Nintendo 2013 Annual Report Download - page 34

Significant components of deferred tax assets and liabilities as of March 31, 2013 and 2012 were summarized as follows:
Note 16. Income Taxes
Deferred tax assets
Research and development expenses
Operating loss carryforwards for tax purposes
Other accounts payable and accrued expenses
Provision for retirement benefits
Inventory - write-downs and
elimination of unrealized profit
Revenue recognition for tax purposes
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,
¥28,866
16,643
10,409
6,374
5,828
5,790
15,049
88,961
(2,969)
85,992
(6,934)
(4,272)
(5,422)
(16,629)
¥69,363
¥28,872
28,719
4,155
5,281
3,562
5,332
12,985
88,910
(2,486)
86,423
(6,426)
(1,568)
(4,502)
(12,497)
¥73,925
$307,091
177,057
110,741
67,810
62,002
61,599
160,099
946,403
(31,585)
914,818
(73,771)
(45,448)
(57,684)
(176,904)
$737,913
Japanese Yen in Millions
¥
2013 2012
U.S. Dollars in Thousands
$
2013
The Company has a defined benefit corporate pension plan and a lump-sum severance payments plan which are defined benefit
plans. Certain consolidated subsidiaries have defined contribution plans as well as defined benefit plans. The Company and certain
consolidated subsidiaries may also pay extra retirement allowance to employees.
Retirement benefit obligations as of March 31, 2013 and 2012 were as follows:
[Note] Certain consolidated subsidiaries adopt a concise procedure to estimate retirement benefit obligation.
Retirement benefit costs for the years ended March 31, 2013 and 2012 were as follows:
[Note] “a. Service cost” includes retirement benefit costs of the subsidiaries which adopt a concise procedure to estimate retirement benefit obligation.
“f. Other” is mainly contribution amount with related to defined contribution plans.
Assumptions used in calculation of retirement benefits for employees:
Note 15. Retirement Benefits
. Retirement benefit obligation
. Plan assets
. Unfunded retirement benefit obligation
. Net pension liability recognized in the accompanying
consolidated balance sheets
. Prepaid pension costs
. Provision for retirement benefits
a
b
c
d
e
f
As of March 31,
¥(37,698)
23,896
(13,801)
(13,801)
2,792
¥(16,593)
¥(32,043)
19,758
(12,284)
(12,284)
2,159
¥(14,444)
$(401,048)
254,221
(146,826)
(146,826)
29,703
$(176,530)
Japanese Yen in Millions
¥
2013 2012
U.S. Dollars in Thousands
$
2013
¥2,112
862
(635)
416
2,756
1,188
¥3,945
¥1,968
745
(477)
510
2,746
1,096
¥3,843
$22,476
9,172
(6,761)
4,435
29,323
12,647
$41,971
Japanese Yen in Millions
¥
2013 2012
U.S. Dollars in Thousands
$
2013
a
b
c
d
. Method of attributing benefits to years of service:
. Discount rate:
. Expected return rate on plan assets:
. Amortization years of actuarial difference:
Straight-line basis
1.4% to 3.9%
1.7% to 7.5%
Fully amortized in the same fiscal year as incurred
Year ended March 31, 2013
. Method of attributing benefits to years of service:
. Discount rate:
. Expected return rate on plan assets:
. Amortization years of actuarial difference:
a
b
c
d
Straight-line basis
1.7% to 4.25%
1.2% to 7.5%
Fully amortized in the same fiscal year as incurred
Year ended March 31, 2012
. Service cost
. Interest cost
. Expected return on plan assets
. Amortization of actuarial difference
. Retirement benefit cost
. Other
. Total
a
b
c
d
e
f
g
Years ended March 31,
[Changes in description] Effective as of the consolidated accounting period ended March 31, 2013, “Accumulated depreciation expenses” and “Loss on valuation of investment securities,”
described in “Deferred tax assets,” have been included in “Other” due to their immateriality. “Accumulated depreciation expenses,” described in “Deferred tax
liabilities,” has been included in “Other” for the same reason. “Valuation difference on available-for-sale securities,” included in “Other” of “Deferred tax liabilities,”
has been individually described from the perspective of materiality. In order to reflect the changes in description, the Note of Income Taxes for the consolidated
accounting period ended March 31, 2012 is reclassified.
Notes to Consolidated Financial Statements
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