Nintendo 2008 Annual Report Download - page 41

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Significant components of deferred tax assets and liabilities as of March 31, 2008 and 2007 were summarized as follows:
Note 13. Income Taxes
Deferred tax assets:
Inventory - write-downs and
elimination of unrealized profit
Research and development costs
Other accounts payable and accrued expenses
Accrued enterprise tax
Loss on valuation of investment securities
Land
Provision for retirement benefits
Accumulated depreciation expenses
Other
Gross deferred tax assets
Valuation allowance
Total deferred tax assets
Deferred tax liabilities:
Undistributed retained earnings
of subsidiaries and affiliates
Valuation difference on
available-for-sale securities
Other
Total deferred tax liabilities
Net deferred tax assets
As of March 31,
¥1 6 , 843
14 , 2 81
9, 4 5 1
6, 1 4 0
2, 1 0 2
2, 5 7 1
1, 6 9 7
1, 8 1 2
8, 3 7 5
63 , 2 76
(6 1 1 )
62 , 6 64
(4 , 3 46)
(6 , 0 79)
(2 , 1 92)
(1 2 , 619 )
¥5 0 , 045
¥18,260
15,777
16,852
6,862
5, 5 0 2
2, 2 1 0
1, 7 0 7
1, 2 8 5
10,285
78,741
(530)
78,211
(11,702)
(3,702)
(1,233)
(16,637)
¥61,573
$182,600
157,775
168,524
68,622
55,020
22,102
17,072
12,850
102,851
787,419
(5,303)
782,115
(117,021)
(37,026)
(12,330)
(166,378)
$615,736
Reconciliations of the statutory tax rate and the effective tax rate for the years ended March 31, 2008 and 2007 are omitted,
since the difference is not more than five one-hundredth of the statutory tax rate.
Japanese Yen in Millions
¥
2008 2007
U.S. Dollars in Thousands
$
2008