SOURCE: All Nippon Airways

August 08, 2008 05:46 ET

Notice of Amendment to ANA Consolidated Financial Results for FY2007

TOKYO--(Marketwire - August 8, 2008) -


Twelve months ended April 30, 2008
Consolidated financial results
All Nippon Airways Co., Ltd. (9202)

Please be advised that the following amendments have been made to the consolidated financial results for FY2007, which were released on 30th April, 2008.

1. Section amended

Relevant amendments have been made to the consolidated financial results for FY2007, on the basis that some sections are not classified in the appropriate sections. The amendments have no effect on Net income in the consolidated Statement.

The said amendments have also been made to the Non-consolidated financial statement.

2. Amendments list

(1)Consolidated

Income taxes (Page 28)
Before amendments


                                                           Yen (Millions)
                                                          FY2007   FY2006
                                                          -------  -------
Deferred tax assets:
Accrued employees' retirement benefits                     44,530   44,543
Accrued bonuses to employees                                9,880    7,203
Unrealized gain on inventories and property and equipment  11,131    5,428
Impairment loss                                             5,758    3,671
Loss on evaluation for hedging exchange                    10,925       --
Provision for antitrust law                                 6,505       --
Tax loss carried forward                                    2,472    2,306
Valuation loss on investments in securities                    --    1,048
Others                                                     11,605   13,773
                                                          -------  -------
  Total gross deferred tax assets                         102,806   77,972
  Less valuation allowance                                (12,157)  (8,611)
                                                          -------  -------
  Total net deferred tax assets                            90,649   69,361
                                                          -------  -------

Deferred tax liabilities:
 Deferred hedge gains/ losses                                  --  (13,241)
 Unrealized gains (losses) on securities                   (6,907)  (7,641)
 Reserve for special depreciation                              --   (2,729)
 Reserve for special taxation measures law                 (3,873)      --
  Others                                                   (1,183)  (2,280)
                                                          -------  -------
    Total gross deferred tax liabilities                  (11,963) (25,891)
                                                          -------  -------
    Net deferred tax assets                                78,686   43,470
                                                          -------  -------

After amendments

                                                           Yen (Millions)
                                                          ----------------
                                                          FY2007   FY2006
                                                          -------  -------
Deferred tax assets:
Accrued employees' retirement benefits                     44,530   44,543
Accrued bonuses to employees                                9,880    7,203
Unrealized gain on inventories and property and equipment  11,131    5,428
Impairment loss                                                --    3,671
Loss on evaluation for hedging exchange                    10,925       --
Provision for antitrust law                                 6,505       --
Accrued enterprise taxes                                    5,758       --
                                                          -------
Tax loss carried forward                                       --    2,306
Valuation loss on investments in securities                 2,472    1,048
                                                          -------
Others                                                     11,605   13,773
                                                          -------  -------
  Total gross deferred tax assets                         102,806   77,972
  Less valuation allowance                                (12,157)  (8,611)
                                                          -------  -------
  Total net deferred tax assets                            90,649   69,361

Deferred tax liabilities:
 Deferred hedge gains/ losses                                  --  (13,241)
 Unrealized gains (losses) on securities                   (6,907)  (7,641)
 Reserve for special depreciation                              --   (2,729)
 Reserve for special taxation measures law                 (3,873)      --
  Others                                                   (1,183)  (2,280)
                                                          -------  -------
    Total gross deferred tax liabilities                  (11,963) (25,891)
                                                          -------  -------
    Net deferred tax assets                                78,686   43,470
                                                          -------  -------

(2)Non-Consolidated

Income taxes (Page 43)
Before amendment


                                                           Yen (Millions)
                                                          FY2007   FY2006
                                                          -------  -------
Deferred tax assets:
Accrued employees' retirement benefits                     34,791   34,118
Valuation loss on stocks investment in subsidiaries            --    5,707
Loss on evaluation for hedging exchange                    10,812       --
Provision for potential loss on antitrust proceedings       6,505       --
Approximation of accrued sales charge payable               5,867    4,480
Accrued bonuses to employees                                5,827    3,317
Impairment loss                                                --      692
Accrued income taxes                                        5,427       --
Valuation loss on investment securities                        --      678
Other                                                      11,756    2,519
                                                          -------  -------
  Total gross deferred tax assets                          80,987   51,513
  Less valuation allowance                                (12,854)  (3,485)
                                                          -------  -------
  Total net deferred tax assets                            68,132   48,028
                                                          -------  -------

Deferred tax liabilities:
Deferred gain on hedging instruments                           --  (13,164)
 Unrealized holding gain/loss on securities                (6,634)  (7,925)
 Reserve for special depreciation                          (3,867)      --
  Other                                                      (667)  (2,978)
                                                          -------  -------
    Total gross deferred tax liabilities                  (11,169) (23,438)
                                                          -------  -------
    Net deferred tax assets                                56,963   24,589
                                                          -------  -------


After amendment

                                                           Yen (Millions)
                                                          FY2007   FY2006
                                                          -------  -------
Deferred tax assets:
Accrued employees' retirement benefits                     34,791   34,118
Valuation loss on stocks investment in subsidiaries            --    5,707
Loss on evaluation for hedging exchange                    10,812       --
Provision for potential loss on antitrust proceedings       6,505       --
Approximation of accrued sales charge payable               5,867    4,480
Accrued bonuses to employees                                5,827    3,317
Impairment loss                                                --      692
Accrued enterprise taxes                                    5,427       --
Valuation loss on investment securities                        --      678
Other                                                      11,756    2,519
                                                          -------  -------
  Total gross deferred tax assets                          80,987   51,513
  Less valuation allowance                                (12,854)  (3,485)
                                                          -------  -------
  Total net deferred tax assets                            68,132   48,028
                                                          -------  -------

Deferred tax liabilities:
Deferred gain on hedging instruments                           --  (13,164)
 Unrealized holding gain/loss on securities                (6,634)  (7,925)
 Reserve for special depreciation                          (3,867)      --
                                                          -------  -------
  Other                                                      (667)  (2,978)
                                                          -------  -------
    Total gross deferred tax liabilities                  (11,169) (23,438)
                                                          -------  -------
    Net deferred tax assets                                56,963   24,589
                                                          -------  -------

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