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, 2015 to March 31, 2016

(Unit: Yen)

Items

Current Year

Previous Year

ChangesI. 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 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
Total ordinary revenue(2)

16,32347,84819,8101,290

16,496
61,64827,7901,110-173-13,800-7,980180

86,211,750
40,300,000

83,768,000
40,855,000

2,443,750-555,000

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

50,464,000
15,311,600
9,404,300

3,330,000
887,600
87,200844,1820844,182

37,692
263,000

41,743367,000-4,051-104,000

207,226,595

200,318,687

6,907,908

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
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

011,441,033
906,545
611,820
1,881,099
7,083,384
17,886,906
1,932,632
20,214,627
499,740
2,882,323
435,326
6,229,774
9,188,951
38,355,472
22,965,180
3,691,770
1,016,483
17,410,414
221,8120
125,606
16,721-36,517
138,434
183,241
6,060,450
49,959-38,269
0-2,631,266
189,781-1,907,533
1,611,013
2,212,823-170,651
2,131,842
92,812
3,551,282
48,272

Total operating expenses

176,483,291

164,855,291

11,628,000

Ordinary expenses

1

(Unit: Yen)

Items
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

Current Year

Previous Year

Changes244,4425,569,122
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

177,776
5,508,646
436,484
294,580
905,7142,251,359
140,649
857,674
12,386,538
240,616
3,633,397
97,4602,999,521
580,419
0
89,096
135,500
489,417
3,786,004
66,592

66,66660,476
8,051-17,583
66,654
743,195
19,352
18,388-23,1710-67,120300-918,442-65,88900044,6888,844
22,29435,044,145

35,077,442-33,297

211,527,436

199,932,733

11,594,703-4,300,841

385,954-4,686,795-11,844-13,641

1,797-11,844-13,641

1,797-4,312,685

372,313-4,684,998

0

0

0

189,634

42,912

146,722

Miscellaneous loss

176,5620

176,562

Total extraordinary expenses

366,196

42,912

323,284

Current changes in extraordinary revenue/expenses-366,196-42,912-323,284

Current changes in general net assets-4,678,881

329,401-5,008,282

Opening balance of general net assets

308,489,520

308,160,119

329,401

Closing balance of general net assets

303,810,639

308,489,520-4,678,881－－－－－－－－－

303,810,639

308,489,520-4,678,881

Total administrative expenses
Total ordinary expenses
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
Total extraordinary revenue(2) Extraordinary expenses
Loss on retirement of inventories

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

2

Breakdown of Net Assets Variation Statement
From April 1, 2015 to March 31, 2016

(Unit: Yen)

Accounting
for publicinterest
purposeoperation

Corporateaccounting

Eliminationof intracompany
transactions

16,32300

16,32347,8480047,84819,81000

19,810871

419

01,290② Membership dues received
Individual membership dues received
Corporate membership dues received

43,105,875
20,150,000

43,105,875
20,150,000

00

86,211,750
40,300,000③ Operating revenue
Examination fee received
Course fee received
Printing expense contribution received53,794,000
16,199,200
9,491,500

000000

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

844,18200

844,182

25,442
263,000

12,250000

37,692
263,000

143,958,051

63,268,544

0207,226,595

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
270,0840000000000000000000000000000000000000000

011,566,639
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

176,483,291

00

176,483,291

Items

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
fund④ 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 expensesRental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses
Total operating expenses

3(Unit: Yen)

Accounting for
public-interest
purposeoperation

Corporateaccounting

Eliminationof internal
companytransactions

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 expensesPrinting and binding expenses
Rental expenses
Gratuity expenses
Membership fees
Taxes and other public charges
Service charges paid
Miscellaneous expenses

0000000000000000000
0244,4425,569,122
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
88,886000000
00000000000000

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

Total administrative expenses

035,044,145

0

35,044,145

Total ordinary expenses

176,483,291

35,044,145

0

211,527,436

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

-32,525,240

28,224,399

0-4,300,841-11,84400-11,844-11,84400-11,844-32,537,084

28,224,399

0-4,312,685

0000

Loss on retirement of inventories
Miscellaneous loss
Total extraordinary expenses

189,63400
176,56200

189,634
176,562

189,634

176,562

0366,196

Current changes in extraordinary revenue/expenses-189,634-176,562

0-366,196-32,726,718

28,047,837

0-4,678,881

Items

Specified assets appraisal gain or loss
Total appraisal gain or loss
Current changes in ordinary revenue/expenses

Total

2. Changes in extraordinary revenue/expenses(1) Extraordinary revenue
Total extraordinary revenue(2) Extraordinary expenses

Current changes in general net assets
Opening balance of general net assets

308,489,520

Closing balance of general net assets

303,810,639

II. Changes in designated net assets
Current changes in designated net assets
Opening balance of designated net assets
Closing balance of designated net assets－－－
303,810,639

III. Closing balance of net assets

4