Annual Report 2012 [PDF:5300KB] - FUNAI Global

The proceeds, realized gains and realized losses of the available-for-sale securities, which were sold during the years ended March
31, 2012 and 2011 were as follows:
March 31, 2012
Proceeds
(Millions of yen)
Available-for-sale:
Equity securities ¥ 450 ¥ 3 ¥ 314
Total ¥ 450 ¥ 3 ¥ 314
Realized
Gains
March31,2011
Available-for-sale:
Equity securities ¥ 482 ¥283
Total ¥ 482 ¥283
March 31, 2012
Proceeds
(Thousands of U.S. dollars)
Available-for-sale:
Equity securities $5,488 $ 36 $3,829
Total $5,488 $ 36 $3,829
The impairment losses on available-for-sale equity securities for the years ended March 31, 2012 and 2011 were ¥0 million ($0
thousand) and ¥1 million, respectively.
6. SHORT-TERM BANK LOANS AND LONG-TERM DEBT
Short-term bank loans bore interest at annual average rate of 1.8% at March 31, 2012 and 2011.
Long-term debt at March 31, 2012 and 2011 consisted of the following:
Realized
Gains
(Millions of yen)
Realized
Losses
Realized
Losses
(Thousands of
U.S. dollars)
March 31, March 31,
2012 2011 2012
Unsecured loans from banks and other financial institutions,
due serially to 2013 with average interest rates of 0.6%
¥ 33 ¥ 567 $ 402
Obligations under finance leases 506 574 6,171
Total ¥539 ¥1,141 $6,573
Less current portion (258) (739) (3,146)
Long-term debt, less current portion ¥281 ¥ 402 $3,427
Annual maturities of long-term debt, excluding finance leases (see Note 13), at March 31, 2012 were as follows:
Year ending March 31
(Millions of yen)
(Thousands of
U.S. dollars)
2013 ¥ 33 $ 402
Total ¥ 33 $ 402
7. RETIREMENT AND PENSION PLANS
The Company and certain consolidated subsidiaries have severance payment plans for employees, directors, corporate auditors and
executive officers. Under most circumstances, employees terminating their employment are entitled to retirement benefits determined
based on the rate of pay at the time of termination, years of service and certain other factors. Such retirement benefits are made in the
form of a lump-sum severance payment from the Company or from certain consolidated subsidiaries and annuity payments from a
trustee. Employees are entitled to larger payments if the termination is involuntary, by retirement at the mandatory retirement age, by
death, or by voluntary retirement at certain specific ages prior to the mandatory retirement age.
The Company and certain consolidated subsidiaries have non-contributory funded defined benefit pension plans and unfunded
retirement benefit plans for employees. Certain consolidated foreign subsidiaries also have defined contribution pension plans.
The liability for employees’ retirement benefits at March 31, 2012 and 2011 consisted of the followings:
39 Annual Report 2012