(1) General 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) 2,355,101 1,633,977 (Current Liabilities) 124,949 128,196
Cash and Deposits
141,064 128,158
Accounts Payable
642 318
Short-Term Loans
100,000 100,072
Deposited Tenders/Dividends
75 55
Money Deposited
4 20
Money on Deposit
124,232 127,821
Securities
2,113,988 1,405,608
Suspense Receipts
0 0
Prepaid Expenses
1 1      
Accrued Income
33 108      
Accounts Receivable
8 7 (Fixed Liabilities) 2,380,772 1,688,354
     
Liability Reserves
2,380,434 1,688,012
     
Reserves for Retirement Allowance
337 341
(Fixed Assets) 151,076 183,028      
Financial Assistance Related Assets
796 803 (Liabilities Total) 2,505,722 1,816,550
Purchased Assets
4,762 4,869      
Securities
0 0 (Capital) 455 455
Loan Loss Reserves
(3,965) (4,065)
Government Capital
150 150
Assets Related to Contracted Bridge Bank
   
Bank of Japan Capital
150 150
Contracted Bridge Bank Shares
- 2,050
Private Capital
155 155
Assets Related to Contracted Bank
149,800 179,700      
Contracted Bank Shares
12,000 12,000 (Net Assets Total) 455 455
Loans for Contracted Bank
137,800 167,700      
Assets of Financial Institutions under Management
- -      
Loans of Financial Institutions under Management
155,969 226,527      
Loan Loss Reserves
(155,969) (226,527)      
Tangible Fixed Assets
140 148      
Buildings
124 133      
Tools/Equipment/Fixtures
15 14      
Intangible Fixed Assets
3 3      
Investment and Other Assets
         
Guarantee Money and Other Security Deposit
335 322      
Total 2,506,177 1,817,005 Total 2,506,177 1,817,005

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit:¥million)
Expenses Revenues
Item FY2014 (Reference)
FY2013
Item FY2014 (Reference)
FY2013
(Current Expenses) 925,713 917,740 (Current Revenue) 926,174 917,741
Financial Assistance Expenses
51,950 8,616
Insurance Premium Revenues
   
Monetary Grants
51,848 6,383
Deposit Insurance Premiums
645,969 622,346
Loss on Sales of Purchased Assets
95 2,222
Income from Financial Assistance-Related Business
0 0
Cost of Commissioning Management and Collection Recovery Business
6 11      
           
Expenses for Operations to Purchase Deposits and Other Claims
1,869 0
Income from Purchase of Deposits and Other Claims
1,853 -
Expenses for Operations Related to Reorganization of Financial Institutions and Others
2 0
Income from Contracted Bank Business
47,216 59,914
Refunds of Insurance Premiums for Prior Periods
7 1
Interest on Loans to Contracted Bank
141 186
Payments to Government
13,908 15,406
Transfer Payments by Contracted Bank
47,075 59,728
Compensation for Losses Paid to Contracted Bank
7 3
Contributions related to Financial Institutions, etc. under Management
15 8
General Administrative Expenses
5,610 5,137
Income from Contribution by Contracted Bridge Bank
3 8
Transfer to Liability Reserves
692,422 657,982
Refunded Monetary Grants
125 1,871
Transfer to Loan Loss Reserves
159,935 230,593
Reversal from Loan Loss Reserves
230,593 232,664
Non-Operating Expenses
- 0
Non-Operating Revenue
397 928
           
(Extraordinary Expenses) 460 1      
Loss from Retirement of Fixed Assets
0 1      
Loss from Liquidation of Affiliated Companies
460 -      
Total 926,174 917,741 Total 926,174 917,741

Note: 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: ¥459 million
Average durability is as follows:
Buildings: 8 to 18 years
Others: 3 to 20 years
3. Appropriation Criteria for Reserves
(1)Loan Loss Reserves
For claims related to debtors for whom statutory facts of business failure (e.g. bankruptcy or civil rehabilitation) have occurred, or debtors in an equivalent position, the estimated disposable collateral and estimated recoverable amount through guarantees are subtracted from the amount of the claim, and the remainder is aggregated. For debtors who face, or are highly likely to face, serious problems in the repayment of debts, although not yet in a state of business failure, the estimated amount recovered through collateral, etc., and the estimated amount in light of the debtors’ financial status and business performance, are reduced from the amount of the claim, and the remainder being aggregated as loan loss reserves. Claims other than the above are aggregated on the basis of a bad debt ratio found to be reasonable.
The balance of principals of loans to the Incubator Bank of Japan was transferred to the Liquidated Company of the Incubator Bank of Japan, which stated that the prospects for future repayment are uncertain. Therefore, loan loss reserves equivalent to the full amount of the balance (loan-loss charge of 100%) were recorded as in FY 2013.
(2)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. Provisions for liability reserves
At the end of each fiscal year, the DICJ must calculate a liability reserve for the General Account, to be set aside in accordance with ordinances of the Cabinet Office and the Ministry of Finance, as stipulated in Article 41 of the Deposit Insurance Act (Act No. 34 of 1971). Article 15 of the Ordinance for Enforcement of the Deposit Insurance Act (Ordinance of the Ministry of Finance No. 28 of 1971) stipulates that an amount of liability reserves that must be set aside cumulatively in each fiscal year shall be an amount equivalent to an amount obtained by subtracting the combined amount of expenses (excluding the transfer to liability reserves) and deficit brought forward from an amount of revenue in the fiscal year concerned.
5. Other Important Matters relating to Preparation of Financial Statements
(1)Accounting method for consumption tax, etc.: tax inclusive method
(2)Other

ⅰ) At the end of each fiscal year, the DICJ must calculate a liability reserve for the General Account, to be set aside in accordance with ordinances of the Cabinet Office and the Ministry of Finance, as stipulated in Article 41 of the Deposit Insurance Act (Act No. 34 of 1971). Article 15 of the Ordinance for Enforcement of the Deposit Insurance Act (Ordinance of the Ministry of Finance No. 28 of 1971) stipulates that an amount of liability reserves that must be set aside cumulatively in each fiscal year shall be an amount equivalent to an amount obtained by subtracting the combined amount of expenses (excluding the transfer to liability reserves) and deficit brought forward from an amount of revenue in the fiscal year concerned.
The amount of profit or loss arising from such accounting is estimated at ¥27,179 million in transfer payments by the contracted bank (of which the estimated amount of payments to the government is ¥12,192 million) in the following fiscal year.

ⅱ) As insurance premiums are to be refunded based on a decision made at the 242th meeting of the Policy Board on March 24, 2014, on the premium rate for FY2014, ¥124,232 million in money on deposits, including ¥124,206 million, an amount equivalent to the insurance premium refunds, was reported.

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