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概要

Annual Reportは、ごうぎんの決算や活動内容にて海外の皆様に知っていただくために作成しています

Notes to the Consolidated Financial StatementsTHE Notes SAN-IN GODO to BANK, the LTD. Consolidated AND CONSOLIDATED SUBSIDIARIES Financial StatementsTHE SAN-IN GODO BANK, LTD. AND CONSOLIDATED SUBSIDIARIES1. Basis of PreparationThe accompanying consolidated financial statements of The San-in Godo Bank, Ltd. (the“Bank”) and consolidatedsubsidiaries (together, the“Group”) are prepared on the basis of accounting principles generally accepted in Japan, theCompanies Act of Japan and the Banking Act of Japan, which are different in certain respects as to the application anddisclosure requirements of International Financial Reporting Standards, and are compiled from the consolidated financialstatements prepared by the Bank as required by the Financial Instruments and Exchange Act of Japan.In preparing the accompanying consolidated financial statements, certain reclassifications have been made in theconsolidated financial statements issued for domestic purposes in order to present them in a form which is more familiar toreaders outside Japan. In addition, the notes to the consolidated financial statements include information which is notrequired under accounting principles generally accepted in Japan but is presented herein as additional information.As permitted by the Financial Instruments and Exchange Act, amounts less than one million yen have been omitted.Consequently, the totals shown in the accompanying consolidated financial statements (both in yen and U.S. dollars) do notnecessarily agree with the sum of the individual amounts.The U.S. dollar amounts presented in the accompanying consolidated financial statements are included solely forconvenience and should not be construed as representations that yen amounts have been, or could in the future be,converted into U.S. dollars. The rate of \120.17 to U.S. $1, prevailing at the end of March 2015, has been used to translatethe yen amounts in the accompanying financial statements into U.S. dollar amounts.2. Summary of Significant Accounting Policies(a) Principles of Consolidation(i) Consolidated subsidiariesThe consolidated financial statements include the accounts of the Group, after elimination of all significant inter-companytransactions, balances, and unrealized profits. The number of consolidated subsidiaries as of March 31, 2014 and 2015 was12 and 13, respectively.(ii) Unconsolidated subsidiariesThe number of unconsolidated subsidiaries due to less materiality as of March 31, 2014 and 2015 was 9 and 11, respectively.These unconsolidated subsidiaries are not accounted for by the equity method, but stated at cost determined by the movingaverage method.(iii) Balance sheet date of subsidiariesThe fiscal year-end of all the consolidated subsidiaries is March 31.(b) Trading SecuritiesTrading securities are carried at fair value with unrealized gains or losses recognized in earnings. Cost of trading securitiessold is determined by the moving average method.(c) SecuritiesSecurities other than trading securities are classified and accounted for as follows:(i) Debt securities which the Bank has the positive intent and ability to hold to maturity are carried at amortized cost computedby the straight-line method. The cost of securities sold is determined by the moving average method.(ii) Other securities are generally carried at fair value based on market prices at the balance sheet date with unrealized gainsor losses, net of applicable income taxes, included directly in net assets. However, certain other securities, of which fair valueis extremely difficult to determine, are carried at cost. Cost of securities sold is determined by the moving average method.(iii) Securities included in money held in trust for the purpose of securities trading are carried at fair value with unrealizedgains or losses recognized in earnings.(iv) Securities included in money held in trust for the purpose other than securities trading and investment in held to maturitysecurities are carried at fair value with unrealized gains or losses, net of applicable income taxes, included directly in net assets.(d) DerivativesDerivative financial instruments are stated at fair value.(e) Depreciation of Tangible Fixed AssetsBuildings are depreciated using the straight-line method, while the declining-balance method is used for equipment. Theestimated useful lives of major tangible fixed assets are as follows:Buildings................... 15 to 50 yearsEquipment................. 5 to 15 yearsDepreciation of tangible fixed assets of the consolidated subsidiaries is computed primarily by the straight-line methodover the estimated useful lives of respective assets.(f) Depreciation of Intangible Fixed AssetsIntangible fixed assets are depreciated by the straight-line method. Acquisition costs of software intended for internal use arecapitalized and depreciated on the straight-line basis over the estimated useful lives (mainly 5 years).17