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
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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
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Total gross deferred tax assets 102,806 77,972
Less valuation allowance (12,157) (8,611)
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Total net deferred tax assets 90,649 69,361
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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)
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Total gross deferred tax liabilities (11,963) (25,891)
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Net deferred tax assets 78,686 43,470
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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 --
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Tax loss carried forward -- 2,306
Valuation loss on investments in securities 2,472 1,048
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Others 11,605 13,773
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Total gross deferred tax assets 102,806 77,972
Less valuation allowance (12,157) (8,611)
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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)
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Total gross deferred tax liabilities (11,963) (25,891)
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Net deferred tax assets 78,686 43,470
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(2)Non-Consolidated
Income taxes (Page 43)
Before amendment
Yen (Millions)
FY2007 FY2006
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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
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Total gross deferred tax assets 80,987 51,513
Less valuation allowance (12,854) (3,485)
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Total net deferred tax assets 68,132 48,028
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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)
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Total gross deferred tax liabilities (11,169) (23,438)
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Net deferred tax assets 56,963 24,589
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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
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Total gross deferred tax assets 80,987 51,513
Less valuation allowance (12,854) (3,485)
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Total net deferred tax assets 68,132 48,028
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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) --
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Other (667) (2,978)
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Total gross deferred tax liabilities (11,169) (23,438)
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Net deferred tax assets 56,963 24,589
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