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47 ANNUAL REPORT 2007
9. INCOME TAXES
Income from continuing operations before income taxes, minority interests and equity in earnings of affiliates and provision for income taxes for the
years ended March 31, 2005, 2006 and 2007 are as follows:
Thousands of
Millions of Yen U.S. Dollars
2005 2006
2007 2007
Income from continuing operations before income taxes, minority interests
and equity in earnings of affiliates:
Domestic ¥ 84,162 ¥105,785
¥107,749 $ 913,127
Foreign 46,821 46,981
66,770 565,847
¥130,983 ¥152,766
¥174,519 $1,478,975
Provision for income taxes:
Current:
Domestic ¥ 28,079 ¥ 43,584
¥ 47,530 $ 402,797
Foreign 11,200 17,273
18,993 160,958
39,279 60,857
66,523 563,754
Deferred:
Domestic 6,945 (2,178)
(741) (6,280)
Foreign 2,616 (2,514)
(1,456) (12,339)
9,561 (4,692)
(2,197) (18,619)
Consolidated provision for income taxes ¥ 48,840 ¥ 56,165
¥ 64,326 $ 545,136
The changes in the carrying amounts of goodwill for the year ended
March 31, 2006 and 2007, are as follows:
Thousands of
Millions of Yen U.S. Dollars
2006
2007 2007
Balance at beginning of year ¥47,502
¥51,934 $440,119
Goodwill acquired during the year 1,783
20,172 170,949
Goodwill sold during the year
-
608 5,153
Foreign exchange impact 2,649
550 4,661
Balance at end of year ¥51,934
¥72,048 $610,576
As of March 31, 2007, all of the carrying value of goodwill was allocated
to the Office Solutions segment.
Gross carrying amount of software was increased for the year ended
March 31, 2007 mainly due to the capitalization of costs to develop
back-office information systems.
The aggregate amortization expense of other intangible assets subject to
amortization for the years ended March 31, 2005, 2006 and 2007 was
¥11,327 million, ¥16,624 million and ¥17,200 million ($145,763
thousand). The future amortization expense for each of the next five
years relating to intangible assets currently recorded in the consolidated
balance sheets is estimated to be the following at March 31, 2007:
Thousands of
Years ending March 31 Millions of Yen U.S. Dollars
2008 ¥18,282 $154,932
2009 16,001 135,602
2010 10,293 87,229
2011 7,299 61,856
2012 5,497 46,585