(4) Early Strengthening Account

Balance Sheet

(Unit:¥million)
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) 1,128,905 965,203 (Current Liabilities)    
Cash and Deposit
24 21
Accounts Payable
2 1
Securities
1,128,433 964,445      
Suspense Payments
1 2 (Fixed Liabilities)    
Accrued Income
446 734
Reserves for Retirement Allowance
4 4
Accounts Receivable
0 0      
      (Liabilities Total) 7 5
(Fixed Assets) 372,358 595,408      
Tangible Fixed Assets
2 2 (Surplus)    
Buildings
1 1
Earned Surplus
1,501,256 1,560,607
Tools/Equipment/Fixtures
0 0
Accumulated Funds
1,560,607 1,551,378
Intangible Fixed Assets
0 0
Unappropriated Current Profit or Undisposed-of Current Deficit (-)
(59,350) 9,228
Investments and Other Assets
         
Loans for Contracted Bank
372,356 595,406      
           
      (Net Assets Total) 1,501,256 1,560,607
Total 1,501,263 1,560,612 Total 1,501,263 1,560,612

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit:¥million)
Expenses Revenue
Item FY2012 (Reference) FY2011 Item FY2012 (Reference) FY2011
(Current Expenses) 6,1415 4,614 (Current Revenue) 2,064 13,842
Compensation of Loss at the Contracted Bank
61,069
Income from the Contracted Bank
6,031
General Administrative Expenses
55 57
Interest on Loans to Contracted Bank
599 2,138
Non-operating Expense
290 4,557
Non-Operating Income
1,464 5,672
Interest on DICJ Bonds
2,079      
Administrative Expenses for DICJ Bonds
0 1 (Current Deficit) 59,350
Loss on Redemption of Securities
290 2,476      
           
(Extraordinary Expenses) 0 0      
Loss from Sale of Fixed Assets
0      
Loss from Retirement of Fixed Assets
0 0      
(Current Profit) 9,228      
Total 61,415 13,842 Total 61,415 13,842
Notes: 1. Current deficit of ¥59,350million is used to reduce the accumulated fund pursuant to the provisions of Article 8 paragraph (2) 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: ¥4 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 FY2012 from the contracted bank (RCC), on May 31, 2013. In the RCC, the payments are 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 ¥86,765 million.

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