Square Enix 2009 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2009 Square Enix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 60

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60

2) Non-current assets
Non-deductible portion of allowance for
employees’s retirement benefits 924
Allowance for directors’ retirement benefits 85
Expense for stock-based compensation 166
Non-deductible depreciation expense of property
and equipment 707
Loss on investments in securities 410
Non-deductible portion of allowance for
doubtful accounts 124
Research and development expense 294
Allowance for closing of game arcades 293
Loss carried forward 8,557
Other 194
Valuation allowance (10,807)
Total 952
Net deferred tax assets 4,834
Deferred tax liabilities
Current liabilities
Accrued expenses and other cost
calculation details 216
Offset to deferred tax assets (non-current assets) (216)
Total —
Total deferred tax liabilities —
Balance: Net deferred tax assets ¥ 4,834
2. A reconciliation of the statutory tax rate and the effective tax
rate is as follows:
Statutory tax rate 40.70%
Permanent differences relating to entertainment
expense, etc., excluded from non-taxable expenses 1.02
Permanent differences relating to dividends received,
etc., excluded from non-taxable expenses (0.05)
Taxation on a per capita basis for inhabitants’ tax 1.69
Deduction for foreign taxes paid (0.50)
Amortization of goodwill 4.91
Valuation allowance 14.05
Special deduction for experiment and
research expenses (5.90)
Tax refund (20.11)
Differences in tax rate from
the parent company’s statutory tax rate (3.00)
Other (1.57)
Effective tax rate 31.24%
45