(5) Financial Functions Strengthening Account

Balance Sheet

(Unit:¥million)
Assets Liabilities and Net Assets
Item End of March 2015 (Reference) End of March 2014 Item End of March 2015 (Reference) End of March 2014
(Current Assets) 832 39,843 (Current Liabilities) 170,544 494,997
Cash and Deposit
770 21
Short-Term Borrowing
170,500 214,900
Securities
- 39,758
DICJ Bonds (due for redemption within one year)
- 280,000
Accrued Income
62 63
Discount on DICJ Bonds (due for redemption within one year)
- 12
Accounts Receivable
0 0
Accounts Payable
1 3
     
Accrued Expense Payable
42 81
(Fixed Assets) 487,501 470,500      
Tangible Fixed Assets
1 0 (Fixed Liabilities) 280,116 7
Buildings
0 0
DICJ Bonds
280,000 -
Tools/Equipment/Fixtures
0 0
Discount on DICJ bonds
109 -
Investments and Other Assets
   
Reserves for Retirement Allowance
7 7
Loans for Contracted Bank
487,500 470,500      
      (Liabilities Total) 450,661 495,004
           
      (Surplus)    
     
Earned Surplus
37,672 15,339
     
Accumulated Funds
15,339 9,088
     
Unappropriated Current Profit
22,333 6,250
           
      (Net Assets Total) 37,672 15,339
Total 488,333 510,343 Total 488,333 510,343

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit:¥million)
Expenses Revenue
Item FY2014 (Reference) FY2013 Item FY2014 (Reference) FY2013
(Current Expenses) 603 551 (Current Revenue) 22,937 6,802
General Administrative Expenses
90 86
Transfer Payments by Contracted Banks
22,499 6,253
Non-operating Expense
513 465
Interest on Loans to Contracted Bank
435 541
Interest in Borrowing
160 240
Non-Operating Revenue
2 6
Interest on DICJ Bonds
197 224      
Administrative Expenses for DICJ Bonds
156 0      
           
(Extraordinary Expenses)          
Loss from Retirement of Fixed Assets
- 0      
           
           
(Current Profit) 22,333 6,250      
Total 22,937 6,802 Total 22,937 6,802
Notes:1. Current profit of ¥22,333 million is added to the accumulated fund for the following fiscal year pursuant to the provision of Article 4, paragraph (1) of the Order Regulating Financial Functions Strengthening Operations of the DICJ (Ordinance of the Cabinet Office and the Ministry of Finance No. 3 of 2004).
2. Figures are rounded off.
 

Important Accounting Principles and Other Relevant Matters

1. Evaluation Method for Securities
Cost method based on the periodic average method
2. Depreciation Method for Fixed Assets
Fixed installment method is used. The aggregate depreciation amount is as follows:
Tangible fixed assets: ¥0 million
Average durability is as follows:
Buildings: 8 to 18 years
Others: 3 to 20 years
3. Appropriation Criteria for Reserves
Reserves for Retirement Allowance
The required remuneration at the end of fiscal year is used as the criteria for appropriating reserves in preparation for payment of retirement allowances for employees.
4. Other Important Matters Relating to Preparation of Financial Statements
(1)Accounting method for consumption tax, etc.: tax inclusive method
(2)Depreciation method of DICJ Bonds Issuing Cost
Discount in DICJ Bonds Issue: equal depreciation over the period up to the term of bond redemption
(3)Other
Regarding payments by contracted bank under the provision of Article 41 of the Act on Special Measures for Strengthening Financial Functions (Act No. 128 of 2004), the DICJ received the payments statement prepared under the account settlement for FY2014 from the RCC (contracted bank) on May 29, 2015. In the RCC, the payments were accounted for as expenses in FY2014, but in the DICJ, they are accounted for as revenue in the following fiscal year in accordance with the provision of Article 4 paragraph (2) of the Accounting Regulations.
The amount of profit or loss arising from such accounting is estimated at ¥2,634 million in the following fiscal year.

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