Sony 2001 Annual Report Download - page 118

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Sony Corporation Annual Report 2001
116
The changes in benefit obligation and plan assets, funded status and composition of amounts recognized in the
consolidated balance sheets were as follows:
Japanese plans Foreign plans
Dollars in Dollars in
Yen in millions millions Yen in millions millions
March 31 March 31, March 31 March 31,
2000 2001 2001 2000 2001 2001
Change in benefit obligation:
Benefit obligation at beginning of year . . . . . ¥562,861 ¥729,803 $5,839 ¥92,970 ¥103,992 $ 832
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . 46,306 46,400 371 17,836 16,841 135
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . 14,898 19,040 152 6,095 6,805 55
Plan participants’ contributions . . . . . . . . . . 4,806 5,865 47 821 755 6
Amendments . . . . . . . . . . . . . . . . . . . . . . . . . (7,665) 1,156 9 161 (1,708) (14)
Actuarial (gain) loss . . . . . . . . . . . . . . . . . . . 122,021 27,963 224 11,564 (326) (3)
Foreign currency exchange rate changes . . . ———(13,861) 15,114 121
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . (13,424) (28,905) (231) (11,594) (13,311) (107)
Benefit obligation at end of year . . . . . . . . . . 729,803 801,322 6,411 103,992 128,162 1,025
Change in plan assets:
Fair value of plan assets
at beginning of year . . . . . . . . . . . . . . . . . . . 369,321 507,943 4,064 60,297 78,842 631
Actual return on plan assets . . . . . . . . . . . . . 109,355 (85,468) (684) 18,748 (2,567) (21)
Foreign currency exchange rate changes . . . ———(8,332) 8,363 67
Employer contribution . . . . . . . . . . . . . . . . . . 30,721 44,923 359 12,302 7,853 63
Plan participants’ contributions . . . . . . . . . . 4,806 5,865 47 821 755 6
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . (6,260) (13,096) (105) (4,994) (6,895) (55)
Fair value of plan assets at end of year . . . . . 507,943 460,167 3,681 78,842 86,351 691
Funded status . . . . . . . . . . . . . . . . . . . . . . . . . . 221,860 341,155 2,730 25,150 41,811 334
Unrecognized actuarial loss . . . . . . . . . . . . . . . (121,184) (236,747) (1,894) (811) (9,943) (79)
Unrecognized net transition asset . . . . . . . . . . . 1,979 1,604 13 210 143 1
Unrecognized prior service cost . . . . . . . . . . . . (3,805) (4,178) (34) 2,110 2,163 17
Net amount recognized . . . . . . . . . . . . . . . . . . . ¥ 98,850 ¥101,834 $ 815 ¥26,659 ¥34,174 $ 273
Amounts recognized in the
consolidated balance sheet consist of:
Accrued pension and severance costs,
including current portion . . . . . . . . . . . . . . . . ¥106,022 ¥189,283 $1,514 ¥26,659 ¥34,174 $ 273
Intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . (820) (1,419) (11) ———
Accumulated other comprehensive income . . . (6,352) (86,030) (688) ———
Net amount recognized . . . . . . . . . . . . . . . . . . . ¥ 98,850 ¥101,834 $ 815 ¥26,659 ¥34,174 $ 273