(5) Financial Functions Strengthening Account

Balance Sheet

(Unit:¥million)
Assets Liabilities and Net Assets
Item End of March, 2014 (Reference) End of March, 2013 Item End of March, 2014 (Reference) End of March, 2013
(Current Assets) 39,843 695 (Current Liabilities) 494,997 267,332
Cash and Deposit
21 22
Short-Term Borrowing
214,900 267,200
Securities
39,758 539
DICJ Bonds (due for redemption within one year)
280,000
Accrued Income
63 132
Discount on DICJ Bonds (due for redemption within one year)
12
Accounts Receivable
0 0
Accounts Payable
3 13
     
Accrued Expense Payable
81 118
(Fixed Assets) 470,500 555,800      
Tangible Fixed Assets
0 0 (Fixed Liabilities) 7 280,074
Buildings
0 0
DICJ Bonds
280,000
Tools/Equipment/Fixtures
0 0
Discount on DICJ bonds
68
Investments and Other Assets
   
Reserves for Retirement Allowance
7 5
Loans for Contracted Bank
470,500 555,800      
      (Liabilities Total) 495,004 547,407
           
      (Surplus)    
     
Earned Surplus
15,339 9,088
     
Accumulated Funds
9,088 4,972
     
Unappropriated Current Profit
6,250 4,116
           
      (Net Assets Total) 15,339 9,088
Total 510,343 556,495 Total 510,343 556,495

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit:¥million)
Expenses Revenue
Item FY2013 (Reference) FY2012 Item FY2013 (Reference) FY2012
(Current Expenses) 551 782 (Current Revenue) 6,802 4,899
General Administrative Expenses
86 82
Transfer Payments by Contracted Banks
6,253 4,267
Non-operating Expense
465 700
Interest on Loans to Contracted Bank
541 630
Interest in Borrowing
240 276
Non-Operating Income
6 1
Interest on DICJ Bonds
224 271      
Administrative Expenses for DICJ Bonds
0 151      
           
(Extraordinary Expenses) 0 0      
Loss from Sale of Fixed Assets
0      
Loss from Retirement of Fixed Assets
0 0      
           
(Current Profit) 6,250 4,116      
Total 6,802 4,899 Total 6,802 4,899
Notes: 1. Current profit of ¥6,250 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 FY2013 from the RCC (contracted bank) on May 30, 2014. In the RCC, the payments were accounted for as expenses in FY2013, 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 ¥22,499 million in the following fiscal year.

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