U.S. - JAPAN COUNCIL (JAPAN)
Financial Statements
For the Year from January 1 to December 31, 2017

Table of Content
1) Balance Sheet
2) Net Asset Gain and Loss Calculation Sheet and the detail by divisions3) Explanatory notes
4) Supplemental Statement5) List of Properties

U.S. - Japan Council (Japan)
Balance Sheet
As of 12/31/2017

Ⅰ

Account Items
Asset
1 Current Assets
Cash and cash equivalent
Total Current Assets
2 Fixed Assets(1) Basic Funds
Cash and cash equivalent
Total Basic Funds(2) Specific Funds
Prepaid Insurance
PC
Cash and cash equivalent-GENERAL Specific FundsCash and cash equivalent-TOMODACHI Specific Funds
Total Specific Funds(3) Other Fixed Assets
Total Other Assets
Total Fixed Assets
Total Assets

ⅡⅢLiabilities
1 Current Liabilities
Other payable
W/H Tax
Due to USJC(US)
Total Current Liabilities
2 Fixed Liabilities
Total Fixed Liabilities
Total Liabilities
Net Assets
1 Specified Net Assets
寄付金
Basic Fund
指定正味財産合計
TOMODACHI Fund（Apportion to Basic Funds)(Apportion to Specific Funds)
2 General Net Assets（Apportion to Basic Funds)（Apportion to Specific Funds)
Total Net Assets
Total Liabilities and Net Assets

As of December 31, 2017

As of December 31, 2016

(UNIT:JPY)
VAR

85,158,477
85,158,477

62,828,741
62,828,741

22,329,736
22,329,736

3,000,000
3,000,000

3,000,000
3,000,000

00552,406
0
126,571,952
294,217,557
421,341,915

653,765
5,048
120,730,802
408,815,174
530,204,789-101,359-5,048
5,841,150-114,597,617-108,862,874

0
424,341,915

0533,204,789

0-108,862,874

509,500,392

596,033,530-86,533,138

2,697,955
382,160
82,078,362
85,158,477

5,129,694
102,300
57,596,747
62,828,741-25,008,618
279,860
24,481,615
22,329,736

0
85,158,477

062,828,741

0
22,329,736

424,341,915
424,341,915
3,000,000
421,341,915
000424,341,915
509,500,392

533,204,789
533,204,789
3,000,000
530,204,789
000533,204,789
596,033,530-108,862,874-108,862,874
0-108,862,874000-108,862,874-86,533,138

U.S. - Japan Council (Japan)
Net Asset Gain and Loss Calculation Sheets
From January 1, 2017 To December 31, 2017
Account Items
Ⅰ

12/31/2017

VAR

12/31/2016

Change in Net Assets(1)①

Recurring Income
Donation Income
Amount Transferred from Net Assets

(2)
①

②

517,226,812
517,226,812
517,226,812

608,218,035
608,218,035
608,218,035-90,991,223-90,991,223-90,991,223

Recurring Expenses
Departmental Expenses
Salaries Expense
Legal Social Welfare
Commuting Expense
Program Implementation Expenses
Contracted Service (USJC-US)
Outsourcing Costs
Meals/Entertainment Expense
Supplies/Merchandise Expense
Printing Expense
Travel Expense
Meeting/Event Expense
Postage/Communication
Homepage expense
other509,343,735
42,671,507
6,283,408
1,143,417
361,750,325
62,288,785
19,058,046
553,677
342,490
19,5483,018,521
9,029,481
2,812,682
177,769
194,079

595,059,048
34,655,655
5,062,836
1,074,381
467,588,369
43,637,405
27,215,176
308,993
1,243,818
320,829
3,992,955
8,114,370
1,455,963
383,924
4,374-85,715,313
8,015,852
1,220,572
69,036-105,838,044
18,651,380-8,157,130
244,684-901,328-301,281-974,434
915,111
1,356,719-206,155
189,705

Administrative expenses
Supplies Expense
Business Taxes and Dues
Credit Card fee
Depreciation
Printing Expense
Dues/Subs&Entree fee
Insurance Expenses
Professional
Postage/Communication
Bank Charges
other7,883,077
306,373
0
1,138
5,048
662,700
72,000554,190
5,568,652
160,340
165,188
387,448

13,158,987
43,311330
13,68153,0001,037,180
216
560,514
10,738,044
213,407
135,821363,483-5,275,910
263,062-330-12,543-47,952-374,480
71,784-6,324-5,169,392-53,067
29,36723,965517,226,812
0

608,218,035
0-90,991,223
0

Non Recurring Gain

000

Realized Currency Revaluation Loss
Non Recurring Loss
Changes in Non Recurring Gain/Loss

000000Changes in Net Assets

000

Beginning General Net Assets Balance
General Net Assets BB Adjustment
Ending General Net Assets Balance

000000000Donation Income
Interest Income
Currency Exchange Revaluation
Transfer to General Net Assets
Changes in Net Assets
Beginning Speficied Net Assets Balance
General Net Assets BB Adjustment
Ending Specified Net Assets Balance

408,370,614
66,108-72,784-517,226,812-108,862,874
533,204,789
0
424,341,915

630,343,645
103,795-4,815,456-608,218,035
17,413,949
515,790,840
0533,204,789-221,973,031-37,6874,742,672
90,991,223-126,276,823
17,413,949
0-108,862,874

Ending Net Assets

424,341,915

533,204,789-108,862,874

2
(1)
(2)

ⅡⅢ

U.S. - Japan Council (Japan)
Statement of Activities (by divisions)
From January 1, 2017 To December 31, 2017
(UNIT:JPY）
Public Initiatives

Account
TOMODACHI
Ⅰ

合計

General Education

CommonGrand Total

Change in Net Assets
1(1)①Recurring Income
Donation Income
Amount Transferred from Net Assets

503,778,645
503,778,645
503,778,645

5,565,090
5,565,090
5,565,090

7,883,077
7,883,077
7,883,077517,226,812
517,226,812
517,226,812

503,778,645
42,536,506
6,283,408
1,143,417
361,227,245
62,288,785
19,058,046
528,450
322,784
19,5482,830,044
4,492,966
2,675,598
177,769
194,079

5,565,090
135,00100
523,0800025,227
19,706
0
188,477
4,536,515
137,084
000
0
00
0
0
00
0
0
0
0
0
0
0

509,343,735
42,671,507
6,283,408
1,143,417
361,750,325
62,288,785
19,058,046
553,677
342,490
19,5483,018,521
9,029,481
2,812,682
177,769194,079

0000000000000000000000

7,883,077
306,373
1,138
5,048
662,700
72,000554,190
5,568,652
160,340
165,188
387,448

7,883,077
306,373
1,138
5,048
662,700
72,000554,190
5,568,652
160,340
165,188
387,448

503,778,645
0

5,565,090
07,883,077
0517,226,812
0

Non Recurring Gain

00000

Non Recurring Loss
Changes in Non Recurring Gain/Loss

00000000

Changes in Net Assets

0000

Beginning General Net Assets Balance
General Net Assets BB Adjustment
Ending General Net Assets Balance

000000000000Donation Income
Interest Income
Currency Exchange Revaluation
Transfer to General Net Assets
Changes in Net Assets
Beginning Speficied Net Assets Balance
General Net Assets BB Adjustment
Ending Specified Net Assets Balance

000000000000
00
00408,370,614
66,108-72,784-517,226,812-108,862,874
533,204,789

408,370,614
66,108-72,784-517,226,812-108,862,874
533,204,789

0424,341,915

0424,341,915

Ending Net Assets

00424,341,915

424,341,915(2)①Recurring Expenses
Departmental Expenses
Salaries Expense
Legal Social Welfare
Commuting Expense
Program Implementation Expenses
Contracted Service (USJC-US)
Outsourcing Costs
Meals/Entertainment Expense
Supplies/Merchandise Expense
Printing Expense
Travel Expense
Meeting/Event Expense
Postage/Communication
Homepage Expense
Other

②

Administrative expenses
Supplies Expense
Credit Card fee
Depreciation
Printing Expense
Dues/Subs&Entree fee
Insurance Expenses
Professional
Postage/Communication
Bank Charges
other2(1)(2)

ⅡⅢ

US-Japan Council (Japan)
Explanatory notes to the financial statements
As of 12/31/2017
1．Significant Accounting Policies（1）Donation
Donation are recognized as donation income in the period received in the Net Asset Gain and Loss Calculation Sheet,based on the donor imposed restrictions. In our balance sheet, donation which are received but still restricted by
the donor at the end of the period, are reported and classified as specified fund. Such donation are classified from
specified net asset to general net asset and reported as income upon the achievement of the program purpose and as
the amounts become unrestricted.
（2）Consumption tax
We calculate and account for consumption tax based on tax-inclusive accounting method.
2． Balance of the basic fund and specified fundFollowing sheet shows the balance of the basic fund and specified fund
（Unit:Yen）
Beginning
Balance

Subject
Basic fundCash and cash equivalent
SubtotalSpecified asset
Equipment
Prepaid insurance
General Fund
Tomodachi fund
Subtotal
Total

Increase within
the period

Decrease within
the period

3,000,000
3,000,000--

3,000,000
3,000,000

5,048
653,765
120,730,802
408,815,174
530,204,789
533,204,789

0552,406
55,235,000
353,135,614
408,923,020
408,923,020

5,048
653,765
49,393,850467,733,231
517,785,894
517,785,894

0552,406
126,571,952
294,217,557
421,341,915
424,341,915

Ending Balance

3．Breakdown of basic fund and specified fundFollowing sheet shows the breakdown of basic fund and specified fund.
（単位:円）
Subject

Ending balance

Basic Fund
Cash and cash equivalent
SubtotalSpecified fundEquipment
Prepaid insurance
General Fund
Tomodachi fund
Subtotal
Total（amount ofappropriationfrom specified
net asset ）（amount ofappropriationfrom general netasset）（amount ofliability）

3,000,000
3,000,000

3,000,000
3,000,000--0552,406
126,571,952
294,217,557
421,341,915
424,341,915

0
552,406
126,571,952
294,217,557
421,341,915
424,341,915--

4．Asset subject to lien
N/A
5. The acquisition cost of fixed asset, amount of accumulated depreciation and the ending balance
Following sheet shows the acquisition cost, amount of accumulated depreciation and the ending balance of the fixed asset（Unit:Yen）
Amount ofAcquisition cost
accumulatedBook value
depreciation
Equipment
115,209115,2090
6．Contingent liability for guaranteed obligation
N/A
7．Breakdown, increase and decrease amount and ending balance of the grant
N/A
8 Breakdown of the ammount of appropriation from specified net asset to general net asset
Following sheet shows the breakdown of the ammount of appropriation from specified net asset to general net asset（Unit:Yen）
Contents
Amount of value
Ammount of transfer to recurring income
Amount of the income which became unrestricted
upon the achievement of the program purpose

517,226,812

Total

517,226,812

9．Detail of internal transaction
N/A
10．Important subsequent event
N/AUS-Japan Council (Japan)
Supplemental statement
As of 12/31/2017
1．Statement of basic fund and specified asset
We omitted the statement of basic fund and specified fund as those are noted atparagraph 2 “Breakdown of basic fund and specified fund” within explanatory
notes to the financial statements

U.S. - Japan Council (Japan)
List of Properties
As of December 31, 2017
Balance Sheet Account Item
(Current Assets)
Bank AccountLocation, quantity, etc

Use as working capital (to beOrdinary Account - Bank of Mitsubishi transferred from MUFG- Specific Fund
UFG (MUFJ)(TOMODACHI)

Total Current Assets(Fixed Assets)
Basic FundsFixed Deposit

Specific Funds

Intended use, etc

Equity Funds for Koeki Hojin

3,000,000

Fixed Net Assets

0Prepaid Insutance552,406

General Education Fund - Bank ofMitsubishi UFG

Used for General Education Program General Education

126,571,952

Specific Fund - Bank Of Mitsubishi
UFG

Used for TOMODACHIfund -funds beappropriatead to TOMODACHI Initiatives

294,217,557
421,341,915

Total Fixed Assets
Total Assets
Total Current Liabilities

424,341,915
509,500,392
85,158,477
Accured Expenses
Accured Expenses - Taxes
Due to USJC(US)

Total Fixed LiabilitiesTotal Liabilities
Net Assets

85,158,477

85,158,477

Total Specific Funds

Specific Funds(Unit: JPY)
Amount2,469,957
Used for TOMODACHIfund and General
Education

382,160
82,078,362
85,158,477
424,341,915