(6) Financial Functions Strengthening Account

Balance Sheet

(Unit: million yen)
Assets Liabilities and Net Assets
Item March 31,
2012
(Reference)
March 31,
2011
Item March 31,
2012
(Reference)
March 31,
2011
(Current Assets) 491 363 (Current Liabilities) 521,713 69,074
Cash and Deposit
19 20
Short-Term Borrowing
241,600 69,000
Securities
339 269 DICJ Bonds (due for redemption within 1 year) 280,000
Accrued Income
132 72
Discount on DICJ Bonds (due for redemption within 1 year)
(14)
Accounts Receivable
0
Accounts Payable
2 1
     
Accrued Expense Payable
126 72
(Fixed Assets) 526,200 349,700      
Tangible Fixed Assets
0 0 (Fixed Liabilities) 5 279,982
Buildings
0 0
DICJ Bonds
280,000
Tools/Equipment/Fixtures
0 0
Discount on DICJ bonds
(22)
Investments and Other Assets
   
Reserves for Retirement Allowance
5 5
Loans for Contracted Bank
526,200 349,700      
      (Liabilities Total) 521,719 349,056
           
      (Surplus)    
     
Earned Surplus
4,972 1,007
     
Accumulated Funds
1,007 1,090
     
Unappropriated Current Profit or Undisposed Current Loss (-)
3,964 (83)
           
      (Net Assets Total) 4,972 1,007
Total 526,691 350,064 Total 526,691 350,064

Note: Figures are rounded off.

 

Profit and Loss Statement

(Unit: million yen)
Expenses Revenue
Item FY2011 (Reference)
FY2010
Item FY2011 (Reference)
FY2010
(Current Expenses) 642 756 (Current Revenue) 4,607 672
General Administrative Expenses
86 83
Transfer Payments by Contracted Banks
3,968 91
Non-operating Expense
555 672
Interest on Loans to Contracted Bank
638 580
Interest in Borrowing
146 221
Non-Operating Income
0 0
Interest on DICJ Bonds
407 299      
Administrative Expenses for DICJ Bonds
0 151 (Current Deficit) 83
           
(Current Profit) 3,964      
Total 4,607 756 Total 4,607 756
Notes: 1. Current profit of ¥3,964 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.
2. Figures are rounded off.
 

The notes below refer to the items mentioned for the FY2011 settlement of accounts.

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 using the criteria under the Corporation Tax Act. The aggregate depreciation amount is as follows:
Tangible Fixed Assets ¥0 million
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: 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) Appropriating method of DICJ Bonds Issuing Cost All the expenses are accounted for at the time of expenses. Accounting criteria for revenue and expenses: accrual method
  (4) Other
Regarding payments by contracted banks under the provision of Article 41 of the Act on Special Measures for Strengthening Financial Functions, the DICJ received the payments statement prepared under the account settlement for FY2011 from the RCC (a contracted bank) on May 31, 2012. In the RCC, the payments were accounted for as expenses in FY2010, 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 ¥4,267 million in the following fiscal year.

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