Mitsubishi 2002 Annual Report Download - page 57

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55
The significant components of deferred tax assets and liabilities as of March 31, 2002 and 2001 were as follows:
(In thousands of
(In millions of yen) U.S. dollars)
March 31, 2002 2001 2002
Deferred tax assets:
Net operating loss carry forward ¥134,409 ¥145,671 $1,008,698
Accrued retirement benefits 50,337 57,412 377,764
Other 160,652 102,074 1,205,644
Less valuation allowance (120,596) (109,507) (905,036)
Total deferred tax assets 224,803 195,650 1,687,077
Deferred tax liabilities:
Reserves under the Special Taxation Measures Law (16,822) (20,158) (126,244)
Differences between cost of investments and
underlying net equity at fair value (17,858) (19,575) (134,019)
Accelerated depreciation (13,710) (20,657) (102,889)
Other (30,023) (45,982) (225,313)
Total deferred tax liabilities (78,415) (106,375) (588,480)
Net deferred tax assets ¥146,387 ¥89,275 $1,098,589
Deferred tax assets and liabilities at March 31, 2002 and 2001 are included in the consolidated balance sheets as follows:
(In thousands of
(In millions of yen) U.S. dollars)
Year ended March 31, 2002 2001 2002
Current assets ¥71,692 ¥97,102 $538,026
Investments and other assets 91,913 11,261 689,779
Other current liabilities (33) (25) (248)
Other liabilities (17,184) (19,062) (128,961)
Net deferred tax assets ¥146,387 ¥89,275 $1,098,589