Balance Sheet (Table Ⅲ - 9)(Note: Totals may not match due to rounding of figures.)
Breakdown

FY 2020 (A)FY 2021 (B)Change (B) - (A)Hundred million yen

Hundred million yen

Hundred million yen

I Current assets

28,48320,507▲ 7,976

Cash deposit

12,9707,662▲ 5,307

Securities

13,4809,942▲ 3,537

Receivables for road asset lending, etc

1,737

2,520＋ 782

Receivables related to road asset lending, occupancy fee revenue, etc.

295

382＋ 86

Accounts receivable, short-term debts, stock, prepaid expenses, etc.

414,822415,242＋ 419

Tangible fixed assets

408,733

411,302＋ 2,569

Intangible fixed assets

2,805

2,802

▲2

Investments and other assets

3,283

1,136

▲ 2,146(Investment securities)

(750)

(880)

(＋ 129)(Long-term deposits)(2,500)(200)(▲ 2,300)(Long-term loans)

(32)

(56)

(＋ 23)

Total assets

443,306

435,749▲ 7,556

40,102

39,464▲ 638

Institutional bonds to beredeemed within one (1) year

30,43133,186＋ 2,755

Bonds to be redeemed within one (1) year

Long-term debts to be repaid
within one (1) year

5,167

3,837

▲ 1,329

Debts to be repaid within one (1) year

Others

4,504

2,439

▲ 2,064

Accrued liabilities, accrued expenses, deposits, etc.

II Fixed liabilities

258,867

248,510▲ 10,357

Institutional bonds

200,171

183,380▲ 16,790

Bonds with maturities exceeding one (1) year

Long-term debt

50,961

58,117＋ 7,155

Debts with a repayment term exceeding one (1) year

Long-term accrued liabilities

4,191

3,495

▲ 696

Remaining balance of installment principal for the purchase of the Trans-Tokyo Bay Expresswa

Others

3,543

3,516

▲ 26

Long-term subsidies, long-term accrued expenses, contra accounts for construction of railway facilities, long-term donations, etc.

III Legal reserves

5,310

5,105

▲ 204

5,247

5,045

▲ 202

Reserves for adjusting the agency’s profit and loss calculations for the term in implementing
the Expressway Convenience Improvement Project6260▲1Reserves for equalizing the portion of railway facility usage fees (Honshi-Bisan Line) collectedfrom railway operators

304,280

293,080▲ 11,199

290,541282,216▲ 8,325

I Capital56,505

56,514＋8II Capital surplus

8,403

8,399

▲4III Retained earnings

74,11677,755＋ 3,638

Total net assets

139,025

142,669＋ 3,643

Total liabilities and net assets

443,306

435,749▲ 7,556

Account Details

AssetsOtherII Fixed assets

Certificate of deposit management utilizing fiscal loan fundTemporary accounts for buildings, structures, land, and construction of road assets, railway
Land lease rights, software, etc.

Time deposits
Interest-free loans funded through capital investment by national and local governments

Liabilities
I Current liabilities

Provisions for the Expressway
Convenience Improvement
ProjectRailway facility management reserves

Total liabilities
End of term book value of interestbearing liabilities

Net assets
Capital investment from national and local governments

AssetsAssets totaled ¥43.5749 trillion. Accounting for the majority at ¥41.1302 trillion, or 94% of this total, were "Tangible fixed assets" from road assets
and railway facilities. Assets decreased by ¥755.6 billion compared to the end of the previous fiscal year. The main factors behind this were (1) a ¥884.4 billion decrease in “Cash deposits and marketable securities” due to decreased borrowing of fiscal loan funds, (2) a ¥78.2 billion increase in“Receivables for road asset lending, etc.”, (3) a ¥256.9 billion increase in “Tangible fixed assets” (breakdown: i. a ¥1.0407 trillion decrease due todepreciation and ii. a ¥1.3351 trillion increase due to attribution of assets from expressway companies, etc.), and (4) a ¥230 billion decrease of“Long-term deposits”
Liabilities
Liabilities decreased by ¥1.1199 trillion compared to the end of the previous fiscal year. The main factors behind this were (1) a ¥3.5601 trillion
decrease due to the redemption or repayment of “Institutional bonds” and “Long-term debts”, (2) a ¥20.2 billion decrease due to the provision andreversal of funds for the “Expressway Convenience Improvement Project”, (3) a ¥1.1200 trillion increase due to procurement of new“Institutional bonds” and “long-term debt”, and (4) a ¥1.6155 trillion increase due to the assumption of debts from expressway companies.
Total net assets
Total net assets reached ¥14.2669 trillion, which increased by ¥364.3 billion from the end of the previous fiscal year, and the main factors behind
this were (1) a ¥800 million increase due to acceptance of “Capital” investments by the national and local governments, (2) a ¥700 million decrease
in “Capital surplus” due to asset depreciation and retirement specified in Article 87 (1) of the Accounting Standards for Independent
Administrative Agencies, and (3) a ¥363.8 billion increase due to accumulated gross profit in “Retained earnings”. Retained earnings, which is theaccumulated gross profit for each fiscal year, and accumulated depreciation serve as the sources for repaying debts. As such, retained earnings
increase according to the amount of debt repaid.