(4) Early 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) 1,299,389 1,128,905 (Current Liabilities)    
Cash and Deposit
21 24
Accounts Payable
1 2
Securities
1,298,933 1,128,433      
Suspense Payments
1 1 (Fixed Liabilities)    
Accrued Income
432 446
Reserves for Retirement Allowance
5 4
Accounts Receivable
0 0      
      (Liabilities Total) 6 7
(Fixed Assets) 290,233 372,358      
Tangible Fixed Assets
1 2 (Surplus)    
Buildings
1 1
Earned Surplus
1,589,616 1,501,256
Tools/Equipment/Fixtures
0 0
Accumulated Funds
1,501,256 1,560,607
Intangible Fixed Assets
0 0
Unappropriated Current Profit or Undisposed-of Current Deficit (-)
88,359 (59,350)
Investments and Other Assets
         
Loans for Contracted Bank
290,231 372,356      
      (Net Assets Total) 1,589,616 1,501,256
Total 1,589,622 1,501,263 Total 1,589,622 1,501,263

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit:¥million)
Expenses Revenue
Item FY2013 (Reference) FY2012 Item FY2013 (Reference) FY2012
(Current Expenses) 247 6,1415 (Current Revenue) 88,607 2,064
Compensation of Loss at Contracted Bank
61,069
Income from the Contracted Bank
86,765
General Administrative Expenses
57 55
Interest on Loans to Contracted Bank
317 599
Non-operating Expense
189 290
Non-Operating Income
1,523 1,464
Administrative Expenses for DICJ Bonds
0 (Current Deficit) 59,350
Losses from Sale of Securities
0      
Loss on Redemption of Securities
189 290      
(Extraordinary Expenses) 0 0      
Loss from Sale of Fixed Assets
0      
Loss from Retirement of Fixed Assets
0 0      
(Current Profit) 88,359      
Total 88,607 61,415 Total 88,607 61,415
Notes: 1. Current profit of ¥88,359 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 FY2013 from the RCC (contracted bank) on May 30, 2014. In the RCC, the payments are 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 ¥5,813 million in FY2014.

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