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82
SONY CORPORATION ANNUAL REPORT 2000
Japanese plans Foreign plans
Dollars in Dollars in
Yen in millions millions Yen in millions millions
March 31
March 31 ,
March 31 March 31 ,
1999 2000 2000 1999 2000 2000
Change in benefit obligation:
Benefit obligation at beginning of year. . . ¥ 476,068 ¥ 562,861 $ 5,31 0 ¥ 85,159 ¥ 92,970 $ 877
Service cost . . . . . . . . . . . . . . . . . . . . . . . 41,743 46,306 437 15,842 1 7,836 1 68
Interest cost. . . . . . . . . . . . . . . . . . . . . . . 14,020 1 4,898 1 41 5,333 6,095 58
Plan participants’ contributions . . . . . . . . 4,273 4,806 45 176 821 8
Amendments . . . . . . . . . . . . . . . . . . . . . . — (7,665) (72) (1,079) 161 1
Actuarial loss . . . . . . . . . . . . . . . . . . . . . . 45,933 122,021 1,1 51 8,060 1 1,564 1 09
Foreign currency exchange rate changes . . . — ——(9,322) (1 3,861 ) (131 )
Benefits paid . . . . . . . . . . . . . . . . . . . . . . (19,176) (13,424) (1 27) (11,199) (1 1,594) (109)
Benefit obligation at end of year . . . . . . . 562,861 729,803 6,885 92,970 103,992 981
Change in plan assets:
Fair value of plan assets
at beginning of year. . . . . . . . . . . . . . . . 236,966 369,321 3,484 54,597 60,297 569
Actual return on plan assets . . . . . . . . . . . 27,845 1 09,355 1 ,032 7,005 1 8,748 1 77
Foreign currency exchange rate changes . . . — ——(6,223) (8,332) (79)
Employer contribution . . . . . . . . . . . . . . . 106,738 30,721 290 8,274 12,302 11 6
Plan participants’ contributions . . . . . . . . 4,273 4,806 45 176 821 8
Benefits paid . . . . . . . . . . . . . . . . . . . . . . (6,501) (6,260) (59) (3,532) (4,994) (47)
Fair value of plan assets at end of year. . . 369,321 507,943 4,792 60,297 78,842 744
Funded status . . . . . . . . . . . . . . . . . . . . . . . 193,540 221,860 2,093 32,673 25,150 237
Unrecognized actuarial loss . . . . . . . . . . . . . (102,739) (1 21 ,1 84) (1,143) (8,983) (81 1) (7)
Unrecognized net transition asset . . . . . . . . 2,354 1 ,979 19 263 21 0 2
Unrecognized prior service cost. . . . . . . . . . (12,805) (3,805) (36) 2,847 2,1 10 20
Net amount recognized . . . . . . . . . . . . . . . . ¥ 80,350 ¥ 98,850 $ 933 ¥ 26,800 ¥ 26,659 $ 252
Amounts recognized in the
consolidated balance sheet consist of:
Accrued pension and severance costs,
including current portion . . . . . . . . . . . . ¥ 106,343 ¥ 106,022 $ 1 ,001 ¥ 26,800 ¥ 26,659 $ 252
Intangibles . . . . . . . . . . . . . . . . . . . . . . . (10,451) (820) (8) ———
Accumulated other
comprehensive income . . . . . . . . . . . . . (15,542) (6,352) (60) ———
Net amount recognized . . . . . . . . . . . . . . . . ¥ 80,350 ¥ 98,850 $ 933 ¥ 26,800 ¥ 26,659 $ 252
The changes in benefit obligation and plan assets,
funded status and composition of amounts recognized
in the consolidated balance sheets were as follows: