Konica Minolta 2015 Annual Report Download - page 111

(1)Deferred tax assets and deferred tax liabilities
1) Recognized deferred tax assets and deferred tax liabilities
Deferred tax assets and deferred tax liabilities are attributable to the following factors:
16. Income taxes
2) Temporary differences not recognized as deferred tax assets
The Group recognizes deferred tax assets after taking into consideration deductible temporary differences, the forecasted future
taxable profits and tax planning. Deductible temporary differences and net losses carried forward that are not recognized for
deferred tax assets on this basis are as follows:
Net losses carried forward that are not expected to recognized for deferred tax assets, as of the end of the current fiscal year is as
follows;
Millions of yen
Thousands of
U.S. dollars
2015 2014 2015
Balance, beginning of the year ··········································································································································· ¥71,553 ¥68,970 $595,431
Recognized in profit or loss ······················································································································································ (10,056) 2,318 (83,681)
Recognized in other comprehensive income ····························································································· (1,651) (780) (13,739)
Business combinations ···································································································································································· 19 - 158
Others ···························································································································································································································· 1,481 1,044 12,324
Balance, end of the year ································································································································································ ¥61,346 ¥71,553 $510,493
Millions of yen
Thousands of
U.S. dollars
2015 2014 2013 2015
Retirement benefits ·················································································································· ¥27,565 ¥30,626 ¥30,660 $229,383
Property, plant and equipment ············································································· 2,851 3,157 3,700 23,725
Intangible assets ··························································································································· (2,927) (2,834) (2,859) (24,357)
Inventories ··············································································································································· 13,145 12,086 8,728 109,387
Others ····························································································································································· 7,122 10,707 5,882 59,266
Net losses carried forward ·························································································· 19,501 35,192 50,283 162,278
Valuation allowance ················································································································· (5,912) (17,382) (27,424) (49,197)
Total ···································································································································································· 61,346 71,553 68,970 510,493
Deferred tax assets ·················································································································· 64,291 74,348 71,605 535,000
Deferred tax liabilities ············································································································ ¥ 2,944 ¥ 2,794 ¥ 2,634 $ 24,499
Millions of yen
Thousands of
U.S. dollars
2015 2014 2013 2015
Deductible temporary differences ··································································· ¥ 1,463 ¥16,958 ¥20,094 $ 12,174
Net losses carried forward ·························································································· ¥15,625 ¥30,651 ¥52,207 $130,024
Millions of yen
Thousands of
U.S. dollars
2015 2014 2013 2015
5 years or less ··································································································································· ¥ 636 ¥ 7,721 ¥ 5,122 $ 5,293
More than 5 years ······················································································································ 14,988 22,929 47,084 124,723
Total ···································································································································································· ¥15,625 ¥30,651 ¥52,207 $130,024
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KONICA MINOLTA, INC. Annual Report 2015
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