Canon 2005 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2005 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

74
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED
CANON INC. AND SUBSIDIARIES
(14) Income Taxes
Domestic and foreign components of income before income
taxes and minority interests, and the current and deferred
income tax expense (benefit) attributable to such income are
summarized as follows:
Contributions
Canon expects to contribute ¥45,352 million ($384,339 thou-
sand) to its defined benefit plans for the year ending December
31, 2006.
Estimated future benefit payments
The following benefit payments, which reflect expected future
service, as appropriate, are expected to be paid:
Year ending December 31 Thousands of
Millions of yen U.S. dollars
2006 ¥ 9,798 $ 83,034
2007 10,658 90,322
2008 12,237 103,703
2009 13,328 112,949
2010 14,629 123,975
2011 — 2015 93,055 788,602
Year ended December 31 Millions of yen
Japanese Foreign Total
2005: Income before income taxes and minority interests ¥492,709 119,295 612,004
Income taxes:
Current ¥172,595 40,956 213,551
Deferred 3,441 (4,207) (766)
¥176,036 36,749 212,785
2004: Income before income taxes and minority interests ¥447,864 104,252 552,116
Income taxes:
Current ¥162,679 22,275 184,954
Deferred (1,065) 10,125 9,060
¥161,614 32,400 194,014
2003: Income before income taxes and minority interests ¥337,093 111,077 448,170
Income taxes:
Current ¥132,204 33,484 165,688
Deferred (5,828) 2,793 (3,035)
¥126,376 36,277 162,653
Thousands of U.S. dollars
Japanese Foreign Total
2005: Income before income taxes and minority interests $ 4,175,500 1,010,975 5,186,475
Income taxes:
Current $ 1,462,670 347,085 1,809,755
Deferred 29,161 (35,653) (6,492)
$ 1,491,831 311,432 1,803,263