Kansai International Airport Company, Ltd.
Consolidated Balance Sheets
March 31, 2012 and 2011ASSETS
CURRENT ASSETS:
Cash and cash equivalents
Receivables:
Trade accounts
OtherOther current assets
Allowance for doubtful accounts¥Millions of Yen
2012
2011

Thousands ofU.S. Dollars
2012

10,619$¥10,402

129,500

5,627
2,135
2,510
(4)

5,094
231
2,365
(13)

68,622
26,03730,610(49)

Total current assets

20,887

18,079254,720PROPERTY, PLANT AND EQUIPMENTLand
Buildings and structures
Machinery and equipment
Furniture and fixtures
Construction in progress
TotalAccumulated depreciation

1,054,862
770,631
92,622
18,423
406,488
2,343,026(486,951)

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

12,864,171
9,397,939
1,129,536
224,671
4,957,171
28,573,488(5,938,427)

1,856,075

1,874,017

22,635,061

1,017

1,324

12,402

Net property, plant and equipment
INVESTMENTS AND OTHER ASSETS¥ 1,877,979¥ 1,893,420$ 22,902,183

Millions of Yen
2012
2011

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

¥

8,000
144,356¥

3,900
173,452

Thousands ofU.S. Dollars
2012$

97,561
1,760,439

3,376
6,084
6,348

2,843
5,196
6,161

41,171
74,19577,414

168,164

191,552

2,050,780

1,083,381
6,706
3,636

1,083,615
7,317
3,096

13,211,963
81,78044,342

1,093,723

1,094,028

13,338,085

814,990(199,291)

814,990(207,530)

9,938,902(2,430,377)

Total

615,699

607,460

7,508,525

Minority Interests393380

4,793

616,092¥ 1,877,979

607,840¥ 1,893,420

7,513,318$ 22,902,183

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 2012 and 2011;16,299 thousand shares issued andoutstanding in 2012 and 2011
Deficits

TOTAL
Total equity
TOTAL

Kansai International Airport Company, Ltd.
Consolidated Statements of Income
Years Ended March 31, 2012 and 201１

Millions of Yen2012
2011
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

46,824
16,196
21,201
4,079
88,300¥48,255
15,053
21,835
4,211
89,354

Thousands ofU.S. Dollars
2012$

571,024
197,512258,549
49,744
1,076,829

25,032
10,131
9,546
22,507
67,216

23,692
10,4498,855
23,976
66,972305,268
123,549
116,415
274,476
819,708Railway facilities - operations
Railway facilities - general and administrative
Railway facilities - depreciation
Total railway operating expenses

858
96
2,359
3,313

836
91
2,416
3,343

10,463
1,171
28,76840,402

Total operating expenses

70,52970,315860,110OPERATING INCOME

17,771

19,039216,719

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

137
7,500
(16,142)(768)(9,273)192
7,500(18,233)(1,066)(11,607)

1,671
91,463(196,854)(9,365)(113,085)

8,498

7,432

103,634

10650156102(48)541,293609
1,902

NET INCOME BEFORE MINORITY INTERESTS

8,342

7,378

101,732

MINORITY INTERESTS IN NET INCOME OFSUBSIDIARIES

10351

1,256

7,327

100,476

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

NET INCOME

¥

8,239

¥Yen

INCOME PER COMMON SHARE¥

505.46¥

U.S. Dollars
449.89$6,164.1

Kansai Inter national Air por t Company,Ltd
Consolidated Statement of Compr ehensive Income
Year Ended Mar ch 31, 2012 and 2011

2011
7,378

Thousands ofU.S. Dollars
2012$101,732

7,378

101,732

Millions of Yen
NET INCOME BEFORE MINORITY INTEREST¥COMPREHENSIVE INCOME
TOTAL COMPREHENSIVE INCOME
ATTRIBUTABLE TO
Owners of the parent
Minority interests

2012
8,342

¥

8,342

¥

8,239
103

¥

7,327
51

$

100,4761,256

Kansai International Airport Company, Ltd.
Consolidated Statements of Changes in Equity
Years Ended March 31, 2012 and 2011
Thousands

Millions of Yen

Number of Sharesof Common Stock
IssuedCommonStock

Deficits

Total

16,276

813,820(214,857)

598,963Issuance of common stock
Net income
Net change in the year23

1,170

7,327

1,170
7,327

BALANCE, MARCH 31, 201116,299(207,530)

607,460

8,239

8,239

BALANCE, APRIL 1, 2010

814,990

Net income
Net change in the year
BALANCE, MARCH 31, 201216,299¥814,990¥ (199,291)¥615,699¥

Minority
interest

Total
Equity329

599,292

51

1,170
7,327
51

380

607,840

13

8,239
13393

¥

616,092

Kansai International Airport Company, Ltd.
Consolidated Statements of Changes in Equity
Years Ended March 31, 2012 and 2011
Thousands of U.S. dollars

BALANCE, MARCH 31, 2011

CommonStock

Deficits＄ 9,938,902＄ (2,530,853)＄ 7,408,049

100,476

100,476＄ (2,430,377)＄ 7,508,525

Net income
Net change in the year
BALANCE, MARCH 31, 2012

＄ 9,938,902

Total

＄

＄

Minority
interest

Total
Equity4,634＄ 7,412,683

159

100,476
159

4,793＄ 7,513,318