Square Enix 2013 Annual Report Download - page 60

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58
Tax Effect Accounting
1. Significant components of deferred tax assets and liabilities are summarized as follows:
Notes to Consolidated Financial Statements (JPNGAAP)
Millions of yen
As of March 31, 2013 As of March 31, 2012
Deferred tax assets
1) Current assets
Enterprise tax payable ¥ 121 ¥ 344
Business office tax payable 44 41
Provision for bonuses 344 457
Accrued expenses 547 170
Provision for sales returns 780 122
Non-deductible portion of allowance for doubtful accounts 94 68
Tax credits 85 —
Loss on write-offs of content production account 4,802 3,204
Loss on inventory revaluation 711 818
Provision for game arcade closings 97 98
Loss carried forward —99
Other 268 218
Valuation allowance (1,993) (444)
Offset to deferred tax liabilities (current) (466) (176)
Total 5,438 5,022
2) Non-current assets
Non-deductible portion of provision for employees’ retirement
benefits 1,729 1,395
Provision for directors’ retirement benefits 84 82
Expense for stock-based compensation 232 344
Non-deductible depreciation expense of property and equipment 438 123
Asset retirement obligations 284 49
Impairment loss 290 308
Loss on evaluation of investments in securities 303 306
Loss on evaluation of stocks of subsidiaries and affiliates —51
Non-deductible portion of allowance for doubtful accounts 25 59
Non-deductible portion of excess expenses on lump-sum
depreciable assets 182 145
Loss carried forward, and others, at overseas subsidiaries 883 845
Provision for game arcade closings 168 211
Tax credits 145 119
Loss carried forward 200 59
Other 325 134
Valuation allowance (2,897) (2,556)
Offset to deferred tax liabilities (non-current) (1,169) (1,221)
Total 1,229 460
Total deferred tax assets 6,668 5,483
Deferred tax liabilities
1) Current liabilities
Accrued expenses and other cost calculation details 179 151
Other 286 25
Offset to deferred tax assets (non-current assets) (466) (176)
Total ——
2) Non-current liabilities
Non-current assets 1,006 1,654
Tax effects from intangible non-current assets relating to
business combinations 1,779 1,804
Other 39 367
Offset to deferred tax assets (non-current) (1,169) (1,221)
Total 1,655 2,605
Total deferred tax liabilities 1,655 2,605
Balance: Net deferred tax assets ¥ 5,012 ¥ 2,878