Toyota 2007 Annual Report Download - page 121

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ANNUAL REPORT 2007 119
Amounts recognized in the consolidated balance sheet as of March 31, 2006 are comprised of the following:
Yen in millions
March 31,
2006
Accrued pension and severance costs................................................................................. ¥ 679,918
Investments and other assets – other (Prepaid pension and severance costs) ................ (190,987)
Investments and other assets – other (Intangible assets)................................................... (7,112)
Accumulated other comprehensive loss ............................................................................. (36,868)
Net amount recognized .................................................................................................... ¥ 444,951
Amounts recognized in the consolidated balance sheet as of March 31, 2007 are comprised of the following:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2007 2007
Accrued expenses (Accrued pension and severance costs) .................................................................... ¥ 30,951 $ 262
Accrued pension and severance costs....................................................................................................... 640,586 5,427
Investments and other assets – other (Prepaid pension and severance costs) ...................................... (389,019) (3,296)
Net amount recognized .......................................................................................................................... ¥ 282,518 $ 2,393
Amounts recognized in accumulated other comprehensive income as of March 31, 2007 are comprised of the following:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2007 2007
Net actuarial loss.......................................................................................................................................... ¥ (14,041) $ (119)
Prior service costs......................................................................................................................................... 130,543 1,106
Net transition obligation ............................................................................................................................. (9,402) (80)
Net amount recognized .......................................................................................................................... ¥107,100 $ 907
The accumulated benefit obligation for all defined benefit
pension plans was ¥1,474,574 million and ¥1,552,827 million
($13,154 million) at March 31, 2006 and 2007, respectively.
The projected benefit obligation, accumulated benefit oblig-
ation and fair value of plan assets for which the accumulated
benefit obligations exceed plan assets are as follows:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2006 2007 2007
Projected benefit obligation................................................................................................. ¥535,482 ¥529,354 $4,484
Accumulated benefit obligation........................................................................................... 511,668498,127 4,220
Fair value of plan assets ........................................................................................................ 83,790 95,274 807
Components of the net periodic pension cost are as follows:
U.S. dollars
Yen in millions in millions
For the year
ended
For the years ended March 31, March 31,
2005 2006 2007 2007
Service cost ........................................................................................... ¥ 60,715 ¥ 64,582 ¥ 80,414 $ 681
Interest cost .......................................................................................... 37,790 40,196 48,128 408
Expected return on plan assets........................................................... (27,517) (24,278) (38,139) (323)
Amortization of prior service costs ..................................................... (16,599) (17,037) (17,301) (146)
Recognized net actuarial loss.............................................................. 22,366 19,489 8,299 70
Settlement loss resulting from the transfer
of the Substitutional Portion.............................................................. 74,344 — ——
Amortization of net transition obligation ........................................... 9,981 1,944 1,944 16
Net periodic pension cost ............................................................... ¥161,080 ¥ 84,896 ¥ 83,345 $ 706