This English translation of “Notes on Financial Statements” 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「財務諸表に対する注記」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。

Notes on Financial Statements

1. Important accounting policies(1) Standards and methods of valuation of securities
The mark-to-market method based on the fair market value is applied to valuation of securities as ofthe last day of the fiscal year.
(2) Standards and methods of valuation of inventories
First In First Out, cost method is applied.
Only inventories acquired during and after FY2006 are booked.
(3) Methods of depreciation of fixed assets
The straight-line method is applied to depreciation of tangible fixed asset.
(4) Standards of booking of reservesReserve for bonuses
The anticipated amount of bonuses payable attributable to the current fiscal year is booked.

Reserve for retirement benefits
The amount equivalent to benefits payable as of the end of the fiscal year is booked.

(5) Methods of processing lease transactions
Accounting process similar to the method used for normal lease transactions is used for finance leasetransactions excluding those in which the ownership of the leased item is deemed to transfer to thelessee.
(6) Accounting for consumption tax and other taxes
Consumption tax and other taxes are booked by the tax included method.

12. Statement of changes in basic fund and specified assets
Statement of changes in specified assets is as shown below.

Item
Specified assets
International conference expense fundResearch and investigation operation fundExamination and education operation fundReserve for retirement benefits fundTotal(Unit: Yen)
Closingbalance at theend of thecurrent year

Closingbalance at theend of theprevious year

Increaseduring thecurrent year

Decreaseduring thecurrent year

81,086,143

0081,086,143

70,000,000
70,000,000
6,366,300
227,452,44300852,300
852,300

00
0
0

70,000,000
70,000,000
7,218,000
228,304,743

3. Breakdown of sources of basic fund and specified assets
Breakdown of sources of specified assets is as shown below.
(Unit: Yen)
Closingbalance at theend of thecurrent year

Item
Specified assets
International conference expense fundResearch and investigation operation fundExamination and education operation fundReserve for retirement benefits fundTotal

(Of the balance,amount applied fromgeneral net assets)(Of the balance,amount corresponding
to liabilities)

81,086,143(81,086,143)(0)70,000,000(70,000,000)(0)70,000,000(70,000,000)(0)7,218,600
228,304,743((0)
221,086,143)((7,218,600)
7,218,600)

4. Acquisition price, accumulated depreciation and closing balance of fixed assets
The acquisition price, accumulated depreciation and closing balance of fixed assets are as shown below.

Item

Acquisition price

Building and accessories
Fixtures and equipment
Total

11,477,092
1,631,200
13,108,292

Accumulated
depreciation(Unit: Yen)
Closing balance at theend of the current year

8,801,874
1,289,174
10,091,048

2,675,218
342,026
3,017,244

5. Breakdown of sources of subsidy etc., donor and Statement of changes of subsidy etc.
The breakdown of sources of subsidy etc., donor and Statement of changes of subsidy etc. are as shown
below.
(Unit: Yen)
Name of
Subsidy etc.
Subsidy
induceconvention

DonorTokyo
Convention &Visitors Bureau
Total

Closingbalance atthe end of theprevious year

Increaseduring thecurrent year

Decreaseduring thecurrent year

Closingbalance atthe end of thecurrent year

0844,182

844,18200844,182

844,1820

Itemin Balance
Sheetto2－