Mazda 2010 Annual Report Download - page 67

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65
                      
The appropriations are not accrued in the consolidated financial statements for the corresponding period, but are
recorded in the subsequent accounting period after shareholders’ approval has been obtained. Retained earnings at
March 31, 2010 include amounts representing year-end cash dividends of ¥5,311 million ($57,108 thousand), which
were approved at the shareholders’ meeting held on June 24, 2010. For the year ended March 31, 2009, no year-end
dividends were appropriated.
 
The components of “Other, net” in Other income/(expenses) in the consolidated statements of operations for the years
ended March 31, 2010 and 2009 were comprised as follows:
Thousands of
Millions of yen U.S. dollars
For the years ended March 31 2010 2009 2010
Gain on sale of investment securities, net ¥ 10 ¥ 77 $ 108
Gain on sale of investment in affiliates, net 440 — 4,731
Reversal of investment valuation allowance 227 — 2,441
Loss on retirement and sale of property, plant and equipment, net (3,012) (2,707) (32,387)
Rental income 2,035 2,179 21,882
Loss on sale of receivables (1,397) (5,376) (15,022)
Loss on impairment of long-lived assets (2,495) (28,262) (26,828)
Foreign exchange (loss)/gain (807) 29,057 (8,677)
Compensation received for the exercise of eminent domain 311 251 3,344
Reserve for loss from business of affiliates (5,862) — (63,032)
Reserve for environmental measures (1,464) — (15,742)
Other (1,505) (4,840) (16,184)
¥(13,519) ¥ (9,621) $(145,366)
 
For the years ended March 31, 2010 and 2009, since loss before income taxes was reported, the information on the
reconciliation from statutory tax rate to effective tax rate is not provided in accordance with the applicable provisions
of Japanese GAAP.
Deferred tax assets and liabilities reflect the estimated tax effects of loss carryforwards and accumulated
temporary differences between assets and liabilities for financial accounting purposes and those for tax purposes. The
significant components of deferred tax assets and liabilities as of March 31, 2010 and 2009 were as follows:
Thousands of
Millions of yen U.S. dollars
As of March 31 2010 2009 2010
Deferred tax assets:
Allowance for doubtful receivables ¥ 2,060 ¥ 2,219 $ 22,151
Employees’ severance and retirement benefits 32,970 34,989 354,516
Loss on impairment of long-lived assets 11,183 12,982 120,247
Accrued bonuses and other reserves 25,316 25,723 272,215
Inventory valuation 4,759 10,089 51,172
Valuation loss on investment securities, etc. 1,202 1,202 12,925
Net operating loss carryforwards 82,569 47,615 887,839
Other 56,159 63,065 603,860
Total gross deferred tax assets 216,218 197,884 2,324,925
Less valuation allowance (59,949) (45,888) (644,613)
Total deferred tax assets 156,269 151,996 1,680,312
Deferred tax liabilities:
Reserves under Special Taxation Measures Law (6,225) (6,662) (66,935)
Other (2,477) (5,769) (26,635)
Total deferred tax liabilities (8,702) (12,431) (93,570)
Net deferred tax assets ¥147,567 ¥139,565 $1,586,742
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