Oki 2011 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2011 Oki 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 48

  • 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

36 Annual Report 2011
Assumptions used in the actuarial calculation:
Discount rate:
Expected rates of return:
Amortization period for prior service cost:
Amortization period for actuarial difference:
Amortization period for transition obligation arising from the
initial adoption of a new method of accounting:
12-13 years (amortized by the
straight-line method over a
period which falls within the
average remaining years of serv-
ice of the participants in the
plans, commencing the year
subsequent to the year in which
the cost was incurred).
20102011
Years ended March 31,
2.10%
1.00%
2.10%
0.50%
14 years (amortized by the
straight-line method over a
period which falls within the
average remaining years of serv-
ice of the participants in the
plans, commencing the year
subsequent to the year in which
the cost was incurred).
12-13 years (amortized by the
straight-line method over a
period which falls within the
average remaining years of serv-
ice of the participants in the
plans, in the year subsequent to
the year in which such differ-
ence was incurred).
13-14 years (amortized by the
straight-line method over a
period which falls within the
average remaining years of serv-
ice of the participants in the
plans, in the year subsequent to
the year in which such differ-
ence was incurred).
15 years, except for certain consolidated subsidiaries which charged
or credited it to income when incurred, and certain overseas sub-
sidiaries which charge it directly to retained earnings.
9. INCOME TAXES
Deferred tax assets and liabilities at March 31, 2011 and 2010 consisted of the following:
Deferred tax assets:
Loss carryforwards
Nondeductible accounts payable for revision of retirement payment plan
Nondeductible retirement benefits
Nondeductible accrued bonuses
Nondeductible write-downs of inventories
Nondeductible loss on impairment of fixed assets
Excess of allowance for doubtful receivables
Net unrealized holding loss on securities
Other
Gross deferred tax assets
Less: Valuation allowance
Total deferred tax assets
Deferred tax liabilities:
Nondeductible unrealized gain on contribution of securities to a pension trust
Net unrealized holding gain on other securities
Other
Total deferred tax liabilities
Net deferred tax assets
2011 2010 2011
¥ 37,353
14,960
11,679
3,116
3,064
1,846
1,057
1,023
7,239
81,341
(68,635)
12,705
(4,362)
—
(420)
(4,783)
¥ 7,922
¥ 30,867
—
18,519
2,450
3,068
1,948
1,521
1,044
5,112
64,531
(54,432)
10,098
(1,567)
(1,515)
(47)
(3,130)
¥ 6,968
$ 450,036
180,240
140,710
37,542
36,915
22,240
12,734
12,325
87,216
980,012
(826,927)
153,072
(52,554)
—
(5,060)
(57,626)
$ 95,445
Millions of yen
Thousands of
U.S. dollars
Net deferred tax assets are included in the consolidated balance sheets as follows:
Other current assets
Other assets
Other current liabilities
Net deferred tax assets
2011 2010 2011
¥ 6,146
1,777
1
¥ 7,922
¥ 4,008
2,960
—
¥ 6,968
$ 74,048
21,409
12
$ 95,445
Millions of yen
Thousands of
U.S. dollars