This English translation of “Net Assets Variation Statement” of the Institute of Actuaries ofJapan is an unofficial translation. Only its original Japanese texts have effect, and thetranslation is to be used solely as reference material to aid in the understanding of theoriginal one.
この「正味財産増減計算書」の翻訳は公定訳ではありません。効力を有するのは日本語の資料であり、翻訳はあくまでその理解を助けるための参考資料です。

Net Assets Variation Statement
From April 1, 2016 to March 31, 2017
(Unit: Yen)
Items

Current Year

I. Changes in general net assets
1. Changes in ordinary revenue/expenses(1) Ordinary revenue① Specified asset investment profitInterest received on international conference expense fundInterest received on research and investigation operation fundInterest received on examination and education operation fundInterest received on reserve for retirement benefits fund
② Membership dues received
Individual membership dues received
Corporate membership dues received③ Operating revenue
Examination fee received
Course fee received
Printing expense contribution received④ Subsidy etc. received
Subsidy received⑤ Miscellaneous revenue
Interest received
Miscellaneous revenue

Previous Year

Changes

1,302
31,46812,13090

16,32347,84819,8101,290-15,021-16,380-7,680-1,20089,117,500
40,900,000

86,211,750
40,300,000

2,905,750
600,000

54,970,000
19,293,600
7,793,400

53,794,000
16,199,200
9,491,500

1,176,000
3,094,400-1,698,100

2,155,818

844,182

1,311,636

5,871
363,000

37,692
263,000-31,821100,000

Total ordinary revenue

214,644,179

207,226,595

7,417,584(2) Ordinary expenses
Operating expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses

0
12,692,451
892,131606,353
1,926,954
0
29,099,464
1,759,275
20,125,932
973,181
205,480
355,020
5,087,691
10,524,653
40,562,056
21,628,943
4,264,210
1,288,845
18,733,497
427,191

0
11,566,639
923,266
575,3032,019,533
7,266,625
23,947,356
1,982,591
20,176,358
499,740
251,057
625,1074,322,241
10,799,964
40,568,295
22,794,529
5,823,612
1,109,295
20,961,696
270,084

0
1,125,812-31,135
31,050-92,579-7,266,625
5,152,108-223,316-50,426
473,441-45,577-270,087
765,450-275,311-6,239-1,165,586-1,559,402
179,550-2,228,199
157,107

Total operating expenses

171,153,327

176,483,291-5,329,964

1

ItemsCurrent Year

Previous Year

Changes

Administrative expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses

111,110
6,111,181
429,544
291,947
927,7939,929,939
178,217793,123
12,332,353
468,569
2,467,156
97,7602,449,629
612,9360928,597
135,500
620,5552,648,404
66,741

244,4425,569,122
444,535
276,997
972,368
2,994,554
160,001
876,062
12,363,367
240,616
3,566,277
97,7602,081,079
514,530
089,096
135,500
534,105
3,794,848
88,886-133,332
542,059-14,991
14,950-44,575
6,935,385
18,216-82,939-31,014227,953-1,099,121
0
368,550
98,406
0839,501086,450-1,146,444-22,145

Total administrative expenses

41,601,054

35,044,145

6,556,909

Total ordinary expenses

212,754,381

211,527,436

1,226,945

1,889,798-4,300,841

6,190,639-41,138-11,844-29,294-41,138-11,844-29,294

1,848,660-4,312,685

6,161,345

Total extraordinary revenue000(2) Extraordinary expenses
Loss on retirement of inventories
Miscellaneous loss

00

189,634
176,562-189,634-176,562

Total extraordinary expenses

0366,196-366,196

Current changes in extraordinary revenue/expenses

0-366,196

366,196

Current changes in general net assets

1,848,660-4,678,881

6,527,541

Opening balance of general net assets

303,810,639

308,489,520-4,678,881Closing balance of general net assets

305,659,299

303,810,639

1,848,660－－－－－－－－－

305,659,299

303,810,639

1,848,660

Current changes in ordinary revenue/expenses before adjustment
by appraisal gain or loss
Specified assets appraisal gain or loss
Total appraisal gain or loss
Current changes in ordinary revenue/expenses
2. Changes in extraordinary revenue/expenses(1) Extraordinary revenue

Ⅱ. Changes in designated net assets
Current changes in designated net assets
Opening balance of designated net assets
Closing balance of designated net assets
Ⅲ.Closing balance of net assets

2

Breakdown of Net Assets Variation Statement
From April 1, 2016 to March 31, 2017
(Unit: Yen)
Items

Accounting for
public-interest
purposeElimination ofintra-company
transactions

Corporateaccounting

Total

I. Changes in general net assets
1. Changes in ordinary revenue/expenses(1) Ordinary revenue① Specified asset investment profit

Interest received on international conference
expense fundInterest received on research and investigation
operation fundInterest received on examination and education
operation fundInterest received on reserve for retirement benefits
fund② Membership dues received
Individual membership dues received
Corporate membership dues received

1,302

0

0

1,302

31,4680031,46812,1300

012,130

61

29

0

90

44,558,750
20,450,000

44,558,750
20,450,000

0089,117,500
40,900,000

54,970,000
19,293,600
7,793,400

0
0
0

0
0
0

54,970,000
19,293,600
7,793,400

2,155,818

002,155,818

3,963
363,000

1,908
0

0
0

5,871
363,000

149,633,492

65,010,687

0214,644,179

0
12,692,451
892,131606,353
1,926,954
0
29,099,464
1,759,275
20,125,932
973,181
205,480355,020
5,087,691
10,524,653
40,562,056
21,628,943
4,264,210
1,288,845
18,733,497
427,191

0000000
00
0
0
00
0000
0000000
000
00
0000
0
0
0
0
0
0
0

0
12,692,451
892,131606,353
1,926,954
0
29,099,464
1,759,275
20,125,932
973,181
205,480
355,020
5,087,691
10,524,653
40,562,056
21,628,943
4,264,210
1,288,845
18,733,497
427,191

171,153,327

00

171,153,327③ Operating revenue

Examination fee received
Course fee received
Printing expense contribution received④ Subsidy etc. received

Subsidy received⑤ Miscellaneous revenue

Interest received
Miscellaneous revenue
Total ordinary revenue(2) Ordinary expenses
Operating expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expensesMembership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses
Total operating expenses

3Items

Accounting for
public-interest
purposeElimination of
intra-company
transactions

Corporateaccounting

Total

Administrative expenses
Executive remuneration
Wages and allowances
Provision for reserve for bonuses
Retirement benefit expenses
Statutory welfare expenses
Conference expenses
Travel and transportation expenses
Communication and freight expenses
Rent
Depreciation expenses
Supplies expenses
Newspaper and book expenses
Repair expenses
Printing and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses

0000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

111,110
6,111,181
429,544
291,947
927,7939,929,939
178,217793,123
12,332,353
468,569
2,467,156
97,7602,449,629
612,9360928,597
135,500
620,5552,648,404
66,741

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

111,110
6,111,181
429,544
291,947
927,7939,929,939
178,217793,123
12,332,353
468,5692,467,156
97,7602,449,629
612,9360928,597
135,500
620,5552,648,404
66,741

Total administrative expenses

041,601,054

041,601,054

Total ordinary expenses

171,153,327

41,601,054

0

212,754,381

Current changes in ordinary revenue/expenses before adjustment
by appraisal gain or loss

-21,519,835

23,409,633

0

1,889,798-41,13800-41,138-41,13800-41,138-21,560,973

23,409,633

0

1,848,660

000000000000000000

00-21,560,973

23,409,6330

1,848,660
303,810,639
305,659,299

Specified assets appraisal gain or loss
Total appraisal gain or loss
Current changes in ordinary revenue/expenses
2. Changes in extraordinary revenue/expenses(1) Extraordinary revenue
Total extraordinary revenue(2)Extraordinary expenses
Loss on retirement of inventories
Miscellaneous loss
Total extraordinary expenses
Current changes in extraordinary revenue/expenses
Current changes in general net assets
Opening balance of general net assets
Closing balance of general net assets
II. Changes in designated net assets
Current changes in designated net assets
Opening balance of designated net assets
Closing balance of designated net assets－－－
305,659,299

III. Closing balance of net assets

4