Pentax 2006 Annual Report Download - page 61

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
The Company and its domestic subsidiaries are subject to
Japanese national and local income taxes which, in the aggregate,
resulted in a normal effective statutory tax rate of approximately
40.4% for the years ended March 31, 2006 and 2005 and 41.7%
for the year ended March 31, 2004.
No. 10 INCOME TAXES
Significant components of deferred tax assets and liabilities as of March 31, 2006 and 2005 were as follows:
Millions of Yen Thousands of U.S. Dollars
2006 2005 2006
Current:
Deferred tax assets:
Inventories—intercompany unrealized profits ¥1,692 ¥1,711 $14,404
Accrued bonuses to employees 1,602 1,529 13,638
Accrued loss on clarification of soil pollution and others 1,474 12,548
Accrued enterprise taxes 728 692 6,197
Accrued expenses —498 —
Inventories—loss on write-down 254 455 2,162
Other 1,658 1,616 14,114
Total ¥7,408 ¥6,501 $63,063
Non-current:
Deferred tax assets:
Amortization of goodwill and property, plant and equipment ¥1,962 ¥1,876 $16,702
Loss on impairment of long-lived assets 1,376 862 11,714
Loss on closure of plant in the next year —510 —
Allowance for doubtful receivables 105 117 894
Other 259 624 2,205
Total 3,702 3,989 31,515
Deferred tax liabilities:
Reserves for special depreciation and other 705 700 6,002
Other 240 191 2,043
Total 945 891 8,045
Net deferred tax assets ¥2,757 ¥3,098 $23,470