Alpine 2011 Annual Report Download - page 24

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24
(23) Adoption of consolidated taxation system
The Company and certain of its consolidated subsidiaries have received
approval from the Commissioner of the National Tax Agency of Japan to
adopt the consolidated taxation system effective the fiscal year ending
March 31, 2012. From the fiscal year ended March 31, 2011, accounting
treatment and presentation regarding deferred taxes have been based on
the “Practical Solution on Tax Effect Accounting under the Consolidated
Taxation System (Part 1)”(ASBJ PITF No.5), and the “Practical Solution
on Tax Effect Accounting under the Consolidated Taxation System (Part
2)”(ASBJ PITF No.7), under the assumption that the Company would
adopt the consolidated taxation system.
(24) Comprehensive income
Effective from the fiscal year ended March 31, 2011, the Company
adopted the “Accounting Standard for Presentation of Comprehensive
Income” (Accounting Standard Board of Japan (“ASBJ”) Statement
No. 25 on June 30, 2010) and the “Revised Accounting Standard for
Consolidated Financial Statements” (ASBJ Statement No. 22, revised on
June 20, 2010).As a result of the adoption of the standard, the Company
prepared the consolidated statement of comprehensive income for the
fiscal year ended March 31, 2011.