Toshiba 2000 Annual Report Download - page 59

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57
A weighted-average discount rate of 3.5 percent, an expected long-term rate of return on plan assets of 4.0 percent, and an
assumed rate of increase in salary levels of 2.3 percent and 2.5 percent were used in measuring the pension obligations at March 31,
2000 and 1999, respectively.
The changes in the benefit obligations and plan assets and reconciliations of net amount recognized to funded status and accrued
pension and severance costs for 2000 and 1999 were as follows: Thousands of
Millions of yen U.S. dollars
March 31
2000 1999 2000
Change in benefit obligations:
Benefit obligation at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,693,146 ¥1,448,320 $15,973,075
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,427 46,966 494,594
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,185 57,306 548,915
Plan participants’ contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,141 8,789 76,802
Plan amendments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (69,740) –(657,924)
Actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111,976 166,414 1,056,377
Effect of subsidiaries newly consolidated
due to change in ownership rate and other . . . . . . . . . . . . . . . . . . . . . . . . –63,536 –
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (100,736) (97,271) (950,339)
Foreign currency exchange impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,313) (914) (12,387)
Benefit obligation at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,752,086 1,693,146 16,529,113
Change in plan assets:
Fair value of plan assets at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . 775,027 677,571 7,311,575
Actual return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,910 34,978 1,668,962
Employer contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61,173 60,017 577,104
Plan participants’ contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,141 8,789 76,802
Effect of subsidiaries newly consolidated
due to change in ownership rate and other . . . . . . . . . . . . . . . . . . . . . . . . –29,745 –
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (32,503) (35,143) (306,632)
Foreign currency exchange impact . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,231) (930) (11,613)
987,517 775,027 9,316,198
Funded status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 764,569 918,119 7,212,915
Unrecognized actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (371,771) (445,358) (3,507,273)
Unrecognized net obligation at transition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (73,214) (85,239) (690,698)
Unrecognized prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,462 (43,231) 287,377
Net amount recognized. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 350,046 ¥ 344,291 $ 3,302,321
Amounts recognized in the consolidated balance sheets consist of:
Accrued pension and severance costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 585,881 ¥ 692,150 $ 5,527,179
Intangible asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (42,752) (128,470) (403,321)
Accumulated other comprehensive income (loss), gross of tax . . . . . . . . . . . (193,083) (219,389) (1,821,537)
Net amount recognized. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 350,046 ¥ 344,291 $ 3,302,321
Accumulated benefit obligation at end of year . . . . . . . . . . . . . . . . . . . . . . . . . ¥1,573,398 ¥1,467,177 $14,843,377