Kansai International Airport Company, Ltd.
Consolidated Balance Sheets
March 31, 2011 and 2010ASSETS
CURRENT ASSETS:
Cash and cash equivalents
Receivables:
Trade accounts
OtherOther current assets
Allowance for doubtful accounts
Total current assets

PROPERTY,Land
PLANT AND EQUIPMENT
Buildings and structures
Machinery and equipment
Furniture and fixtures
Construction in progress
Total
Accumulated depreciation
Net property, plant and equipment
INVESTMENTS AND OTHER ASSETS¥Millions of Yen
2011
2010

Thousands ofU.S. Dollars
2011

10,402$¥

14,131

125,325

5,094
231
2,365
(13)

4,939
120
2,212
(17)

61,373
2,783
28,495(157)

18,07921,385

217,819

1,054,412
777,034
93,457
18,980400,976
2,344,859(470,842)

1,054,231
783,117
95,434
18,777
392,690
2,344,249(451,659)

12,703,759
9,361,855
1,125,988
228,675
4,831,036
28,251,313(5,672,795)

1,874,017

1,892,590

22,578,518

1,324

1,602

15,952¥ 1,893,420¥ 1,915,577$ 22,812,289

Millions of Yen
2011
2010

LIABILITIES AND EQUITYCURRENT LIABILITIES:
Short-term bank loans
Current maturities of long-term debt
Payables:Trade accounts
Construction and other
Other current liabilities

¥

3,900
173,452¥

14,400134,899

Thousands of
U.S. Dollars
2011$

46,9882,089,783

2,843
5,196
6,161

3,377
4,909
8,479

34,25362,60374,229191,552

166,064

2,307,856

1,083,615
7,317
3,096

1,138,937
8,384
2,900

13,055,602
88,15737,301

1,094,028

1,150,221

13,181,060

814,990(207,530)

813,820(214,857)

9,819,156(2,500,361)

Total

607,460

598,9637,318,795

Minority Interests

380

329

4,578

607,840¥ 1,893,420

599,292¥ 1,915,577

7,323,373$ 22,812,289

Total current liabilities
LONG-TERM LIABILITIES:Long-term debt
Long-term deposits received
Other long-term liabilities
Total long-term liabilities

EQUITY
Common stock, 17,542 thousand sharesauthorized in 2011 and 2010;
16,299 thousand and 16,276 thousand sharesissued and outstanding in 2011 and 2010
Deficits

TOTAL
Total equity
TOTAL

Kansai International Airport Company, Ltd.
Consolidated Statements of Income
Years Ended March 31, 2011 and 2010
Thousands ofU.S. Dollars
2011Millions of Yen
2011
2010
OPERATING REVENUES:
Airport facilities
Airport service
Airport - other
Railway facilities
Total operating revenues¥OPERATING EXPENSES:
Airport - facilities and service operations
Airport - other operations
Airport - selling, general and administrative
Airport - depreciation
Total airport operating expenses

48,255
15,053
21,835
4,211
89,354¥48,08915,223
18,973
4,187
86,472$581,386
181,361
263,072
50,735
1,076,554

23,692
10,4498,855
23,976
66,97225,0738,429
8,851
27,79570,148285,446
125,892
106,687
288,867
806,892

Railway facilities - operations
Railway facilities - general and administrative
Railway facilities - depreciation
Total railway operating expenses

836
91
2,416
3,343

902
126
2,724
3,752

10,072
1,096
29,10940,277

Total operating expenses

70,31573,900847,169

OPERATING INCOME

19,03912,572

229,385

OTHER INCOME(EXPENSES):Interest income
Government subsidy
Interest expence
Other - net
Other expenses - net

192
7,500
(18,233)(1,066)(11,607)242
9,000(20,943)(667)(12,368)

2,313
90,361(219,675)(12,842)(139,843)

7,432

20489,542

102(48)5493(85)
81,229(578)651

NET INCOME BEFORE MINORITY INTERESTS

7,378−88,891

MINORITY INTERESTS IN NET INCOME OFSUBSIDIARIES

5154614142

88,277

INCOME BEFORE INCOME TAXES AND
MINORITY INTERESTSINCOME TAXES
Current
Deferred
Total income taxes

NET INCOME¥7,327¥Yen

INCOME PER COMMON SHARE¥449.89¥

U.S. Dollars
8.74$

5,420.4

Kansai Inter national Air por t Company,Ltd
Consolidated Statement of Compr ehensive Income
Year Ended Mar ch 31, 2011

2011
7,378

Thousands ofU.S. Dollars
2011$88,891

7,378

88,891Millions of Yen
NET INCOME BEFORE MINORITY¥COMPREHENSIVE INCOME
TOTAL COMPREHENSIVE INCOME
ATTRIBUTABLE TO (Note 20):
Owners of the parent
Minority interests¥7,32751$

88,277614

Kansai International Airport Company, Ltd.
Consolidated Statements of Changes in Equity
Years Ended March 31, 2011 and 2010
Thousands

Millions of Yen

Number of Sharesof Common Stock
IssuedCommonStock

Deficits

Total

16,253

812,650(214,999)

597,651

Issuance of common stock
Net income
Net change in the year

23

1,170

142

1,170142

BALANCE, MARCH 31, 2010

16,276

813,820(214,857)

598,963Issuance of common stock
Net income
Net change in the year

23

1,170

7,327

1,170
7,327

BALANCE, MARCH 31, 201116,299BALANCE, APRIL 1, 2009

¥814,990¥ (207,530)¥607,460¥

Minority
interest

Total
Equity275

597,926

54

1,170
142
54

329

599,292

51

1,170
7,327
51

380

¥

607,840

Kansai International Airport Company, Ltd.
Consolidated Statements of Changes in Equity
Years Ended March 31, 2011 and 2010
Thousands of U.S. dollars

CommonStock

Deficits

BALANCE, MARCH 31, 2010

＄ 9,805,060＄ (2,588,638)＄ 7,216,422

Issuance of common stock
Net income
Net change in the year

14,09688,277

14,09688,277BALANCE, MARCH 31, 2011

＄ 9,819,156＄ (2,500,361)＄ 7,318,795

Total

＄＄

Minority
interest

Total
Equity3,964＄ 7,220,386

614

14,09688,277614

4,578＄ 7,323,373