Yamaha 2003 Annual Report Download - page 39

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ANNUAL REPORT 2003 37
The components of retirement benefit expenses for the years ended March 31, 2003 and 2002 are outlined as follows:
Thousands of
Millions of Yen U.S. Dollars
2003 2002 2003
Service cost........................................................................................................................... ¥ 7,900 ¥ 6,380 $ 65,724
Interest cost........................................................................................................................... 4,595 5,446 38,228
Expected return on plan assets.............................................................................................. (3,540) (3,299) (29,451)
Amortization of past service cost........................................................................................... (45) (175) (374)
Amortization of actuarial gain or loss .................................................................................... 4,110 1,086 34,193
Additional retirement benefit expenses................................................................................. 1,311 2,234 10,907
Total...................................................................................................................................... ¥14,332 ¥11,673 $119,235
The assumptions used in accounting for the above plans are as follows:
2003 2002
Discount rates....................................................................... 2.5% 2.5%
Expected return on plan assets............................................. 4.0% 4.0%
Amortization of past service cost .......................................... 10 years (straight-line method) 10 years (straight-line method)
Amortization of actuarial gain or loss ................................... 10 years (straight-line method) 10 years (straight-line method)
13. CONTINGENT LIABILITIES
The Company had the following contingent liabilities at March 31, 2003:
Thousands of
Millions of Yen U.S. Dollars
Export bills discounted with banks......................................................................................................... ¥1,483 $12,338
As guarantors of indebtedness of others ................................................................................................. 131 1,090
14. AMOUNTS PER SHARE
Basic net income (loss) per share shown below is based on the weighted average number of shares of common stock
outstanding during each year. Diluted net income per share is based on the weighted average number of shares of
common stock outstanding each year after giving effect to the dilutive potential of common shares to be issued upon
the conversion of convertible bonds.
Net assets per share are based on the number of shares of common stock outstanding at each balance sheet date.
Yen U.S. Dollars
Years ended March 31 2003 2002 2003
Net income (loss):
Basic ..................................................................................................................................... ¥86.65 ¥(49.75) $0.72
Diluted.................................................................................................................................. 77.32 — 0.64
Yen U.S. Dollars
March 31 2003 2002 2003
Net assets.................................................................................................................................. ¥1,040.06 ¥978.15 $8.65
Diluted net loss per share for the year ended March 31, 2002 has not been presented because the effect of the
conversion of the convertible bonds would have resulted in an anti-dilutive effect on the computation of net loss
per share.