This English translation of “Notes on Financial Statements” of the Institute of Actuaries ofJapan is an unofficial translation. Only its original Japanese texts have effect, and thetranslation is to be used solely as reference material to aid in the understanding of theoriginal one.
この「財務諸表に対する注記」の翻訳は公定訳ではありません。効力を有するのは日本語の資料であり、翻訳はあくまでその理解を助けるための参考資料です。
Notes on Financial Statements
1. Important accounting policies(1) Standards and methods of valuation of securities
The mark-to-market method based on the fair market value is applied to valuation of securities as ofthe last day of the fiscal year.
(2) Standards and methods of valuation of inventories
First In First Out, cost method is applied.
Only inventories acquired during and after FY2006 are booked.
(3) Methods of depreciation of fixed assets
The straight-line method is applied to depreciation of tangible fixed asset.
(4) Standards of booking of reservesReserve for bonuses
The anticipated amount of bonuses payable attributable to the current fiscal year is booked.

Reserve for retirement benefits
The amount equivalent to benefits payable as of the end of the fiscal year is booked.

(5) Methods of processing lease transactions
Accounting process similar to the method used for normal lease transactions is used for finance leasetransactions excluding those in which the ownership of the leased item is deemed to transfer to thelessee.
(6) Accounting for consumption tax and other taxes
Consumption tax and other taxes are booked by the tax included method.

12. Statement of changes in basic fund and specified assets
Statement of changes in specified assets is as shown below.
(Unit: Yen)
Closingbalance at theend of thecurrent year

Closingbalance at theend of theprevious year

Increaseduring thecurrent year

International conference expense fund

81,086,143

0081,086,143

Research and investigation operation fund70,000,000

0070,000,000

Examination and education operation
fund

70,000,00000

70,000,000

Reserve for retirement benefits fund5,459,900

906,400

06,366,300

226,546,043

906,400

0227,452,443

Item

Decreaseduring thecurrent year

Specified assets

Total

3. Breakdown of sources of basic fund and specified assets
Breakdown of sources of specified assets is as shown below.

Item

Closing balanceat the end of thecurrent year

(Unit: Yen)
(Of the balance,amount corresponding
to liabilities)(Of the balance,amount applied fromgeneral net assets)

Specified assets
International conference expense fund

81,086,143(81,086,143)(0)Research and investigation operation fund70,000,000(70,000,000)(0)

Examination and education operation
fund

70,000,000(70,000,000)(0)Reserve for retirement benefits fund

6,366,300(0)(6,366,300)

227,452,443(221,086,143)(6,366,300)

Total

4. Acquisition price, accumulated depreciation and closing balance of fixed assetsThe acquisition price, accumulated depreciation and closing balance of fixed assets are as shown below.

Item

Acquisition price

Accumulated
depreciation(Unit: Yen)
Closing balance at theend of the current year

Building and accessories

11,477,092

8,146,989

3,330,103

Fixtures and equipment

1,631,200

1,203,703

427,497

13,108,292

9,350,692

3,757,600

Total

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