Pentax 2008 Annual Report Download - page 68

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$ 19,982
28,296
5,999
15,890
51,103
45,444
(15,870)
150,844
(25,951)
(17,457)
(43,408)
$107,436
$199,740
201,228
10,151
5,300
1,308
25,641
22,976
(47,949)
418,395
(2,885)
(2,914)
(1,976)
(1,657)
(9,432)
$408,963
2008 2007 2008
Current:
Deferred tax assets:
Inventories—intercompany unrealized profits
Accrued bonuses to employees
Accrued loss on clarification of soil pollution and others
Accrued enterprise taxes
Inventories—loss on write-down
Other
Less valuation allowance
Total
Deferred tax liabilities:
Undistributed earnings of associated companies
Other
Total
Net deferred tax assets
Non-Current:
Deferred tax assets:
Asset adjuetment account
Net operating loss carried forward
Amortization of goodwill and property, plant and equipment
Loss on impairment of long-lived assets
Allowance for doubtful receivables
Loss on devaluation of investment securities
Other
Less valuation allowance
Total
Deferred tax liabilities:
Reserves for special depreciation and other
Depreciation expense
Reserves for deferred gains on fixed assets
Other
Total
Net deferred tax assets
¥ 2,002
2,835
601
1,592
5,120
4,553
(1,590)
15,113
(2,600)
(1,749)
(4,349)
¥10,764
¥20,012
20,161
1,017
531
131
2,569
2,302
(4,804)
41,919
(289)
(292)
(198)
(166)
(945)
¥40,974
¥2,647
1,656
—
923
78
1,764
—
7,068
—
—
7,068
¥7,068
¥ —
—
1,577
622
111
—
1,119
—
3,429
(540)
—
—
(165)
(705)
¥2,724
Thousands of U.S. DollarsMillions of Yen
Notes to Consolidated Financial Statements
Hoya Corporation and Subsidiaries
No. 9 INCOME TAXES
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, 2008, 2007 and 2006.
Significant components of deferred tax assets and liabilities as of March 31, 2008 and 2007 were as follows:
66