Sony 2005 Annual Report Download - page 108

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Sony Corporation 105
Foreign plans:
March 31 2003 2004 2005
Discount rate . . . . . . . . . . . .
6.3% 5.8% 5.5%
Rate of compensation
increase . . . . . . . . . . . . . . .
4.1 4.0 3.3
Japanese plans:
March 31 2003 2004 2005
Discount rate . . . . . . . . . . . .
1.9% 2.4% 2.3%
Rate of compensation
increase . . . . . . . . . . . . . . .
3.0 3.0 3.3
Japanese plans Foreign plans
Dollars in Dollars in
Yen in millions millions Yen in millions millions
March 31 2004 2005 2005 2004 2005 2005
Funded status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥(480,447) ¥(367,275) $(3,432) ¥(70,176) ¥(61,573) $(575)
Unrecognized actuarial loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
328,467 322,237 3,011 27,550 37,383 349
Unrecognized net transition asset . . . . . . . . . . . . . . . . . . . . . . . .
(479) (104) (1) 211 70
Unrecognized prior service cost . . . . . . . . . . . . . . . . . . . . . . . . . .
(20,784) (134,440) (1,256) (748) (501) (5)
Net amount recognized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥(173,243) ¥(179,582) $(1,678) ¥(43,163) ¥(24,684) $(231)
Amounts recognized in the consolidated balance sheet consist of:
Prepaid benefit cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—¥(001,795 $(0,017 ¥(02,609 ¥(01,351 $(013
Accrued pension and severance costs, including current
portion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥(322,677) (309,957) (2,897) (61,452) (42,934) (401)
Intangibles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21,263 ——113 41 0
Accumulated other comprehensive income . . . . . . . . . . . . . . .
128,171 128,580 1,202 15,567 16,858 157
Net amount recognized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥(173,243) ¥(179,582) $(1,678) ¥(43,163) ¥(24,684) $(231)
The accumulated benefit obligation for all defined benefit pension plan 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
Accumulated benefit obligation . . . . . . . . . . . . . . . . . . . . . . . . . .
¥830,898 ¥835,420 $7,808 ¥129,879 ¥121,176 $1,132
The projected benefit obligations, the accumulated benefit obligations and fair value of plan assets for the pension plans with accu-
mulated benefit obligations in excess of plan assets 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
Projected benefit obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . .
¥991,030 ¥898,985 $8,402 ¥135,459 ¥132,556 $1,239
Accumulated benefit obligations . . . . . . . . . . . . . . . . . . . . . . . . .
830,362 835,420 7,808 113,020 115,147 1,076
Fair value of plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
512,720 533,926 4,990 74,167 86,070 804
Weighted-average assumptions used to determine benefit obligations as of March 31, 2003, 2004 and 2005 were as follows:
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