Omron 2005 Annual Report Download - page 62

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2004 20052005
60
Obligations and Funded status
The following table is the reconciliation of beginning and ending balances of the benefit obligations and the fair value of the plan assets
Change in benefit obligation:
Benefit obligation at beginning of year...............................................................
Service cost, less employees’ contributions ......................................................
Interest cost.........................................................................................................
Employees’ contributions....................................................................................
Plan amendments ...............................................................................................
Actuarial loss (gain) .............................................................................................
Benefits paid ......................................................................................................
Settlement paid ...................................................................................................
Benefit obligation at end of year .....................................................................
Change in plan assets:
Fair value of plan assets at beginning of year ....................................................
Actual return on plan assets ...............................................................................
Employers’ contributions ....................................................................................
Employees’ contributions....................................................................................
Benefits paid .......................................................................................................
Fair value of plan assets at end of year...........................................................
Funded status .........................................................................................................
Unrecognized net actuarial loss..............................................................................
Unrecognized prior service benefit.........................................................................
Net amount recognized ...................................................................................
Amounts recognized in the consolidated balance sheets:
Accrued liability ...................................................................................................
Accumulated other comprehensive loss (gross of tax) ......................................
Net amount recognized ...................................................................................
Accumulated benefit obligation at end of year
........................................................
¥248,378
7,981
4,968
931
—
2,813
(4,443)
(981)
¥259,647
105,311
8,368
5,789
931
(3,228)
¥117,171
(142,476)
108,395
(3,603)
¥ (37,684)
¥ (115,784)
78,100
¥ (37,684)
¥232,955
¥259,647
5,822
5,022
—
(15,546)
(3,428)
(3,544)
(1,023)
¥246,950
117,171
1,146
6,348
—
(3,544)
¥121,121
(125,829)
107,487
(17,812)
¥ (36,154)
¥ (107,278)
71,124
¥ (36,154)
¥228,399
$ 2,426,607
54,411
46,935
—
(145,290)
(32,037)
(33,121)
(9,561)
$ 2,307,944
1,095,056
10,710
59,327
—
(33,121)
$ 1,131,972
(1,175,972)
1,004,551
(166,467)
$ (337,888)
$ (1,002,598)
664,710
$ (337,888)
$ 2,134,570
Thousands of
U.S. dollars
Millions of yen
Service cost, less employees’ contributions................................
Interest cost on projected benefit obligation...............................
Expected return on plan assets....................................................
Amortization .................................................................................
Net periodic benefit cost ..........................................................
¥ 7,981
4,968
(4,210)
3,530
¥12,269
$54,411
46,935
(40,196)
23,972
$85,122
Thousands of
U.S. dollars
Millions of yen
2004
¥ 9,611
5,804
(4,072)
2,742
¥14,085
2003 2005
¥ 5,822
5,022
(4,301)
2,565
¥ 9,108
2005
Components of Net Periodic Benefit Cost
The expense recorded for the contributory termination and retirement plans included the following components for the years ended
March 31:
The provisions of SFAS No. 87, “Employers’ Accounting for
Pensions,” require the recognition of an additional minimum pen-
sion liability for each defined benefit plan to the extent that a plan’s
accumulated benefit obligation exceeds the fair value of plan
assets and accrued pension liabilities. The net change in the mini-
mum pension liability is reflected as other comprehensive income,
net of related tax effect. The unrecognized net actuarial loss and
the prior service benefit are being amortized over 15 years.