Panasonic 2003 Annual Report Download - page 61

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Matsushita Electric Industrial 2003 59
13. Income Taxes
For the year ended March 31, 2003, domestic
income taxes—deferred include the impact of
¥22,317 million ($185,975 thousand) attributable to
adjustments of net deferred tax assets to reflect the
reduction in the statutory income tax rate due to revi-
sions to local enterprise income tax law on introduction
of a new pro-forma standard taxation system.
Income (loss) before income taxes and income taxes for the three years ended March 31, 2003 are summarized as
follows:
Millions of yen
Domestic Foreign Total
For the year ended March 31, 2003
Income (loss) before income taxes ....................................... ¥ (46,634) ¥115,550 ¥ 68,916
Income taxes:
Current............................................................................. 27,224 24,480 51,704
Deferred ........................................................................... 18,162 1,410 19,572
Total income taxes .......................................................... ¥ 45,386 ¥ 25,890 ¥ 71,276
For the year ended March 31, 2002
Loss before income taxes ..................................................... ¥(537,387) ¥ (392) ¥(537,779)
Income taxes:
Current............................................................................. 12,450 21,452 33,902
Deferred ........................................................................... (77,619) (9,558) (87,177)
Total income taxes .......................................................... ¥ (65,169) ¥ 11,894 ¥ (53,275)
For the year ended March 31, 2001
Income before income taxes................................................ ¥ 39,164 ¥066,333 ¥ 105,497
Income taxes:
Current............................................................................. 97,813 29,276 127,089
Deferred ........................................................................... (68,800) (3,320) (72,120)
Total income taxes .......................................................... ¥ 29,013 ¥ 25,956 ¥ 54,969
Thousands of U.S. dollars
For the year ended March 31, 2003 Domestic Foreign Total
Income (loss) before income taxes ....................................... $(388,617) $962,917 $574,300
Income taxes:
Current............................................................................. 226,867 204,000 430,867
Deferred ........................................................................... 151,350 11,750 163,100
Total income taxes .......................................................... $ 378,217 $215,750 $593,967