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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 SAN-IN GODO BANK, LTD. AND CONSOLIDATED SUBSIDIARIES(*4) Loans which are restructured to provide relief to borrowers by reducing interest rates, rescheduling interest and principalpayments, or waiving the claims on borrowers. Such loans exclude loans to borrowers under bankruptcy proceedings,non-accrual past due loans and loans past due for three months or more.Discounted bills are accounted for as financing transactions in accordance with“Accounting and Auditing Treatment ofFinancial Instruments for the Banking Industry”(JICPA Industry Audit Committee Report No. 24). As of March 31, 2014 and2015, the face value of discounted bills which can be sold or repledged by the Bank amounted to \13,478 million and \13,030million ($108,429 thousand), respectively. These discounted bills include banker’s acceptances, commercial bills,documentary bills and bills purchased in connection with foreign exchange transactions.5. Assets PledgedThe amount of assets pledged as collateral as of March 31, 2014 and 2015 are as follows:Thousands ofU.S. DollarsMillions of Yen201420152015Assets pledged as collateral:Securities\434,395\622,638$5,181,309Lease receivables and investments in lease assets9,3648,29569,027Other assets2,3912,18018,140Liabilities secured by the above assets:Deposits107,31982,714688,308Cash collateral received under securities lending140,321157,2201,308,313Borrowed money182,273334,3202,782,058Other liabilities?9547,938Other than the items presented above, securities of \45,547 million and \44,933 million ($373,911 thousand), and otherassets of \17 million and \45 million ($374 thousand) as of March 31, 2014 and 2015, respectively, were held as collateral fortransactions such as settlement transactions or in lieu of margins of futures transactions.Other assets included guarantee deposits of \485 million and \457 million ($3,802 thousand) as of March 31, 2014 and2015, respectively.6. Customers’Liabilities for Acceptances and GuaranteesAll contingent liabilities arising from acceptances and guarantees are recorded in“Acceptances and guarantees.”A contraaccount,“Customers’liabilities for acceptances and guarantees,”is shown on the asset side representing the Bank’s right toindemnify from its customers.7. Overdraft Agreements and Loan CommitmentsOverdraft agreements and loan commitments are agreements under which the Group is obliged to extend loans up to aprearranged limit, provided there is no violation of condition in the contracts. The loan commitments not yet drawn down as ofMarch 31, 2014 and 2015 totaled \608,033 million and \690,317 million ($5,744,503 thousand), respectively, of which\593,560 million and \668,264 million ($5,560,988 thousand), respectively, were related to agreements whose contractualterms were for one year or less or which were unconditionally cancelable at any time.As the majority of these agreements expire without being drawn down, the unused commitment balance does notnecessarily affect the future cash flows of the Bank or of its consolidated subsidiaries. These agreements usually includeprovisions which stipulate that the Group has the right either to refuse the execution of the loans or to reduce the contractualcommitments when there is a change in the financial condition, when additional assurance of the financial soundness andcreditworthiness of a borrower is necessary, or when other unexpected events occur. The Group takes various measures toprotect their credit. Such measures include obtaining real estate or securities as collateral at the time of the agreements,monitoring a customer’s business on a regular basis in accordance with established internal procedures, and amending theloan commitment agreements when necessary.8. Land Revaluation ExcessOn March 31, 1998, the Bank revalued its land used for business purposes based on the Law Concerning Land Revaluation(Law No. 34, promulgated on March 31, 1998). As a result of this revaluation, the revaluation difference, net of the applicabletax effect, has been recorded as land revaluation excess in net assets. The tax effect has been recorded as“Deferred taxliability for land revaluation excess”in liabilities.The difference between the market value of land used for business purposes revalued as stipulated under Article 10 of theLaw Concerning Land Revaluation and the book value of such land after revaluation as of March 31, 2014 and 2015 resultedin unrealized loss of \9,412 million and \9,500 million ($79,054 thousand), respectively.The revaluation method as stated in Article 3-3 of the Law Concerning Land Revaluation:The value of land is evaluated using the method as stipulated in Article 2-4 of the Ordinance Implementing the LawConcerning Land Revaluation (Government Ordinance No. 119, promulgated on March 31, 1998), to make reasonableadjustments on the prices calculated through such a way as the Commissioner of the National Tax Administration establishedand officially announced so as to compute the official notice prices as provided in Article 16 of the Law Concerning PublicNotification of Land Prices, in combination with the prices estimated by real estate appraisers as stipulated in Article 2-5 of theabovementioned ordinance.20