Fujitsu 2010 Annual Report Download - page 114

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Assumptions used in accounting for the plans
At March 31 2009 2010
Discount rate Mainly 6.9% Mainly 5.6%
Expected rate of return on plan assets Mainly 8.0% Mainly 7.8%
Method of allocating actuarial loss
Straight-line method over the employees’
average remaining service period
Straight-line method over the employees’
average remaining service period
9. Income Taxes
The Group is subject to a number of different income taxes. The statutory income tax rates in the aggregate in Japan were approximately
40.6% for the years ended March 31, 2008, 2009 and 2010.
The components of income taxes are as follows:
Yen
(millions)
U.S. Dollars
(thousands)
Years ended March 31 2008 2009 2010 2010
Current ¥39,736 ¥ 25,022 ¥ 27,059 $ 290,957
Deferred 7,534 (24,611) (11,283) (121,323)
Income taxes ¥47,270 ¥ 411 ¥ 15,776 $ 169,634
The reconciliations between the statutory income tax rates and the effective income tax rates for the years ended March 31, 2008, 2009
and 2010 are as follows:
Years ended March 31 2008 2009 2010
Statutory income tax rates 40.6% 40.6% 40.6%
Increase (decrease) in tax rates:
Valuation allowance for deferred tax assets (9.4%) (8.5%) (38.0%)
Goodwill amortization 8.2% (5.8%) 8.4%
Non-deductible expenses for tax purposes 4.4% (3.1%) 2.7%
Tax effect on equity in earnings of affiliates, net (3.4%) (12.2%) (1.0%)
Non-taxable income (1.6%) 0.5% (0.5%)
Dividends from consolidated subsidiaries and affiliates outside Japan 5.8% (11.0%) 0.0%
Other (1.4%) (0.9%) 1.8%
Effective income tax rates 43.2% (0.4%) 14.0%
112 FUJITSU LIMITED Annual Report 2010
Notes to Consolidated Financial Statements