Toyota 2015 Annual Report Download - page 184

TOYOTA MOTOR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Reclassifications for the years ended March 31, 2014, 2015 and 2016 consist of the following:
Yen in millions
For the years ended March 31, Affected line items
in the consolidated statements of income2014 2015 2016
Foreign currency translation adjustments:
— — 28,052 Other income (loss), net
— — 28,052 Income before income taxes and
equity in earnings of affiliated
companies
— — 28,052 Net income
Unrealized gains (losses) on securities:
(29) (7,727) (779) Financing operations
5,079 (14,552) (27,275) Foreign exchange gain, net
(18,469) (7,446) (6,185) Other income (loss), net
(13,419) (29,725) (34,239) Income before income taxes and
equity in earnings of affiliated
companies
5,209 11,013 9,832 Provision for income taxes
204 (2) 3,896 Equity in earnings of affiliated
companies
(8,006) (18,714) (20,511) Net income
Pension liability adjustments:
Recognized net actuarial loss ......... 17,786 10,194 12,971 *1
Amortization of prior service costs ..... (5,207) (4,346) (4,234) *1
12,579 5,848 8,737 Income before income taxes and
equity in earnings of affiliated
companies
(4,682) (2,153) (3,318) Provision for income taxes
7,897 3,695 5,419 Net income
Total reclassifications, net of tax ........... (109) (15,019) 12,960
Amounts of reclassifications in parentheses indicate gains in the consolidated statements of income.
*1: These components are included in the computation of net periodic pension cost. See note 20 to the
consolidated financial statements for additional information.
19. Stock-based compensation:
In June 1997, the parent company’s shareholders approved a stock option plan for board members. In June
2001, the shareholders approved an amendment of the plan to include both board members and key employees.
Each year until June 2010, since the plans’ inception, the shareholders have approved the authorization for the
grant of options for the purchase of the parent company’s common stock. Authorized shares for each year that
remain ungranted are unavailable for grant in future years. Stock options granted in and after August 2006 have
terms of 8 years and an exercise price equal to 1.025 times the closing price of Toyota’s common stock on the
date of grant. These options generally vest 2 years from the date of grant.
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