Sony 2000 Annual Report Download - page 89

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SONY CORPORATION ANNUAL REPORT 2000
87
Yen in millions
Pre-tax Tax Net-of-tax
amount expense amount
For the year ended March 31, 1998:
Unrealized gains on securities—
Unrealized holding gains arising during the period . . . . . . . . . . . . . ¥ (56,704) ¥ 34,599 ¥ (22,105)
Minimum pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . (10,925) 5,211 (5,714)
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . 35,985 4,511 40,496
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (31,644) ¥ 44,321 ¥ 12,677
For the year ended March 31, 1999:
Unrealized gains on securities—
Unrealized holding gains arising during the period . . . . . . . . . . . . . ¥ 7,484 ¥ 1,525 ¥ 9,009
Less: Reclassification adjustment for gains included in net income . . (58,698) 27,999 (30,699)
Minimum pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . (4,617) 1,332 (3,285)
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . (151,971) 8,316 (143,655)
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ (207,802) ¥ 39,172 ¥ (168,630)
For the year ended March 31 , 2000:
Unrealized gains on securities—
Unrealized holding gains arising during the period . . . . . . . . . . . . . ¥ 79,822 ¥(27,003) ¥ 52,81 9
Less: Reclassification adjustment for gains included in net income . . (1 7,1 96) 2,809 (1 4,387)
Minimum pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . 9,1 90 (3,869) 5,321
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . (202,596) 3,423 (1 99,173)
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥(130,780) ¥(24,640) ¥(155,420)
Dollars in millions
Pre-tax Tax Net-of-tax
amount expense amount
For the year ended March 31 , 2000:
Unrealized gains on securities—
Unrealized holding gains arising during the period . . . . . . . . . . . . . $ 753 $(255) $ 498
Less: Reclassification adjustment for gains included in net income . . (1 62) 27 (1 35)
Minimum pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . 87 (37) 50
Foreign currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . (1 ,911 ) 32 (1,879)
Other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,233) $(233) $(1,466)
after June 27, 1998, Sony Corporation may, by a resolu-
tion of the Board of Directors, acquire and retire up to a
total not exceeding 30 million outstanding shares of its
common stock with its additional paid-in capital at prices
in total not exceeding ¥400 billion ($3,774 million) and
(b) Sony Corporation may grant share subscription
rights to directors and/or employees pursuant to the
Japanese regulations. At March 31, 2000, no common
stock had been acquired nor had any share subscription
rights been granted under this approval.
Other comprehensive income for the year ended
March 31, 1998, 1999 and 2000, was as follows:
18. Stock-based compensation plans
The number of shares and the exercise prices in the
following information are adjusted for all periods to
reflect the two-for-one stock split that has become
effective on May 19, 2000.
Sony has two types of stock-based compensation plans
as incentive plans for directors and selected employees.
One plan uses bonds with detachable warrants which
are described in Note 11 (“Warrant plan”) and the other
plan grants stock appreciation rights (“SARs”) to selected
employees (“SAR plan”).