Toyota 2005 Annual Report Download - page 103

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS >101
Tax effects allocated to each component of other comprehensive income for the years ended March 31, 2003, 2004 and
2005 are as follows:
Yen in millions
Pre-tax Tax expense Net-of-tax
amount (benefit) amount
For the year ended March 31, 2003
Foreign currency translation adjustments....................................................................... ¥(142,278) ¥ 2,993 ¥(139,285)
Unrealized losses on securities:
Unrealized net holding losses arising for the year ...................................................... (143,806) 59,707 (84,099)
Less: reclassification adjustments for losses included in net income......................... 98,100 (40,496) 57,604
Minimum pension liability adjustments ......................................................................... (292,315) 120,337 (171,978)
Net gains on derivative instruments ................................................................................ 1,074 (284) 790
Other comprehensive loss........................................................................................ ¥(479,225) ¥ 142,257 ¥(336,968)
For the year ended March 31, 2004
Foreign currency translation adjustments....................................................................... ¥(201,511) ¥ (1,746) ¥(203,257)
Unrealized gains on securities:
Unrealized net holding gains arising for the year ....................................................... 554,496 (211,234) 343,262
Less: reclassification adjustments for gains included in net income.......................... (21,953) 8,363 (13,590)
Minimum pension liability adjustments ......................................................................... 450,549 (177,284) 273,265
Other comprehensive income ................................................................................. ¥ 781,581 ¥(381,901) ¥ 399,680
For the year ended March 31, 2005
Foreign currency translation adjustments....................................................................... ¥ 76,089 ¥ (392) ¥ 75,697
Unrealized gains on securities:
Unrealized net holding gains arising for the year ....................................................... 214,661 (86,294) 128,367
Less: reclassification adjustments for gains included in net income.......................... (150,355) 60,443 (89,912)
Minimum pension liability adjustments ......................................................................... 21,691 (11,911) 9,780
Other comprehensive income ................................................................................. ¥ 162,086 ¥ (38,154) ¥ 123,932
U.S. dollars in millions
Pre-tax Tax expense Net-of-tax
amount (benefit) amount
For the year ended March 31, 2005
Foreign currency translation adjustments....................................................................... $ 709 $ (4) $ 705
Unrealized gains on securities:
Unrealized net holding gains arising for the year ....................................................... 1,998 (803) 1,195
Less: reclassification adjustments for gains included in net income.......................... (1,400) 563 (837)
Minimum pension liability adjustments ......................................................................... 202 (111) 91
Other comprehensive income ................................................................................. $ 1,509 $ (355) $1,154
18. STOCK-BASED COMPENSATION
In June 1997, the parent company’s shareholders approved
a stock option plan for board members. In June 2001, the
shareholders approved an amendment of the plan to include
both board members and key employees. Each year, since
the plans’ inception, the shareholders have approved the
authorization for the grant of options for the purchase of
Toyota’s common stock. Authorized shares for each year
that remain ungranted are unavailable for grant in future
years. Stock options with a term ranging from 4 years to 6
years are granted with an exercise price equal to 1.025 times
the closing price of Toyota’s common stock on the date of
grant and generally vest 2 years from the date of grant.
Subsequent to March 31, 2005, the shareholders approved
the authorization of an additional 2,104,000 shares for
issuance under the Toyota’s stock option plan for board
members and key employees.