Wacom 2007 Annual Report Download - page 29

10. Changes in net assets:
(1) Type and number of shares outstanding and treasury stock
(2) Matters related to dividends
a) Dividend payment
Approvals by ordinary general meeting of
shareholders held on June 22, 2006 are as follows:
b) Dividends of which record date is attributable to
the accounting period ended March 31, 2007 but
to be eective after said accounting period.
The Company resolved approval at the board
meeting held on May 29, 2007 as follows:
Number of shares as of March
31, 2006
Number of shares increased
during the accounting period
ended March 31, 2007
Number of shres decreased
during the accounting period
ended March 31, 2007
Number of shares as of March
31, 2007
412,600
6,096
–
418,696
412,600
6,096
–
418,696
–
–
–
–
–
–
–
–
Common stock
Type of shares outstanding
Total Common stock
Type of treasury stock
Total
12. Income taxes:
Income taxes applicable to the Company include
corporation tax, enterprise tax and inhabitants tax,
which, in aggregate, represent a statutory tax rate of
approximately 39.7% for the years ended March 31,
2006 and 2007.

The signicant components of deferred tax assets
and liabilities for the years ended March 31, 2006 and
2007 are as follows:
Cash and deposits
Cash and cash equivalents
¥10,342,643
¥10,342,643
¥12,707,153
¥12,707,153
$107,642
$107,642
Thousands of
U.S. dollars
Thousands of yen
2006 2007 2007
Note: Increase in the number of shares was due to exercise of stock
options.
11. Cash and cash equivalents:
Reconciliation of cash and deposits in the consolidated
balance sheets and cash and cash equivalents in the
consolidated statements of cash ows is as follows,
March 31 March 31
Ordinary general
meeting of shareholders
on June 22, 2006
(Approval by)
June 23,
2006
March 31,
2006
¥1,000¥412,600
Common
stock
Total amont
of dividends
(Thousands
of yen)
Type of
shares
Dividends
per share
(yen)
Record
date
Eective
date
Ordinary general
meeting of shareholders
on June 22, 2006
(Approval by)
June 23,
2006
March 31,
2006
$8 $3,495
Common
stock
Total amont
of dividends
(Thousands
of U.S. dollars)
Type of
shares
Dividends
per share
(dollar)
Record
date
Eective
date
Board meeting
on May 29, 2007
(Approval by)
June 1,
2007
March 31,
2007
¥1,500¥628,044
Common
stock
Total amont
of dividends
(Thousands
of yen)
Type of
shares
Dividends
per share
(yen)
Record
date
Eective
date
Board meeting
on May 29, 2007
(Approval by)
June 1,
2007
March 31,
2007
$13 $5,320
Common
stock
Total amont
of dividends
(Thousands
of U.S. dollars)
Type of
shares
Dividends
per share
(dollar)
Record
date
Eective
date
Deferred tax assets:
Inventory-inter-company
prot
Accrued retirement benets
Accrued bonuses
Accrued severance
indemnities for directors
and statutory corporate
auditors
Enterprise tax
Software development costs
Accrued expenses
Foreign tax credit
Lump-sum depreciation
assets
Write-down of investment
securities
Others
Gross deferred tax assets
Less - Valuation allowance
Total deferred tax assets
Deferred tax liabilities:
Undistributed earnings of
overseas subsidiaries
Total deferred tax liabilities
Net deferred tax assets
¥95,837
113,728
106,264
86,992
36,460
40,698
33,100
115,655
17,470
44,966
14,026
705,196
(115,655)
589,541
(184,372)
(184,372)
¥405,169
¥281,193
128,089
121,426
102,941
80,588
44,084
36,335
26,439
19,812
–
8,475
849,382
(26,439)
822,943
(288,412)
(288,412)
¥534,531
$2,382
1,085
1,029
872
683
373
308
224
168
–
71
7,195
(224)
6,971
(2,443)
(2,443)
$4,528
Thousands of
U.S. dollars
Thousands of yen
2006 2007 2007
Statutory eective tax rate
Non deductible expenses for tax purposes
Equalization tax
International tax rate dierences
Tax credit of corporation tax
Others
Eective income tax rate
39.7%
0.7
0.3
(0.7)
(2.4)
(0.7)
36.9%
March 31,
2006
The reconciliation between the statutory tax rate and
the eective income tax rate in the consolidated
statements of income for the years ended March 31,
2006 and 2007 is as follows:
The dierence between the statutory income tax rate
and the eective income tax rate as of March 31, 2007 is
less than 5% of the statutory income tax rate, and
accordingly, the reconciliation between these two rates
has been omitted.
Notes to Consolidated Financial Statements
28