Suzuki 2010 Annual Report Download - page 46

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SUZUKI MOTOR CORPORATION 45
NOTE 8:Incometaxes
Breakdown of deferred tax assets and deferred tax liabilities by their main occurrence causes were as follows.
NOTE 9:Researchanddevelopmentcosts
Research and development costs included in selling, general and administrative expenses, for the years ended March 31,
2010 and 2009 were as follows:
Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
Deferredtaxassets
Excess-depreciation ...................................................... ¥66,322 ¥ 61,325 $712,837
Various reserves ............................................................ 42,151 43,971 453,049
Unrealized gross prots elimination ................................ 18,434 21,330 198,139
Other ............................................................................ 111,686 119,794 1,200,411
Gross deferred tax assets total .................................. 238,595 246,421 2,564,439
Valuation allowance ....................................................... (23,811)(16,545)(255,925)
Deferred tax assets total ............................................. ¥214,784 ¥229,876 $2,308,513
Deferredtaxliabilities
Valuation difference on available-for-sale securities ........ ¥(10,812)¥ (1,297) $(116,209)
Variance from the complete market value method of
consolidated subsidiaries .............................................. (6,724)(6,218)(72,273)
Reserve for advanced depreciation of noncurrent assets . (2,812)(3,002)(30,232)
Other ............................................................................ 1,199 (1,377)12,894
Deferred tax liabilities total .......................................... ¥(19,149)¥ (11,894)$(205,820)
Net amounts of deferred tax assets ............................... ¥195,634 ¥217,981 $2,102,692
The differences between the statutory tax rate and the effective tax rate were summarized as follows.
2010 2009
Statutory tax rate .............................................................. 39.8% 39.8%
Valuation allowance ....................................................... 7.9% 14.4%
Tax credit ...................................................................... (0.2%) (3.0%)
Difference in foreign subsidiaries tax rate ....................... (3.7%) (2.5%)
Other ............................................................................ (0.3%) 1.2%
Effective tax rate ............................................................... 43.5% 49.9%
Millions of yen
Thousands of
U.S. dollars
2010 2009 2010
Research and development costs ..................................... ¥108,784 ¥114,961 $1,169,226
Consolidated Financial Statements