(5) Financial Functions Strengthening Account

Balance Sheet

(Unit: million yen)
Assets Liabilities and Net Assets
Item End of March, 2013 (Reference) End of March, 2012 Item End of March, 2013 (Reference) End of March, 2012
(Current Assets) 695 491 (Current Liabilities) 267,332 521,713
Cash and Deposit
22 19
Short-Term Borrowing
267,200 241,600
539 339 DICJ Bonds (due for redemption within one year) 280,000
Accrued Income
132 132
Discount on DICJ Bonds (due for redemption within one year)
Accounts Receivable
0 0
Accounts Payable
13 2
Accrued Expense Payable
118 126
(Fixed Assets) 555,800 526,200      
Tangible Fixed Assets
0 0 (Fixed Liabilities) 280,074 5
0 0
DICJ Bonds
0 0
Discount on DICJ bonds
Investments and Other Assets
Reserves for Retirement Allowance
5 5
Loans for Contracted Bank
555,800 526,200      
      (Liabilities Total) 547,407 521,719
Earned Surplus
9,088 4,972
Accumulated Funds
4,972 1,007
Unappropriated Current Profit
4,116 3,964
      (Net Assets Total) 9,088 4,972
Total 556,495 526,691 Total 556,495 526,691

Note: Figures are rounded off.


Profit and Loss Statement

(Unit: million yen)
Expenses Revenue
Item FY2012 (Reference) FY2011 Item FY2012 (Reference) FY2011
(Current Expenses) 782 642 (Current Revenue) 4,899 4,607
General Administrative Expenses
82 86
Transfer Payments by Contracted Banks
4,267 3,968
Non-operating Expense
700 555
Interest on Loans to Contracted Bank
630 638
Interest in Borrowing
276 146
Non-Operating Income
1 0
Interest on DICJ Bonds
271 407      
Administrative Expenses for DICJ Bonds
151 0      
(Extraordinary Expenses) 0      
Loss from Sale of Fixed Assets
Loss from Retirement of Fixed Assets
(Current Profit) 4,116 3,964      
Total 4,899 4,607 Total 4,899 4,607
Notes: 1. Current profit of ¥4,116 million is added to the reduced accumulated fund for the next 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 FY2012 from the contracted bank (RCC) on May 31, 2013. In the RCC, the payments were accounted for as expenses in FY2012, 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 ¥6,253 million in the following fiscal year.

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