheme and lump-sum severance payments plan which is a defined benefit plan.
Certain consolidated subsidiaries have defined contribution plans as well as defined benefit plans. The Company and certain
consolidated subsidiaries may also pay extra retirement allowance to employees who have distinguished services.
Note 7. Retirement and Severance Benefits and Pension Plan
Japanese Yen in Millions
¥
2006 2005
U.S. Dollars in Thousands (Note 1)
$
2006
Years ended March 31, 2006 and 2005
Notes to Consolidated Financial Statements