Toshiba 2014 Annual Report Download - page 133
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45
TOSHIBA Annual Report 2014
Each level into which assets are categorized is based on inputs used to measure the fair value of the assets, and does not
necessarily indicate the risks or ratings of the assets.
Level 1 plan assets represent marketable equity securities, pooled funds and government bonds, which are valued
based on quoted market prices in active markets with sufficient volume and frequency of transactions. Level 2 plan assets
represent pooled funds that invest in equity securities and debt securities, corporate bonds and life insurance company
general accounts. Pooled funds, which are classified as Level 2 asset, are valued at their net asset values that are
calculated by the sponsor of the fund. Corporate bonds are valued based on quoted market prices for identical assets in
inactive markets. Life insurance company general accounts are valued based on contracts. Level 3 plan assets represent
pooled funds that invest in debt securities, hedge funds and real estate, which are valued based on unobservable inputs
as the markets for the assets are not active at the measurement date.
An analysis of the changes in Level 3 plan assets measured at fair value for the years ended March 31, 2014 and 2013 are as
follows:
Millions of yen
Year ended March 31, 2014 Pooled funds Hedge funds Real estate Total
Balance at beginning of year ¥ 5,672 ¥ 105,834 ¥ 29,039 ¥ 140,545
Actualreturn:
Relating to assets sold − (354) (921) (1,275)
Relating to assets still held 1,005 18,938 2,144 22,087
Purchases, issuances and settlements − 32,829 9,500 42,329
Balance at end of year ¥ 6,677 ¥ 157,247 ¥ 39,762 ¥ 203,686
Millions of yen
Year ended March 31, 2013 Pooled funds Hedge funds Real estate Total
Balance at beginning of year ¥ 4,137 ¥ 97,117 ¥ 24,857 ¥ 126,111
Actualreturn:
Relating to assets sold − 1,693 (771) 922
Relating to assets still held 1,535 7,458 1,397 10,390
Purchases, issuances and settlements − (434) 3,556 3,122
Balance at end of year ¥ 5,672 ¥ 105,834 ¥ 29,039 ¥ 140,545
Thousands of U.S. dollars
Year ended March 31, 2014 Pooled funds Hedge funds Real estate Total
Balance at beginning of year $ 55,068 $ 1,027,515 $ 281,932 $ 1,364,515
Actualreturn:
Relating to assets sold − (3,437) (8,942) (12,379)
Relating to assets still held 9,757 183,864 20,816 214,437
Purchases, issuances and settlements − 318,728 92,233 410,961
Balance at end of year $ 64,825 $ 1,526,670 $ 386,039 $ 1,977,534
Certain of the Company's subsidiaries provide certain health care and life insurance benefits to retired employees. Such
benefits were not material for the years ended March 31, 2014 and 2013.