Alpine 2010 Annual Report Download - page 28

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28
2010 2009 2010
Deferred tax assets:
Provision for product warranties ¥ 860 ¥ 844 $ 9,243
Depreciation 1,504 1,886 16,165
Provision for retirement benefits 163 90 1,752
Accrued expenses 94 112 1,010
Elimination of unrealized profit 92 30 989
Carried deficit 4,472 1,542 48,065
Other 2,026 3,084 21,776
Valuation reserve (6,485) (5,228) (69,701)
Offset allowed against deferred tax liabilities (716) (601) (7,696)
Total deferred tax assets ¥ 2,010 ¥ 1,759 $ 21,603
Deferred tax liabilities:
Valuation difference on available-for-sale securities ¥ 3,522 ¥ 2,028 $ 37,855
Other 2,147 1,575 23,076
Offset allowed against deferred tax assets (716) (601) (7,696)
Total deferred tax liabilities ¥ 4,953 ¥ 3,002 $ 53,235
Net deferred tax assets(liabilities) ¥(2,943) ¥(1,243) $(31,632)
Thousands of U.S. Dollars
Millions of Yen
9. Income Taxes
The Companies are subject to a number of taxes based on income, which, in the aggregate, indicate statutory rates in Japan of approximately 40% for
the years ended March 31, 2010, 2009 and 2008.
Reconciliation of the statutory tax rate and the Company’s effective tax rate for the year ended March 31, 2008 was omitted due to the small difference.
Reconciliation of the statutory tax rate and the Company’s effective tax rate for the year ended March 31, 2009 was not described due to loss before
income taxes and minority interests.
The main components of difference between the statutory tax rate and the Company’s effective tax rate for the year ended March 31, 2010 were the
taxes against income before income taxes and minority interests ¥12 million (US$ 129 thousand) were ¥1,292 million (US$ 13,887 thousand) and the main
components of the taxes were increase of valuation reserve by ¥1,257 million (US$ 13,510 thousand) and resident tax based on per capita by ¥22 million
(US$ 236 thousand).
The significant components of the Companies’ deferred tax assets and liabilities as of March 31, 2010 and 2009 were as follows: