Yamaha 2008 Annual Report Download - page 81

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79Annual Report 2008
The assumptions used in accounting for the above plans are summarized as follows:
2008 2007
Discount rate 2.0% 2.0%
Expected rate of return on plan assets 4.0% 4.0%
Amortization of prior 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)
18. CONTINGENT LIABILITIES
The Company and its consolidated subsidiaries had the following contingent liabilities at March 31, 2008:
Millions of Yen
Thousands of
U.S. Dollars
(Note 3)
Export bills discounted with banks ¥1,040 $10,380
Guarantees of indebtedness of others 823 8,214
19. AMOUNTS PER SHARE
Yen
U.S. Dollars
(Note 3)
Years ended March 31 2008 2007 2008
Net income:
Basic ¥ 191.76 ¥ 135.19 $ 1.91
Diluted —135.11 —
Yen
U.S. Dollars
(Note 3)
At March 31 2008 2007 2008
Net assets ¥1,646.44 ¥1,680.91 $16.43
Basic net income per share is computed based on the net income available for distribution to shareholders of common stock
and the weighted-average number of shares of common stock outstanding during each year. Diluted net income per share is
computed based on the net income available for distribution to the shareholders and the weighted-average number of shares of
common stock outstanding during each year after giving effect to the dilutive potential of shares of common stock to be issued.
Diluted net income per share for the year ended March 31, 2008 has not been presented because there were no potentially
dilutive securities at March 31, 2008.
Net assets per share are based on the number of shares of common stock outstanding at each balance sheet date.