(6) Financial Functions Strengthening Account

Balance Sheet

(Unit: million yen)
Assets Liabilities and Net Assets
Item March 31, 2011 Item March 31, 2011
(Current Assets) 363 (Current Liabilities) 69,074
Cash and Deposits
20
Short-Term Borrowing
69,000
Securities
269
Accounts Payable
1
Accrued Income
72
Accrued Expenses Payable
72
Accounts Receivable
-    
       
    (Fixed Liabilities) 279,982
(Fixed Assets) 349,700
DICJ Bonds
280,000
Tangible Fixed Assets
0
Discount on DICJ bonds
(22)
Buildings
0
Reserves for Retirement Allowance
5
Tools/Equipment/Fixtures
0    
Investment and Other Assets
349,700 (Liabilities Total) 349,056
Loans for Contracted Bank
349,700 (Surplus)  
Guarantee Money and Other Security Deposit
-
Earned Surplus
1,007
   
Accumulated Funds
1,090
   
Unappropriated current profit or undisposed
(83)
   
current loss (-)
 
       
    (Net Assets Total) 1,007
       
Total 350,064 Total 350,064

Note: Figures are rounded down.

 

Profit and Loss Statement

(Unit: million yen)
Expenses Revenue
Item FY2010 Item FY2010
(Current Expenses) 756 (Current Revenue) 672
General Administrative Expenses
83
Transter Payments by Contracted Banks
91
Non-Operating Expenses
672
Interest on Loans to Contracted Bank
580
Interest in Borrowing
221
Non-Operating Income
0
Interest on DICJ Bonds
299    
Administrative Expenses for DICJ Bonds
151 (Current Deficit) 83
       
(Current Profit) -    
       
Total 756 Total 756
The notes below refer to the items mentioned for the FY2010 settlement of accounts.
Notes: 1. Current profit ¥83 million is added to the accumulated fund for the next fiscal year pursuant to the provision of Article 4 paragraph 1of the Or Regulating Financial Functions Strengthening Operations of the DICJ.
2. Figures are rounded down
 

      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 the 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 on 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.

(4)  Accounting criteria for revenue and expenses: accrual method

(5)  Other

Regarding payment by contracted banks under the provision of Article 41 of the Financial Function Strengthening Act, the DICJ received the payment statement prepared under the account settlement for as expenses in FY2010 from the RCC, a contracted bank on May 31, 2011.
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 ¥3,968 million in the following fiscal year.

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