(1) General 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) 926,875 113,390 (Current Liabilities) 125,140 635
Cash and Deposits
125,289 638
Accounts Payable
456 612
Short-Term Loans
50,088 20,022
Deposited Tenders/Dividends
68
Money Deposited
18 153
Money on Deposit
124,615 21
Securities
751,366 92,540
Suspense Receipts
2 2
Prepaid Expenses
0      
Suspense Payments
1      
Accounts Receivable
98 32 (Fixed Liabilities) 1,030,316 420,773
Loan Loss Reserves
13 2
Liability Reserves
1,030,030 420,509
     
Reserves for Retirement Allowance
286 263
(Fixed Assets) 229,036 308,473      
Financial Assistance Related Assets
978 23,178 (Liabilities Total) 1,155,457 421,408
Purchased Assets
7,115 29,279      
Securities
0 0 (Capital) 455 455
Loan Loss Reserves
(6,137) (6,100)
Government Capital
150 150
Deposits and Other Assets Related to Asset Purchase Operations
   
Bank of Japan Capital
150 150
Deposits and Other Claims Purchased
2,438
Private Capital
155 155
Assets Related to Contracted Bridge Bank
         
Contracted Bridge Bank Shares
2,050 2,050 (Net Assets Total) 455 455
Assets Related to Contracted Bank
225,500 280,300      
Contracted Bank Shares
12,000 12,000      
Loans for Contracted Bank
213,500 268,300      
Assets of Financial Institutions under Management
     
Loans of Financial Institutions under Management
226,527 226,527      
Loan Loss Reserves
(226,527) (226,527)      
Tangible Fixed Assets
170 178      
Buildings
151 158      
Tools/Equipment/Fixtures
19 20      
Intangible Fixed Assets
3 3      
Investment and Other Assets
         
Guarantee Money and Other Security Deposit
334 324      
Total 1,155,912 421,863 Total 1,155,912 421,863
 

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit:¥million)
Expenses Revenues
Item FY2012

(Reference)
FY2011

Item FY2012 (Reference)
FY2011
(Current Expenses) 875,129 1,002,262 (Current Revenue) 875,133 1,011,208
Financial Assistance Expenses
2,872 127,468
Insurance Premium Revenues
   
Monetary Grants
633 126,439
Deposit Insurance Premiums
606,561 702,932
Loss on Sales of Purchased Assets
2,221 1,013
Income from Financial Assistance-Related Business
6 0
Administrative Expenses for Purchased Assets
0 0
Income from Purchased Assets
0 0
Cost of Commissioning Management and Collection Recovery Business
18 15
Profit on Sales of Purchased Assets
6 0
     
Interest on Loans of Financial Institutions under Management
53
Expenses for Operations to Purchase Deposits and Other Claims
1,373 0
Income from Purchase of Deposits and Other Claims
1,365
Expenses for Operations Related to Financial Institutions under Management
11,335
Income from Contracted Bank Business
30,519 27,045
     
Interest on Loans to Contracted Bank
266 219
Expenses for Operations Related to Reorganization of Financial Institutions and Others
2 0
Transfer Payments by Contracted Bank
30,253 26,826
     
Income from Contribution by ContractedBridge Bank
11 34
Refunds of Insurance Premiums for Prior Periods
13 10
Contributions related to Financial Institutions, etc. under Management
6
Payments to Government
23,401 25,023
Refunded Monetary Grants
3,526 1,093
General Administrative Expenses
5,280 6,036
Reversal from Loan Loss Reserves
232,628 268,786
Transfer to Jusen Account
316,467
Non-Operating Income
508 11,260
Transfer to Liability Reserves
609,520 283,160      
Transfer to Loan Loss Reserves
232,664 232,628      
Non-Operating Expenses
131      
Interest on Borrowing
131      
Administrative Expenses for Borrowings
0      
Miscellaneous Loss
0      
           
(Extraordinary Expenses) 4 8,946      
Loss from Sale of Fixed Assets
0      
Loss from Retirement of Fixed Assets
3 7      
Loss on Sales of Stocks of Subsidiaries and Affiliates
8,939      
Total 875,133 1,011,208 Total 875,133 1,011,208

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:
Financial Assistance Operating Assets ¥26 million
Tangible Fixed Assets ¥417 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 composition) 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 deemed reasonable. Regarding the balance of principals of loans to the Incubator Bank of Japan, loans loss reserves totaling ¥226,527 million were reported, as was the case in FY2011, in order to fully cover the balance (loan-loss charge of 100%), as the repayment was not made by the end of FY2012.
(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 loss carried 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)   Regarding income from contracted bank under the provision of Article 7 of the Supplementary Provisions of the Deposit Insurance Act, the DICJ received the payments statement prepared under the account settlement for FY2012 from the contracted bank (RCC) on May 28, 2013. In the RCC, the payments are accounted for 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 ¥59,724 million in transfer payments by the contracted bank (of which the estimated amount of payments to the government is ¥15,250 million) in the following fiscal year.

ⅱ)   As insurance premiums are to be refunded based on a decision made at the 228th meeting of the Policy Board on March 26, 2012 on the premium rate for FY2012, ¥124,615 million in money on deposits, including ¥124,595 million, an amount equivalent to the insurance premium refunds, was reported.

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