Integrated Report 2019

92/110

(2) Reconciliation statement for the beginning balance and the ending balance of plan assetsMillions of yen Thousands ofU.S. dollars201920182019Plan assets at beginning of year¥24,391¥24,603$219,767Expected return on plan assets7527326,779Actuarial gains (losses)(291)63(2,625)Contributions from the employer5055104,550Retirement benefits paid(1,703)(1,518)(15,352)Plan assets at end of year¥23,654¥24,391$213,119(3) Reconciliation statement for the ending balance of retirement benefit obligations and plan assets and net defined benefit liability or asset recorded in the consolidated financial statementsMillions of yen Thousands ofU.S. dollars201920182019Retirement benefit obligations of a funded pension plan¥ 37,641¥ 36,565$ 339,143Plan assets(23,654)(24,391)(213,119)13,98712,173126,024Retirement benefit obligations of an unfunded pension plan8548327,699Net amount of liabilities and assets recorded in the consolidated balance sheet¥ 14,841¥ 13,006$ 133,723Net defined benefit liability¥ 14,841¥ 13,006$ 133,723Net defined benefit asset―――Net amount of liabilities and assets recorded in the consolidated balance sheet¥ 14,841¥ 13,006$ 133,723(4) Components of retirement benefit expensesMillions of yen Thousands ofU.S. dollars201920182019Service cost¥1,950¥1,795$17,577Interest cost1931891,741Expected return on plan assets(752)(732)(6,779)Amortization of actuarial losses (gains)3514623,167Amortization of prior service cost(218)(277)(1,968)Other(0)0(2)Retirement benefit expenses for the defined benefit plans¥1,524¥1,437$13,736Notes:i.Retirement benefit expenses of consolidated subsidiaries using the simplified method are included in service cost.ii.Employee’s contributions to the corporate pension fund are not included in the retirement benefit expenses for the defined benefit plans.iii.Other than the above retirement benefit costs in defined benefit pension plan, MADICO, INC. records special retirement expenses amounted to ¥866 million which was included in “Provision for business structure improvement” as Extraordinary loss for the year ended March 31, 2018.90LINTEC INTEGRATED REPORT 2019Financial Information