PDF : 3518KB - Alpine
PDF : 3518KB - Alpine
PDF : 3518KB - Alpine
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9. Income Taxes<br />
The Companies are subject to a number of taxes based on income, which, in the aggregate, indicate statutory rates in Japan of approximately 40% for<br />
the years ended March 31, 2009, 2008 and 2007.<br />
Reconciliation of the statutory tax rate and the Company’s effective tax rate for the year ended March 31, 2008 and 2007 were omitted due to the small<br />
difference. Reconciliation of the statutory tax rate and the Company’s effective tax rate for the year ended March 31, 2009 was not described due to loss<br />
before income taxes and minority interests.<br />
The significant components of the Companies’ deferred tax assets and liabilities as of March 31, 2009 and 2008 were as follows:<br />
Millions of Yen<br />
Thousands of U.S. Dollars<br />
2009 2008 2009<br />
Deferred tax assets:<br />
Provision for product warranties ¥ 844 ¥ 1,041 $ 8,592<br />
Depreciation 1,886 2,174 19,200<br />
Provision for retirement benefits 90 164 916<br />
Accrued expenses 112 138 1,140<br />
Elimination of unrealized profit 30 796 305<br />
Carried deficit 1,542 — 15,698<br />
Other 3,084 2,921 31,396<br />
Valuation reserve (5,228) (304) (53,222)<br />
Offset allowed against deferred tax liabilities (601) (3,241) (6,118)<br />
Total deferred tax assets ¥ 1,759 ¥ 3,689 $ 17,907<br />
Deferred tax liabilities:<br />
Valuation difference on available-for-sale securities ¥ 2,028 ¥ 3,059 $ 20,645<br />
Other 1,575 1,595 16,034<br />
Offset allowed against deferred tax assets (601) (3,241) (6,118)<br />
Total deferred tax liabilities ¥ 3,002 1,413 30,561<br />
Net deferred tax assets(liabilities) ¥(1,243) ¥ 2,276 $(12,654)<br />
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