Nintendo 2004 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2004 Nintendo 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 64

  • 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

Reconciliation of the statutory tax rate and the effective tax rate for the year ended March 31 2003 is excluded, since the
difference is not more than five one-hundredth of the statutory tax rate.
Deferred tax assets:
Inventory - write-downs and
elimination of unrealized profit
Accrued expenses
Research and development costs
Accrued enterprise tax
Reserve for employee retirement and severance benefits
Unrealized loss on land
Allowance for doubtful accounts
Royalty expenses
Other
Gross deferred tax assets
Valuation allowance
Total deferred tax assets
Deferred tax liabilities:
Unrealized gains on other securities
Undistributed retained earnings of an overseas subsidiary
Other
Total deferred tax liabilities
Net deferred tax assets
51
Nintendo Co., Ltd. and consolidated subsidiaries
Japanese Yen in Millions
¥
U.S. Dollars in Thousands (Note 1)
$
As of March 31, 2003
¥11,383
10,426
4,111
3,417
2,770
2,431
1,829
1,436
12,539
50,342
(1,735)
48,607
(1,541)
(503)
(706)
(2,750)
¥45,857
$108,409
99,294
39,150
32,547
26,380
23,154
17,423
13,675
119,417
479,449
(16,523)
462,926
(14,675)
(4,793)
(6,723)
(26,191)
$436,735