Alpine 2009 Annual Report Download - page 26

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26
2009 2008 2009
Deferred tax assets:
Provision for product warranties ¥ 844 ¥ 1,041 $ 8,592
Depreciation 1,886 2,174 19,200
Provision for retirement benefits 90 164 916
Accrued expenses 112 138 1,140
Elimination of unrealized profit 30 796 305
Carried deficit 1,542 — 15,698
Other 3,084 2,921 31,396
Valuation reserve (5,228) (304) (53,222)
Offset allowed against deferred tax liabilities (601) (3,241) (6,118)
Total deferred tax assets ¥ 1,759 ¥ 3,689 $ 17,907
Deferred tax liabilities:
Valuation difference on available-for-sale securities ¥ 2,028 ¥ 3,059 $ 20,645
Other 1,575 1,595 16,034
Offset allowed against deferred tax assets (601) (3,241) (6,118)
Total deferred tax liabilities ¥ 3,002 1,413 30,561
Net deferred tax assets(liabilities) ¥(1,243) ¥ 2,276 $(12,654)
Thousands of U.S. Dollars
Millions of Yen
9. Income Taxes
The Companies are subject to a number of taxes based on income, which, in the aggregate, indicate statutory rates in Japan of approximately 40% for
the years ended March 31, 2009, 2008 and 2007.
Reconciliation of the statutory tax rate and the Company’s effective tax rate for the year ended March 31, 2008 and 2007 were omitted due to the small
difference. Reconciliation of the statutory tax rate and the Company’s effective tax rate for the year ended March 31, 2009 was not described due to loss
before income taxes and minority interests.
The significant components of the Companies’ deferred tax assets and liabilities as of March 31, 2009 and 2008 were as follows: