Non-consolidated Balance Sheets
Sony Bank Inc.
As of March 31, 2009, 2010 and 2011
(Millions of yen)
2009 2010 2011
Assets:
Cash and due from banks 11,705 51,184 46,498
Cash - - 43
Due from banks 11,705 51,184 46,455
Call loans 49,909 55,079 10,000
Monetary claims purchased 16,163 3,292 -
Monetary trusts - 10,750 12,740
Securities 823,174 880,133 940,121
Japanese government bonds 288,348 263,516 262,742
Japanese municipal bonds 5,305 7,050 17,509
Japanese corporate bonds 303,353 326,378 320,569
Japanese stocks 3,000 3,000 5,000
Other securities 223,168 280,188 334,299
Loans 477,072 586,654 722,452
Loans on deed 468,975 578,454 713,634
Overdrafts 8,096 8,199 8,818
Foreign exchanges 6,355 5,100 8,432
Due from foreign banks 6,355 5,100 8,432
Other assets 16,095 15,818 15,830
Domestic exchange settlement account debit 51 38 86
Prepaid expenses 35 60 97
Accrued income 3,140 3,336 3,847
Initial margin of futures markets 2,831 1,325 1,063
Derivatives 8,099 9,104 6,964
Accounts receivable 933 1,244 3,119
Others 1,004 710 653
Tangible fixed assets 504 637 778
Buildings 53 99 201
Leased assets 1 1 1
Other tangible fixed assets 449 536 574
Intangible fixed assets 2,324 2,977 2,897
Software 2,321 2,974 2,894
Other intangible fixed assets 3 2 2
Deferred tax assets 9,106 1,364 2,199
Customers’ liabilities for acceptances and guarantees - - 1,000
Allowance for loan losses (456) (807) (1,121)
Total Assets 1,411,956 1,612,186 1,761,830
Liabilities:
Deposits 1,326,360 1,510,051 1,649,106
Ordinary deposits 280,297 278,492 315,236
Time deposits 763,161 905,362 973,162
Other deposits 282,901 326,197 360,706
Call money 10,000 10,000 10,000
Borrowed money 2,000 2,000 2,000
Borrowed money 2,000 2,000 2,000
Foreign exchanges 8 20 17
Foreign bills sold - 1 10
Foreign bills payable 8 18 6
Other liabilities 26,773 30,329 38,829
Unsettled exchange payable - 3 -
Income taxes payable 84 727 1,363
Accrued expenses 6,788 5,429 4,712
Unearned revenue 1 1 2
Initial margins of futures markets 7,328 11,411 13,479
Derivatives 9,392 11,788 14,657
Leased obligation 1 1 1
Asset retirement obligations - - 79
Others 3,176 965 4,533
Reserve for employees’ bonuses 274 424 437
Reserve for employees’ retirement benefits 213 299 390
Reserve for directors’ retirement benefits 61 70 78
Acceptances and guarantees - - 1,000
Total Liabilities 1,365,692 1,553,196 1,701,859
Net Assets:
Common stock 31,000 31,000 31,000
Capital surplus 21,000 21,000 21,000
Capital reserves 21,000 21,000 21,000
Retained earnings 5,586 7,232 9,287
Other retained earnings 5,586 7,232 9,287
Unappropriated retained earnings 5,586 7,232 9,287
Total shareholders’ equity 57,586 59,232 61,287
Net unrealized gains (losses) on other securities, net of taxes (9,688) 900 426
Net deferred losses on hedging instruments, net of taxes (1,633) (1,143) (1,742)
Total valuation and translation adjustments (11,322) (243) (1,315)
Total Net Assets 46,264 58,989 59,971
Total Liabilities and Net Assets 1,411,956 1,612,186 1,761,830
Non-consolidated Statements of Income
Sony Bank Inc.
For the years ended March 31, 2009, 2010 and 2011
(Millions of yen)
2009 2010 2011
Ordinary Revenues 33,361 30,500 29,521
Interest income 22,044 23,389 23,652
Interest income on loans 9,293 11,960 12,431
Interest income and dividends on securities 10,452 10,930 11,113
Interest income on call loans 2,021 86 25
Interest income on deposits with banks 7 53 52
Interest income on interest rate swaps 10 2 -
Other interest income 258 356 30
Fees and commissions 2,171 1,945 1,935
Fees and commissions on domestic and foreign exchanges 197 188 193
Other fees and commissions 1,973 1,756 1,742
Other operating income 9,035 5,122 3,869
Gains on foreign exchange transactions 7,938 4,723 2,677
Gains on sale of bonds 250 398 959
Gains on redemption of bonds 0 0 232
Income from derivatives other than for trading or hedging 846 - -
Other ordinary income 111 43 63
Income from monetary trusts, net - 3 18
Others 111 40 44
Ordinary Expenses 32,947 27,570 26,144
Interest expenses 15,397 10,362 10,445
Interest expenses on deposits 14,503 8,535 8,402
Interest expenses on call money 58 31 12
Interest expenses on borrowed money 38 50 50
Interest expenses on interest rate swaps 796 1,745 1,980
Other interest expenses 0 - -
Fees and commissions 1,857 2,133 2,099
Fees and commissions on domestic and foreign exchanges 76 75 74
Other fees and commissions 1,780 2,058 2,024
Other operating expenses 5,107 2,986 480
Losses on sale of bonds 2,634 2,569 81
Losses on redemption of bonds 2,473 - -
Expenses from derivatives other than for trading or hedging - 416 399
General and administrative expenses 10,309 11,675 12,603
Other ordinary expenses 274 411 515
Provision of allowance for loan losses 223 388 456
Write-off of loans 0 - 0
Others 51 23 57
Ordinary Profit 414 2,930 3,377
Extraordinary Losses - 69 10
Losses on disposal of tangible fixed assets - 69 -
Losses on adjustment for changes of accounting standard
for asset retirement obligations - - 10
Income Before Income Taxes 414 2,861 3,366
Income Taxes—current 3 662 1,620
Income Taxes—deferred 1,121 552 (308)
Total Income Taxes 1,124 1,214 1,311
Net Income (Loss) (710) 1,646 2,054