Toyota 2006 Annual Report Download - page 116

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114
Information regarding Toyota’s defined benefit plans follow:
U.S.dollars
Yen in millions in millions
March 31, March 31,
2005 2006 2006
Change in benefit obligation
Benefit obligation at beginning of year...................................................................... ¥1,891,051 ¥1,450,739 $12,350
Service cost............................................................................................................... 60,715 64,582 550
Interest cost.............................................................................................................. 37,790 40,196 342
Plan participants’contributions ................................................................................. 1,078 578 5
Plan amendments ..................................................................................................... (47,535) (3,468) (30)
Projected benefit obligation settled due to the separation of
substitutional portion.............................................................................................. (304,184) ——
Actuarial gain or loss................................................................................................. (80,370) 33,878 288
Acquisition and other................................................................................................ (32,816) 59,956 511
Benefits paid............................................................................................................. (74,990) (63,503) (541)
Benefit obligation at end of year ........................................................................... 1,450,739 1,582,958 13,475
Change in plan assets
Fair value of plan assets at beginning of year............................................................. 1,049,815 934,684 7,957
Actual return on plan assets ...................................................................................... 43,866 276,416 2,353
Acquisition and other................................................................................................ (10,304) 35,908 306
Employer contributions ............................................................................................. 86,128 92,121 784
Plan participants’contributions ................................................................................. 1,078 578 5
Assets transferred to the government due to the separation of
substitutional portion.............................................................................................. (160,909) ——
Benefits paid............................................................................................................. (74,990) (63,503) (541)
Fair value of plan assets at end of year .................................................................. 934,684 1,276,204 10,864
Funded status ............................................................................................................... 516,055 306,754 2,611
Unrecognized actuarial loss........................................................................................... (256,628) (2,657) (23)
Unrecognized prior service costs.................................................................................... 171,753 152,200 1,296
Unrecognized net transition obligations ........................................................................ (13,290) (11,346) (96)
Net amount recognized ........................................................................................ ¥ 417,890 ¥444,951 $ 3,788
Amounts recognized in the consolidated balance sheets are comprised of the following:
U.S.dollars
Yen in millions in millions
March 31, March 31,
2005 2006 2006
Accrued pension and severance costs ............................................................................ ¥ 646,989 ¥ 679,918 $ 5,788
Prepaid pension and severance costs ............................................................................. (173,078) (190,987) (1,626)
Investments and other assets......................................................................................... (7,027) (7,112) (60)
Accumulated other comprehensive income.................................................................... (48,994) (36,868) (314)
Net amount recognized ............................................................................................ ¥ 417,890 ¥ 444,951 $ 3,788
The accumulated benefit obligation for all defined benefit pension plans was ¥1,284,339 million and ¥1,474,574 million
($12,553 million) at March 31, 2005 and 2006, respectively.