U.S. - JAPAN COUNCIL (JAPAN)
Formal Financial Reports
For The Year Ended December 31, 2014

Table of Content
1) Balance Sheet
2) Net Asset Gain and Loss Calculation Sheet
3) Annotation to Financial Reports
4) Supporting Details to Financial Statements5) List of Properties

U.S. - Japan Council (Japan)
Balance Sheet
As of 12/31/2014(UNIT:JPY)
Account Items
ⅠAsset1 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
Other ReceivableHardware
Income Tax Receivable
Cash and cash equivalent-GENERAL Specific Funds
Cash 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
Account Paybale-Vendors
Accrued Expense-Year End
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

VAR

As of December 31, 2014

As of December 31, 2013

69,743,595
69,743,595

25,034,645
25,034,645

44,708,950
44,708,950

3,000,000
3,000,000

3,000,000
3,000,000

0000144,398
213,342
1,976,444
640,684,719
643,018,903

394,029
14,28089,03900653,567,652
654,065,000(394,029)(14,280)
55,359213,342
1,976,444△ 12,882,933△ 11,046,097

0646,018,903

0
657,065,000

0△ 11,046,097

715,762,498

682,099,645

33,662,853

542,477
911,922
68,289,196
69,743,595

397,525
0
24,637,120
25,034,645

144,952
911,92243,652,076
44,708,950

069,743,595

0
25,034,645

044,708,950

646,018,903
646,018,903
3,000,000
643,018,903
000
646,018,903
715,762,498

657,065,000
657,065,000
3,000,000
654,065,000000657,065,000
682,099,645△ 11,046,097△ 11,046,097
0△ 11,046,097
000△ 11,046,097
33,662,853

U.S. - Japan Council (Japan)
Statement of Net Activities
For The Year Ended December 31, 2014
(UNIT:JPY)
TOMODACHI

General Education

Corporate SharedTotal

Change in Net Assets

Ⅰ1(1)
①

Recurring Income
Donation Income
Amount Transferred from Net Assets(2)①

Recurring Expenses
Departmental Expenses
Salaries Expense
Legal Social Welfare
Employee`s Benefit
Commuting Expense
Program Implementation Expenses
Contracted Service (USJC-US)
Meals/Entertainment Expense
Supplies/Merchandise Expense
Printing Expense
Travel Expense
Meeting/Event Expense
Postage/Communication
Homepage Expense②

Administrative expenses
Facility Expense
Supplies Expense
Business Taxes and Dues
Lease Expense
Depreciation
Dues/Subs&Entree fee
Insurance Expenses
ProfessionalPostage/Communication
Bank Charges

537,765,919
537,765,919
537,765,919

2,300,006
2,300,006
2,300,006

4,107,719
4,107,719
4,107,719

544,173,644
544,173,644
544,173,644

537,765,919
26,045,878
3,536,932
85,240568,264
410,145,106
93,664,746
184,907279,606
16,874985,307389,490
42,022
1,821,547

2,300,006
2,024,001
210,6080
19,3250000044,352
0
1,720
000
0
0
0
0
00
0
0
0
00
0

540,065,925
28,069,879
3,747,540
85,240587,589
410,145,106
93,664,746
184,907279,606
16,874
1,029,659
389,490
43,742
1,821,547

000000000000000000000
04,107,719
837,917
348,5273,400
304,01259,85072,216
879,419
1,304,229
130,094
168,055

4,107,719
837,917
348,5273,400
304,01259,85072,216
879,419
1,304,229
130,094
168,055

537,765,919
02,300,006
0

4,107,719
0544,173,64402(1)Non Recurring Gain

00000

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

000000000

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

485,950,902
80,71942,819,476△ 541,873,638△ 13,022,541
657,065,000
0644,042,459

4,276,45000△ 2,300,006
1,976,444
001,976,444

00000000490,227,35280,719
42,819,476△ 544,173,644△ 11,046,097
657,065,000
0646,018,903

Ending Net Assets

644,042,459

1,976,444

0646,018,903

(2)

ⅡⅢ

U.S.-Japan Council (Japan)
Notes to Financial Statements
For the year ended December 31, 2014
1.) Accounting Policy on Revenue Recognition and Classification
For the calculation of the net assets, portion of contribution designated to a specific purposed assets (donor-imposedrestriction) will be recorded as Specific Fund in the specific fund section (as cash received in the operational year) only tothe extent of the related program expenses incurred (actual cash payments), the program purpose fulfilled or therestriction is no longer valid, the income will be reclassified to the general net asset section. The balances of thecontribution remain as specific assets and carry over until such purpose or payments associated to the programs havebeen fulfilled or paid.
2.) Accounting Policy on Consumption Tax, etc.
The accounting of Consumption Tax, etc. is based on pre-tax accounting method.
3.)

Increase/Decrease and Balance of General Funds and Specified Funds
Increase/decrease and balance of general funds and specified funds are as follows:
Description
Basic Assets
Fixed Deposit
SubtotalSpecific Funds
Prepaid Insurance
Other Receivable
Advanced Payments
HardwareGeneral Education FundTOMODACHI Fund
Subtotal
Total

Beginning Balance

Current Period
Increase

Current Period
Decrease(Unit: Yen)
Period End
Balance3,000,000
3,000,000--

3,000,000
3,000,000

394,029
14,28089,039653,567,652
654,065,000
657,065,000

213,342
115,209
1,976,444
531,290,711
533,595,706
533,595,706

394,029
14,28059,850544,173,644
544,641,803
544,641,803

213,342
144,398
1,976,444
640,684,719
643,018,903
646,018,903

4.) Breakdown of Basic Assets and Specified Funds Sources
The breakdown of basic asset and specified fund sources is as follows:(Unit: Yen)
(Allocation(Allocation from
(Corresponds toDescription
Period End Balancefrom GeneralSpecified Funds)
Debt/Liabilities)
Net Assets)
Basic Assets
Current Account3,000,000
3,000,000
Subtotal
3,000,000
3,000,000
Specific Funds
Prepaid Insurance
Other Receivable
213,342
213,342
Advanced Payments
Hardware144,398
144,398
General Education Fund
1,976,444
1,976,444
TOMODACHI Fund640,684,719
640,684,719
Subtotal
643,018,903
643,018,903
Total

646,018,903

5.) Securities Investments
Not Applicable
6.) Total Property and Equipment, net of amortization
As follows:(Unit: Yen)
Total
Item
Property and Equipment
Amortization
Property and Equipment, net

238,498
94,100144,398

646,018,903--

7.) Contingency on Guarantee on liabilities and assets
Not applicable.
8.) Breakdown of Transfer from Specified Funds to General
Funds
Breakdown of Transfer from Specified Funds to General Funds is as follows:(Unit: Yen)
Description
Amount Converted due toAchieving Program Goal
Total

Amount544,173,644
544,173,644

9.) Related Entities to U.S.-Japan Council (Japan) and Details of the Relationship
Not applicable.
10.) Important Subsequent Events
Not applicable.

U.S. - Japan Council (Japan)
List of Properties
As of 31st December, 2014
(Unit: JPY)
Balance Sheet Account Item
(Current Assets)
Bank AccountLocation, quantity, etc

Intended use, etc

AmountOrdinary Account - Bank Of Mitsubishi UFG(BTMU) *Use as working capital (to be transferred from
MUFG- Specific Fund (TOMODACHI)

69,743,595

Total Current Assets(Fixed Assets) **Basic Funds
Fixed Deposit

69,743,595
Equity Funds for Koeki Hojin
Government Agency

Specific Funds

3,000,000

Payroll Taxes Receivable

213,342

Fixed Net Assets

144,398

Used for TOMODACHI交流基金 -funds be
Specific Fund - Bank Of Mitsubishi UFG (BTMU)
appropriatead to TOMODACHI Initiatives
Used for General Education Program - 90% ofGeneral Education Fund - Bank Of Mitsubishi
funds be appropriatead to TOMODACHIUFG (BTMU)
Initiatives
Total Specific Funds

640,684,719

1,976,444
643,018,903

Total Fixed Assets

646,018,903

Total Assets

715,762,498

Total Current Liabilities

69,743,595

Specific Funds

Accured Expenses
Accured Expenses - Payroll Taxes
Due to USJC(US) ***Used for TOMODACHI交流基金

542,477
911,922
68,289,196

Total Fixed Liabilities-Total Liabilities

69,743,595

Net Assets
Control check to Balance Sheet

646,018,903
0