Omron 2005 Annual Report Download - page 67
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65
Business restructuring expenses.................................................
Equity in loss (earnings) of affiliates.............................................
Loss on impairment of investment securities and other assets....
Net loss on sales and disposals of property,
plant and equipment.................................................................
Loss on impairment of property, plant and equipment ...............
Net loss (gain) on sales of short-term investments and
investment securities................................................................
Net loss (gain) on sales of business entities................................
Voluntary early retirement program .............................................
Other, net......................................................................................
Total.......................................................................................
¥—
59
2,269
11
4,231
1,221
(1,550)
18,968
1,449
¥26,658
$16,514
13,860
3,421
8,579
5,738
(9,224)
—
—
(4,271)
$34,617
Thousands of
U.S. dollars
Millions of yen
2003 2005
¥—
(92)
2,413
479
41
(1,039)
494
—
(448)
¥ 1,848
2004
¥ 1,767
1,483
366
918
614
(987)
—
—
(457)
¥ 3,704
2005
The Companies assessed the potential impairment of certain
long-lived assets in consideration of future alternate uses, includ-
ing disposal by sale. As a result, certain land and buildings, princi-
pally idle assets in 2005 and 2003, and dormitories in 2004, were
deemed to be impaired and written down to fair value. The esti-
mated fair value of these assets was primarily determined by
independent real estate appraisals of land and buildings.
During the year ended March 31, 2003 the Company and
most domestic subsidiaries implemented a voluntary early retire-
ment program to all employees fulfilling certain conditions such
as age and duration of employment. Employees accepting this
offer received an additional lump sum payment, along with their
previously earned retirement benefits.
Current income tax expense ........................................................
Deferred income tax expenses (benefit),
exclusive of the following .........................................................
Change in the valuation allowance...............................................
Adjustments of deferred tax assets and liabilities
for enacted changes in tax rates ..............................................
Total.......................................................................................
¥ 7,851
(5,600)
136
1,549
¥ 3,936
$190,589
20,187
(4,159)
—
$206,617
Thousands of
U.S. dollars
Millions of yen
2003 2005
¥13,527
7,135
(27)
127
¥20,762
2004
¥20,393
2,160
(445)
—
¥22,108
2005
The provision for income taxes for the years ended March 31, 2005, 2004 and 2003 consisted of the following:
10. Other Expenses, net
Other expenses, net for the years ended March 31, 2005, 2004 and 2003 consisted of the following:
11. Income Taxes