Ricoh 2004 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2004 Ricoh annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

44
Change in plan assets:
Fair value of plan assets at beginning of year
Actual return on plan assets
Employer contribution
Plan participants’ contributions
Settlement
Benefits paid
Foreign exchange impact
Fair value of plan assets at end of year
Funded status
Unrecognized net actuarial loss
Unrecognized prior service cost
Unrecognized net asset at transition, net of amortization
Net amount recognized
Amounts recognized in the balance sheets consist of:
Prepaid benefit cost
Accrued benefit liability
Intangible assets
Accumulated other comprehensive income, gross of tax
Net amount recognized
Accumulated benefit obligations
Thousands of
U.S. dollars
2004
Millions of yen
2004
¥ 235,346
43,980
16,472
171
(72,812)
(10,960)
(1,221)
¥ 210,976
¥ (97,028)
111,528
(61,599)
(1,435)
¥ (48,534)
¥ —
(78,851)
92
30,225
¥ (48,534)
¥ 283,548
2003
¥ 268,377
(36,838)
14,281
1,105
(1,636)
(9,246)
(697)
¥ 235,346
¥(286,929)
245,632
(10,081)
(2,414)
¥ (53,792)
¥ 61
(207,948)
199
153,896
¥ (53,792)
¥ 444,477
$ 2,262,942
422,885
158,385
1,644
(700,115)
(105,385)
(11,741)
$ 2,028,615
$ (932,962)
1,072,385
(592,298)
(13,798)
$ (466,673)
$—
(758,183)
885
290,625
$ (466,673)
$ 2,726,423
Discount rate
Rate of compensation increase
2004
2003
2.6%
3.4%
2.9%
3.4%
Weighted-average assumptions used to determine benefit obligations at March 31, 2003 and 2004 were as follows:
Discount rate
Rate of compensation increase
Expected long-term return on plan assets
2004
2003
3.3%
3.4%
3.6%
2.6%
3.4%
2.5%
Weighted-average assumptions used to determine the net periodic benefit cost for the years ended March 31, 2002, 2003 and 2004 were as follows:
2002
2.9%
3.2%
4.8%
The net periodic benefit costs of the pension plans for the three years ended March 31, 2004 consisted of the following components:
Service costs
Interest costs
Expected return on plan assets
Net amortization
Settlement loss (benefit)
Total net periodic pension cost
Thousands of
U.S. dollars
2004
Millions of yen
2004
20032002
¥15,694
12,719
(5,872)
10,805
(2,537)
¥30,809
$150,904
122,298
(56,462)
103,894
(24,394)
$296,240
¥15,636
13,693
(13,031)
4,707
183
¥21,188
¥16,943
14,292
(9,763)
5,081
(35)
¥26,518