Casio 2013 Annual Report Download - page 26

Income taxes
Taxes on income consist of corporation, inhabitants’ and enterprise taxes.
The Group recognizes tax effects of temporary differences between the financial statement and the tax
basis of assets and liabilities. The provision for income taxes is computed based on the income before
income taxes and minority interests included in the statements of income of each company of the Group.
The asset and liability approach is used to recognize deferred tax assets and liabilities for the expected
future tax consequences of temporary differences.
Appropriations of retained earnings
Appropriations of retained earnings are accounted for and reflected in the accompanying consolidated
financial statements when approved by the shareholders.
Amounts per share of common stock
Net income per share of common stock is computed based on the weighted average number of shares of
common stock outstanding during each fiscal year (less the treasury stock).
Cash dividends per share represent the actual amount applicable to the respective years.
Reclassifications
Certain reclassifications have been made in the 2012 consolidated financial statements to conform to the
2013 presentation.
Accounting standard and guidance that are yet to be adopted
“Accounting Standard for Retirement Benefits” (ASBJ Statement No. 26, issued on May 17, 2012)
“Guidance on Accounting Standard for Retirement Benefits” (ASBJ Guidance No. 25, issued on May 17,
2012)
(1) Overview
From the standpoint of improving financial reporting and considering international trends, the afore-
mentioned accounting standard and guidance principally reflect the following amendments: Changes
in the treatment of unrecognized actuarial differences and prior service costs; Amendments to the
determination of projected benefit obligation and current service costs; and Enhanced disclosures.
(2) Planned Effective Dates
The Company plans to adopt the above accounting standard and guidance effective from the end of
the fiscal year ending March 31, 2014. However, amendments to the determination of retirement
benefit obligations and current service costs are scheduled to be applied from the beginning of the
fiscal year ending March 31, 2015.
(3) Effect of Adopting this Accounting Standard and Guidance
The Company is currently evaluating the effect of adopting this accounting standard and guidance on
the consolidated financial statements at the time of preparation of these statements.
3. Cash and Cash Equivalents
(1) Cash and cash equivalents at March 31, 2013 and 2012:
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Cash and deposits ¥ 56,029 ¥ 53,128 $ 596,053
Time deposits over three months (10,267) (10,075) (109,223)
Debt securities within three months to maturity 36,098 38,227 384,021
Short-term loans receivable with resale agreement 15,490 19,430 164,787
Cash and cash equivalents ¥ 97,350 ¥100,710 $1,035,638
(2) Breakdown of decrease in assets and liabilities resulting from transfer of business
For 2012
The following table provides a breakdown of the decrease in assets and liabilities resulting from the transfer
of the wafer level package (WLP)-related business formerly operated by the Company and its consolidated
subsidiary Casio Micronics Co., Ltd., in addition to details regarding the monetary amount received from the
transferred business and proceeds from transfer of business.
Millions of Yen
2012
Current assets ¥2,006
Noncurrent assets 2,546
Total assets 4,552
Current liabilities 1,985
Noncurrent liabilities 345
Total liabilities 2,330
Compensation for share transfer 600
Cash and cash equivalents (230)
Proceeds from transfer of business 370
(3) Significant non-cash transactions
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Assets relating to finance lease transactions ¥683 ¥841 $7,266
Obligations relating to finance lease transactions 719 882 7,649
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance Corporate Data
PAGE 25
Move back to
previous page
Move forward to
next page
Search
Print
Financial Section