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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

THE SAN-IN GODO BANK, LTD. AND CONSOLIDATED SUBSIDIARIESNotes to the Consolidated Financial Statements(g) Depreciation of Leased AssetsLeased assets included in tangible or intangible fixed assets under the finance lease arrangements which do not transferownership of the leased assets to the lessee are depreciated by the straight-line method over the respective lease periodswithout residual values or with predetermined residual values in the lease contracts.(h) Reserves(i) Reserve for possible loan lossesThe Bank makes reserve for possible loan losses based on “Guidelines for Auditing Self-Assessment of Assets, Write-Offsand Loan Loss Provisions of Banks and Other Financial Institutions” issued by the Japanese Institute of Certified PublicAccountants (“JICPA”) (JICPA Bank Auditing Special Committee Report No. 4, issued on July 4, 2012).A reserve is provided for “Normally Performing Loans” and “Loans to Borrowers under Close Observation” based on theratio of loan losses computed based on the default ratio sustained over specific periods in the past.A reserve is also provided for “Loans to Borrowers with Bankruptcy Imminent.” In such cases, the anticipated proceedsfrom the sales of collateral pledged against such loans and the amounts expected to be recovered from guarantors of theloans are first subtracted from the book value of the loans. A reserve is then provided in the amount deemed necessary.A reserve is maintained at the book value of “Loans to Borrowers under Bankruptcy Proceedings” or “Loans to BorrowersSubstantially in Bankruptcy” after deducting the anticipated proceeds from the sale of collateral pledged against such loansand the amounts expected to be recovered from the guarantors of the loans.If a borrower of loans with altered lending conditions is bankruptcy imminent or under close observation, whose loanbalance is more than a certain amount and the Bank can reasonably estimate the borrower’s future cash flows, a reserve ismaintained at book value after deducting estimated future cash flows discounted by the loan rate before any restructuring toprovide relief to borrowers by reducing interest rates.All loans are reviewed by the asset review divisions, with cooperation from the relevant business divisions based on theBank’s internal rules for self-assessment of assets.With respect to the reserves for possible loan losses of the consolidated subsidiaries, the amounts deemed necessary areprovided based on the actual default ratios in the past. In cases where there is more concern about the failure of the obligor,amounts deemed uncollectible are provided in the reserve.(ii) Reserve for devaluation of securitiesA reserve for devaluation of securities is provided at an amount necessary to cover possible losses on investments insecurities, which is determined based on assessment of the financial position of the companies issuing the securities.(iii) Reserve for bonuses to employeesA reserve for bonuses to employees is provided in the amount accrued during the year, which is calculated based on theestimated amount of future bonus payment to employees.(iv) Reserve for directors’ and corporate auditors’ retirement benefitsA reserve for directors’ and corporate auditors’ retirement benefits is provided in the amount accrued during the year, which iscalculated based on the estimated amount of future retirement payments to directors and corporate auditors of the Bank’ssubsidiaries.(v) Reserve for reimbursement of depositsA reserve for reimbursement of deposits is provided in the estimated amount of future claims for payments of deposits notaccounted for as liability.(vi) Reserve for contingenciesA reserve for contingencies is provided in the amount of estimated future loss arising from contingencies other than eventsdescribed above.(vii) Reserve under special lawsA reserve under special laws is a financial instruments transaction liability reserve which is provided for contingent lossresulting from security-related accident and is calculated by a consolidated subsidiary in accordance with Article 46-5 of theFinancial Instruments and Exchange Act and Article 175 of the Cabinet Office Ordinance Regarding Financial InstrumentsBusinesses.(i) Employees’ Retirement BenefitsNet defined benefit liability is recognized based on the estimated amounts of the projected retirement benefit obligations andassets of the existing pension plans.For determination of projected retirement benefit obligations, the benefit formula basis is used as a method of attributingexpected benefit to each period.Unrecognized prior service cost is amortized by the straight-line method over the specific years (10 years) within theaverage remaining years of service of the eligible employees. Actuarial gains or losses are amortized from the next year afterincurrence by the straight-line method over the specific years (10 years) within the average remaining years of service of theeligible employees.Certain consolidated subsidiaries record net defined benefit liability and net retirement benefit expense using thesimplified method whereby the projected retirement benefit obligations are estimated at the amount that would be payable ifthe eligible employees would have been retired voluntarily at the balance sheet date.18