Sony 2005 Annual Report Download - page 107

Download and view the complete annual report

Please find page 107 of the 2005 Sony annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 137

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137

104 Sony Corporation
Foreign plans:
Dollars in
Yen in millions millions
Years ended March 31 2003 2004 2005 2005
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥13,954 ¥11,252 ¥(6,419 $060
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8,478 8,566 8,091 76
Expected return on plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(7,319) (6,812) (6,712) (63)
Amortization of net transition asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(47) (27) (18) (0)
Recognized actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,452 1,569 1,637 15
Amortization of prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (208) (117) (114) (1)
(Gains) losses on curtailments and settlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(460) 5,574 1,713 16
Net periodic benefit cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥15,850 ¥20,005 ¥11,016 $103
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 2004 2005 2005 2004 2005 2005
Change in benefit obligation:
Benefit obligation at beginning of the fiscal year . . . . . . . . . . . .
¥1,031,760 ¥(993,542 $(9,285 ¥157,580 ¥155,838 $1,456
Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
54,501 31,971 299 11,252 6,419 60
Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19,489 21,364 200 8,566 8,091 76
Plan participants’ contributions . . . . . . . . . . . . . . . . . . . . . . . .
5,802 2,111 20 644 873 8
Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—(120,873) (1,130) 3,900 286 3
Actuarial (gain) loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(81,873) 1,641 15 431 12,210 114
Foreign currency exchange rate changes . . . . . . . . . . . . . . . . .
———(17,082) 14,288 134
Curtailments and settlements . . . . . . . . . . . . . . . . . . . . . . . . . .
—(2,988) (28) (66) (628) (6)
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(36,137) (25,042) (234) (9,387) (11,639) (109)
Divestiture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
————(32,140) (301)
Benefit obligation at end of the fiscal year. . . . . . . . . . . . . . . . .
993,542 901,726 8,427 155,838 153,598 1,435
Change in plan assets:
Fair value of plan assets at beginning of the fiscal year . . . . . . .
405,248 513,095 4,795 67,937 85,662 800
Actual return (loss) on plan assets . . . . . . . . . . . . . . . . . . . . . .
93,154 (354) (3) 13,065 7,513 70
Foreign currency exchange rate changes . . . . . . . . . . . . . . . . .
———(3,420) 3,517 33
Employer contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23,243 34,581 323 16,475 18,406 172
Plan participants’ contributions . . . . . . . . . . . . . . . . . . . . . . . .
5,802 2,111 20 644 873 8
Curtailments and settlements . . . . . . . . . . . . . . . . . . . . . . . . . .
————(112) (1)
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(14,352) (14,982) (140) (9,039) (11,168) (104)
Divestiture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
————(12,666) (118)
Fair value of plan assets at end of the fiscal year . . . . . . . . . . .
¥ 513,095 ¥(534,451 $(4,995 ¥ 85,662 ¥ (92,025 $0,860
In connection with the establishment of the SONY BMG joint
venture with Bertelsmann AG as discussed in Note 6, Sony
transferred ¥32,140 million ($301 million) of its benefit obligation
and ¥12,666 million ($118 million) of its plan assets which were
included in Sony’s foreign plans to the joint venture.
BH6/30 Adobe PageMaker 6.0J /PPC