Toyota 2008 Annual Report Download - page 119

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117
•Annual Report 2008 • TOYOTA
Performance Messages from the Management &
•Overview •Management •Special Feature •Business Overview •Corporate Information •Financial Section •Investor Information •
Amounts recognized in accumulated other comprehensive income (loss) as of March 31, 2007 and 2008 are comprised of the following:
U.S. dollars
Yen in millions in millions
March 31, March 31,
2007 2008 2008
Net actuarial loss ........................................................................................................................... ¥ (14,041) ¥(217,138) $(2,167)
Prior service costs .......................................................................................................................... 130,543 125,553 1,253
Net transition obligation............................................................................................................... (9,402) (7,458) (75)
Net amount recognized........................................................................................................ ¥107,100 ¥(99,043) $ (989)
U.S. dollars
Yen in millions in millions
March 31, March 31,
2007 2008 2008
Projected benefit obligation......................................................................................................... ¥529,354 ¥508,505 $5,075
Accumulated benefit obligation ..................................................................................................498,127 467,421 4,665
Fair value of plan assets ................................................................................................................ 95,274 91,723 915
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,
2006 2007 2008 2008
Service cost.......................................................................................................... ¥ 64,582 ¥ 80,414 ¥ 96,454 $ 963
Interest cost ......................................................................................................... 40,196 48,128 54,417 543
Expected return on plan assets.......................................................................... (24,278) (38,139) (43,450) (434)
Amortization of prior service costs .................................................................... (17,037) (17,301) (17,162) (171)
Recognized net actuarial loss............................................................................. 19,489 8,299 4,013 40
Amortization of net transition obligation.......................................................... 1,944 1,944 1,944 19
Net periodic pension cost .............................................................................. ¥ 84,896 ¥ 83,345 ¥ 96,216 $ 960
Other changes in plan assets and benefit obligations recognized in other comprehensive income (loss) for the year ended March 31,
2008 are as follows:
U.S. dollars
Yen in millions in millions
For the year ended For the year ended
March 31, March 31,
2008 2008
Net actuarial loss ............................................................................................................................................... ¥(227,439) $(2,270)
Recognized net actuarial loss........................................................................................................................... 4,013 40
Prior service costs.............................................................................................................................................. 7,619 76
Amortization of prior service costs .................................................................................................................. (17,162) (171)
Amortization of net transition obligation ........................................................................................................ 1,944 19
Other .................................................................................................................................................................. 24,882 248
Total recognized in other comprehensive income (loss) ...........................................................................¥(206,143) $(2,058)
The accumulated benefit obligation for all defined benefit pen-
sion plans was ¥1,552,827 million and ¥1,547,218 million ($15,443
million) at March 31, 2007 and 2008, respectively.
The projected benefit obligation, accumulated benefit obliga-
tion and fair value of plan assets for which the accumulated bene-
fit obligations exceed plan assets are as follows: