Canon 2004 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2004 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

70
CANON INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
(13) Income Taxes
Domestic and foreign components of income before income
taxes and minority interests, and the current and deferred
income tax expense (benefit) attributable to such income are
summarized as follows:
Contributions
Canon expects to contribute ¥36,183 million ($347,913
thousand) to its defined benefit plans for the year ending
December 31, 2005.
Estimated future benefit payments
The following benefit payments, which reflect expected future
service, as appropriate, are expected to be paid:
Year ending December 31 Thousands of
Millions of yen U.S. dollars
2005 ¥ 8,074 $ 77,635
2006 9,235 88,798
2007 10,552 101,462
2008 12,118 116,519
2009 13,410 128,942
2010 — 2014 86,720 833,846
Year ended December 31 Millions of yen
Japanese Foreign Total
2004: Income before income taxes and minority interests ¥ 447,864 104,252 552,116
Income taxes:
Current ¥ 162,679 22,275 184,954
Deferred (1,065) 10,125 9,060
¥161,614 32,400 194,014
2003: Income before income taxes and minority interests ¥ 337,093 111,077 448,170
Income taxes:
Current ¥ 132,204 33,484 165,688
Deferred (5,828) 2,793 (3,035)
¥126,376 36,277 162,653
2002: Income before income taxes and minority interests ¥ 237,677 92,340 330,017
Income taxes:
Current ¥ 109,102 27,389 136,491
Deferred (7,212) 5,424 (1,788)
¥101,890 32,813 134,703
Thousands of U.S. dollars
Japanese Foreign Total
2004: Income before income taxes and minority interests $ 4,306,385 1,002,423 5,308,808
Income taxes:
Current $ 1,564,222 214,183 1,778,405
Deferred (10,241) 97,356 87,115
$1,553,981 311,539 1,865,520