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Annual Report 2014 59
Financial Section
As of March 31, 2014, in relation to TFT-LCD business, the
Company and some of its subsidiaries are currently subject to
the investigations being conducted by the Directorate General
for Competition of the European Commission etc., and civil lawsuits
seeking monetary damages resulting from the alleged anticom-
petitive behavior have been filed against the Company and some
of its subsidiaries in North America, etc.
As of March 31, 2012, 2013 and 2014, the Company and its consolidated subsidiaries had contingent liabilities as follows:
10. Contingent Liabilities
Yen
(millions)
U.S. Dollars
(thousands)
2012 2013 2014 2014
Loans guaranteed ¥ 27,349 ¥ 23,103 ¥ 19,874 $ 194,843
Trade payables guaranteed — — 150 1,471
¥ 27,349 ¥ 23,103 ¥ 20,024 $ 196,314
Allowance for severance and pension benefits of the Company and its domestic consolidated subsidiaries as of March 31, 2012 and
2013 consisted of the following:
In addition, allowances for severance and pension benefits of ¥4,235 million as of March 31 2012, and ¥4,833 million as of March
31, 2013, respectively, were provided by certain overseas consolidated subsidiaries.
11. Retirement Benefits
Yen
(millions)
U.S. Dollars
(thousands)
2012 2013 2014 2014
Projected benefit obligation ¥ 348,986 ¥ 329,085 ¥ — $ —
Less—fair value of plan assets (268,758) (224,509) — —
Less—unrecognized actuarial losses (129,560) (145,344) — —
Unrecognized past service costs 23,122 20,059 — —
Prepaid pension cost 27,975 22,377 — —
Allowance for severance and pension benefits ¥ 1,765 ¥ 1,668 ¥ — $ —
Expenses for severance and pension benefits of the Company and its domestic consolidated subsidiaries for the years ended March
31, 2012 and 2013 consisted of the following:
Yen
(millions)
U.S. Dollars
(thousands)
2012 2013 2014 2014
Service costs ¥ 12,398 ¥ 11,672 ¥ — $ —
Interest costs on projected benefit obligation 8,832 8,438 — —
Expected return on plan assets (10,458) (7,951) — —
Actuarial losses 11,814 12,888 — —
Past service costs (3,017) (3,015) — —
Expenses for severance and pension benefits ¥ 19,569 ¥ 22,032 ¥ — $ —