Square Enix 2007 Annual Report Download - page 46

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44
• FY2006 (April 1, 2006 to March 31, 2007)
1. Significant components of deferred tax assets and liabilities
are summarized as follows:
Millions of yen
Deferred tax assets
1) Current assets
Enterprise tax payable ¥ 114
Business office tax payable 50
Accrued bonuses, allowance for bonuses
to employees 760
Advances paid 36
Accrued expenses 588
Allowance for sales returns 536
Non-deductible portion of allowance for
doubtful accounts 119
Valuation loss on content production account 158
Inventory valuation loss 176
Loss on disposal of assets related to
business restructuring 919
Non-deductible amortization of goodwill 110
Loss carried forward 4,059
Other 173
Valuation allowance (1,871)
Offset to deferred tax liabilities (current) (298)
Total 5,634
2) Non-current assets
Non-deductible portion of allowance for
retirement benefits 500
Allowance for directors’ retirement benefits 64
Non-deductible depreciation expense of property
and equipment 577
Loss on investments in securities 763
Non-deductible portion of allowance for
doubtful accounts 902
Allowance for store closings 1,201
Loss carried forward 5,891
Other 362
Valuation allowance (5,220)
Offset to deferred tax assets (non-current assets) (102)
Total 4,939
Net deferred tax assets 10,573
Deferred tax liabilities
1) Current liabilities
Accrued expenses and other cost calculation details 298
Offset to deferred tax assets (non-current assets) (298)
Total —
2) Non-current liabilities
Other 102
Offset to deferred tax assets (non-current assets) (102)
Total deferred tax liabilities —
Balance: Net deferred tax assets (liabilities) ¥10,573
2. A reconciliation of the statutory tax rate and the effective
tax rate is as follows:
Statutory tax rate 40.70%
Permanent differences excluded from
non-taxable expenses 0.45
Taxation on per capita basis for inhabitants’ taxes 0.63
Foreign taxes 0.23
Amortization of goodwill 7.13
Valuation allowance (6.95)
Refunded income taxes (0.62)
Adjustments to deferred tax assets (1.86)
Adjustments for unrecognized losses (1.52)
Differences in tax rates from the parent company’s
statutory tax rate (0.77)
Other (0.79)
Effective tax rate 36.63%
15-52_07ｽｸｴﾆ欧文 07.8.31 14:29 ページ44