(4) Early 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) 1,356,913 1,299,389 (Current Liabilities)    
Cash and Deposit
260 21
Accounts Payable
1 1
Securities
1,356,217 1,298,933      
Suspense Payments
2 1 (Fixed Liabilities)    
Accrued Income
432 432
Reserves for Retirement Allowance
5 5
Accounts Receivable
0 0      
      (Liabilities Total) 6 6
(Fixed Assets) 240,035 290,233      
Tangible Fixed Assets
1 1 (Surplus)    
Buildings
1 1
Earned Surplus
1,596,942 1,589,616
Tools/Equipment/Fixtures
0 0
Accumulated Funds
1,589,616 1,501,256
Intangible Fixed Assets
0 0
Unappropriated Current Profit
7,326 88,359
Investments and Other Assets
         
Loans for Contracted Bank
240,033 290,231      
      (Net Assets Total) 1,596,942 1,589,616
Total 1,596,949 1,589,622 Total 1,596,949 1,589,622

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit:¥million)
Expenses Revenue
Item FY2014 (Reference) FY2013 Item FY2014 (Reference) FY2013
(Current Expenses) 161 247 (Current Revenue) 7,488 88,607
General Administrative Expenses
58 57
Income from the Contracted Bank
5,813 86,765
Non-operating Expense
103 189
Interest on Loans to Contracted Bank
231 317
Losses from Sale of Securities
- 0
Non-Operating Revenue
1,442 1,523
Loss on Redemption of Securities
103 189      
           
           
(Extraordinary Expenses)          
Loss from Retirement of Fixed Assets
- 0      
           
(Current Profit) 7,326 88,359      
Total 7,488 88,607 Total 7,488 88,607
Notes:1. Current profit of ¥7,326 million is added to the accumulated fund for the following fiscal year pursuant to the provisions of Article 8 paragraph (1) of the Ordinance for Enforcement of the Act on Emergency Measures for Early Strengthening of Financial Functions (Rules of the Financial Reconstruction Commission No. 3 of 1998).
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: ¥5 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 the fiscal year is used as the criteria for appropriating reserves in preparation for payment of retirement allowance for employees.
4. Other Important Matters Relating to Preparation of Financial Statements
(1)Accounting method for consumption tax, etc.: tax inclusive method
(2)Other
Regarding funds transferred from a contracted bank under the provision of Article 13 of the Act on Emergency Measures for Early Strengthening of Financial Functions (Act No.143 of 1998), 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 are 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 ¥956 million in FY2015.

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