Trend Micro 2010 Annual Report Download - page 39

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41
(NOTES TO THE TAX EFFECT ACCOUNTING)
1. Major items causing deferred tax assets:
(Yen in millions)
Nondeductible deferred revenue 18,117
Nondeductible amortization of intangibles fixed
assets
1,322
Nondeductible accrued liability 651
Nondeductible allowance for retirement benefits 541
Nondeductible loss on investment securities 846
Nondeductible stock acquisition right cost 518
Valuated difference on available-for-sale 2,616
Others 635
Deferred tax assets sub total 25,250
Valuation allowance -189
Total deferred tax assets 25,061
2. Major factors behind the difference between the statutory tax rate and the actually applied tax
rate after tax effect accounting, and their individual impact on such difference:
Statutory tax rate 40.7%
(Adjustment factors)
Stock acquisition right cost 3.5%
Others -0.6%
Actually applied tax rate after tax effect accounting 43.6%
(NOTES ON FIXED ASSETS USED BY THE COMPANY UNDER LEASE AGREEMENTS)
In addition to non-current assets on the balance sheets, business equipment such as copying
machines is used by the Company under finance lease agreements without transfer of ownership.