Japan Expressway Holding and Debt Repayment Agency

Balance Sheet
Accounts title(Note: The values are rounded down to the nearest unit, so the calculation results may be different.)
Balance (B)-(A)Details of accounts title

FY 2018 (A)FY 2019 (B)

100 million yen

100 million yen

ⅠCurrent assets

18,36326,801＋ 8,438

Cash deposit

13,131

23,212＋ 10,080

Accounts receivables such as
road asset leasing fee

3,785

3,424

▲ 361

100 million yen

AssetsOthers

1,447

165

▲ 1,281

ⅡFixed assets

413,739

417,211＋ 3,472

事 業 資産 assets
Tangible
fixed

408,714410,115＋ 1,401

Intangible fixed assets

2,694

2,731＋ 37

Investment and other assets

2,330

4,364

＋ 2,034(Investment securities)

－(27)

(27)

(Long-term deposit)(2,000)(4,300)(＋ 2,300)(Long-term leasing fee)

(330)

(36)

(▲ 293)(Security deposit)

(0)

(0)

(▲ 0)

(Others)

(0)

(0)

(▲ 0)

432,102444,013＋ 11,910

Total assets

Accounts receivables related to road asset leasing fee, occupancy fee, etc.
Accounts receivables, short-term loans, stored goods, advanced payments, etc.
Buildings/structures/land/construction in progress, etc. of road assets and railway
facilities
Leasehold right, facility usage right, etc.

Fixed deposit
Interest-free loans etc. funded by investment received from the government or local
public entities
Long-term prepaid expenses etc.

Debts
ⅠCurrent debts

32,501

34,558＋ 2,057

Agency bonds scheduled to berepaid within one year

25,651

26,969＋ 1,317Long-term loans scheduled tobe repaid within one year

5,074

5,074＋0

Borrowings scheduled to be repaid within one year
Accounts payables, expenses payable, deposits, etc.

Others

1,775

2,513＋ 738

ⅡFixed debts

264,749

267,623＋ 2,874

Agency bonds

228,268

219,262▲ 9,005(Long-term loans)

28,413

40,118＋ 11,705(Long-term accounts payables)

4,686

4,664

▲ 22

OthersBonds scheduled to be redeemed within one year

Bonds with a maturity of more than one year
Borrowings with a maturity of more than one year
Balance of installment principal related to the purchase of Trans-Tokyo Bay Highway

3,381

3,578＋ 197

ⅢReserves based on laws etc.

5,846

5,582

▲ 264

Reserves for the Project toPromote the Effective
Utilization of Expressways

5,776

5,516

▲ 259

Reserves for the purpose of optimizing the Agency's period profit and loss calculationin implementing the Project to Promote the Effective Utilization of Expressways

Reserves
償還準備for金
management ofrailway facilities

6965

▲4

Reserves for leveling the railway facility usage fee collected from railway operators
for the railway facility (Honshi-Bisan Line) management fee

303,097

307,764＋ 4,667

290,450

294,865＋ 4,414

Ⅰ Capital

56,29256,491＋ 198

Ⅱ Capital surplus

8,413

8,409

▲4Total debts
Year-end book value ofinterest-bearing debts

Accounts payables, expenses payable, deposits, etc.

Net assets

Ⅲ Profit surplus

64,30071,348＋ 7,048

Total net assets

129,005

136,249＋ 7,243

Total debts and net assets

432,102444,013＋ 11,910

Investment from government and local public entities

Assets
The total amount of assets is 44,401.3 billion yen. Most of the amount is "tangible fixed assets" of road assets, railway facilities, etc., which is 41,011.5 billion yen, accounting for about
92% of the total.
The assets increased by 1,191 billion yen compared to the end of the previous fiscal year. The main reasons are (a) an increase of 1,008 billion yen in "Cash deposit" due to theacceptance of financial loan funds, (b) an increase of 140.1 billion yen in "Tangible fixed assets" (breakdown: (i) decrease of 1,028.4 billion yen due to depreciation, etc., (ii) increase of
1,168.5 billion yen due to attribution of assets from expressway companies, etc.), and (c) an increase of 203.4 billion yen in "Investment and other assets" (breakdown: (i) increase of 2.7
billion yen due to acquisition of investment securities, (ii) increase of 230 billion yen due to fixed deposits, and (iii) decrease of 29.3 billion yen in interest-free loans etc.).
Debts
The total amount of debts is 30,776.4 billion yen. Most of the amount is "Agency bonds (including those redeemed within one year)", which is 24,623.1 billion yen and "Long-term loans(including those redeemed within one year)", which is 4,519.2 billion yen, 29,142.3 billion yen in total accounting for about 94% of the total.
The debts were increased by 466.7 billion yen compared to the end of the previous fiscal year. The main reasons are (a) a decrease of 3,075.2 billion yen due to the redemption orrepayment of "Agency bonds" and "Long-term loans", and (b) a decrease of 25.9 billion yen due to the withdrawal of the "Reserves for the Project to Promote the Effective Utilization ofExpressways", while (c) an increase of 2,285 billion yen due to new procurement of "Agency bonds" and "Long-term loans", and (d) an increase of 1,184.8 billion yen due to undertaking
of debts from expressway companies.
Net assets
The total amount of net assets is 13,624.9 billion yen.
It increased by 724.3 billion yen compared to the end of the previous fiscal year, and the main reason is an increase of 705 billion yen due to the accumulation of annual gross profit of"Profit surplus".