Form 18-K Japan International Coop For: Mar 31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 18-K
For Foreign Governments and Political Subdivisions Thereof
ANNUAL REPORT
of
JAPAN INTERNATIONAL COOPERATION AGENCY
(Name of registrant)
Date of end of last fiscal year: March 31, 2021
SECURITIES REGISTERED
(As of the close of the fiscal year)*
Titles of Issue |
Amounts as to Which Registration is Effective |
|
Names of Exchanges on Which Registered | |||||
N/A |
N/A | N/A |
Names and addresses of persons authorized to receive notices
and communications from the Securities and Exchange Commission:
SHIMOKAWA Takao
Chief Representative
JICA USA Office
1776 I Street, N.W., Suite 895
Washington, D.C. 20006
Copies to:
HOSOKAWA Kenji
Morrison & Foerster LLP
Shin-Marunouchi Building 29th Floor
5-1, Marunouchi 1-chome
Chiyoda-ku, Tokyo 100-6529
Japan
* | The registrant is filing this annual report on a voluntary basis. |
EXPLANATORY NOTE
This annual report on Form 18-K for the fiscal year ended March 31, 2021 is filed by Japan International Cooperation Agency (JICA), an incorporated administrative agency of Japan established in October 2003 pursuant to the Act on General Rules for Incorporated Administrative Agencies and the Act of the Incorporated Administrative AgencyJapan International Cooperation Agency. JICAs main objective is to contribute to the promotion of international cooperation as well as the sound development of the Japanese and global economy by supporting the socioeconomic development, recovery or economic stability of developing regions. This annual report on Form 18-K, as subsequently amended, is intended to be incorporated by reference into any future prospectus filed by JICA with the U.S. Securities and Exchange Commission to the extent such prospectus indicates that it intends this report to be incorporated by reference.
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Form 18-K
The information set forth below is to be furnished:
1. | In respect of each issue of securities of JICA registered, a brief statement as to: |
(a) | The general effect of any material modifications, not previously reported, of the rights of the holders of such securities. |
Not applicable.1
(b) | The title and the material provisions of any law, decree or administrative action, not previously reported, by reason of which the security is not being serviced in accordance with the terms thereof. |
Not applicable.1
(c) | The circumstances of any other failure, not previously reported, to pay principal, interest, or any sinking fund or amortization installment. |
Not applicable.1
2. | A statement as of the close of the last fiscal year of JICA giving the total outstanding of: |
(a) | Internal funded debt of JICA. (Total to be stated in the currency of JICA. If any internal funded debt is payable in a foreign currency, it should not be included under this paragraph (a), but under paragraph (b) of this item.) |
Reference is made to pages F-64 to F-66 of Exhibit 2 hereto.
(b) | External funded debt of JICA. (Totals to be stated in the respective currencies in which payable. No statement need be furnished as to intergovernmental debt.) |
Reference is made to pages F-64 to F-66 of Exhibit 2 hereto.
3. | A statement giving the title, date of issue, date of maturity, interest rate and amount outstanding, together with the currency or currencies in which payable, of each issue of funded debt of JICA outstanding as of the close of the last fiscal year of JICA. |
Reference is made to pages F-64 to F-66 of Exhibit 2 hereto.
4. |
(a) | As to each issue of securities of JICA which is registered, there should be furnished a breakdown of the total amount outstanding, as shown in Item 3, into the following: |
(1) | Total amount held by or for the account of JICA. |
Not applicable.1
(2) | Total estimated amount held by Japan; this estimate need be furnished only if it is practicable to do so. |
Not applicable.1
(3) | Total amount otherwise outstanding. |
Not applicable.1
(b) | If a substantial amount is set forth in answer to paragraph (a)(1) above, describe briefly the method employed by JICA to reacquire such securities. |
Not applicable.1
1 | No securities of the registrant are registered under the Securities Exchange Act of 1934, as amended. |
3
5. | A statement as of the close of the last fiscal year of JICA giving the estimated total of: |
(a) | Internal floating indebtedness of JICA. (Total to be stated in the currency of JICA.) |
None.
(b) | External floating indebtedness of JICA. (Total to be stated in the respective currencies in which payable.) |
None.
6. | Statement of the receipts, classified by source, and of the expenditures, classified by purpose, of JICA for each fiscal year of JICA ended since the close of the latest fiscal year for which such information was previously reported. These statements should be so itemized as to be reasonably informative and should cover both ordinary and extraordinary receipts and expenditures; there should be indicated separately, if practicable, the amount of receipts pledged or otherwise specifically allocated to any issue registered, indicating the issue. |
Reference is made to pages F-8 and F-46 of Exhibit 2 hereto.
7. |
(a) | If any foreign exchange control, not previously reported, has been established by Japan, briefly describe such foreign exchange control. |
None.
(b) | If any foreign exchange control previously reported has been discontinued or materially modified, briefly describe the effect of any such action, not previously reported. |
Not applicable.
This annual report comprises:
(a) | The cover page and pages numbered 2 to 6 consecutively. |
(b) | The following exhibits: |
(1) | Description of Japan International Cooperation Agency dated September 27, 2021. |
(2) | Audited financial statements of Japan International Cooperation Agency for the fiscal year ended March 31, 2021 prepared in accordance with accounting principles for incorporated administrative agencies generally accepted in Japan. |
(3) | Consents of Ernst & Young ShinNihon LLC. |
(4) | Excerpt of General Rules of the National Budget, which relates to Japan International Cooperation Agency for the fiscal year ending March 31, 2022 (in Japanese only).2 |
This Annual Report is filed subject to the Instructions for Form 18-K for Foreign Governments and Political Subdivisions Thereof.
2 | Filed under cover of Form SE on September 27, 2021. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, at Tokyo, Japan on the 27th day of September, 2021.
JAPAN INTERNATIONAL COOPERATION AGENCY | ||
By: | /s/ HIRATA Hitoshi | |
HIRATA Hitoshi, | ||
Director General, Treasury, Finance and | ||
Accounting Department |
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EXHIBIT INDEX
Exhibit |
Description | |
1. | Description of Japan International Cooperation Agency dated September 27, 2021. | |
2. | Audited financial statements of Japan International Cooperation Agency for the fiscal year ended March 31, 2021 prepared in accordance with accounting principles for incorporated administrative agencies generally accepted in Japan. | |
3. | Consents of Ernst & Young ShinNihon LLC. | |
4. | Excerpt of General Rules of the National Budget, which relates to Japan International Cooperation Agency for the fiscal year ending March 31, 2022 (in Japanese only).3 |
3 | Filed under cover of Form SE on September 27, 2021. |
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Exhibit 1
Japan International Cooperation Agency
This description of Japan International Cooperation Agency is dated September 27, 2021 and appears as Exhibit 1 to its Annual Report on Form 18-K filed with the U.S. Securities and Exchange Commission.
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THE DELIVERY OF THIS DOCUMENT AT ANY TIME DOES NOT IMPLY THAT THE INFORMATION IS CORRECT AS OF ANY TIME SUBSEQUENT TO ITS DATE. THIS DOCUMENT (OTHERWISE THAN AS PART OF A PROSPECTUS CONTAINED IN A REGISTRATION STATEMENT FILED UNDER THE U.S. SECURITIES ACT OF 1933) DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF JAPAN INTERNATIONAL COOPERATION AGENCY.
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This document appears as an exhibit to the Annual Report of Japan International Cooperation Agency (JICA) filed with the U.S. Securities and Exchange Commission (the Commission) on Form 18-K. Additional information with respect to JICA is available in such Annual Report, in the other exhibits to such Annual Report and in amendments thereto. Such Annual Report, exhibits and other amendments may be inspected and copied at the public reference room maintained by the Commission at: 100 F Street, N.E., Washington, D.C. 20549. Information regarding the operations of the public reference room can be obtained by calling the Commission at 1-800-SEC-0330. You may also request a copy of such Annual Report, exhibits and amendments thereto and other information mentioned above by writing or calling JICA. Written requests for such documents should be directed to Japan International Cooperation Agency, Nibancho Center Building 5-25, Niban-cho, Chiyoda-ku, Tokyo 102-8012, Japan, Attention: Capital Markets Division, Treasury, Finance and Accounting Department, JICA, Japan. JICAs telephone number is 81-3-5226-9279. Such Annual Report, exhibits and other amendments are also available through the Commissions Internet website at http://www.sec.gov.
In this document, all amounts are expressed in Japanese Yen (¥ or yen), except as otherwise specified. The spot buying rate quoted on the Tokyo Foreign Exchange Market on September 17, 2021 as reported by the Bank of Japan at 5:00 p.m., Tokyo time, was 109.95 = $1.00, and the noon buying rate on September 17, 2021 for cable transfers in New York City payable in yen, as reported by the Federal Reserve Bank of New York, was 109.94 = $1.00.
References in this document to Japanese fiscal years (JFYs) are to 12-month periods commencing in each case on April 1 of the year indicated and ending on March 31 of the following year. References to years not specified as being JFYs are to calendar years.
References in this document to JICA are to Japan International Cooperation Agency.
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PRESENTATION OF FINANCIAL INFORMATION
The fiscal year end of JICA is March 31. JICAs financial statements have been prepared in accordance with accounting principles for incorporated administrative agencies generally accepted in Japan, which may differ in certain respects from accounting principles for business enterprises generally accepted in Japan.
JICAs operations are separated into two categories for accounting purposes pursuant to Article 17 of the Act of the Incorporated Administrative AgencyJapan International Cooperation Agency (the JICA Act): (a) a General Account, which is largely funded by management grants from the Japanese government, and (b) a Finance and Investment Account, which is funded through capital contributions and borrowings from the Japanese government, bonds issued to investors and interest and revenues generated by JICA from loans disbursed.
The following financial statements are contained in the Annual Report on Form 18-K filed with the Commission of which this document is a part: (i) the annual audited balance sheet as of March 31, 2021, the related audited statements of administrative service operation cost, income, changes in net assets and cash flows for the fiscal year ended March 31, 2021, and the significant accounting policies, notes and detailed statements relating thereto, all in respect of the General Account of JICA and (ii) the annual audited balance sheet as of March 31, 2021, the related audited statements of administrative service operation cost, income, changes in net assets and cash flows for the fiscal year ended March 31, 2021, and the significant accounting policies, notes and detailed statements relating thereto, all in respect of the Finance and Investment Account of JICA.
JICAs general policy is to consider engaging a new auditor every five years, and JICA has engaged Ernst & Young ShinNihon LLC to audit its financial statements since the fiscal year ended March 31, 2018. Ernst & Young was selected after a competitive bidding process involving multiple auditor candidates, including JICAs immediately prior auditor.
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JAPAN INTERNATIONAL COOPERATION AGENCY
JICA is an incorporated administrative agency established in October 2003 pursuant to the Act on General Rules for Incorporated Administrative Agencies and the JICA Act. JICAs main objective is to contribute to the promotion of international cooperation as well as the sound development of the Japanese and global economy by supporting the socioeconomic development, recovery or economic stability of developing regions. Following an overhaul in October 2008 (see History), JICA is currently the sole implementing agency for all major Japanese Official Development Assistance (ODA) schemes, which are separated into three categoriesTechnical Cooperation, Grant Aid and Finance and Investment (see Operations).
JICA is entirely owned by the Japanese government and is subject to control and supervision by the Minister for Foreign Affairs of Japan and the Minister of Finance of Japan. As of March 31, 2021, government investment by Japan contributed to ¥8,202 billion of net assets on the balance sheet of JICAs Finance and Investment Account and the capital ratio, calculated as total net assets divided by total assets, was 73.74%.
JICAs origins can be traced back to January 1954, with the establishment of the Federation of Japan Overseas Associations. In subsequent years, the Society for Economic Cooperation in Asia, Japan Emigration Promotion, Co., Ltd., Overseas Technical Cooperation Agency, Japan Emigration Service and Japan Overseas Cooperation Volunteers were established, each with the objective of fostering international cooperation. JICA was originally established in May 1974 as a special public institution (Former JICA) with the promulgation of the Act of Japan International Cooperation Agency. In December 2001, a reorganization and rationalization plan for special public institutions was announced by the Japanese government. Included in this reform plan was a measure transforming JICA into an incorporated administrative agency. This was put into effect by the JICA Act, and Former JICA was re-established as an incorporated administrative agency in October 2003.
Separately, in December 1960, the Overseas Economic Cooperation Fund Law was promulgated, pursuant to which the Overseas Economic Cooperation Fund was established to take over management of the Southeast Asia Development Cooperation Fund from the Export-Import Bank of Japan (JEXIM). In April 1999, the Japan Bank for International Cooperation Law was promulgated, and the Japan Bank for International Cooperation (JBIC) was established, which succeeded the operations of the Overseas Economic Cooperation Fund and JEXIM.
JICA, in its current form, was established in October 2008 following the enactment in November 2006 of the Act for Partial Amendments to the Act of the Incorporated Administrative AgencyJapan International Cooperation Agency. Pursuant to such Act, the operations of Former JICA, Finance and Investment previously managed by JBIC and a portion of Grant Aid provided by the Ministry of Foreign Affairs of Japan (MOFA) were succeeded by JICA. MOFA remains responsible for directly providing Grant Aid in conjunction with the execution of diplomatic policies.
JICA announced its current mission (JICA, in accordance with the Development Cooperation Charter, will work on human security and quality growth) and vision (Leading the world with trust) in July 2017, in light of the changing international relations. JICA will seek to achieve its mission and vision by committing itself to achieving them with pride and passion, immersing itself in the relevant site (gemba) and working together with people on-site, planning and acting strategically with broad and long-term perspective, bringing together diverse wisdom and resources, and thinking innovatively to bring about unprecedented impact. JICA, with its partners, will seek to take the lead in forging bonds of trust across the world, aspiring for a free, peaceful and prosperous world where people can hope for a better future and explore their diverse potential.
Mid-Term Objectives and Plan
In accordance with Article 30, Paragraph 1 of the Act on General Rules for Incorporated Administrative Agencies, JICA has established a mid-term plan for achieving its mid-term objectives during a period commencing from the fiscal year ending March 31, 2018. JICAs mid-term objectives include, among others:
| addressing key development issues, such as achieving high-quality growth and the elimination of poverty, sharing of universal values and establishing a peaceful and safe society, and creating a sustainable and resilient community through addressing global issues; and |
| strengthening cooperation with the private sector and other organizations such as local governments, non-governmental organizations, universities and research institutes. |
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Response to COVID-19
The rapid spread of COVID-19 has threatened the health and livelihoods of people across the world. The pandemic has damaged global economies, pushed millions of additional people into extreme poverty and negatively impacted future generations by disrupting their opportunities to receive education. Under JICAs mission to achieve human security, JICA has long contributed to efforts for improving healthcare systems in developing countries including measures to combat infectious diseases. For example, in the early twentieth century, Dr. NOGUCHI Hideyo, a Japanese scientist, worked hard to find the major causes of disease transmission. In his name, Ghana established the Noguchi Memorial Institute for Medical Research with Japans cooperation, including JICAs technical support since 1986. This institute has not only conducted 80% of Ghanas PCR testing to diagnose COVID-19 at the peak of its pandemic, but is also training laboratory technicians in West Africa.
JICA has been responding to the urgent needs of developing countries under the unprecedented global crisis caused by the COVID-19 pandemic by fully utilizing its human resources and organizational networks, which have been developed over the years of its operations. JICAs initiatives include supporting local production of safe PPE (personal protective equipment) for health workers, provision of water treatment chemicals, raising community awareness for hygiene and sanitation and capacity enhancement for testing and diagnosis. In addition, graduates of JICAs training program are addressing the COVID-19 pandemic in their assigned countries.
As of March 31, 2021, JICA has had extended COVID-19 Crisis Response Emergency Support Loan to 12 countries totaling around 328 billion yen, pursuant to which it aims to mitigate the negative social and economic impact of the COVID-19 pandemic by providing budgetary support.
Aligning with Prime Minister SUGA Yoshihides statement at the UN General Assembly on September 25, 2020, JICA has launched JICAs Initiative for Global Health and Medicine to strengthen its work in protecting peoples lives while supporting Japans development policy and international efforts to achieve the pledge of leaving no ones health behind. Under this initiative, JICA will take a holistic approach by focusing on prevention, precaution and treatment, and plans to provide support for infrastructural development by leveraging Japans experiences.
Measures to Address Climate Change
In line with the Japanese governments commitment to reduce greenhouse gas emissions to net-zero by 2050, JICA supports countries efforts to achieve low/zero carbon, from both financial and technical perspectives. In addition, to realize climate-resilient society, JICA promotes cooperation in climate change adaptation measures in developing countries, such as disaster risk reduction, irrigation and selective breeding of crops.
In December 2020, the Japanese government tightened its criteria on financing overseas coal-fired power plants and in principle will not provide support for new coal-fired power projects. Going forward, the Japanese government will consider support of ultra-supercritical power plants utilizing coal only when certain conditions are met.
In this context, JICA seeks to provide not only support for single power generation projects but also comprehensive support for developing countries transition efforts by strengthening engagement in energy and climate change policies.
Funding
Funding Track Record
See the table described in BusinessFunding below for the information on funding track record.
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Since its launch as a renewed organization in October 2008, JICA has become the sole implementing agency for all major Japanese ODA schemes: Technical Cooperation, Grant Aid and Finance and Investment.
Background to ODA in Japan
Various organizations and groups, including governments, international organizations, non-governmental organizations (NGOs) and private companies, carry out economic cooperation to support socioeconomic development in developing countries. The financial and technical assistance that governments provide to developing countries as part of this economic cooperation are called ODA.
ODA is broadly classified into two types: bilateral aid and multilateral aid. Multilateral aid consists of financing and financial contributions to international organizations, while bilateral aid is provided in three forms: Technical Cooperation, Grant Aid and Finance and Investment. In addition, other schemes of bilateral aid include the dispatch of volunteers.
In recent years, developed countries in Europe and North America have expanded ODA as a means of strengthening the efforts to address global issues such as climate change and poverty reduction. Furthermore, new donor countries including the Peoples Republic of China and the Republic of Korea have emerged. Japan, conversely, has decreased its ODA budget as a result of its severe financial circumstances.
In view of this international situation as well as the flow of domestic administrative reforms, the Japanese government has undertaken reforms that strategize ODA policies and strengthen implementation systems with the objective of further raising the quality of its ODA. With the aim of integrating ODA implementation organizations as part of these reforms, Overseas Economic Cooperation Operations of JBIC and Grant Aid Operations of MOFA (excluding those which MOFA continues to directly implement for the necessity of diplomatic policy) were transferred to JICA as of October 1, 2008, thereby creating a New JICA. See History. Through this integration, the three schemes of assistance have become organically linked under a single organization, which better enables JICA to provide effective and efficient assistance.
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JICAs ODA
The principal schemes of ODA carried on by JICA are outlined below. JICAs operations are separated into two categories for accounting purposes pursuant to Article 17 of the JICA Act: (a) a General Account, which is largely funded by management grants from the Japanese government, and (b) a Finance and Investment Account, which is funded through capital contributions and borrowings from the Japanese government, bonds issued to investors and interest and revenues generated by JICA. JICAs Technical Cooperation and Grant Aid activities are carried on through its General Account. JICAs Finance and Investment activities are carried on through its Finance and Investment Account.
Technical Cooperation
Technical Cooperation draws on Japans technology, knowhow and experience to nurture the human resources who will promote socioeconomic development in developing countries. Moreover, through collaboration with partner countries in jointly planning a cooperation plan suited to local situations, Technical Cooperation supports the development and improvement of technologies that are appropriate for the actual circumstances of these countries, while also contributing to raising their overall technology levels and setting up new institutional frameworks and organizations. These enable partner countries to develop problem-solving capacities and achieve economic growth.
Total Technical Cooperation expenditures (excluding management expenses and including expenses of technical assistance related to ODA Loans under Finance and Investment budget) for the fiscal year ended March 31, 2021 were ¥131.6 billion.
The following table provides breakdowns of JICAs Technical Cooperation operations in terms of expenditures (excluding management expenses) by geographical region and sector for JFY 2020:
Technical Cooperation
JFY 2020 | ||||
(%) | ||||
Distribution by Region |
||||
Asia |
32.1 | |||
Africa |
17.3 | |||
North and Latin America |
5.6 | |||
Middle East |
2.8 | |||
Pacific |
2.2 | |||
Europe |
0.8 | |||
Others |
39.2 | |||
|
|
|||
Total |
100.0 | |||
|
|
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Distribution by Sector |
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Public Works and Utilities |
19.7 | |||
Human Resources |
10.3 | |||
Agriculture, Forestry and Fisheries |
9.7 | |||
Planning and Administration |
6.4 | |||
Health and Medical Care |
5.9 | |||
Business and Tourism |
3.2 | |||
Mining and Industry |
1.4 | |||
Energy |
2.0 | |||
Social Welfare |
1.2 | |||
Others |
40.3 | |||
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Total |
100.0 | |||
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Technical Cooperation includes acceptance of training participants, dispatch of experts, provision of equipment and implementation of studies aimed at supporting policymaking and planning of public works projects.
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Grant Aid
Grant Aid, which is an assistance method that provides necessary funds to promote socioeconomic development, is financial cooperation with developing countries with no obligation for repayment. Particularly in developing countries with low income levels, Grant Aid is broadly implemented for building hospitals, bridges and other socioeconomic infrastructure, as well as for promoting education, HIV/AIDS programs, childrens healthcare and environmental activities, which directly support the improvement of living standards.
Assistance is given to development projects that are essential in developing countries nation building, including: construction of hospitals or schools and increasing access to safe water supply to satisfy basic human needs; improvement of irrigation systems to promote development of communities and agricultural productivity; construction of roads and bridges to build socio-economic foundations; building facilities to promote environmental conservation; and developing human resources. In recent years, assistance has also been provided for peacebuilding, developing business environments, disaster prevention and reconstruction after disasters, and measures to cope with climate change. Where necessary, technical guidance for operation and maintenance (soft components) is also provided, so that the facilities and other systems financed by Grant Aid are sustainably managed.
New agreements under JICAs Grant Aid operations for the fiscal year ended March 31, 2021 totaled ¥83.9 billion.
The following table provides breakdowns of JICAs Grant Aid operations in terms of total agreement amount by geographical region and sector for JFY 2020:
Grant Aid
JFY 2020 | ||||
(%) | ||||
Distribution by Region |
||||
Asia |
46.4 | |||
Africa |
44.9 | |||
Pacific |
3.4 | |||
North and Latin America |
3.3 | |||
Middle East |
1.9 | |||
Europe |
0.1 | |||
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Total |
100.0 | |||
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Distribution by Sector |
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Public Works and Utilities |
48.0 | |||
Health and Medical Care |
21.1 | |||
Human Resources |
15.7 | |||
Agriculture, Forestry and Fisheries |
8.2 | |||
Energy |
3.5 | |||
Business and Tourism |
1.1 | |||
Others |
2.4 | |||
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Total |
100.0 | |||
|
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Finance and Investment
Finance and Investment supports the efforts of developing countries to advance by providing these nations with the capital necessary for development under long-term and substantially lower interest rates than commercial rates. The primary types of Finance and Investment are ODA Loans and Private Sector Investment Finance (PSIF):
| ODA Loans promote efficient use of the borrowed funds and appropriate supervision of the relevant projects, bolstering the developing countries ownership in the development process. ODA Loans are divided into Project-type Loans (including Project Loans, which account for the largest portion of ODA Loans, and finance projects such as roads, power plants, irrigation, water supply and sewerage facilities) and Non-Project Loans (including Program Loans, which support the implementation of national strategies and poverty reduction strategies and Commodity Loans, which provide settlement funds for urgent and essential imports of materials). In addition, JICA developed sovereign-based lending denominated in U.S. dollars to developing countries beginning in JFY 2016. As of March 31, 2021, the total amount of ODA Loans outstanding was ¥13,545 billion as measured by aggregate loans receivable from all borrowing countries and organizations. |
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| Private Sector Investment Finance aims to stimulate economic activity and improve the living standards of people in developing countries through equity investments and loans for projects undertaken in developing countries by the private sector. As of March 31, 2021, the total amount of Private Sector Investment Finance outstanding was ¥213 billion as measured by aggregate loans receivable from all borrowing countries and organizations. |
ODA Loans in particular enable the provision of finance in larger amounts compared with Technical Cooperation or Grant Aid. Thus, this form of aid has been well utilized for building large-scale basic infrastructure in developing countries.
JICA applies preferential terms for certain sectors and fields, namely: global environmental problems and climate change, health and medical care and services, disaster prevention and reduction, and human resource development.
Unlike Technical Cooperation or Grant Aid, Finance and Investment requires full repayment by the recipient country, which encourages the beneficiary country to focus closely on the importance and priority of projects and to make efforts to allocate and utilize the funds as efficiently as possible. In addition, as an ODA Loan is financial assistance with a repayment obligation, this method of assistance places a relatively small fiscal burden on the Japanese government and represents a sustainable instrument for ODA.
New Finance and Investment commitments for the fiscal year ended March 31, 2021 totaled ¥1,567 billion.
The following table provides breakdowns of JICAs Finance and Investment operations in terms of commitment amount by geographical region and sector for JFY 2020:
Finance and Investment
(ODA Loans and PSIF)
JFY 2020 | ||||
(%) | ||||
Distribution by Region |
||||
Asia |
83.0 | |||
Middle East |
4.4 | |||
Africa |
2.9 | |||
Pacific |
2.7 | |||
North and Latin America |
1.6 | |||
Europe |
0.1 | |||
Others |
5.4 | |||
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Total |
100.0 | |||
|
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Distribution by Sector |
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Transportation |
45.6 | |||
Program Loans |
39.3 | |||
Social Services |
8.4 | |||
Agriculture, Forestry and Fisheries |
2.4 | |||
Mining and Industry |
1.0 | |||
Electric Power and Gas |
0.6 | |||
Irrigation, Water Control and Land Reclamation |
0.5 | |||
Others |
2.3 | |||
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Total |
100.0 | |||
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Scale of Japans and JICAs ODA Programs in Recent Years
In the year ended December 31, 2020, Japans total ODA disbursements amounted to U.S.$20,309.92 million (¥2,168.34 billion) (provisional amount). Of this total, Grant Aid accounted for U.S.$3,066.54 million (¥327.39 billion), Technical Cooperation U.S.$2,408.27 million (¥257.11 billion), Finance and Investment U.S.$11,491.94 million (¥1,219.22 billion) and Contributions and Subscriptions to International Organizations U.S.$3,417.85 million (¥364.90 billion, net disbursement basis).
With respect to JICAs operations in the fiscal year ended March 31, 2021, Technical Cooperation implemented by JICA amounted to ¥131.6 billion, a decrease of 24.8 % from the previous fiscal year. With respect to Grant Aid, which JICA began implementing from October 2008, JICA implemented 155 projects amounting to ¥83.9 billion (grant agreement amount). Within Finance and Investment, ODA Loans were provided through 43 projects amounting to ¥1,493.2 billion (commitment basis), while the Private-Sector Investment Finance amount totaled ¥73.4 billion (commitment basis) for 10 projects.
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The table below sets forth trends in the scale of JICAs programs for Technical Cooperation, Finance and Investment Commitments and Grant Aid for the past ten years:
JFY 2011 |
JFY 2012 |
JFY 2013 |
JFY 2014 |
JFY 2015 |
JFY 2016 |
JFY 2017 |
JFY 2018 |
JFY 2019 |
JFY 2020 |
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(in billions of yen) | ||||||||||||||||||||||||||||||||||||||||
Technical Cooperation Disbursements for the Past Ten Years |
¥ | 188.9 | ¥ | 167.8 | ¥ | 177.3 | ¥ | 176.4 | ¥ | 191.7 | ¥ | 207.7 | ¥ | 192.3 | ¥ | 190.1 | ¥ | 175.1 | ¥ | 131.6 | ||||||||||||||||||||
Finance and Investment Commitment Amounts for the Past Ten Years |
949.4 | 1,226.7 | 985.8 | 1,015.9 | 2,260.9 | 1,485.8 | 1,888.4 | 1,266.1 | 1,523.2 | 1,566.6 | ||||||||||||||||||||||||||||||
Grant Aid for the Past Ten Years |
111.0 | (1) | 141.6 | 115.8 | 111.2 | 111.7 | 98.0 | 115.1 | 98.5 | 85.6 | 83.9 |
Note:
(1) | Includes ¥3.6 billion provided under Exchange of Notes concluded by the Japanese government (the portion for which JICA was responsible for the promotion of Grant Aid). |
JICAs Path for Development Activities
JICA will develop and implement specific programs and projects based upon the Development Cooperation Charter, which was endorsed by the Japanese government in February 2015. Specifically, JICA will focus upon: (i) quality growth and mitigating disparities; (ii) promoting peacebuilding and the sharing of universal values; (iii) strengthening its operational engagement on global issues and the international aid agenda; (iv) expanding and deepening strategic partnerships; and (v) supporting an active role for women and their empowerment in developing countries.
JICAs Development Cooperation Achievements
In carrying out development activities in line with the Development Cooperation Charter, JICA draws on its track record of accomplishments achieved through the provision of ODA Loans. During the five-year period from JFY 2014 to JFY 2018, JICA provided ODA Loans for construction and other infrastructure projects that have contributed to the following achievements, as determined in ex-post evaluations of the relevant projects:
| Access to safe water (SDGs Goal 6). Provided access to safe drinking water to approximately 49.0 million people in developing countries on an annual basis; |
| Access to electricity (SDGs Goal 7). Met power generation needs in developing countries through the supply of 7,900 GWh of electricity per year (equivalent to the electricity consumption needs of approximately 5.6 million people on an annual basis based on worldwide averages in 2015); |
| Railroad facilities (SDGs Goal 9). Met the rail transportation needs of approximately 880 million people in developing countries on an annual basis; |
| Airport facilities (SDGs Goal 9). Met the air transportation needs of approximately 8.3 million people in developing countries on an annual basis; |
| Sea Ports (SDGs Goal 9). Constructed sea port facilities in developing countries with capacity to handle approximately 8.0 million tons of freight on an annual basis; |
| Disaster prevention (SDGs Goal 11). Protected approximately 1.2 million people in developing countries from natural disaster risk; and |
| Forestation (SDGs Goal 15). Supported forestation efforts in developing countries on the scale of approximately 1.86 million ha. |
Sustainable Development Goals
JICA has been working for realizing human security and quality growth in order to contribute to peace, stability, and prosperity of the international community. The Sustainable Development Goals (SDGs), adopted at the UN summit in 2015, accelerate and promote this Japans cooperation philosophy so that JICA will proactively contribute to achieving the SDGs through its leadership.
JICA will play a key role in achieving ten goals of the 17 SDGs making use of Japans own experience in socio-economic development of Japan and in development cooperation for the international community. Specifically, the ten goals are: zero hunger, health, education, water/sanitation, energy, economic growth, industry/infrastructure, sustainable cities, climate actions and forests/biodiversity.
JICA will ensure the impact of cooperation on the SDGs by utilizing Japans own knowledge, introducing innovations and collaborating with local and international partners in order to accelerate the achievement of the SDGs.
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Key Regional Initiatives
Southeast Asia and Oceania
While Southeast Asian countries have achieved high economic growth, disparities still persist within, and between, each country in the region. Given the regions situation, JICA will address vast infrastructure needs, improve peoples connectivity through both hard and soft infrastructure, develop human resources to improve productivity and facilitate technological innovation, and work to support the formation of a peaceful and safe society. In addition, JICA will support development initiatives that are prevalent in the region, like disaster risk reduction, climate change mitigation and adaptation, and infectious disease control. Throughout its cooperation efforts, JICA will take into account its contributions to follow Japanese government policies, its commitments made at Japan-ASEAN summit meetings, as well as its partnerships with regional international organizations.
In Oceania, JICA will extend its assistance in addressing region-specific development issues in accordance with the Japanese governments commitment at the Pacific Alliance Leaders Meeting (PALM). Priority areas will include addressing country vulnerabilities formed by natural disasters and impacts of climate change, as well as environmental issues that include waste treatment and water shortage concerns that have resulted from modernization and increasingly complex ocean issues.
South Asia
South Asia has the potential to become the center of the worlds economic growth, due to its young population and its vast consumer demands. However, the region also has the second largest impoverished population, next to Sub-Saharan Africa, and suffers from severe economic disparities, in addition to being highly vulnerable to natural disasters. Given the regions situation, JICA will help develop foundations for the regions economic growth, including the formation of a infrastructure, trade and investment environment; initiatives to secure the regions peace, stability, and safety; practices to improve access to basic human needs; and methods to counter global issues like climate change and disaster risks. Throughout its cooperation efforts, JICA will take into account the needs of the regions land-locked countries and look into ways to improve both hard and soft connectivity within the region and with other regions.
East Asia, Central Asia and the Caucasus
Since East Asia, Central Asia and the Caucasus have very strong geopolitical importance and a history of transitioning from a socialist to a market economy, it is important for JICA to help secure the regions long-term stability and sustainable development efforts. Given the regions situation, JICA will support initiatives to strengthen governance, industry diversification, as well as develop and strengthen infrastructure and human resource capacities. Throughout its cooperation efforts, JICA will take into account ways to improve intra- and inter-regional connectivity and resolve disparities.
Latin America and the Caribbean
While many of the countries in the region enjoy a certain extent of economic development, many of them also suffer from issues like poverty, economic and social disparities, and vulnerability to natural disasters. Given the regions situation, JICA will support infrastructure development efforts, and initiatives like disaster risk reduction and tackling climate change, in collaboration with multinational development banks, to address global issues.
Also, JICA will continue to provide necessary support for Japanese emigrants and their decedents (Nikkei) in the region, in order to further strengthen ties between Japan and the region. Furthermore, JICA will strengthen its partnership and cooperation initiatives with Nikkei communities by providing support for Nikkei communities.
Africa
Africa is expected to form a large economy in the near future because of its rapid population growth. Therefore, continuous cooperation for Africas industrial development is important. However challenges persist, like the decline in commodity prices, the spread of infectious diseases, and the expansion of violent extremism. These challenges require cooperative solutions at the same time. Given the regions situation, JICA, in collaboration with the private sector, will support regional infrastructure development like transport, water and sanitation, and access to energy, including renewable energy; as well as industrial development; business and investment climate development, including human resource development; and improving basic human needs. Throughout its cooperation efforts, JICA will also emphasize the three pillars of economy, society, and peace and stability, which have been declared as Japans contributions for Africa, pursuant to the 2019 Yokohama Declaration adopted at the Seventh Tokyo International Conference on African Development (TICAD7). Furthermore, JICA will not only promote country-specific, but also region-wide, initiatives focusing on improving regional economic communities.
Middle East and Europe
Many countries in the region still suffer from the aftermath of Arab Spring, in addition to Syrian refugees now becoming a global issue. Under such circumstances, in addition to emergency humanitarian assistance by the international community, it is necessary to extend support to communities hosting refugees and address structural problems in the mid to long-term that triggered the crisis to begin with, like poverty and unemployment. Also in Europe, the consolidation of peace and economic development are of the utmost necessity to ensure stability in the region. Given the regions situation, JICA will provide assistance targeting efforts to reduce social and regional disparities, develop human resources and infrastructure, improve the regions investment environment and maintain and conserve the regions urban areas and natural habitats. Throughout its cooperation efforts, JICA will take into account its contributions to the Japanese governments initiative called Inclusive assistance towards the stability of the Middle East region.
Particularly, in dealing with Syria and other refugee issues, JICA will collaborate with neighboring countries and international organizations, and it will carefully take into consideration the balance of benefits between the citizens of host countries and the refugees.
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Issue-specific initiatives
Promote Free and Open Indo-Pacific
To realize Free and Open Indo-Pacific advocated by the Japanese government, JICA will provide the Indo-Pacific region with both tangible and intangible support. JICAs support will include expanding and establishing freedom of navigation and the rule of law, improving regional connectivity by developing quality infrastructure that aligns with international standards, and providing development cooperation to support capacity building for maritime security.
Strengthen the capacity of leaders in developing countries
As a main pillar of its projects, JICA will advance the JICA Development Studies Program (JICA-DSP), launched in 2018, a program that maintains and strengthens trusted relationships between Japan and developing countries over the medium and long term. Special focus will be placed on strengthening collaboration with partner universities to provide more opportunities for international students (JICA scholars) to systematically learn about Japans experience of development and the importance of the rule of law. JICA will also remain committed to maintaining and developing relationships with the participants after they return to their home countries so that they can play an active role in their countries as leaders.
Strengthen healthcare and public health systems in developing countries
Aligning with Prime Minister SUGA Yoshihides statement at the UN General Assembly on September 25, 2020, JICA has launched JICAs Initiative for Global Health and Medicine to strengthen its work in protecting peoples lives while supporting Japans development policy and international efforts to achieve the pledge of leaving no ones health behind. Under this initiative, JICA will take a holistic approach by focusing on prevention, precaution and treatment, and plans to provide support for infrastructural development by leveraging Japans experiences.
Establish a platform by enhancing domestic collaboration
JICA will strengthen its collaboration with diverse partners across Japan to address issues in developing countries, while also benefiting Japanese society. Special focus will be placed on establishing a platform to strengthen information-sharing, dialogues, and project collaborations regarding the Sustainable Development Goals (SDGs).
Promote innovation
To tackle development issues that are either new or unresolvable by using existing techniques, JICA will explore and adopt innovations. Special focus will be placed on making institutional arrangements for promoting innovations to overcome the limitations of conventional forms of cooperation and address challenges facing developing countries.
Improve strategy and external dissemination of projects
For important issues affecting the international community and Japan, JICA will undertake timely efforts to be able to make full promotional use of international forums. Special focus will be placed on contributing to (1) climate change measures, (2) human security and (3) collaboration with Japanese communities in Latin America and the Caribbean. By proactively highlighting these activities, JICA will enhance its presence in the international community.
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The following table sets forth summary budget information in terms of budgeted expenses for the three main arms of operations of JICA for JFY 2020 and JFY 2021:
Budget for Three Main Arms of Operations
JFY 2020 | JFY 2021 | |||||||
(in billions of yen) | ||||||||
Finance and Investment |
¥ | 1,650.0 | ¥ | 1,500.0 | ||||
Technical Cooperation |
158.5 | 152.3 | ||||||
Grant Aid |
163.2 | 163.2 | ||||||
|
|
|
|
|||||
Total |
¥ | 1,971.7 | ¥ | 1,815.5 |
Note:
(1) | Occasionally current year budgets get updated during the year based on various facts and circumstances. Any changes to previously filed budgeted numbers is due to an updated budget being approved subsequent to the last filing. |
Finance and Investment operations are funded in accordance with the government of Japans ODA commitments and carried out in line with policies implemented by the Japanese Cabinet, and JICA is authorized by statute to borrow from the Japanese government on a long-term basis or issue bonds in order to fund these operations. Over the past three fiscal years, the amount of available funding for JICAs Finance and Investment operations under JICAs funding plan has increased, as shown in the following table:
Finance and Investment Account Funding Plan
JFY 2019 | JFY 2020 | JFY 2021 | ||||||||||
(in billions of yen) | ||||||||||||
Contribution from the government |
¥ | 46.8 | ¥ | 51.4 | ¥ | 47.0 | ||||||
Fiscal Investment and Loan Program (FILP) |
549.2 | 820.2 | 678.4 | |||||||||
Borrowing from FILP |
485.2 | 754.2 | 614.4 | |||||||||
Government-guaranteed bonds |
64.0 | 66.0 | 64.0 | |||||||||
FILP Agency Bonds(1) |
80.0 | 80.0 | 140.0 | |||||||||
Others |
719.0 | 698.4 | 634.6 | |||||||||
|
|
|
|
|
|
|||||||
Total |
¥ | 1,395.0 | ¥ | 1,650.0 | ¥ | 1,500.0 | ||||||
|
|
|
|
|
|
Note:
(1) | Refers to non-government-guaranteed domestic bonds issued pursuant to FILP. |
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Funding Track Record
Pursuant to JICAs authority to issue bonds to fund its Finance and Investment operations, JICA has developed a track record of issuing bonds in both domestic and international markets.
Since December 2008, JICA has issued 62 non-government-guaranteed bonds in domestic markets, totaling ¥770 billion. The following table provides JICAs issuance record of non-government-guaranteed bonds since June 2019:
Bond |
Issue Date | Amount | Coupon | Term | ||||||||||
(in billions of yen) | (%) | (years) | ||||||||||||
48th |
June 20, 2019 | 10 | 0.059 | 10 | ||||||||||
49th |
June 20, 2019 | 10 | 0.333 | 20 | ||||||||||
50th |
September 20, 2019 | 12 | 0.055 | 10 | ||||||||||
51st |
December 20, 2019 | 18 | 0.538 | 30 | ||||||||||
52nd |
March 19, 2020 | 10 | 0.055 | 10 | ||||||||||
53rd |
June 26, 2020 | 10 | 0.160 | 10 | ||||||||||
54th |
June 26, 2020 | 13 | 0.445 | 20 | ||||||||||
55th |
September 28, 2020 | 10 | 0.150 | 10 | ||||||||||
56th |
September 28, 2020 | 12 | 0.459 | 20 | ||||||||||
57th |
December 25, 2020 | 10 | 0.130 | 10 | ||||||||||
58th |
December 25, 2020 | 5 | 0.420 | 20 | ||||||||||
59th |
June 29, 2021 | 10 | 0.125 | 10 | ||||||||||
60th |
June 29, 2021 | 10 | 0.457 | 20 | ||||||||||
61st |
September 27, 2021 | 10 | 0.110 | 10 | ||||||||||
62nd |
September 27, 2021 | 10 | 0.439 | 20 | ||||||||||
Since November 2014, JICA has issued 6 government-guaranteed bonds in international markets, totaling $3,080 million. The following table provides JICAs issuance record of government-guaranteed bonds:
|
| |||||||||||||
Bond |
Issue Date | Amount | Coupon | Term | ||||||||||
(in millions of dollars) | (%) | (years) | ||||||||||||
1st |
November 13, 2014 | 500 | 1.875 | 5 | ||||||||||
2nd |
October 20, 2016 | 500 | 2.125 | 10 | ||||||||||
3rd |
April 27, 2017 | 500 | 2.750 | 10 | ||||||||||
4th |
June 12, 2018 | 500 | 3.375 | 10 | ||||||||||
5th |
July 22, 2020 | 500 | 1.000 | 10 | ||||||||||
6th |
April 28, 2021 | 580 | 1.750 | 10 |
Guidelines for Environmental and Social Considerations
Although JICAs various projects aim for social and economic development, there is a risk that such initiatives may produce negative externalities on the environment as well as on the society in the form of involuntary resettlement or infringement of the rights of indigenous peoples. In order to achieve sustainable development, the impact and externalities of every project must be assessed and any means to avoid, minimize or compensate potential negative externalities must be integrated into the project. JICA refers to this internalization of environmental and social cost into the development cost as Environmental and Social Considerations (ESC). JICA has set out Guidelines for ESC which set forth JICAs responsibilities and required procedures, together with obligations of partner countries and project proponents, in order to put ESC into practice.
JICAs partners, including host countries, borrowers and project proponents bear the primary responsibility for ESC. JICAs role is to examine ESC undertaken by project proponents in their development projects and to provide necessary support to ensure that the appropriate ESC are put into practice and that any adverse impact is avoided or minimized to an acceptable level.
The operations of the Finance and Investment account involve various risks, including credit risk, market risk, liquidity risk, and operational risk. As a government agency the nature as well as the volume of risks in JICAs operations and the ways to deal with them differ from the risks and countermeasures at private financial institutions. Nonetheless, it is essential for JICA to have appropriate risk management just as at a financial institution.
In line with the global trend of an increasing focus on risk management among financial institutions and regulators, JICA is constantly improving its risk management of the Finance and Investment Account.
More specifically, risk management of the Finance and Investment Account is positioned as a managerial issue that needs to be addressed systematically by the organization in its entirety. JICA has thus adopted a risk management policy for its operations, under which JICA identifies, measures and monitors various risks. The objective of this policy is to ensure sound and effective operations and to earn returns commensurate with risks.
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JICA has established a Risk Management Committee for the Finance and Investment Account responsible for examining important issues related to integrated risk management.
JICA manages various risks associated with Finance and Investment operations as follows:
Credit Risk
Credit risk refers to the potential loss from difficulties or failure to recover credit assets due to the deteriorating financial condition of a debtor. The main area of Finance and Investment operations is lending. See Operations. Consequently, the control of credit risk is a major part of JICAs risk management. Sovereign risk in particular makes up a considerable part of the credit risk that accompanies ODA Loans.
JICA, as an official financer, evaluates sovereign risk by making full use of information gathered through communication with the governments and relevant authorities in the recipient countries, multilateral institutions such as the International Monetary Fund and the World Bank, other regional and bilateral donor organizations and private financial institutions in developed countries. With respect to PSIF, JICA assesses the risk associated with lending to private entities as well as country risk and currency risk.
Credit Rating System
JICA has established a credit rating system as part of the organizations operating procedures. Credit ratings are the cornerstone of credit risk management, used for conducting individual credit appraisals and quantifying credit risks. Credit ratings are divided into two borrower specific categories: sovereign borrowers and non-sovereign borrowers, with the ratings updated where appropriate.
Self-Assessment of Asset Portfolio
When managing credit risks, it is important for JICA to make proper self-assessments of its loan portfolio and implement write-offs and loan loss provisions in a proper and timely manner. Based on the Financial Inspection Manual prepared by the Financial Services Agency of Japan, JICA has developed internal rules for such assessment. To ensure an appropriate checking function in this process, the first-stage assessment is conducted by the relevant departments in charge of lending and investment, and the second-stage assessment by the credit risk analysis department. An accurate understanding of asset quality is of paramount importance to the maintenance of JICAs financial soundness and for disclosure.
Quantifying Credit Risk
In addition to individual credit risk management, JICA is working on quantifying credit risks with a view to evaluating the risk of its overall loan portfolio. To that end, it is important to take into account the characteristics of JICAs loan portfolio, a significant proportion of which consists of long-term loans and sovereign loans to developing and emerging countries. Also, JICA takes into account multilateral mechanisms for securing assets such as the Paris Club, which is a unique framework for debt management by official creditor countries. By incorporating these factors into the credit risk quantification model, JICA measures credit risks and utilizes data for internal controls.
The following table shows the ratio of JICAs risk-monitored loans, which includes loans to debtor in legal bankruptcy, past due loans, loans in arrears by three months or more and restructured loans, to total loans receivable, as of the dates indicated:
As of March 31, | ||||||||||||
2019 | 2020 | 2021 | ||||||||||
(in billions of yen except for ratio) | ||||||||||||
Loans to Debtor in Legal Bankruptcy |
| | | |||||||||
Past Due Loans |
¥ | 87 | ¥ | 87 | ¥ | 87 | ||||||
Loans in Arrears by Three Months or More |
| | 0 | |||||||||
Restructured Loans |
609 | 473 | 469 | |||||||||
|
|
|
|
|
|
|||||||
Total (A) |
¥ | 696 | ¥ | 561 | ¥ | 556 | ||||||
Balance of Loans Receivable (B) |
12,387 | 12,702 | 13,429 | |||||||||
|
|
|
|
|
|
|||||||
A / B (%) |
5.62 | % | 4.41 | % | 4.14 | % | ||||||
|
|
|
|
|
|
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Market Risk
Market risk refers to the potential losses incurred through changes in the value of assets and liabilities resulting from fluctuations in foreign currency exchange rates and/or interest rates. JICA bears risks arising from long-term fixed rate interest loans due to the characteristics of its lending activities. On this front, JICA is enhancing its capacity to absorb interest rate risk by using capital injections from the General Account Budget of the Japanese government.
Furthermore, interest rate swaps are carried out exclusively for the purpose of hedging interest rate risk. In order to control counterparty credit risk of interest rate swaps, the market value of transactions and credit worthiness of each counterparty are constantly assessed and collateral is secured when necessary.
With the introduction of operations such as Japanese ODA Loans with the option for borrowers to repay in currencies other than yen adopted in JFY 2012 and dollar-denominated Japanese ODA Loans started from the fiscal year ended March 31, 2017, currency risks may arise from the conversion of yen-denominated loans into foreign currency-denominated loans or from general exchange rate fluctuations. Consequently, currency risk is hedged through currency swaps. Moreover, when foreign currency-denominated investments are extended in PSIF, currency risk is assumed in connection with the valuation of investments. JICA manages this currency risk through regular and continuous monitoring of exchange rate fluctuations in the currency of the country in which the counterparty is located.
Liquidity Risk
Liquidity risk may result from a deterioration of JICAs credit or to an unexpectedly large increase in expenditures or an unexpectedly large decrease in revenues. JICA adopts various measures to avoid liquidity risk through management of its cash flow. This includes efforts to secure multiple sources of funds such as agency bonds and borrowing under fiscal investment and loan programs established by JICA.
Operational Risk
Operational risk refers to potential losses stemming from work processes, personnel activities, improper systems or other external events. JICA manages the operational risk as part of the efforts to promote its compliance policy.
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Board Members
The names, current positions and previous positions of executive officers and auditors as of July 1, 2021 are as follows:
Title |
Name |
Date of |
Previous Position | |||
President |
KITAOKA Shinichi | October 1, 2015 (Reappointment) |
President, the International University of Japan | |||
Executive Senior Vice President |
YAMADA Junichi | May 23, 2020 | Senior Vice President, JICA | |||
Senior Vice President |
UESHIMA Takumi | December 1, 2018 (Reappointment) |
Chief Secretary, Office of President, JICA | |||
Senior Vice President |
KAYASHIMA Nobuko | October 1, 2019 | Vice President, JICA/ Principal Research Fellow, JICA Research Institute | |||
Senior Vice President |
YOKOYAMA Tadashi | October 1, 2019 | Deputy Vice Minister for international affairs, Ministry of Finance | |||
Senior Vice President |
NAKAZAWA Keiichiro | May 23, 2020 | Director General, Operations Strategy Department, JICA | |||
Senior Vice President |
SHIBATA Hironori | July 1, 2020 | Deputy Director-General for International Trade Policy of the Trade Policy Bureau, Ministry of Economy, Trade and Industry of Japan | |||
Senior Vice President |
NAKAMURA Toshiyuki | October 1, 2020 | Director General, Governance and Peacebuilding Department, JICA | |||
Senior Vice President |
YAMANAKA Shinichi | October 1, 2020 | Chief Representative, Indonesia Office, JICA | |||
Senior Vice President |
ONODERA Seiichi | July 1, 2021 | Counselor for Global Strategies, Ministers Secretariat, Ministry of Land, Infrastructure, Transport and Tourism | |||
Auditor |
MACHII Hiromi | January 1, 2014 (Reappointment) | Compliance Officer, SG ASSETMAX CO., LTD. | |||
Auditor |
HAYAMICHI Nobuhiro | July 1, 2017 | Senior Audit Manager, Internal Audit Office, PANASONIC HEALTHCARE HOLDINGS Co., Ltd. | |||
Auditor |
TOGAWA Masato | February 1, 2019 | Director General, Personnel Department, JICA |
Notes:
(1) | Senior vice presidents and auditors are listed in the order of their appointment. |
(2) | Number of executive officers and auditors: Pursuant to Article 7 of the JICA Act, there shall be one president and three auditors, and there may be one executive senior vice president and up to eight senior vice presidents. |
(3) | Terms of office of executive officers and auditors: Pursuant to Article 21 of the Act on General Rules for Incorporated Administrative Agencies, the term of office of the president is from the date of appointment until the last day of the mid-term plan currently in effect at the time of the appointment, and the term of office of each auditor is from the date of appointment until the date that the audited financial statements covering the final fiscal year of the mid-term plan for which such auditor is responsible are approved. Pursuant to Article 9 of the JICA Act, the term of office of the executive senior vice president, if any, is four years, and the term of office of the senior vice presidents, if any, is two years. |
JICA employed 1,942 full-time employees across the Headquarters in Tokyo, 14 domestic offices and 96 overseas offices as of January 2021.
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Exhibit 2
FINANCIAL STATEMENTS OF JAPAN INTERNATIONAL COOPERATION AGENCY (JICA)
AND REPORTS OF THE INDEPENDENT AUDITOR
Index to Financial Statements |
||||
General Account |
||||
F-2 | ||||
F-5 | ||||
Statement of Administrative Service Operation Cost (April 1, 2020March 31, 2021) |
F-7 | |||
F-8 | ||||
Statement of Changes in Net Assets (April 1, 2020March 31, 2021) |
F-9 | |||
F-10 | ||||
F-11 | ||||
F-11 | ||||
F-14 | ||||
F-19 | ||||
Finance and Investment Account |
||||
F-40 | ||||
F-43 | ||||
Statement of Administrative Service Operation Cost (April 1, 2020March 31, 2021) |
F-45 | |||
F-46 | ||||
Statement of Changes in Net Assets (April 1, 2020March 31, 2021) |
F-47 | |||
F-48 | ||||
F-49 | ||||
F-49 | ||||
F-53 | ||||
F-61 |
F-1
Table of Contents
Mr. Shinichi Kitaoka, President
Japan International Cooperation Agency
Opinion
We have audited the accompanying financial statements of the general account of Japan International Cooperation Agency (the Agency), which comprise the balance sheet as at March 31, 2021, and the statements of administrative service operation cost, income, changes in net assets, and cash flows for the year then ended, and a summary of significant accounting policies and notes to the financial statements, and the accompanying supplementary schedules (except for the information described based on the financial statements and business reports relating to the associated public interest corporations).
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Agencys general account as at March 31, 2021, and its financial performance and its cash flows for the year then ended in accordance with accounting standards for incorporated administrative agencies generally accepted in Japan.
Basis for Opinion
We conducted our audit in accordance with auditing standards for incorporated administrative agencies generally accepted in Japan. Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Agency in accordance with the ethical requirements that are relevant to our audit of the financial statements in Japan, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. The basis includes the fact that no such fraud or error, or illegal acts, of the president, other executive officers or staff members that would result in material misstatement in the financial statements was found, to the extent that we conducted our audit. The audit we conducted is not intended to express an opinion on whether there was any fraud or error, or illegal acts, of the president, other executive officers or staff members, which would not result in material misstatement in the financial statements.
Responsibilities of President, the Agency Auditor for the Financial Statements
President is responsible for the preparation and fair presentation of these financial statements in accordance with accounting standards for incorporated administrative agencies generally accepted in Japan, and for such internal control as president determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, or illegal acts.
The Agency Auditor is responsible for overseeing the Agencys financial reporting process.
F-2
Table of Contents
Auditors Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, or illegal acts, and to issue an auditors report that includes our opinion. Misstatements can arise from fraud or error, or illegal acts, and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with auditing standards for incorporated administrative agencies generally accepted in Japan, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, or illegal acts, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. |
| Consider internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances for our risk assessments, while the purpose of the audit of the financial statements is not expressing an opinion on the effectiveness of the Agencys internal control. |
| Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by president. |
| Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation in accordance with accounting standards for incorporated administrative agencies generally accepted in Japan. |
| Plan and conduct audit with adequate attention being paid to the possibility that any fraud or error, or illegal acts, of the president, other executive officers or staff members may result in material misstatement in the financial statements. |
We communicate with the Agency Auditor regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide the Agency Auditor with a statement that we have complied with the ethical requirements regarding independence that are relevant to our audit of the financial statements in Japan, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Interest Required to Be Disclosed by the Certified Public Accountants Act of Japan
Our firm and its designated engagement partners do not have any interest in the Agency which is required to be disclosed pursuant to the provisions of the Certified Public Accountants Act of Japan.
F-3
Table of Contents
Ernst & Young ShinNihon LLC |
Tokyo, Japan |
June 18, 2021 |
/s/ Motoki Nagao |
Motoki Nagao |
Designated Engagement Partner |
Certified Public Accountant |
/s/ Takuya Kodama |
Takuya Kodama |
Designated Engagement Partner |
Certified Public Accountant |
/s/ Kazuya Hosono |
Kazuya Hosono |
Designated Engagement Partner |
Certified Public Accountant |
F-4
Table of Contents
(as of March 31, 2021)
(Unit: Yen) | ||||||||||||||||
Assets |
|
|||||||||||||||
I Current assets |
||||||||||||||||
Cash and deposits |
291,765,077,064 | |||||||||||||||
Inventories |
||||||||||||||||
Stored goods |
300,120,972 | |||||||||||||||
Payments for uncompleted contracted programs |
147,397,074 | 447,518,046 | ||||||||||||||
|
|
|||||||||||||||
Advance payments |
21,865,355,793 | |||||||||||||||
Prepaid expenses |
89,812,248 | |||||||||||||||
Accrued income |
334,006 | |||||||||||||||
Accounts receivable |
2,782,361,997 | |||||||||||||||
Contra-accounts for provision for bonuses* |
1,211,186,648 | |||||||||||||||
Short-term loans for development projects |
6,500,000 | |||||||||||||||
Short-term loans for emigration projects |
371,746 | |||||||||||||||
Allowance for loan losses |
(55,948) | 315,798 | ||||||||||||||
|
|
|||||||||||||||
Goods in transit |
33,175,976 | |||||||||||||||
Suspense payments |
248,426,805 | |||||||||||||||
Advance paid |
1,455,942 | |||||||||||||||
|
|
|||||||||||||||
Total current assets |
318,451,520,323 | |||||||||||||||
II Non-current assets |
||||||||||||||||
1 Tangible assets |
||||||||||||||||
Buildings |
42,814,784,300 | |||||||||||||||
Accumulated depreciation |
(20,362,949,464) | 22,451,834,836 | ||||||||||||||
Structures |
1,591,917,010 | |||||||||||||||
Accumulated depreciation |
(1,170,639,286) | 421,277,724 | ||||||||||||||
Machinery and equipment |
252,950,512 | |||||||||||||||
Accumulated depreciation |
(149,450,445) | 103,500,067 | ||||||||||||||
|
|
|||||||||||||||
Vehicles |
2,516,530,550 | |||||||||||||||
Accumulated depreciation |
(1,450,701,369) | 1,065,829,181 | ||||||||||||||
|
|
|||||||||||||||
Tools, furniture, and fixtures |
2,217,015,785 | |||||||||||||||
Accumulated depreciation |
(1,323,914,592) | 893,101,193 | ||||||||||||||
|
|
|||||||||||||||
Land |
14,177,935,458 | |||||||||||||||
Accumulated impairment losses |
(8,710,639) | 14,169,224,819 | ||||||||||||||
|
|
|||||||||||||||
Construction in progress |
992,905,703 | |||||||||||||||
|
|
|||||||||||||||
Total tangible assets |
40,097,673,523 | |||||||||||||||
2 Intangible assets |
||||||||||||||||
Trademark rights |
659,415 | |||||||||||||||
Telephone subscription rights |
1,786,900 | |||||||||||||||
Software |
3,484,895,347 | |||||||||||||||
Software in progress |
124,312,907 | |||||||||||||||
|
|
|||||||||||||||
Total intangible assets |
3,611,654,569 | |||||||||||||||
3 Investments and other assets |
||||||||||||||||
Long-term deposits |
218,000,000 | |||||||||||||||
Long-term loans for development projects |
65,000,000 | |||||||||||||||
Long-term loans for emigration projects |
9,433,269 | |||||||||||||||
Allowance for loan losses |
(7,940,606) | 1,492,663 | ||||||||||||||
|
|
|||||||||||||||
Claims probable in bankruptcy, claims probable in rehabilitation, and other pertaining to loans for emigration projects |
307,896,040 | |||||||||||||||
Allowance for loan losses |
(307,896,040) | 0 | ||||||||||||||
|
|
|||||||||||||||
Long-term prepaid expenses |
22,014,106 | |||||||||||||||
Expected amount to be granted from the national budget* |
25,034,395 | |||||||||||||||
Contra-accounts for provision for retirement benefits* |
13,617,585,263 | |||||||||||||||
Long-term guarantee deposits |
1,635,028,260 | |||||||||||||||
|
|
|||||||||||||||
Total investment and other assets |
15,584,154,687 | |||||||||||||||
|
|
|||||||||||||||
Total non-current assets |
59,293,482,779 | |||||||||||||||
|
|
|||||||||||||||
Total assets |
377,745,003,102 | |||||||||||||||
|
|
F-5
Table of Contents
Balance Sheet (Continued)
(as of March 31, 2021)
Liabilities |
||||||||||||
I Current liabilities |
||||||||||||
Operational grant liabilities* |
86,927,336,617 | |||||||||||
Funds for grant aid |
196,150,196,496 | |||||||||||
Donations received* |
366,071,349 | |||||||||||
Accounts payable |
17,383,037,923 | |||||||||||
Accrued expenses |
241,597,210 | |||||||||||
Lease obligations |
97,891,884 | |||||||||||
Advance payments received |
421,932,382 | |||||||||||
Deposits received |
154,753,573 | |||||||||||
Unearned revenue |
403,700 | |||||||||||
Provision for bonuses |
1,211,186,648 | |||||||||||
|
|
|||||||||||
Total current liabilities |
302,954,407,782 | |||||||||||
II Non-current liabilities |
||||||||||||
Contra-accounts for assets* |
7,791,329,600 | |||||||||||
Long-term lease obligations |
101,182,275 | |||||||||||
Long-term deposits received |
340,247 | |||||||||||
Provision for retirement benefits |
13,617,585,263 | |||||||||||
Assets retirement obligations |
401,053,484 | |||||||||||
|
|
|||||||||||
Total non-current liabilities |
21,911,490,869 | |||||||||||
|
|
|||||||||||
Total liabilities |
324,865,898,651 | |||||||||||
Net assets |
||||||||||||
I Capital |
||||||||||||
Government investment |
62,452,442,661 | |||||||||||
|
|
|||||||||||
Total capital |
62,452,442,661 | |||||||||||
II Capital surplus |
||||||||||||
Capital surplus |
6,635,254,987 | |||||||||||
Accumulated other administrative service operation costs* |
||||||||||||
Accumulated depreciation not included in expenses* |
(21,040,922,274) | |||||||||||
Accumulated impairment losses not included in expenses* |
(10,201,839) | |||||||||||
Accumulated interest expenses not included in expenses* |
(7,184,040) | |||||||||||
Accumulated disposal and sale differential not included in expenses* |
(8,740,003,351) | |||||||||||
|
|
|||||||||||
Total capital surplus |
(23,163,056,517) | |||||||||||
III Retained earnings |
||||||||||||
Reserve fund carried over from the previous Mid-term Objective period* |
1,381,863,754 | |||||||||||
Reserve fund |
10,592,406,721 | |||||||||||
Unappropriated income for the current fiscal year |
1,615,447,832 | |||||||||||
|
|
|||||||||||
[Total income for the current fiscal year] |
(1,615,447,832) | |||||||||||
Total retained earnings |
13,589,718,307 | |||||||||||
|
|
|||||||||||
Total net assets |
52,879,104,451 | |||||||||||
|
|
|||||||||||
Total liabilities and net assets |
377,745,003,102 | |||||||||||
|
|
* | Accounts prepared in accordance with special accounting practices of incorporated administrative agencies. |
F-6
Table of Contents
Statement of Administrative Service Operation Cost
(April 1, 2020 March 31, 2021)
General Account
(Unit: Yen) | ||||||||||
I |
Expenses in the statement of income |
|||||||||
Operating expenses |
153,726,116,039 | |||||||||
General administrative expenses |
9,184,713,111 | |||||||||
Financial expenses |
85,402,172 | |||||||||
Specific purpose expenses |
13,458,900 | |||||||||
Miscellaneous losses |
204,422 | |||||||||
Extraordinary losses |
28,915,620 | |||||||||
|
|
|
||||||||
Total expenses in the statement of income |
163,038,810,264 | |||||||||
II |
Other administrative service operation costs |
|||||||||
Depreciation not included in expenses* |
1,090,579,469 | |||||||||
Impairment losses not included in expenses* |
6,667,210 | |||||||||
Interest expenses not included in expenses* |
(4,997 | ) | ||||||||
Disposal and sale differential not included in expenses* |
109,573,337 | |||||||||
|
|
|
||||||||
Total other administrative service operation costs |
1,206,815,019 | |||||||||
|
|
| ||||||||
III |
Administrative service operation cost |
164,245,625,283 | ||||||||
|
|
|
* | Accounts prepared in accordance with special accounting practices of incorporated administrative agencies. |
F-7
Table of Contents
(April 1, 2020 March 31, 2021)
General Account
(Unit: Yen) | ||||||||||||
Ordinary expenses |
||||||||||||
Operating expenses |
||||||||||||
Expenses for priority sectors and regions |
49,331,972,617 | |||||||||||
Expenses for private sector partnership |
1,890,544,753 | |||||||||||
Expenses for domestic partnership |
8,802,604,852 | |||||||||||
Expenses for other operations |
2,935,140,656 | |||||||||||
Expenses for indirect operations |
36,752,401,482 | |||||||||||
Expenses for grant aid |
52,396,746,425 | |||||||||||
Expenses for facilities |
63,890,207 | |||||||||||
Expenses for contracted programs |
6,058,390 | |||||||||||
Expenses for donation projects |
12,182,150 | |||||||||||
Depreciation |
1,534,574,507 | 153,726,116,039 | ||||||||||
|
|
|
||||||||||
General administrative expenses |
9,184,713,111 | |||||||||||
Financial expenses |
||||||||||||
Foreign exchange losses |
85,402,172 | 85,402,172 | ||||||||||
|
|
|
||||||||||
Specific purpose expenses |
13,458,900 | |||||||||||
Miscellaneous losses |
204,422 | |||||||||||
|
|
|
||||||||||
Total ordinary expenses |
163,009,894,644 | |||||||||||
Ordinary revenues |
||||||||||||
Revenues from operational grants* |
105,703,317,116 | |||||||||||
Revenues from grant aid |
52,396,746,425 | |||||||||||
Revenues from contracted programs |
||||||||||||
Revenues from contracted programs from Japanese government and local governments |
6,058,390 | 6,058,390 | ||||||||||
|
|
|
||||||||||
Revenues from interest on development projects |
188,752 | |||||||||||
Revenues from emigration projects |
234,126 | |||||||||||
Revenues from subsidy for facilities* |
38,855,812 | |||||||||||
Revenues from expected amount to be granted from the national budget* |
25,034,395 | |||||||||||
Donations* |
12,182,150 | |||||||||||
Reversal of allowance for loan losses |
1,981,817 | |||||||||||
Revenues from contra-accounts for provision for bonuses* |
1,211,186,648 | |||||||||||
Revenues from contra-accounts for provision for retirement benefits* |
10,806,281 | |||||||||||
Reversal of contra-accounts for assets* |
1,599,018,968 | |||||||||||
Financial revenues |
||||||||||||
Interest income |
5,053,292 | 5,053,292 | ||||||||||
|
|
|
|
|
|
|||||||
Miscellaneous income |
2,631,024,449 | |||||||||||
|
|
|
||||||||||
Total ordinary revenues |
163,641,688,621 | |||||||||||
|
|
| ||||||||||
Ordinary income |
631,793,977 | |||||||||||
Extraordinary losses |
||||||||||||
Loss on disposal of non-current assets |
25,679,175 | |||||||||||
Loss on sales of non-current assets |
3,236,445 | 28,915,620 | ||||||||||
|
|
|
||||||||||
Extraordinary income |
||||||||||||
Gain on sales of non-current assets |
11,166,395 | 11,166,395 | ||||||||||
|
|
|
||||||||||
Net income |
614,044,752 | |||||||||||
|
|
| ||||||||||
Reversal of reserve fund carried over from the previous Mid-term Objective period* |
1,001,403,080 | |||||||||||
|
|
| ||||||||||
Total income for the current fiscal year |
1,615,447,832 | |||||||||||
|
|
|
* Accounts prepared in accordance with special accounting practices of incorporated administrative agencies.
F-8
Table of Contents
Statement of Changes in Net Assets
(April 1, 2020-March 31, 2021)
General Account |
(Unit: Yen) |
I Capital | II Capital surplus |
III Retained earnings (Loss carried forward ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Government investment |
Total capital | Capital surplus |
Accumulated other administrative service operation cost | Total capital surplus |
Reserve fund carried over from the previous Mid-term Objective period |
Reserve fund | Total retained earnings (Loss carried forward) |
Total net assets | ||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated depreciation not included in expenses |
Accumulated impairment losses not included in expenses |
Accumulated interest expenses not included in expenses |
Accumulated disposal and sale differential not included in expenses |
Unappropriated income for the current fiscal year (Unappropriated loss for the current fiscal year) |
Total income for the current fiscal year (Total loss for the current fiscal year) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
Balance at the beginning of the fiscal year |
62,452,442,661 | 62,452,442,661 | 6,149,602,519 | (21,029,534,058 | ) | (537,303,803 | ) | (7,189,037 | ) | (7,017,469,587 | ) | (22,441,893,966 | ) | 2,415,736,764 | 7,471,586,861 | 3,120,819,860 | | 13,008,143,485 | 53,018,692,180 | |||||||||||||||||||||||||||||||||||||
Changes during the period |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Changes in capital during the |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
II Changes in capital surplus during |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase of non-current assets |
485,652,468 | 485,652,468 | (32,469,930 | ) | 485,652,468 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Sale and retirement of non-current assets |
1,079,191,253 | 533,769,174 | (1,722,533,764 | ) | (109,573,337 | ) | (109,573,337 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Depreciation |
(1,090,579,469 | ) | (1,090,579,469 | ) | (32,469,930 | ) | (1,123,049,399 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Impairment of fixed assets |
(6,667,210 | ) | (6,667,210 | ) | (6,667,210 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Increase in asset retirement |
4,997 | 4,997 | 4,997 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
III Changes in retained earnings (loss |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(1) Appropriation of income or |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Increase in reserve fund |
3,120,819,860 | (3,120,819,860 | ) | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
(2) Others |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (Net loss) |
614,044,752 | 614,044,752 | 614,044,752 | 614,044,752 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Reversal of reserve fund |
(1,001,403,080 | ) | 1,001,403,080 | 1,001,403,080 | | | ||||||||||||||||||||||||||||||||||||||||||||||||||
Total changes during the period |
| | 485,652,468 | (11,388,216 | ) | 527,101,964 | 4,997 | (1,722,533,764 | ) | (721,162,551 | ) | (1,033,873,010 | ) | 3,120,819,860 | (1,505,372,028 | ) | 1,615,447,832 | 581,574,822 | (139,587,729 | ) | ||||||||||||||||||||||||||||||||||||
Balance at the end of the fiscal year |
62,452,442,661 | 62,452,442,661 | 6,635,254,987 | (21,040,922,274 | ) | (10,201,839 | ) | (7,184,040 | ) | (8,740,003,351 | ) | (23,163,056,517 | ) | 1,381,863,754 | 10,592,406,721 | 1,615,447,832 | 1,615,447,832 | 13,589,718,307 | 52,879,104,451 |
F-9
Table of Contents
(April 1, 2020 March 31, 2021)
General Account
(Unit: Yen) | ||||
I. Cash flows from operating activities |
||||
Payments of operating expenses |
(97,498,312,524) | |||
Payments for grant aid |
(52,353,174,894) | |||
Payments for contracted programs |
(65,579,402) | |||
Payments of personnel expenses |
(16,994,964,397) | |||
Payments of specific purpose expenses |
(27,897,975) | |||
Payments for other operations |
(296,409,654) | |||
Proceeds from operational grants |
156,024,774,000 | |||
Proceeds from grant aid |
73,442,855,570 | |||
Proceeds from contracted programs |
33,400,989 | |||
Proceeds from interest on loans |
441,430 | |||
Proceeds from donations |
46,344,714 | |||
Proceeds from other operations |
3,722,611,980 | |||
|
|
|||
Subtotal |
66,034,089,837 | |||
Interest income received |
5,056,819 | |||
Payments to National Treasury |
(3,684,243,507) | |||
|
|
|||
Net cash provided by operating activities |
62,354,903,149 | |||
II. Cash flows from investing activities |
||||
Payments for purchase of non-current assets |
(3,769,247,177) | |||
Proceeds from sales of non-current assets |
248,870,644 | |||
Proceeds from subsidy for facilities |
833,798,472 | |||
Proceeds from collection of loans |
20,225,535 | |||
Payments into time deposits |
(54,000,000,000) | |||
Proceeds from time deposit refund |
54,000,000,000 | |||
Payments into long-term deposits |
(2,000,000) | |||
|
|
|||
Net cash used in investing activities |
(2,668,352,526) | |||
III. Cash flows from financing activities |
||||
Repayments of lease obligations |
(99,160,145) | |||
Payments to National Treasury for unnecessary property |
(218,296,000) | |||
|
|
|||
Net cash used in financing activities |
(317,456,145) | |||
IV. Effect of exchange rate changes on funds |
(89,125,889) | |||
V. Net increase (decrease) in funds |
59,279,968,589 | |||
VI. Funds at the beginning of the fiscal year |
226,485,108,475 | |||
|
|
|||
VII. Funds at the end of the fiscal year |
285,765,077,064 | |||
|
|
F-10
Table of Contents
Basis of Presenting Financial Statements
The accompanying financial statements of JICA have been prepared in accordance with accounting principles for incorporated administrative agencies generally accepted in Japan, which are different in many respects as to application and disclosure requirements of accounting principles for business enterprises generally accepted in Japan.
Significant Accounting Policies
General Account
Effective the year ended March 31, 2021, JICA adopted the Accounting Standards for Incorporated Administrative Agencies and Notes to Accounting Standards for Incorporated Administrative Agencies (February 16, 2000 (Revised March 26, 2020), and the Q&A on Accounting Standards for Incorporated Administrative Agencies and Notes to Accounting Standards for Incorporated Administrative Agencies (August 2000 (Last revised June 2020)).
1. Revenue recognition method of operational grants
Revenue from operational grants is recognized based on the level of operational achievement.
The revenue recognition method based on term is applied for administrative operations except the operations which have been specified as having a direct correlation between the operational achievement and operational grants.
The revenue from disaster relief operations, which are relief operations for unexpected disasters during the period, is recognized as the related expenses are incurred, since it is difficult to estimate the budget and terms, and specify a correlation between the operational achievement and operational grants.
2. Depreciation method
(1) Tangible assets (except for lease assets)
Straight-line method
The useful lives of major assets are as follows:
Buildings: |
150 years | |||
Structures: |
142 years | |||
Machinery and equipment: |
117 years | |||
Vehicles: |
26 years | |||
Tools, furniture, and fixtures: |
115 years |
The estimated depreciation costs for specific depreciable assets (Accounting Standards for Incorporated Administrative Agencies No. 87) and specific removal costs, etc., associated with asset retirement obligations (Accounting Standards for Incorporated Administrative Agencies No. 91) are indirectly deducted from capital surplus and reported as Accumulated depreciation not included in expenses.
(2) Intangible assets (except for lease assets)
Straight-line method
Software used by JICA is depreciated over its useful life (5 years).
(3) Lease assets
Lease assets are depreciated by the straight-line method over the lease term. Depreciation for lease assets is calculated with zero residual value being assigned to the asset.
F-11
Table of Contents
3. Provision for bonuses
The provision for bonuses is calculated and provided for based on estimated amounts of future payments attributable to the services that have been rendered by officers and employees applicable to the current fiscal year. Contra-accounts for provision for bonuses are equally accrued since the financial source is secured by operational grants.
4. Provision for retirement benefits
The provision for retirement benefits is calculated and provided for based on estimated amounts of future payments attributable to the retirement of employees, and is accrued in line with the retirement benefit obligations and estimated plan assets applicable to the fiscal year ended March 31, 2021. In calculating the retirement benefit obligations, the estimated amount of retirement benefit payments is attributed to the period based on the straight-line basis. The profit and loss appropriation method for actuarial differences and past service costs is as follows:
Actuarial differences are recognized as a lump-sum gain or loss in the fiscal year in which they occur.
Past service costs are recognized as a lump-sum gain or loss in the fiscal year in which they occur.
The financial source for lump-sum severance indemnities is secured by operational grants. The estimated amount of retirement benefits are reported as Provision for retirement benefits and Contra-accounts for provision for retirement benefits. Therefore an equal amount is accrued for both accounts. The financial source for defined benefit corporate pension plan insurance fees and reserve shortfall is secured by operational grants. Therefore an equal amount of Provision for retirement benefits is accrued as Contra-accounts for provision for retirement benefits.
5. Basis and standard for the accrual of allowance and loss contingencies
Allowance for loan losses
To provide for loan losses, JICA records the estimated amount of default as an allowance, taking into account the transition rate to delinquent loans for the ordinary loans. For doubtful loans, collectability is individually taken into consideration and the estimated amount of default is recorded as an allowance.
6. Standard and method for the valuation of inventories
Stored goods
Stored goods valuation is based on the lower of cost or market using the first-in, first-out (FIFO) method.
7. Translation standard for foreign currency-denominated assets and liabilities into yen
Foreign currency monetary claims and liabilities are translated into Japanese yen at the spot exchange rate at the balance sheet date. Exchange differences are recognized in profit or loss.
F-12
Table of Contents
8. Standard for expected amount to be granted from the national budget
For the expenses related to facilities for which JICA receives a subsidy, the expected amount to be granted from the national budget in the upcoming fiscal years is reported as asset and revenue according to Accounting Standards for Incorporated Administrative Agencies No.84.
9. Accounting treatment for consumption taxes
Consumption taxes and local consumption taxes are included in transaction amounts.
F-13
Table of Contents
Notes to the financial statements
General Account
(Balance Sheet)
1. Donated funds for grant aid
Grant aid is received in the form of donated funds from the government of Japan. JICA administers this grant aid based on grant agreements with the government of the recipient country. At the end of the fiscal year 2020, the outstanding balance of unexecuted grant agreements stood at ¥294,009,554,997.
2. Assets acquired through the investment from the government to Incorporated Administrative Agency
Of accumulated other administrative service operation cost, the amount of assets acquired through the investment from the government is ¥23,054,946,901.
(Statement of Administrative Service Operation Cost)
1. | Cost being borne by the public for the operation of Incorporated Administrative Agency |
Administrative service operation cost |
¥164,245,625,283 | |||
Self-revenues, etc. |
¥(2,667,889,371) | |||
Opportunity cost |
¥63,950,904 | |||
|
||||
Cost being borne by the public for the operation of Incorporated |
¥161,641,686,816 |
2. | Method for computing opportunity cost |
(1) Interest rate used to compute opportunity cost concerning government investment
0.120% with reference to the yield of 10-year fixed-rate Japanese government bonds at March 31, 2021.
(2) Method for computing opportunity cost for public officers temporarily transferred to JICA
Of the estimated increase in retirement allowance during service rendered in JICA, costs are calculated in accordance with JICAs internal rules.
(Statement of Income)
Expenses for indirect operations under Operating expenses were presented as Expenses for operation support in the Statement of Income for the previous fiscal year. This change in the account title is due to changes in the names of Budget Account.
F-14
Table of Contents
(Statement of Cash Flows)
The funds shown in the statement of cash flows consist of cash, deposit accounts, and checking accounts.
1. Breakdown of balance sheet items and ending balance of funds
(as of March 31, 2021)
Cash and deposits |
¥291,765,077,064 | |||
Time deposits |
¥(6,000,000,000) | |||
|
||||
Ending balance of funds |
¥285,765,077,064 |
2. Description of significant non-cash transactions
(1) Assets acquired under finance leases
Tools, furniture, and fixtures |
¥ | 40,930,666 | ||||||
Construction in progress |
¥ | 2,695,000 |
(2) Additional asset retirement obligations
Additional asset retirement obligations were recorded in the current fiscal year.
As a result, the increase in assets and liabilities is as follows:
Buildings |
¥ | 124,932,631 | ||||||
Asset retirement obligations |
¥ | 124,932,631 |
(Financial Instruments)
1. Status of financial instruments
The General Accounts fund management is limited to short-term deposits and public and corporate bonds while fund-raising consists mainly of operational grants approved by the competent minister. The General Account does not borrow from the government fund for Fiscal Investment and Loan Program (FILP), nor does it borrow funds from financial institutions or issue FILP Agency Bonds.
2. Fair value of financial instruments
Balance sheet amount, fair value, and difference at the balance sheet date are as follows:
(Unit: Yen) | ||||||
Balance sheet amount | Fair value | Difference | ||||
(1) Cash and deposits |
291,765,077,064 | 291,765,077,064 | 0 | |||
(2) Accounts payable |
(17,383,037,923) | (17,383,037,923) | 0 |
*Liabilities are shown in parentheses ( ).
(Note) Calculation method for fair value of financial instruments and matters concerning accounts payable
[1] Cash and deposits
Cash and deposits are valued at book value because fair value approximates book value since these items are settled in a short period of time.
[2] Accounts payable
Accounts payable are valued at book value because fair value approximates book value since these items are settled in a short period of time.
(Retirement benefits)
1. Overview of retirement benefit plans
To provide retirement benefits for employees, JICA has a defined benefit pension plan comprised of a defined benefit corporate pension plan and a lump-sum severance indemnity plan, and a defined contribution plan comprised of a defined contribution pension plan.
F-15
Table of Contents
2. Defined benefit pension plan
(1) The changes in the retirement benefit obligation are as follows:
(Unit: Yen) | ||||
Retirement benefit obligation at the beginning of the fiscal year |
23,029,242,142 | |||
|
||||
Current service cost |
969,073,055 | |||
Interest cost |
119,063,809 | |||
Actuarial differences |
351,988,671 | |||
Retirement benefit paid |
(1,335,618,886 | ) | ||
Past service cost |
0 | |||
Contribution by employees |
57,767,232 | |||
|
||||
Retirement benefit obligation at the end of the fiscal year |
23,191,516,023 | |||
|
(2) The changes in the plan assets are as follows:
(Unit: Yen) | ||||
Plan assets at the beginning of the fiscal year |
8,047,386,231 | |||
|
||||
Expected return on plan assets |
160,947,725 | |||
Actuarial differences |
1,268,371,529 | |||
Contribution by the company |
388,010,084 | |||
Retirement benefit paid |
(348,552,041 | ) | ||
Contribution by employees |
57,767,232 | |||
|
||||
Plan assets at the end of the fiscal year |
9,573,930,760 | |||
|
(3) | Reconciliation of the retirement benefit obligations and plan assets and provision for retirement benefits and prepaid pension expenses in the balance sheets |
(Unit: Yen) | ||||
Funded retirement benefit obligation |
10,168,830,437 | |||
Plan assets |
(9,573,930,760 | ) | ||
|
||||
Unfunded benefit obligations of funded pension plan |
594,899,677 | |||
Unfunded benefit obligations of unfunded pension plan |
13,022,685,586 | |||
|
||||
Subtotal |
13,617,585,263 | |||
Unrecognized actuarial differences |
0 | |||
Unrecognized past service cost |
0 | |||
|
||||
Net amount of assets and liabilities in the balance sheets |
13,617,585,263 | |||
|
||||
Provision for retirement benefits |
13,617,585,263 | |||
Prepaid pension expenses |
0 | |||
|
||||
Net amount of assets and liabilities in the balance sheets |
13,617,585,263 | |||
|
(4) Components of retirement benefit expenses
(Unit: Yen) | ||||
Current service cost |
969,073,055 | |||
Interest cost |
119,063,809 | |||
Expected return on plan assets |
(160,947,725 | ) | ||
Realized actuarial differences |
(916,382,858 | ) | ||
Amortization of past service cost |
0 | |||
Extraordinary additional retirement payments |
0 | |||
|
||||
Total |
10,806,281 | |||
|
(5) Major components of plan assets
Percentages of components to the total are as follows:
Bonds |
28 | % | ||
Stocks |
44 | % | ||
General account of life insurance company |
17 | % | ||
Others |
11 | % | ||
|
||||
Total |
100 | % | ||
|
F-16
Table of Contents
(6) Method of determining the long-term expected rate of return on plan assets
The long-term expected rate of return on plan assets is determined based on components of plan assets, the actual historical returns, and market condition, etc.
(7) Assumptions used
Principal assumptions used in actuarial calculations at the end of the fiscal year
Discount rate |
Defined benefit corporate pension plan | 0.23 | % | |||
Retirement benefits | 0.74 | % | ||||
Long-term expected rate of return on plan assets |
2.00 | % |
3. Defined contribution plan
The amount of contribution required to be made to the defined contribution plan is ¥44,070,037.
(Lease transactions)
1. Future minimum lease payments related to operating lease transactions
Future minimum lease payments due within one year of the balance sheet date | ¥ | 16,627,751 | ||
Future minimum lease payments corresponding to periods more than one year from the balance sheet date | ¥ | 8,262,000 |
2. The impact of the finance lease transactions on the profit or loss in the current fiscal year was ¥(456,465). Total income for the current fiscal year after the deduction of this amount was ¥1,615,904,297.
(Asset retirement obligations)
1. Overview of asset retirement obligations
In accordance with a building lease agreement, JICA has the obligation to restore the head office building to its original state. Restoration costs are reasonably estimated and recognized as asset retirement obligations.
2. Amount and calculation method of asset retirement obligations
The estimate for the asset retirement obligations assumes a five-year lease period for the projected period of use and a discount rate between (0.048)% and 0.529%.
3. Changes in the total amount of asset retirement obligations in the current fiscal year
(Unit: Yen) | ||||
Balance at the beginning of the fiscal year |
276,125,850 | |||
Increase related to acquisition of tangible assets |
124,932,631 | |||
Adjustment resulting from passage of time |
(4,997 | ) | ||
Decrease due to settlement of asset retirement obligations |
| |||
Balance at the end of the fiscal year |
401,053,484 |
F-17
Table of Contents
(Payments to the National Treasury for unnecessary property, etc.)
Summary of the payments to the National Treasury for unnecessary property in the current fiscal year is as follows:
Regarding the transfer of employee housing, Accounting Standards for Incorporated Administrative Agencies No.99 is applied for profit or loss arising from transfer transactions designated as Transfer transactions whose profit or loss shall not be included in the Statement of Income as per Article 13-2 of the Ordinance of the Ministry for the Operations, Finances, and Accounting of the Japan International Cooperation Agency (Ordinance of Ministry of Foreign Affairs No. 22 of September 30, 2003 (Last revised March 29, 2019)) . Such profit or loss is not recorded in Statement of Income and is recorded as adjustment to capital surplus.
Employee housing
Summary of type, book value, etc., of the assets that were transferred as unnecessary property
① |
Type of assets |
Buildings, Structures, Land | ||||
② |
Name of property |
Soubudai employee housing | ||||
③ |
Book value |
(1) Acquisition cost | ¥1,060,014,102 | |||
(2) Depreciation | ¥378,771,545 | |||||
(3) Impairment loss | ¥527,508,104 | |||||
(4) Book value | ¥153,734,453 | |||||
④ |
Reasons for which the property became unnecessary | It was decided in the Mid-term Plan that Soubudai employee housing shall be transferred by the end of fiscal year 2020 and within the amount of income arising from the property transfer, the amount calculated in accordance with the standards established by the competent Minister is to be paid to the National Treasury. | ||||
⑤ |
Method of payment to the National Treasury | Payments corresponding to capital gains from property transfer pursuant to Paragraph 2 of Article 46-2 of the Act on General Rules for Incorporated Administrative Agencies. | ||||
⑥ |
Amount of capital gains from transfer of property (excluding tax) | ¥218,296,000 | ||||
⑦ |
Amount and date of payment to the National Treasury |
Amount of payment to the National Treasury | ||||
¥218,296,000 | ||||||
Date of payment | March 26, 2021 | |||||
⑧ |
Amount of capital reduction |
¥1,052,223,102 | ||||
⑨ |
Note |
Capital reduction was carried out on April 9, 2021. |
(Significant contractual liabilities)
N/A
(Significant subsequent events)
N/A
F-18
Table of Contents
The Accompanying Supplementary Schedules
General Account
(1) | Details of acquisition and disposal of non-current assets, depreciation (including depreciation not included in expenses, in accordance with No. 87, Accounting for the Depreciation of Specific Depreciable Assets and No. 91, Accounting for Specific Removal Costs, etc., associated with Asset Retirement Obligations), and accumulated impairment losses |
(Unit: Yen) | ||||||||||||||||||||||||||||||||||||||||||
Type |
Balance at the beginning of the |
Increase during the period |
Decrease during the period |
Balance at the end of the period |
Accumulated depreciation
|
Accumulated impairment losses
|
Net assets at the end of the period |
Remarks | ||||||||||||||||||||||||||||||||||
Depreciation period |
Impairment losses during the period |
|||||||||||||||||||||||||||||||||||||||||
Tangible assets (Depreciation included in expenses) |
Buildings | 2,462,774,648 | 349,976,688 | 35,781,542 | 2,776,969,794 | 831,756,348 | 156,704,059 | 0 | 50,400 | 1,945,213,446 | ||||||||||||||||||||||||||||||||
Structures | 198,349,146 | 16,852,883 | 3,322,760 | 211,879,269 | 90,624,450 | 15,538,987 | 0 | 355,740 | 121,254,819 | |||||||||||||||||||||||||||||||||
Machinery and equipment | 191,734,127 | 6,271,751 | 0 | 198,005,878 | 101,434,173 | 19,650,630 | 0 | 0 | 96,571,705 | |||||||||||||||||||||||||||||||||
Vehicles | 1,988,470,093 | 173,578,256 | 100,164,152 | 2,061,884,197 | 1,302,109,065 | 174,556,345 | 0 | 0 | 759,775,132 | |||||||||||||||||||||||||||||||||
Tools, furniture, and fixtures | 1,772,663,362 | 217,728,631 | 158,423,522 | 1,831,968,471 | 1,127,985,929 | 199,099,193 | 0 | 0 | 703,982,542 | |||||||||||||||||||||||||||||||||
Total | 6,613,991,376 | 764,408,209 | 297,691,976 | 7,080,707,609 | 3,453,909,965 | 565,549,214 | 0 | 406,140 | 3,626,797,644 | |||||||||||||||||||||||||||||||||
Tangible assets (Depreciation not included in expenses) |
Buildings | 39,738,906,488 | 1,895,198,387 | 1,596,290,369 | 40,037,814,506 | 19,531,193,116 | 1,000,315,294 | 0 | 450,510,779 | 20,506,621,390 | ||||||||||||||||||||||||||||||||
Structures | 1,431,994,240 | 0 | 51,956,499 | 1,380,037,741 | 1,080,014,836 | 25,582,840 | 0 | 10,173,847 | 300,022,905 | |||||||||||||||||||||||||||||||||
Machinery and equipment | 58,295,195 | 0 | 3,350,561 | 54,944,634 | 48,016,272 | 286,780 | 0 | 0 | 6,928,362 | |||||||||||||||||||||||||||||||||
Vehicles | 426,756,877 | 32,469,930 | 4,580,454 | 454,646,353 | 148,592,304 | 64,394,555 | 0 | 0 | 306,054,049 | |||||||||||||||||||||||||||||||||
Tools, furniture, and fixtures | 461,685,796 | 0 | 76,638,482 | 385,047,314 | 195,928,663 | 0 | 0 | 6,667,210 | 189,118,651 | |||||||||||||||||||||||||||||||||
Total | 42,117,638,596 | 1,927,668,317 | 1,732,816,365 | 42,312,490,548 | 21,003,745,191 | 1,090,579,469 | 0 | 467,351,836 | 21,308,745,357 | |||||||||||||||||||||||||||||||||
Tangible assets (Non-depreciable assets) |
Land | 14,398,036,458 | 0 | 220,101,000 | 14,177,935,458 | 0 | 0 | 8,710,639 | 66,417,338 | 14,169,224,819 | ||||||||||||||||||||||||||||||||
Construction in progress | 198,838,753 | 938,823,724 | 144,756,774 | 992,905,703 | 0 | 0 | 0 | 0 | 992,905,703 | |||||||||||||||||||||||||||||||||
Total | 14,596,875,211 | 938,823,724 | 364,857,774 | 15,170,841,161 | 0 | 0 | 8,710,639 | 66,417,338 | 15,162,130,522 | |||||||||||||||||||||||||||||||||
Total tangible assets |
Buildings | 42,201,681,136 | 2,245,175,075 | 1,632,071,911 | 42,814,784,300 | 20,362,949,464 | 1,157,019,353 | 0 | 450,561,179 | 22,451,834,836 | ||||||||||||||||||||||||||||||||
Structures | 1,630,343,386 | 16,852,883 | 55,279,259 | 1,591,917,010 | 1,170,639,286 | 41,121,827 | 0 | 10,529,587 | 421,277,724 | |||||||||||||||||||||||||||||||||
Machinery and equipment | 250,029,322 | 6,271,751 | 3,350,561 | 252,950,512 | 149,450,445 | 19,937,410 | 0 | 0 | 103,500,067 | |||||||||||||||||||||||||||||||||
Vehicles | 2,415,226,970 | 206,048,186 | 104,744,606 | 2,516,530,550 | 1,450,701,369 | 238,950,900 | 0 | 0 | 1,065,829,181 | |||||||||||||||||||||||||||||||||
Tools, furniture, and fixtures | 2,234,349,158 | 217,728,631 | 235,062,004 | 2,217,015,785 | 1,323,914,592 | 199,099,193 | 0 | 6,667,210 | 893,101,193 | |||||||||||||||||||||||||||||||||
Land | 14,398,036,458 | 0 | 220,101,000 | 14,177,935,458 | 0 | 0 | 8,710,639 | 66,417,338 | 14,169,224,819 | |||||||||||||||||||||||||||||||||
Construction in progress | 198,838,753 | 938,823,724 | 144,756,774 | 992,905,703 | 0 | 0 | 0 | 0 | 992,905,703 | |||||||||||||||||||||||||||||||||
Total | 63,328,505,183 | 3,630,900,250 | 2,395,366,115 | 64,564,039,318 | 24,457,655,156 | 1,656,128,683 | 8,710,639 | 534,175,314 | 40,097,673,523 | |||||||||||||||||||||||||||||||||
Intangible assets (Depreciation included in expenses) |
Trademark rights | 7,444,573 | 0 | 0 | 7,444,573 | 6,785,158 | 239,785 | 0 | 0 | 659,415 | ||||||||||||||||||||||||||||||||
Software | 4,575,005,919 | 632,295,612 | 0 | 5,207,301,531 | 1,722,406,184 | 968,785,508 | 0 | 0 | 3,484,895,347 | |||||||||||||||||||||||||||||||||
Total | 4,582,450,492 | 632,295,612 | 0 | 5,214,746,104 | 1,729,191,342 | 969,025,293 | 0 | 0 | 3,485,554,762 | |||||||||||||||||||||||||||||||||
Intangible assets (Depreciation not included in expenses) | Trademark rights | 1,139,550 | 0 | 0 | 1,139,550 | 1,139,550 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||
Total | 1,139,550 | 0 | 0 | 1,139,550 | 1,139,550 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||
Intangible assets (Non-depreciable assets) |
Telephone subscription rights | 3,278,100 | 0 | 0 | 3,278,100 | 0 | 0 | 1,491,200 | 0 | 1,786,900 | ||||||||||||||||||||||||||||||||
Software in progress | 248,168,895 | 98,456,636 | 222,312,624 | 124,312,907 | 0 | 0 | 0 | 0 | 124,312,907 | |||||||||||||||||||||||||||||||||
Total | 251,446,995 | 98,456,636 | 222,312,624 | 127,591,007 | 0 | 0 | 1,491,200 | 0 | 126,099,807 | |||||||||||||||||||||||||||||||||
Total intangible assets |
Trademark rights | 8,584,123 | 0 | 0 | 8,584,123 | 7,924,708 | 239,785 | 0 | 0 | 659,415 | ||||||||||||||||||||||||||||||||
Telephone subscription rights | 3,278,100 | 0 | 0 | 3,278,100 | 0 | 0 | 1,491,200 | 0 | 1,786,900 | |||||||||||||||||||||||||||||||||
Software | 4,575,005,919 | 632,295,612 | 0 | 5,207,301,531 | 1,722,406,184 | 968,785,508 | 0 | 0 | 3,484,895,347 | |||||||||||||||||||||||||||||||||
Software in progress | 248,168,895 | 98,456,636 | 222,312,624 | 124,312,907 | 0 | 0 | 0 | 0 | 124,312,907 | |||||||||||||||||||||||||||||||||
Total | 4,835,037,037 | 730,752,248 | 222,312,624 | 5,343,476,661 | 1,730,330,892 | 969,025,293 | 1,491,200 | 0 | 3,611,654,569 | |||||||||||||||||||||||||||||||||
Investments and other assets |
Long-term deposits | 216,000,000 | 2,000,000 | 0 | 218,000,000 | 0 | 0 | 0 | 0 | 218,000,000 | ||||||||||||||||||||||||||||||||
Long-term loans for development projects | 71,500,000 | 0 | 6,500,000 | 65,000,000 | 0 | 0 | 0 | 0 | 65,000,000 | |||||||||||||||||||||||||||||||||
Long-term loans for emigration projects | 12,494,246 | 1,968,376 | 5,029,353 | 9,433,269 | 0 | 0 | 0 | 0 | 9,433,269 | |||||||||||||||||||||||||||||||||
Allowance for loan losses (non-current) | (12,231,456 | ) | (7,940,606 | ) | (12,231,456 | ) | (7,940,606 | ) | 0 | 0 | 0 | 0 | (7,940,606 | ) | ||||||||||||||||||||||||||||
Claims probable in bankruptcy, claims probable in rehabilitation, and other pertaining to loans for emigration projects | 305,462,858 | 4,782,459 | 2,349,277 | 307,896,040 | 0 | 0 | 0 | 0 | 307,896,040 | |||||||||||||||||||||||||||||||||
Allowance for loan losses (non-current) | (305,462,858 | ) | (307,896,040 | ) | (305,462,858 | ) | (307,896,040 | ) | 0 | 0 | 0 | 0 | (307,896,040 | ) | ||||||||||||||||||||||||||||
Long-term prepaid expenses | 5,906,653 | 21,173,649 | 5,066,196 | 22,014,106 | 0 | 0 | 0 | 0 | 22,014,106 | |||||||||||||||||||||||||||||||||
Expected amount to be granted from the national budget | 951,344 | 25,034,395 | 951,344 | 25,034,395 | 0 | 0 | 0 | 0 | 25,034,395 | |||||||||||||||||||||||||||||||||
Long-term guarantee deposits | 1,619,386,264 | 52,799,129 | 37,157,133 | 1,635,028,260 | 0 | 0 | 0 | 0 | 1,635,028,260 | |||||||||||||||||||||||||||||||||
Contra-accounts for provision for retirement benefits | 14,981,855,911 | 10,806,281 | 1,375,076,929 | 13,617,585,263 | 0 | 0 | 0 | 0 | 13,617,585,263 | |||||||||||||||||||||||||||||||||
Total | 16,895,862,962 | (197,272,357 | ) | 1,114,435,918 | 15,584,154,687 | 0 | 0 | 0 | 0 | 15,584,154,687 |
(Note) Contra-accounts for provision for retirement benefits is described in No. 4 of Significant Accounting Policies.
F-19
Table of Contents
General Account
(2) Details of inventories
(Unit: Yen) | ||||||||||||||||||||||||||||
Type
|
Balance at the beginning
|
Increase during the period |
Decrease during the period |
Balance at the end
|
Remarks
|
|||||||||||||||||||||||
Purchase, manufacturing
|
Others |
Delivery and transfer
|
Others
|
|||||||||||||||||||||||||
Stored goods |
362,761,806 | 50,764,294 | 0 | 113,405,128 | 0 | 300,120,972 | ||||||||||||||||||||||
Stockpile |
362,761,806 | 50,764,294 | 0 | 113,405,128 | 0 | 300,120,972 | ||||||||||||||||||||||
Japan |
51,423,676 | 0 | 0 | 0 | 0 | 51,423,676 | ||||||||||||||||||||||
USA |
75,472,547 | 12,400,510 | 0 | 55,419,190 | 0 | 32,453,867 | ||||||||||||||||||||||
Republic of Singapore |
145,946,371 | 13,317,399 | 0 | 29,241,261 | 0 | 130,022,509 | ||||||||||||||||||||||
Republic of Ghana |
2,137,520 | 0 | 0 | 0 | 0 | 2,137,520 | ||||||||||||||||||||||
UAE |
76,945,852 | 25,046,385 | 0 | 28,744,677 | 0 | 73,247,560 | ||||||||||||||||||||||
Republic of Palau |
5,845,334 | 0 | 0 | 0 | 0 | 5,845,334 | ||||||||||||||||||||||
Republic of Marshall Islands |
4,990,506 | 0 | 0 | 0 | 0 | 4,990,506 | ||||||||||||||||||||||
Payments for uncompleted contracted programs |
126,390,594 | 147,397,074 | 0 | 126,390,594 | 0 | 147,397,074 | ||||||||||||||||||||||
Total |
489,152,400 | 198,161,368 | 0 | 239,795,722 | 0 | 447,518,046 |
F-20
Table of Contents
General Account
(3) Details of loans
(Unit: Yen) |
Classification |
Balance at the
|
Increase during the period |
Decrease during the period | Balance at the end of the period |
Remarks | |||||||||||||||||||
Collection | Others | |||||||||||||||||||||||
Other short-term loans |
||||||||||||||||||||||||
Loans for development projects |
17,500,000 | 6,500,000 | 17,500,000 | 0 | 6,500,000 | |||||||||||||||||||
Loans for emigration projects |
441,671 | 385,058 | 408,782 | 46,201 | 371,746 | |||||||||||||||||||
Subtotal |
17,941,671 | 6,885,058 | 17,908,782 | 46,201 | 6,871,746 | |||||||||||||||||||
Other long-term loans |
||||||||||||||||||||||||
Loans for development projects |
71,500,000 | 0 | 0 | 6,500,000 | 65,000,000 | |||||||||||||||||||
Loans for emigration projects |
317,957,104 | 32,889 | 2,075,786 | (1,415,102 | ) | 317,329,309 | ||||||||||||||||||
Subtotal |
389,457,104 | 32,889 | 2,075,786 | 5,084,898 | 382,329,309 | |||||||||||||||||||
Total |
407,398,775 | 6,917,947 | 19,984,568 | 5,131,099 | 389,201,055 |
(Note) |
Others shown under Decrease during the period is due to transfer from long-term to short-term loans, year-end translation difference, etc. |
F-21
Table of Contents
General Account
(4) Details of provisions
(Unit: Yen)
Classification |
Balance at the
|
Increase during the |
Decrease during the period |
Balance at the end |
Remarks | |||||||||||||||||||
Intended use | Others | |||||||||||||||||||||||
Provision for bonuses |
1,197,382,912 | 1,211,186,648 | 1,197,382,912 | 0 | 1,211,186,648 | |||||||||||||||||||
Total |
1,197,382,912 | 1,211,186,648 | 1,197,382,912 | 0 | 1,211,186,648 |
F-22
Table of Contents
General Account
(5) Details of allowance for loan losses, etc.
(Unit: Yen) | ||||||||||||||||||||||||||
Classification |
Balance of loans, etc.
|
Balance of allowance for loan losses
|
Remarks | |||||||||||||||||||||||
Balance at the beginning of the period |
Increase or decrease during the period |
Balance at the end of the period |
Balance at the beginning of the period |
Increase or decrease during the period |
Balance at the end of the period |
|||||||||||||||||||||
(Development projects) |
||||||||||||||||||||||||||
Short-term loans for development projects |
17,500,000 | (11,000,000 | ) | 6,500,000 | 4,400 | (4,400 | ) | 0 | ||||||||||||||||||
Ordinary loans |
17,500,000 | (11,000,000 | ) | 6,500,000 | 4,400 | (4,400 | ) | 0 |
Breakdown of the preservation of claims for the Year-end balance of loans is as follows: Joint and several guarantee ¥6,500,000
| |||||||||||||||||
Long-term loans for development projects |
71,500,000 | (6,500,000 | ) | 65,000,000 | 0 | 0 | 0 | |||||||||||||||||||
Ordinary loans |
71,500,000 | (6,500,000 | ) | 65,000,000 | 0 | 0 | 0 |
Breakdown of the preservation of claims for the Year-end balance of loans is as follows: Joint and several guarantee ¥65,000,000
| ||||||||||||||||||
(Development projects in total) | 89,000,000 | (17,500,000 | ) | 71,500,000 | 4,400 | (4,400 | ) | 0 | ||||||||||||||||||
(Emigration projects) |
||||||||||||||||||||||||||
Short-term loans for emigration projects |
441,671 | (69,925 | ) | 371,746 | 175,697 | (119,749 | ) | 55,948 | ||||||||||||||||||
Ordinary loans |
441,671 | (69,925 | ) | 371,746 | 175,697 | (119,749 | ) | 55,948 | ||||||||||||||||||
Long-term loans for emigration projects |
317,957,104 | (627,795 | ) | 317,329,309 | 317,694,314 | (1,857,668 | ) | 315,836,646 | ||||||||||||||||||
Ordinary loans |
436,384 | 1,320,723 | 1,757,107 | 173,594 | 90,850 | 264,444 | ||||||||||||||||||||
Doubtful loans |
12,057,862 | (4,381,700 | ) | 7,676,162 | 12,057,862 | (4,381,700 | ) | 7,676,162 | ||||||||||||||||||
Claims probable in bankruptcy, claims probable in rehabilitation, and other |
305,462,858 | 2,433,182 | 307,896,040 | 305,462,858 | 2,433,182 | 307,896,040 | ||||||||||||||||||||
(Emigration projects in total) | 318,398,775 | (697,720 | ) | 317,701,055 | 317,870,011 | (1,977,417 | ) | 315,892,594 | ||||||||||||||||||
Total | 407,398,775 | (18,197,720 | ) | 389,201,055 | 317,874,411 | (1,981,817 | ) | 315,892,594 |
(Note) |
Standard for appropriation of allowance for loan losses is described in No. 5 of Significant Accounting Policies. |
F-23
Table of Contents
General Account
(6) Details of provision for retirement benefits
(Unit: Yen) | ||||||||||||||||||||
Classification | Balance at the
|
Increase during the period |
Decrease during the period |
Balance at the end of the period |
Remarks | |||||||||||||||
Total retirement benefit obligations
|
23,029,242,142 | 1,497,892,767 | 1,335,618,886 | 23,191,516,023 | ||||||||||||||||
|
Retirement benefits
|
12,960,108,198 | 1,049,644,233 | 987,066,845 | 13,022,685,586 | |||||||||||||||
Defined benefit corporate pension plan
|
10,069,133,944 | 448,248,534 | 348,552,041 | 10,168,830,437 | ||||||||||||||||
Unrecognized past service cost and unrecognized actuarial differences
|
0 | 0 | 0 | 0 | ||||||||||||||||
Plan assets
|
8,047,386,231 | 1,875,096,570 | 348,552,041 | 9,573,930,760 | ||||||||||||||||
Provision for retirement benefits
|
14,981,855,911 | (377,203,803 | ) | 987,066,845 | 13,617,585,263 |
F-24
Table of Contents
General Account
(7) Details of asset retirement obligations
(Unit: Yen) | ||||||||||||||||||||
Classification | Balance at the
|
Increase during the period |
Decrease during the period |
Balance at the end of the period |
Remarks | |||||||||||||||
Obligations of restoration to original state based on a building lease agreement
|
276,125,850 | 124,932,631 | 4,997 | 401,053,484 |
Specified expenses in Accounting Standards for Incorporated Administrative Agencies No. 91
|
F-25
Table of Contents
General Account
(8) Details of capital surplus
(Unit: Yen) | ||||||||||||||||||
Classification | Balance at the
|
Increase during the |
Decrease during |
Balance at the end |
Remarks | |||||||||||||
Facility expenses |
3,099,960,374 | 451,182,538 | 0 | 3,551,142,912 |
Increase due to acquisition of non-current assets | |||||||||||||
Operational grants |
98,208,983 | 0 | 0 | 98,208,983 | ||||||||||||||
Donations and others |
0 | 2,000,000 | 0 | 2,000,000 |
Increase due to acquisition of non-current assets | |||||||||||||
Capital reduction |
2,771,220,202 | 0 | 0 | 2,771,220,202 | ||||||||||||||
Specified assets in Accounting Standards for Incorporated Administrative |
(122,494,000 | ) | 0 | 0 | (122,494,000 | ) | ||||||||||||
Lease contracts |
(113,690,859 | ) | 0 | 0 | (113,690,859 | ) | ||||||||||||
Reserve fund carried over from the previous Mid-term Objective period |
416,397,819 | 32,469,930 | 0 | 448,867,749 |
Increase due to acquisition of non-current assets | |||||||||||||
Total | 6,149,602,519 | 485,652,468 | 0 | 6,635,254,987 |
F-26
Table of Contents
General Account
(9) Details of operational grant liabilities, transfer for the current period, etc.
1. Details of changes in operational grant liabilities
(Unit: Yen) |
Balance at the beginning of the period |
Operational grants for the current period |
Transfer for the current period | Offset by contra- accounts for provision |
Balance at the end of the period |
||||||||||||||||||||||
Revenues from operational grants |
Contra-accounts for assets funded by operational grants |
Capital surplus | Subtotal | |||||||||||||||||||||||
40,669,296,449 | 156,024,774,000 | 105,703,317,116 | 1,490,956,875 | 0 | 107,194,273,991 | 2,572,459,841 | 86,927,336,617 |
2. Details of the transfer amount from operational grant liabilities and the main usage
(1) Details of the transfer amount to operational grant revenue and the main usage |
|
(Unit: Yen) | ||||||||||
Classification |
|
Revenues from operational grants |
|
Main usages of operational grants | ||||||||
Expenses | Main usages | |||||||||||
Transfer based on operation achievement method | ||||||||||||
Priority development cooperation issues | 76,176,710,049 | 76,191,919,343 | Personnel expenses: ¥10,916,533,460, Outsourcing expenses: ¥31,267,541,023, Fees paid to experts: ¥16,340,688,686, Other expenses: ¥17,667,156,174 | |||||||||
Partnerships with the private sector | 2,964,630,651 | 2,975,138,812 | Personnel expenses: ¥418,353,331, Outsourcing expenses: ¥1,610,164,212, Fees paid to experts: ¥571,412,668, Other expenses: ¥375,208,601 | |||||||||
Partnerships with various development partners | 13,674,269,999 | 13,824,133,470 | Personnel expenses: ¥1,947,903,668, Fees paid to experts: ¥4,124,087,778, Outsourcing expenses: ¥3,697,761,262, Other expenses: ¥4,054,380,762 | |||||||||
Strengthen foundations for operational implementation | 3,342,711,370 | 3,877,132,552 | Personnel expenses: ¥649,509,020, Fees paid to experts: ¥1,930,624,339, Outsourcing expenses: ¥564,134,171, Other expenses: ¥732,865,022 | |||||||||
Common | 91,230,155 | 62,286,190 | Personnel expenses: ¥62,286,190 | |||||||||
Transfer based on term method |
||||||||||||
Common | 9,083,475,331 | 8,997,006,433 | Personnel expenses: ¥1,858,686,546, Rents: ¥923,111,519, Other expenses: ¥6,215,208,368 | |||||||||
Transfer based on the related expenses are incurred | ||||||||||||
Disaster relief activities | 370,289,561 | 370,289,561 | Outsourcing expenses: ¥126,094,055, Rents: ¥48,789,536, Other expenses: ¥195,405,970 | |||||||||
Total | 105,703,317,116 | 106,297,906,361 |
(2) Details of transfer amount to contra-accounts for assets funded by operational grants and main usages | (Unit: Yen) |
Segment |
Transfer amount to contra-accounts for assets funded by operational grants | |||||
Transfer amount | Main usages | |||||
Priority development cooperation issues | 862,725,493 | Software: ¥278,478,202 Facilities attached to buildings: ¥196,725,822 Others: ¥387,521,469 | ||||
Partnerships with the private sector | 30,579,094 | Software: ¥10,637,907 Facilities attached to buildings: ¥7,539,106 Others: ¥12,402,081 | ||||
Partnerships with various development partners | 221,555,153 | Construction in progress: ¥85,396,155 Software: ¥49,531,382 Others: ¥86,627,616 | ||||
Strengthen foundations for operational implementation |
167,767,414 | Tools, furniture, and fixtures: ¥73,171,722 Stored goods: ¥50,764,294 Others: ¥43,831,398 | ||||
Common |
208,329,721 | Facilities attached to buildings: ¥89,258,660 Software: ¥43,541,699 Others: ¥75,529,362 | ||||
Total |
1,490,956,875 |
3. Details of offset by contra-accounts for provision |
|
(Unit: Yen) | ||||
Segment |
Offset by provision of allowance | |||||
Offset amount | Details of offset | |||||
Priority development cooperation issues |
1,061,872,892 | Contra-accounts for provision for bonuses: ¥799,142,268 Contra-accounts for provision for retirement benefits: ¥262,730,624 | ||||
Partnerships with the private sector |
40,694,059 | Contra-accounts for provision for bonuses: ¥30,625,457 Contra-accounts for provision for retirement benefits: ¥10,068,602 | ||||
Partnerships with various development partners |
192,144,426 | Contra-accounts for provision for bonuses: ¥145,233,398 Contra-accounts for provision for retirement benefits: ¥46,911,028 | ||||
Strengthen foundations for operational implementation |
115,688,649 | Contra-accounts for provision for bonuses: ¥88,235,317 Contra-accounts for provision for retirement benefits: ¥27,453,332 | ||||
Common |
1,162,059,815 | Contra-accounts for provision for bonuses: ¥134,146,472 Contra-accounts for provision for retirement benefits: ¥1,027,913,343 | ||||
Total |
2,572,459,841 |
4. Details of the balance of operational grant liabilities | (Unit: Yen) | |||||
Balance of operational grant liabilities |
|
Reasons for the accrual of balance and revenue generation plan | ||||
Balance in relation to operations to which the revenue recognition method based on operation achievement is applied | 84,330,136,022 | The operation cycle of projects implemented upon requests from the governments of partnering countries in principle ranges over multiple fiscal years. However, the balance is expected to be expensed during the current Mid-term Objective period. | ||||
Balance in relation to operations to which the revenue recognition method based on term is applied | 0 | The balance of operational grant liabilities is not carried forward to the next fiscal year. | ||||
Balance in relation to operations to which the revenue recognition method based on incurred expenses is applied | 1,303,539,461 | The balance is expected to be disbursed for disaster relief activities in the event of major unforeseen disasters during the current Mid-term Objective period. | ||||
Undistributed amount, etc. | 1,293,661,134 | Amount reserved to prepare for unforeseen circumstances in corporate management: ¥750,000,000 Expenditures which exceeded the allocated amount of operational grant : ¥543,661,134 Since the expenditure exceeded can not be funded by operational grant, it will be transferred to revenue in the final fiscal year of the Mid-term in accordance with the Accounting Standards for Incorporated Administrative Agencies No.84, Paragraph 4. | ||||
Total |
86,927,336,617 |
F-27
Table of Contents
General Account
(10) Details of facility expenses
(Unit: Yen)
Classification | Amount granted in the current period |
Breakdown of the accounting treatment mentioned on the left side
|
Remarks
|
|||||||||||||||||||||
Contra-accounts
for
|
Capital surplus | Revenues from subsidy for facilities |
Revenues from expected amount to be granted from the national budget |
|||||||||||||||||||||
Program to enhance disaster resilience in domestic offices |
485,567,283 | 0 | 421,677,076 | 38,855,812 | 25,034,395 | |||||||||||||||||||
Total |
485,567,283 | 0 | 421,677,076 | 38,855,812 | 25,034,395 |
(Note) | The specified expenses for which grant from the national budget is to be expected in the upcoming fiscal years are recorded according to the Accounting Standards for Incorporated Administrative Agencies No. 84 Accounting method regarding the specific expenses for which grant from the national budget is subsequently measured. |
F-28
Table of Contents
General Account
(11) Details of remunerations and salaries of officers and employees
(Unit: Thousands of yen, persons)
Classification | Remunerations or salaries | Retirement benefits | ||||||||||||||
Payment amount | Number of people | Payment amount | Number of people | |||||||||||||
Officers |
187,111 | 13 | 9,177 | 2 | ||||||||||||
Employees |
15,767,014 | 1,960 | 1,040,176 | 133 | ||||||||||||
Total |
15,954,124 | 1,973 | 1,049,353 | 135 |
(Notes) | 1. Payment standard of remunerations and retirement benefits to officers
Remunerations and retirement benefits to officers are paid based on Rules on Remuneration for Officers and Rules on Retirement Benefits for Officers in place for Incorporated Administrative Agency - Japan International Cooperation Agency. | |
2. Payment standard of salaries and retirement benefits to employees
Salaries and retirement benefits to employees are paid based on Rules on Salaries for Employees and Rules on Retirement Benefits for Employees in place for Incorporated Administrative AgencyJapan International Cooperation Agency. | ||
3. Number of people
As for the number of people to whom remunerations or salaries are paid, the average number of JICA officers and employees during the period is used. | ||
4. Others
There are no part-time officers or employees classified as external members. |
F-29
Table of Contents
General Account
(12) Segment information to be disclosed
(Unit: Yen) | ||||||||||||||||||||||||||||||||||||||||
Classification | (1) Priority development cooperation issues |
(2) Partnerships with the private sector |
(3) Partnerships with various development partners |
(4) Strengthen foundations for operational implementation |
(5) Grant aid | (6) Contracted programs |
(7) Other operations |
Subtotal | (8) Corporate common expenses, etc. |
Total | ||||||||||||||||||||||||||||||
I. Administrative service operation cost |
||||||||||||||||||||||||||||||||||||||||
Expenses in the statement of income |
78,139,546,390 | 2,994,534,814 | 13,942,915,997 | 4,649,126,059 | 52,396,746,425 | 6,058,390 | 12,182,150 | 152,141,110,225 | 10,897,700,039 | 163,038,810,264 | ||||||||||||||||||||||||||||||
Other administrative service operation costs |
||||||||||||||||||||||||||||||||||||||||
Depreciation not included in expenses |
| | | | | | | | 1,090,579,469 | 1,090,579,469 | ||||||||||||||||||||||||||||||
Impairment losses not included in expenses |
| | | | | | | | 6,667,210 | 6,667,210 | ||||||||||||||||||||||||||||||
Interest expenses not included in expenses |
| | | | | | | | (4,997 | ) | (4,997 | ) | ||||||||||||||||||||||||||||
Disposal and sale differential not included in expenses |
| | | | | | | | 109,573,337 | 109,573,337 | ||||||||||||||||||||||||||||||
Total other administrative service operation costs |
| | | | | | | | 1,206,815,019 | 1,206,815,019 | ||||||||||||||||||||||||||||||
Administrative service operation cost |
78,139,546,390 | 2,994,534,814 | 13,942,915,997 | 4,649,126,059 | 52,396,746,425 | 6,058,390 | 12,182,150 | 152,141,110,225 | 12,104,515,058 | 164,245,625,283 | ||||||||||||||||||||||||||||||
II. Cost being borne by the public for the operation of Incorporated Administrative Agency |
77,880,939,033 | 2,994,534,814 | 13,928,635,354 | 4,649,126,059 | 52,396,746,425 | 0 | 0 | 151,849,981,685 | 9,791,705,131 | 161,641,686,816 | ||||||||||||||||||||||||||||||
III. Operating expenses, revenues, and profits and losses |
||||||||||||||||||||||||||||||||||||||||
Operating expenses |
78,139,546,389 | 2,994,534,813 | 13,942,915,998 | 4,649,126,060 | 52,396,746,425 | 6,058,390 | 12,182,150 | 152,141,110,225 | 63,890,207 | 152,205,000,432 | ||||||||||||||||||||||||||||||
Outsourcing expenses |
31,267,541,023 | 1,610,164,212 | 3,697,761,262 | 564,134,171 | 0 | 437,263 | 4,479,075 | 37,144,517,006 | 0 | 37,144,517,006 | ||||||||||||||||||||||||||||||
Fees paid to experts |
16,340,688,686 | 571,412,668 | 4,124,087,778 | 1,930,624,339 | 0 | 4,919,148 | 2,771,700 | 22,974,504,319 | 0 | 22,974,504,319 | ||||||||||||||||||||||||||||||
Personnel expenses |
10,916,533,460 | 418,353,331 | 1,947,903,668 | 649,509,020 | 0 | 0 | 0 | 13,932,299,479 | 0 | 13,932,299,479 | ||||||||||||||||||||||||||||||
Rents |
2,299,305,035 | 88,116,060 | 410,279,026 | 136,803,443 | 0 | 0 | 0 | 2,934,503,564 | 0 | 2,934,503,564 | ||||||||||||||||||||||||||||||
Fund provision |
0 | 0 | 0 | 0 | 52,396,746,425 | 0 | 0 | 52,396,746,425 | 0 | 52,396,746,425 | ||||||||||||||||||||||||||||||
Other expenses |
17,315,478,185 | 306,488,542 | 3,762,884,264 | 1,368,055,087 | 0 | 701,979 | 4,931,375 | 22,758,539,432 | 63,890,207 | 22,822,429,639 | ||||||||||||||||||||||||||||||
General administrative expenses |
| | | | | | | | 9,184,713,111 | 9,184,713,111 | ||||||||||||||||||||||||||||||
Fees paid to experts |
| | | | | | | | 546,107,922 | 546,107,922 | ||||||||||||||||||||||||||||||
Personnel expenses |
| | | | | | | | 1,920,972,736 | 1,920,972,736 | ||||||||||||||||||||||||||||||
Rents |
923,111,519 | 923,111,519 | ||||||||||||||||||||||||||||||||||||||
Other expenses |
5,794,520,934 | 5,794,520,934 | ||||||||||||||||||||||||||||||||||||||
Depreciation |
| | | | | | | | 1,534,574,507 | 1,534,574,507 | ||||||||||||||||||||||||||||||
Financial expenses |
| | | | | | | | 85,402,172 | 85,402,172 | ||||||||||||||||||||||||||||||
Miscellaneous losses |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 204,422 | 204,422 | ||||||||||||||||||||||||||||||
Total |
78,139,546,389 | 2,994,534,813 | 13,942,915,998 | 4,649,126,060 | 52,396,746,425 | 6,058,390 | 12,182,150 | 152,141,110,225 | 10,868,784,419 | 163,009,894,644 | ||||||||||||||||||||||||||||||
Operating revenues |
||||||||||||||||||||||||||||||||||||||||
Revenues from operational grants |
76,176,710,049 | 2,964,630,651 | 13,674,269,999 | 3,713,000,931 | 0 | 0 | 0 | 96,528,611,630 | 9,174,705,486 | 105,703,317,116 | ||||||||||||||||||||||||||||||
Revenues from grant aid |
0 | 0 | 0 | 0 | 52,396,746,425 | 0 | 0 | 52,396,746,425 | 0 | 52,396,746,425 | ||||||||||||||||||||||||||||||
Revenues from contracted programs |
0 | 0 | 0 | 0 | 0 | 6,058,390 | 0 | 6,058,390 | 0 | 6,058,390 | ||||||||||||||||||||||||||||||
Revenues from interest on development projects |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,752 | 188,752 | ||||||||||||||||||||||||||||||
Revenues from emigration projects |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 234,126 | 234,126 | ||||||||||||||||||||||||||||||
Donations |
0 | 0 | 0 | 0 | 0 | 0 | 12,182,150 | 12,182,150 | 0 | 12,182,150 | ||||||||||||||||||||||||||||||
Revenue from subsidy for facilities |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 38,855,812 | 38,855,812 | ||||||||||||||||||||||||||||||
Revenues from expected amount to be granted from the national budget |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,034,395 | 25,034,395 | ||||||||||||||||||||||||||||||
Reversal of allowance for loan losses |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,981,817 | 1,981,817 | ||||||||||||||||||||||||||||||
Reversal of contra-accounts for assets |
0 | 0 | 0 | 113,401,926 | 0 | 0 | 0 | 113,401,926 | 1,485,617,042 | 1,599,018,968 | ||||||||||||||||||||||||||||||
Revenues from contra-accounts for provision for bonuses |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,211,186,648 | 1,211,186,648 | ||||||||||||||||||||||||||||||
Revenues from contra-accounts for provision for retirement benefits |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,806,281 | 10,806,281 | ||||||||||||||||||||||||||||||
Financial revenues |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,053,292 | 5,053,292 | ||||||||||||||||||||||||||||||
Miscellaneous income |
258,607,357 | 0 | 14,280,643 | 0 | 0 | 0 | 0 | 272,888,000 | 2,358,136,449 | 2,631,024,449 | ||||||||||||||||||||||||||||||
Total |
76,435,317,406 | 2,964,630,651 | 13,688,550,642 | 3,826,402,857 | 52,396,746,425 | 6,058,390 | 12,182,150 | 149,329,888,521 | 14,311,800,100 | 163,641,688,621 | ||||||||||||||||||||||||||||||
Operating income or loss |
(1,704,228,983 | ) | (29,904,162 | ) | (254,365,356 | ) | (822,723,203 | ) | 0 | 0 | 0 | (2,811,221,704 | ) | 3,443,015,681 | 631,793,977 | |||||||||||||||||||||||||
IV. Extraordinary income or losses, etc. |
||||||||||||||||||||||||||||||||||||||||
Extraordinary losses |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,915,620 | 28,915,620 | ||||||||||||||||||||||||||||||
Extraordinary income |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11,166,395 | 11,166,395 | ||||||||||||||||||||||||||||||
Net income or loss |
(1,704,228,983 | ) | (29,904,162 | ) | (254,365,356 | ) | (822,723,203 | ) | 0 | 0 | 0 | (2,811,221,704 | ) | 3,425,266,456 | 614,044,752 | |||||||||||||||||||||||||
Reversal of reserve fund carried over from the previous Mid-term Objective period |
923,631,090 | 22,124,857 | 55,647,133 | 0 | 0 | 0 | 0 | 1,001,403,080 | 0 | 1,001,403,080 | ||||||||||||||||||||||||||||||
Total income or loss for the current year |
(780,597,893 | ) | (7,779,305 | ) | (198,718,223 | ) | (822,723,203 | ) | 0 | 0 | 0 | (1,809,818,624 | ) | 3,425,266,456 | 1,615,447,832 | |||||||||||||||||||||||||
V. Total assets |
||||||||||||||||||||||||||||||||||||||||
Cash and deposits |
0 | 0 | 0 | 0 | 198,323,770,525 | 292,670,159 | 3,291,999,028 | 201,908,439,712 | 89,856,637,352 | 291,765,077,064 | ||||||||||||||||||||||||||||||
Advance payments |
19,595,456,625 | 463,392,158 | 1,683,676,393 | 122,830,617 | 0 | 0 | 0 | 21,865,355,793 | 0 | 21,865,355,793 | ||||||||||||||||||||||||||||||
Buildings |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22,451,834,836 | 22,451,834,836 | ||||||||||||||||||||||||||||||
Other assets |
390,295,816 | 4,610,004 | 27,709,997 | 303,992,425 | 168,787 | 155,256,272 | 73,370,586 | 955,403,887 | 40,707,331,522 | 41,662,735,409 | ||||||||||||||||||||||||||||||
Total |
19,985,752,441 | 468,002,162 | 1,711,386,390 | 426,823,042 | 198,323,939,312 | 447,926,431 | 3,365,369,614 | 224,729,199,392 | 153,015,803,710 | 377,745,003,102 |
(Note)1. Segment classification and main descriptions
Operations are classified into six segments in accordance with descriptions of the Mid-term Plan based on operations specified in Article 13 of the Act of the Incorporated Administrative AgencyJapan International Cooperation Agency.
Operations in relation to donations and operations prescribed in Article 13 are organized as other operations.
1) Priority development cooperation issues
2) Partnerships with the private sector
3) Partnerships with various development partners
4) Strengthen foundations for operational implementation
5) Grant aid
6) Contracted programs
2. Disclosure of operating expenses
Operating expenses are classified in Operating expenses in the Statement of Income according to their nature. Items that account for less than 5% of the total amount allocated to each segment are included in Other expenses.
The relationship between Operating expenses in this list and Operating expenses in the Statement of Income is as follows:
1) Priority development cooperation issues: amount of expenses for priority sectors and region
2) Partnerships with the private sector: amount of expenses for private sector partnership
3) Partnerships with various development partners: amount of expenses for domestic partnerships
4) Strengthen foundations for operational implementation: amount of expenses for other operations
5) Grant aid: amount of expenses for grant aid
6) Contracted programs: amount of expenses for contracted programs
7) Other operations: amount of expenses for donation projects
8) Corporate common expenses, etc.: amounts of facility expenses
(2) Personnel expenses and Rents which are recorded in Administrative service operation cost and General administrative expenses that have been classified as corporate common expenses, etc. cannot be allocated to each segment due to the following reasons:
1) Personnel expenses: employees are in charge of several operations and their involvement in each operation is not uniform.
2) Rents: a wide variety of buildings are included in target property and they are used for multiple operations.
3. Assets are listed in accordance with the accounts in the balance sheet. Items that account for less than 5% of total assets are included in other assets.
4. Because Operating expenses for 1) Priority development cooperation issues and 3) Partnerships with various development partners are financed not only by operational grants but also by revenues from operations, the corresponding amounts are shown as Miscellaneous income, etc. in Operating revenues.
5. is shown in the columns of items which have been allocated only to corporate common expenses, etc., because they cannot be allocated to individual segments.
F-30
Table of Contents
General Account
(13) Details of grant-in-aid for scientific research
(Unit: Yen)
| ||||||
Classification
|
Amounts granted in the current period
|
Number of the projects
|
Remarks
| |||
Grant-in-Aid for Scientific Research on Innovative Area |
(10,000) 3,000
|
1
|
Japan Society for the Promotion of Science Grant-in-Aid for Scientific Research | |||
Grant-in-Aid for Scientific Research C |
(1,100,000) 990,000
|
1
| ||||
Grant-in-Aid for Young Scientists |
(2,900,000) 2,460,000
|
3
| ||||
Total |
(4,010,000) 3,453,000
|
5
|
(Note) | Amounts granted in the current period indicate the amounts equivalent to indirect expenses. The amounts equivalent to direct expenses are indicated in parentheses ( ). |
F-31
Table of Contents
General Account
(14) Details of main assets and liabilities other than those mentioned above
1. Cash and deposits
(Unit:Yen) | ||||
Classification
|
Amount
|
Remarks
| ||
Cash |
2,429,088 | |||
Cash in foreign currency |
101,024,140 | |||
Deposit accounts |
280,695,992,782 | |||
Checking accounts |
5,681,515 | |||
Deposit accounts in foreign currency |
267,415,836 | |||
Checking accounts in foreign currency |
4,692,533,703 | |||
Time deposits |
6,000,000,000 | |||
Total |
291,765,077,064 |
2. Advance payments
(Unit: Yen) | ||||||||
Classification
|
Amount
|
Counterparty
|
Remarks
| |||||
Operating expenses |
21,865,355,793 | Oriental Consultants Global Co., Ltd., and others | ||||||
Total |
21,865,355,793 | |||||||
3. Funds for grant aid
|
||||||||
(Unit: Yen) | ||||||||
Classification
|
Amount
|
Counterparty
|
Remarks
| |||||
Funds for grant aid |
|
196,150,196,496
|
|
Republic of the Union of Myanmar and others
|
||||
Total |
196,150,196,496 | |||||||
4. Accounts payable |
||||||||
(Unit: Yen) | ||||||||
Classification
|
Amount
|
Counterparty
|
Remarks
| |||||
Operating expenses |
11,760,608,477 | Kokusai Kogyo Co., Ltd., and others | ||||||
General administrative expenses |
2,604,363,353 | NTT Communications Corporation and others | ||||||
Expenses for contracted programs |
38,782,902 | PERSOL TEMPSTAFF CO., LTD., and others | ||||||
Expenses for grant aid |
2,173,746,596 | UNITED NATIONS CHILDRENS FUND and others | ||||||
Expenses for donation projects |
3,415,827 | Regional Community Forestry Training Center for Asia and others | ||||||
Subsidy for facilities |
739,975,197 | NAKANO CORPORATION and others | ||||||
Others |
62,145,571 | Setagaya ward office and others | ||||||
Total |
17,383,037,923 |
F-32
Table of Contents
General Account
(15) Details of relevant public interest corporations
Corporation type and name
|
(Relevant public interest corporations, etc.)
|
(Relevant public interest corporations, etc.)
| ||||||||||||||||||||||||||||||||||
Items
|
Japan Overseas Cooperative Association
|
The Association of Nikkei & Japanese Abroad
| ||||||||||||||||||||||||||||||||||
Outline of operations
|
(1) International cooperative activities in developing countries and activities pertaining to the promotion, promulgation, and edification of international exchange and global understanding. (2) Assistance for postdisaster restoration and peace-building activities. (3) Activities pertaining to cooperation and collaboration with international and domestic support agencies, international cooperation associations, and other institutions. (4) Activities pertaining to support for the development of a multicultural symbiotic society and vitalization and internationalization of societies. (5) Activities to support integrated community building and human resource development involving various sectors for the purpose of regional revitalization in cooperation in local communities. 1. Planning, support on coordination and implementation of project for the purpose of integrated community building including various sectors such as education, welfare service and industrial promotion 2. Category II social welfare services prescribed in article 2 of the Social Welfare Act (a) Based on Child Welfare Act: - day care services for handicapped children - consultation services for handicapped children - after-school child sound upbringing services - regional base services of the child care support - nursery center management services (b) Based on act on Social Welfare for the Elderly - senior in-home care services - senior day-services (c) Based on act to comprehensively support daily and social lives of persons with disabilities - welfare services for persons with disabilities - consultation support services - services to support regional life - management of community activity support centers 3. Human resource development and training (6) Other activities necessary to achieve the objectives of the Association.
|
(1) Support and promulgation of economic, cultural, educational, and social activities in cooperation with overseas and domestic Japan-related organizations or by itself. (2) Cooperation pertaining to carrying out of international cooperative activities and international exchange activities. (3) Collaboration with municipalities and international exchange associations (4) Promulgation both at home and abroad of research outcomes and knowledge regarding activities pertaining international cooperation and international exchange endeavors (5) Provision of information and collaboration regarding migration and overseas expansion of businesses (6) Establishment and operation of centers for Japanese abroad (7) Consultations and intermediation for and regarding Japanese abroad (8) Publicity of and edification regarding situations in Japan (9) Organizing of the convention of Nikkei and Japanese abroad (10) Edification regarding investment from overseas, investment overseas, and businesses (11) Other activities necessary for the fulfillment of public good | ||||||||||||||||||||||||||||||||||
Name of officers
|
Number of officers: 10
Representative Director and President: Ryosei Oya
Board member: Kazuto Kitano (Former Director General of the Nihonmatsu Training Center of JICA)
|
Number of officers: 16
Representative Director and President: Kamon Iizumi
| ||||||||||||||||||||||||||||||||||
Association chart on transactions between relevant public interest corporations and JICA |
||||||||||||||||||||||||||||||||||||
Japan Overseas Cooperative Association
|
||||||||||||||||||||||||||||||||||||
JICA
|
|
JICA
|
|
The Association of Nikkei &
|
||||||||||||||||||||||||||||||||
(Operation Consignment)
|
(Operation Consignment)
|
|||||||||||||||||||||||||||||||||||
Assets |
2,183,377,006 yen | 165,440,565 yen | ||||||||||||||||||||||||||||||||||
Liabilities |
948,234,205 yen | 105,418,913 yen | ||||||||||||||||||||||||||||||||||
(Statement of changes in net assets) |
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year | 1,131,331,538 yen | 57,595,173 yen | ||||||||||||||||||||||||||||||||||
Changes in general net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
13,000,000 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
2,879,189,946 yen | - Other revenues |
360,307,488 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
2,860,332,683 yen | ¡ Expenses |
357,881,009 yen | ||||||||||||||||||||||||||||||||
Changes in specified net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
71,954,000 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
0 yen | - Other revenues |
3,000,000 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
0 yen | ¡ Expenses |
3,000,000 yen | ||||||||||||||||||||||||||||||||
Balance of net assets at the end of the fiscal year
|
1,235,142,801 yen | 60,021,652 yen | ||||||||||||||||||||||||||||||||||
(Statement of activities) | ||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year | - | - | ||||||||||||||||||||||||||||||||||
Total revenues for the current period | - | - | ||||||||||||||||||||||||||||||||||
Total expenditures for the current period | - | - | ||||||||||||||||||||||||||||||||||
Net balance of revenues and expenditures for the current period | - | - | ||||||||||||||||||||||||||||||||||
Details of contributions and donations to basic funds of relevant public interest corporations, etc. Details of membership expenses and burden charges to be borne in order to be allocated to management expenses, operating expenses, etc.
|
N/A | N/A | ||||||||||||||||||||||||||||||||||
Details of receivables and payables to relevant public interest corporations
|
Accounts payable: 314,719,938 yen, Accounts receivable: N/A | Accounts payable: 41,061,416 yen, Accounts receivable: N/A | ||||||||||||||||||||||||||||||||||
Details of debt guarantee
|
N/A | N/A | ||||||||||||||||||||||||||||||||||
Amounts and ratios in relation to operating revenues, order placement by JICA, etc. (amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
Total operating revenues: | 2,458,908,643 yen | Total operating revenues: | 349,054,926 yen | ||||||||||||||||||||||||||||||||
(Breakdown: JICA transactions |
1,425,845,742 yen | 58.0 | %) | (Breakdown: JICA transactions |
190,664,776 yen | 54.6 | %) | |||||||||||||||||||||||||||||
Competitive contract |
( | 1,000,012,972 yen | 70.1 | %) | Competitive contract | ( | 36,910,016 yen | 19.4 | %) | |||||||||||||||||||||||||||
Planning competition and public selection |
( | 16,407,484 yen | 1.2 | %) | Planning competition and public selection | ( | 35,116,586 yen | 18.4 | %) | |||||||||||||||||||||||||||
Non-competitive negotiated contracts |
( | 959,750 yen | 0.1 | %) | Non-competitive negotiated contracts | ( | 118,638,174 yen | 62.2 | %) | |||||||||||||||||||||||||||
Other |
( | 408,465,536 yen | 28.6 | %) | Other | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
(Note 1) The above amount pertains to the period from April 1, 2019, through March 31, 2020. |
(Note 1) The above amount pertains to the period from April 1, 2019, through March 31, 2020. |
F-33
Table of Contents
General Account
Corporation type and name
|
(Relevant public interest corporations, etc.)
|
(Relevant public interest corporations, etc.)
| ||||||||||||||||||||||||||||||||||
Items |
Kitakyushu International Techno-Cooperative Association | Pacific Resource Exchange Center | ||||||||||||||||||||||||||||||||||
Outline of operations
|
(1) Development of necessary research studies and educational curriculums, creation and undertaking of training programs, dispatch of experts, and transfer of technologies overseas
(2) Planning and undertaking of activities to promote international goodwill
(3) Planning and undertaking of other activities for the purpose of fulfilling the aims of this association
|
(1) Fostering human resources to contribute mainly to the growth of developing countries, etc.
(2) Economic, cultural, and personal exchange activities mainly with developing countries, etc.
(3) Cultivating human resources tasked with economic, cultural, and personal exchange activities mainly with developing countries.
(4) Gathering information and research/study related to economic cooperation
(5) Public awareness and publicity concerning the aforementioned activities
(6) Other activities necessary for the achievement of objectives of this corporate body
| ||||||||||||||||||||||||||||||||||
Name of officers
|
Number of officers: 11
President: Hideki Furuno
|
Number of officers: 18
Representative Director and President: Kiyoshi Otsubo
| ||||||||||||||||||||||||||||||||||
Association chart on transactions
between relevant public interest |
||||||||||||||||||||||||||||||||||||
Kitakyushu International Techno- Cooperative Association |
Pacific Resource Exchange Center |
|||||||||||||||||||||||||||||||||||
JICA
|
JICA
|
|||||||||||||||||||||||||||||||||||
(Operation Consignment)
|
(Operation Consignment)
|
|||||||||||||||||||||||||||||||||||
Assets |
683,456,355 yen | 4,631,750,161 yen | ||||||||||||||||||||||||||||||||||
Liabilities |
32,314,048 yen | 66,417,470 yen | ||||||||||||||||||||||||||||||||||
(Statement of changes in net assets) |
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year
|
648,945,525 yen | 4,649,178,733 yen | ||||||||||||||||||||||||||||||||||
Changes in general net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
32,700,000 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
180,291,817 yen | - Other revenues |
145,994,972 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
210,691,014 yen | ¡ Expenses |
229,841,014 yen | ||||||||||||||||||||||||||||||||
Changes in specified net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
0 yen | - Other revenues |
0 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
104,021 yen | ¡ Expenses |
0 yen | ||||||||||||||||||||||||||||||||
Balance of net assets at the end of the fiscal year
|
651,142,307 yen | 4,565,332,691 yen | ||||||||||||||||||||||||||||||||||
(Statement of activities)
|
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year
|
- | - | ||||||||||||||||||||||||||||||||||
Total revenues for the current period
|
- | - | ||||||||||||||||||||||||||||||||||
Total expenditures for the current period
|
- | - | ||||||||||||||||||||||||||||||||||
Net balance of revenues and expenditures for the current period
|
- | - | ||||||||||||||||||||||||||||||||||
Details of contributions and donations to basic funds of relevant public interest corporations, etc. Details of membership expenses and burden charges to be borne in order to be allocated to management expenses, operating expenses, etc.
|
N/A | N/A |
||||||||||||||||||||||||||||||||||
Details of receivables and payables to relevant public interest corporations
|
N/A | Accounts payable: 20,584,586 yen, Accounts receivable: N/A |
||||||||||||||||||||||||||||||||||
Details of debt guarantee
|
N/A | N/A
|
||||||||||||||||||||||||||||||||||
Amounts and ratios in relation to operating revenues, order placement by JICA, etc. (amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts) |
Total operating revenues: | 174,157,335 yen | Total operating revenues: | 69,148,566 yen | ||||||||||||||||||||||||||||||||
(Breakdown: JICA transactions |
125,184,130 yen | 71.9 | %) |
(Breakdown: JICA transactions |
50,891,950 yen | 73.6 | %) | |||||||||||||||||||||||||||||
Competitive contract |
( | 0 yen | 0.0 | %) |
Competitive contract |
( | 20,582,295 yen | 40.4 | %) | |||||||||||||||||||||||||||
Planning competition and public |
( | 125,184,130 yen | 100.0 | %) |
Planning competition and public |
( | 29,972,749 yen | 58.9 | %) | |||||||||||||||||||||||||||
Non-competitive negotiated contracts |
( | 0 yen | 0.0 | %) |
Non-competitive negotiated contracts |
( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
Other |
( | 0 yen | 0.0 | %) |
Other |
( | 336,906 yen | 0.7 | %) | |||||||||||||||||||||||||||
(Note 1) The above amount pertains to the period from April 1, 2019, through March 31, 2020. |
(Note 1) The above amount pertains to the period from April 1, 2019, through March 31, 2020. |
F-34
Table of Contents
General Account
Corporation type and name
|
(Relevant public interest corporations, etc.)
|
(Relevant public interest corporations, etc.)
| ||||||||||||||||||||||||||||||||||
Items
|
Overseas Agricultural Development Association
|
Supporting Organization of J.O.C.V.
| ||||||||||||||||||||||||||||||||||
Outline of operations
|
(1) Proposal regarding effective undertaking of overseas agricultural development cooperation (2) Guidance and advice for overseas agricultural development cooperation by private-sector companies (3) Cooperation for activities by the government and private-sector companies regarding overseas agricultural development cooperation (4) Research and study regarding overseas agricultural development cooperation (5) Gathering and providing of information regarding overseas agricultural development cooperation (6) Carrying out of collaborative activities with community organizations regarding rural community promotion in Japan (7) Capacity building and securing of personnel who engage in rural community promotion in Japan (8) Activities for foreign technical intern training acceptance (9) Establishment and operation of necessary facilities for aforementioned activities (10) Other activities necessary to fulfill the aims of this organization |
(1) Activities for the diffusion of cooperation volunteers activities for awareness raising and for understanding promotion (2) Activities for promoting participation in cooperation volunteers (3) Activities for assisting cooperation volunteers local activities (4) Activities for leveraging cooperation volunteers experience for society (5) Social contribution projects based on collaboration with citizen volunteers (6) Activities for placement and staffing (7) Other activities necessary to achieve the objectives of this corporation | ||||||||||||||||||||||||||||||||||
Name of officers
|
Number of officers: 9
President: Hidekazu Toyohara
|
Number of officers: 16
President: Yasuhiro Yamamoto Standing Director General: Kazuhisa Matsuoka (Former Senior Vice President of JICA)
| ||||||||||||||||||||||||||||||||||
Association chart on transactions between relevant public interest corporations and JICA |
||||||||||||||||||||||||||||||||||||
Overseas Agricultural Development Association
|
||||||||||||||||||||||||||||||||||||
JICA
|
|
JICA
|
|
Supporting Organization of J.O.C.V.
|
||||||||||||||||||||||||||||||||
(Operation Consignment)
|
(Operation Consignment)
|
|||||||||||||||||||||||||||||||||||
Assets |
27,281,902 yen | 50,152,662 yen | ||||||||||||||||||||||||||||||||||
Liabilities |
26,041,879 yen | 9,822,713 yen | ||||||||||||||||||||||||||||||||||
(Statement of changes in net assets) |
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year | (7,459,632) yen | 40,246,519 yen | ||||||||||||||||||||||||||||||||||
Changes in general net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
3,000,000 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
138,989,440 yen | - Other revenues |
114,812,429 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
130,289,785 yen | ¡ Expenses |
117,728,999 yen | ||||||||||||||||||||||||||||||||
Changes in specified net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
0 yen | - Other revenues |
0 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
0 yen | ¡ Expenses |
0 yen | ||||||||||||||||||||||||||||||||
Balance of net assets at the end of the fiscal year
|
1,240,023 yen | 40,329,949 yen | ||||||||||||||||||||||||||||||||||
(Statement of activities) | ||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year | - | - | ||||||||||||||||||||||||||||||||||
Total revenues for the current period | - | - | ||||||||||||||||||||||||||||||||||
Total expenditures for the current period | - | - | ||||||||||||||||||||||||||||||||||
Net balance of revenues and expenditures for the current period | - | - | ||||||||||||||||||||||||||||||||||
Details of contributions and donations to basic funds of relevant public interest corporations, etc. Details of membership expenses and burden charges to be borne in order to be allocated to management expenses, operating expenses, etc.
|
N/A | N/A | ||||||||||||||||||||||||||||||||||
Details of receivables and payables to relevant public interest corporations
|
N/A | Accounts payable: 16,971,514 yen, Accounts receivable: N/A | ||||||||||||||||||||||||||||||||||
Details of debt guarantee
|
N/A | N/A | ||||||||||||||||||||||||||||||||||
Amounts and ratios in relation to operating revenues, order placement by JICA, etc. (amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
Total operating revenues: | 137,242,989 yen | Total operating revenues: | 103,653,686 yen | ||||||||||||||||||||||||||||||||
(Breakdown: JICA transactions |
103,305,510 yen | 75.3 | %) | (Breakdown: JICA transactions |
92,265,294 yen | 89.0 | %) | |||||||||||||||||||||||||||||
Competitive contract |
( | 0 yen | 0.0 | %) | Competitive contract | ( | 90,678,059 yen | 98.3 | %) | |||||||||||||||||||||||||||
Planning competition and public selection |
( | 103,305,510 yen | 100.0 | %) | Planning competition and public selection | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
Non-competitive negotiated contracts |
( | 0 yen | 0.0 | %) | Non-competitive negotiated contracts | ( | 960,575 yen | 1.0 | %) | |||||||||||||||||||||||||||
Other |
( | 0 yen | 0.0 | %) | Other | ( | 626,660 yen | 0.7 | %) | |||||||||||||||||||||||||||
(Note 1) The above amount pertains to the period from April 1, 2019, through March 31,2020. |
F-35
Table of Contents
General Account
Corporation type and name
|
(Relevant public interest corporations, etc.)
|
(Relevant public interest corporations, etc.)
| ||||||||||||||||||||||||||||||||||
Items
|
Japan and Overseas Forestry Consultants Associate
|
Tokachi Regional Activation Support Organization
| ||||||||||||||||||||||||||||||||||
Outline of operations
|
(1) Survey regarding forest and forestry (2) Technical Development on Forest and Forestry (3) Operation on reforestation (4) Advice and guidance on forest and forestry (5) Training and seminar on forest and forestry (6) Collection of information on forest and forestry (7) Other activities necessary for the attainment of JOFCA objectives |
(1) Business about local problem solution (2) Business about activation of area (3) Business related to employee training, recruitment activities, and internships at local companies (4) Other business required to achieve the purpose of the corporation | ||||||||||||||||||||||||||||||||||
Name of officers
|
Number of officers: 11
Representative Director: Fusho Ozawa |
Number of officers: 11
Representative Director: Hideaki Yamamoto | ||||||||||||||||||||||||||||||||||
Association chart on transactions between relevant public interest corporations and JICA |
||||||||||||||||||||||||||||||||||||
Japan and Overseas Forestry Consultants Associate
|
||||||||||||||||||||||||||||||||||||
JICA
|
|
JICA
|
|
Tokachi Regional Activation Support Organization
|
||||||||||||||||||||||||||||||||
(Operation Consignment)
|
(Operation Consignment)
|
|||||||||||||||||||||||||||||||||||
Assets |
168,076,725 yen | 7,877,360 yen | ||||||||||||||||||||||||||||||||||
Liabilities |
129,089,704 yen | 9,654,987 yen | ||||||||||||||||||||||||||||||||||
(Statement of changes in net assets) |
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year | 44,452,843 yen | (1,859,977) yen | ||||||||||||||||||||||||||||||||||
Changes in general net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
5,050,000 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
154,747,919 yen | - Other revenues |
42,442,091 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
165,263,741 yen | ¡ Expenses |
42,359,741 yen | ||||||||||||||||||||||||||||||||
Changes in specified net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
0 yen | - Other revenues |
0 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
0 yen | ¡ Expenses |
0 yen | ||||||||||||||||||||||||||||||||
Balance of net assets at the end of the fiscal year
|
38,987,021 yen | (1,777,627) yen | ||||||||||||||||||||||||||||||||||
(Statement of activities) | ||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year | - | - | ||||||||||||||||||||||||||||||||||
Total revenues for the current period | - | - | ||||||||||||||||||||||||||||||||||
Total expenditures for the current period | - | - | ||||||||||||||||||||||||||||||||||
Net balance of revenues and expenditures for the current period | - | - | ||||||||||||||||||||||||||||||||||
Details of contributions and donations to basic funds of relevant public interest corporations, etc. Details of membership expenses and burden charges to be borne in order to be allocated to management expenses, operating expenses, etc.
|
N/A |
N/A |
||||||||||||||||||||||||||||||||||
Details of receivables and payables to relevant public interest corporations
|
N/A |
N/A |
||||||||||||||||||||||||||||||||||
Details of debt guarantee
|
N/A |
N/A |
||||||||||||||||||||||||||||||||||
Amounts and ratios in relation to operating revenues, order placement by JICA, etc. (amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts) | Total operating revenues: | 141,744,118 yen | Total operating revenues: | 36,235,085 yen | ||||||||||||||||||||||||||||||||
(Breakdown: JICA transactions |
126,871,818 yen | 89.5 | %) | (Breakdown: JICA transactions |
28,677,978 yen | 79.1 | %) | |||||||||||||||||||||||||||||
Competitive contract |
( | 0 yen | 0.0 | %) | Competitive contract | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
Planning competition and public selection |
( | 126,871,818 yen | 100.0 | %) | Planning competition and public selection | ( | 23,078,686 yen | 80.5 | %) | |||||||||||||||||||||||||||
Non-competitive negotiated contracts |
( | 0 yen | 0.0 | %) | Non-competitive negotiated contracts | ( | 5,599,292 yen | 19.5 | %) | |||||||||||||||||||||||||||
Other |
( | 0 yen | 0.0 | %) | Other | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
F-36
Table of Contents
General Account
Corporation type and name
|
(Relevant public interest corporations, etc.)
|
(Relevant public interest corporations, etc.)
| ||||||||||||||||||||||||||||||||||
Items
|
Japan Forest Technology Association
|
Foundation for Advanced Studies on International Development
| ||||||||||||||||||||||||||||||||||
Outline of operations
|
(1) Consideration and recommendations on forest policy based on scientific technology (2) Development and promotion of forest technology (3) Training and qualification of forest engineers (4) Academic encouragement and organization of seminars, etc. (5) Information collection, survey and research (6) Support for the preparation of forest management plans, land survey and design (7) Utilization and inspection of aerial photographs and satellite data (8) Forest certification (9) International cooperation and international exchange (10) Publication and sale of forestry equipment and instruments (11) Dispatch of forest engineers (12) Other activities necessary to achieve the purpose of our association
|
(1) Cultivation of human resources for international development (2) Research and surveys for international development and assistance policy (3) Cooperation for advanced studies regarding international development (4) Technical cooperation projects overseas (5) Cooperation for private-sector business activities contributing to international development (6) Dissemination of information, edification, and publicity regarding international development (7) Activities in Japan drawing on insights from aforementioned activities (8) Other activities necessary to fulfill the aims of this foundation | ||||||||||||||||||||||||||||||||||
Name of officers
|
Number of officers: 19
President: Takamasa Fukuda
|
Number of officers: 8
President: Tsuneo Sugishita
| ||||||||||||||||||||||||||||||||||
Association chart on transactions
between relevant public interest |
||||||||||||||||||||||||||||||||||||
Japan Forest Technology Association
|
Foundation for Advanced Studies on International Development
|
|||||||||||||||||||||||||||||||||||
JICA
|
|
JICA
|
|
|||||||||||||||||||||||||||||||||
(Operation Consignment)
|
(Operation Consignment)
|
|||||||||||||||||||||||||||||||||||
Assets |
2,520,742,571 yen | 739,054,121 yen | ||||||||||||||||||||||||||||||||||
Liabilities |
1,411,034,459 yen | 79,017,119 yen | ||||||||||||||||||||||||||||||||||
(Statement of changes in net assets) |
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year
|
1,085,409,673 yen | 684,351,583 yen | ||||||||||||||||||||||||||||||||||
Changes in general net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
1,000,000 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
2,002,069,830 yen | - Other revenues |
397,768,800 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
1,977,771,391 yen | ¡ Expenses |
423,083,381 yen | ||||||||||||||||||||||||||||||||
Changes in specified net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
0 yen | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
0 yen | - Other revenues |
0 yen | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
0 yen | ¡ Expenses |
0 yen | ||||||||||||||||||||||||||||||||
Balance of net assets at the end of the fiscal year
|
1,109,708,112 yen | 660,037,002 yen | ||||||||||||||||||||||||||||||||||
(Statement of activities)
|
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year
|
- | - | ||||||||||||||||||||||||||||||||||
Total revenues for the current period
|
- | - | ||||||||||||||||||||||||||||||||||
Total expenditures for the current period
|
- | - | ||||||||||||||||||||||||||||||||||
Net balance of revenues and expenditures for the current period
|
- | - | ||||||||||||||||||||||||||||||||||
Details of contributions and donations to basic funds of relevant public interest corporations, etc. Details of membership expenses and burden charges to be borne in order to be allocated to management expenses, operating expenses, etc.
|
N/A | N/A | ||||||||||||||||||||||||||||||||||
Details of receivables and payables to relevant public interest corporations
|
Accounts payable: 149,211,562 yen, Accounts receivable: N/A | Accounts payable: 121,732,328 yen, Accounts receivable: N/A | ||||||||||||||||||||||||||||||||||
Details of debt guarantee
|
N/A | N/A | ||||||||||||||||||||||||||||||||||
Amounts and ratios in relation to operating revenues, order placement by JICA, etc. (amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
Total operating revenues: | 1,830,934,662 yen | Total operating revenues: | 391,712,861 yen | ||||||||||||||||||||||||||||||||
(Breakdown: JICA transactions |
532,625,086 yen | 29.1 | %) | (Breakdown: JICA transactions |
327,873,502 yen | 83.7 | %) | |||||||||||||||||||||||||||||
Competitive contract |
( | 0 yen | 0.0 | %) | Competitive contract | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
Planning competition and public selection |
( | 531,289,692 yen | 99.7 | %) | Planning competition and public selection | ( | 324,813,562 yen | 99.1 | %) | |||||||||||||||||||||||||||
Non-competitive negotiated contracts |
( | 1,335,394 yen | 0.3 | %) | Non-competitive negotiated contracts | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
Other |
( | 0 yen | 0.0 | %) | Other | ( | 3,059,940 yen | 0.9 | %) | |||||||||||||||||||||||||||
(Note 1) The above amount pertains to the period from April 1, 2019, through March 31, 2020. |
(Note 1) The above amount pertains to the period from April 1, 2019, through March 31, 2020. |
F-37
Table of Contents
General Account
Corporation type and name
|
(Relevant public interest corporations, etc.)
|
(Relevant public interest corporations, etc.)
| ||||||||||||||||||||||||||||||||||
Items
|
The Overseas Coastal Area Development Institute of Japan
|
Asia SEED
| ||||||||||||||||||||||||||||||||||
Outline of operations
|
(1) Research and studies for projects 1. Research and studies on global coastal area development and international logistics 2. Cooperative projects related to coastal development and logistics overseas (2) International cooperation support activities 1. Transfer of Japanese technology concerning coastal development and logistics 2. Gathering and analyzing information on global coastal development and international logistics (3) International exchange and publicity 1. Promotion of international relations with overseas researchers and experts on coastal development and logistics 2. Organizing of study sessions and lectures and publications on global coastal development and international logistics 3. Joint research on global coastal development and international logistics with domestic and overseas institutions (4) Other activities necessary for fulfilling the aims of the Center
|
(1) Activities for promoting social education (2) Activities for promoting development of communities (3) Activities for promoting science, culture, arts or sports (4) Activities for preserving the environment (5) Activities of international cooperation; (6) Activities for developing an information society (7) Activities for promoting science and technology (8) Activities for vitalizing economy (9) Activities for supporting the development of professional skills or the expansion of employment opportunities (10) Activities for doing liaison work, or for providing advice or assistance for the operations
| ||||||||||||||||||||||||||||||||||
Name of officers |
Number of officers: 8
Chairman: Koichi Miyake
|
Number of officers: 15
Chairman: Masahiro Hamano | ||||||||||||||||||||||||||||||||||
Association chart on transactions between relevant public interest corporations and JICA |
||||||||||||||||||||||||||||||||||||
The Overseas Coastal Area Development Institute of Japan
|
||||||||||||||||||||||||||||||||||||
JICA
|
|
JICA
|
|
Asia SEED
|
||||||||||||||||||||||||||||||||
(Operation Consignment)
|
(Operation Consignment)
|
|||||||||||||||||||||||||||||||||||
Assets |
1,815,168,351 yen | 322,682,125 yen | ||||||||||||||||||||||||||||||||||
Liabilities |
73,743,507 yen | 62,073,455 yen | ||||||||||||||||||||||||||||||||||
(Statement of changes in net assets) |
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year
|
1,667,642,828 yen | - | ||||||||||||||||||||||||||||||||||
Changes in general net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
- | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
590,517,170 yen | - Other revenues |
- | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
516,735,154 yen | ¡ Expenses |
- | ||||||||||||||||||||||||||||||||
Changes in specified net assets |
||||||||||||||||||||||||||||||||||||
¡ Revenues |
¡ Revenues |
¡ Revenues |
||||||||||||||||||||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
0 yen | - Subsidy received, etc. |
- | ||||||||||||||||||||||||||||||||
- Other revenues |
- Other revenues |
0 yen | - Other revenues |
- | ||||||||||||||||||||||||||||||||
¡ Expenses |
¡ Expenses |
0 yen | ¡ Expenses |
- | ||||||||||||||||||||||||||||||||
Balance of net assets at the end of the fiscal year
|
1,741,424,844 yen | 260,608,670 yen | ||||||||||||||||||||||||||||||||||
(Statement of activities)
|
||||||||||||||||||||||||||||||||||||
Balance of net assets at the beginning of the fiscal year
|
- | 248,843,692 yen | ||||||||||||||||||||||||||||||||||
Total revenues for the current period
|
- | 205,893,860 yen | ||||||||||||||||||||||||||||||||||
Total expenditures for the current period
|
- | 194,128,882 yen | ||||||||||||||||||||||||||||||||||
Net balance of revenues and expenditures for the current period
|
- | 11,764,978 yen | ||||||||||||||||||||||||||||||||||
Details of contributions and donations to basic funds of relevant public interest corporations, etc. Details of membership expenses and burden charges to be borne in order to be allocated to management expenses, operating expenses, etc.
|
N/A |
N/A |
||||||||||||||||||||||||||||||||||
Details of receivables and payables to relevant public interest corporations
|
Accounts payable: 149,350,410 yen, Accounts receivable: N/A | Accounts payable: 39,900,300 yen, Accounts receivable: N/A |
||||||||||||||||||||||||||||||||||
Details of debt guarantee
|
N/A |
N/A |
||||||||||||||||||||||||||||||||||
Amounts and ratios in relation to operating revenues, order placement by JICA, etc. (amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
Total operating revenues: | 577,897,113 yen | Total operating revenues: |
205,857,615 yen | ||||||||||||||||||||||||||||||||
(Breakdown: JICA transactions |
320,984,832 yen | 55.5 | %) | (Breakdown: JICA transactions |
79,553,385 yen | 38.6 | %) | |||||||||||||||||||||||||||||
Competitive contract |
( | 9,447,895 yen | 2.9 | %) | Competitive contract |
( | 69,010,465 yen | 86.7 | %) | |||||||||||||||||||||||||||
Planning competition and public selection |
( | 274,390,459 yen |
85.5 |
%) |
Planning competition and public selection | ( |
10,542,920 yen |
13.3 |
%) | |||||||||||||||||||||||||||
Non-competitive negotiated contracts |
( | 37,146,478 yen | 11.6 | %) | Non-competitive negotiated contracts | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
Other |
( | 0 yen | 0.0 | %) | Others | ( | 0 yen | 0.0 | %) | |||||||||||||||||||||||||||
(Note 1) The above amount pertains to the period from April 1,
2019, through March 31, 2020. (Note 2) Pursuant to the Amendment Act to Promote Specified Nonprofit Activities (established as Act No.70 of 2011), the statement of activities is prepared. |
F-38
Table of Contents
General Account
Corporation type and name |
(Relevant public interest corporations, etc.)
| |||||||||||||||||
Items
|
International Farmers Participation Technical Net-work
| |||||||||||||||||
Outline of operations
|
(1) Activities regarding international cooperation
1. As support for small-scale farmers, development of appropriate technologies regarding upland crop, rice cultivation, vegetable cultivation, improvement of agricultural instruments, and irrigation
2. Gathering and providing information on agricultural technology for small-scale farmers
3. Survey of situations of local agriculture, and research and development for appropriate technologies
4. Capacity building of local residents and technological support
5. Training in Japan as well as at operation site
6. Support through dispatching experts
(2) Activities related to revitalization of economic activities
1. Cooperation for participatory rural development through appropriate agricultural technology
2. Cooperation for farmers to participate in local agricultural cooperatives, etc.
3. Cooperation for training of appropriate agricultural technology for local farmers
(3) Activities related to promotion of learning
1. Development, research, and study of appropriate technology for local small-scale farmers
2. Exchange with Japanese farmers, students and experts engaging in international cooperation
3. Support and cooperation to universities and research institutions
| |||||||||||||||||
Name of officers
|
Number of officers: 7
President: Hai Sakurai
Director: Kazuo Nagai
(Former Director General of the Tsukuba Center of JICA)
Director: Yoshihiko Nishimura
(Former Deputy Director of the Tsukuba Center of JICA)
Auditor: Kaoru Iwasaki
(Former Chief Representative of JICA Syria office)
| |||||||||||||||||
Association chart on transactions between relevant public interest corporations and JICA |
||||||||||||||||||
International Farmers Participation Technical Net-work
|
||||||||||||||||||
JICA
|
|
|||||||||||||||||
(Operation Consignment)
|
||||||||||||||||||
Assets |
27,439,607 yen | |||||||||||||||||
Liabilities |
11,867,715 yen | |||||||||||||||||
(Statement of changes in net assets) | ||||||||||||||||||
Balance of net assets at the beginning of the fiscal year | - | |||||||||||||||||
Changes in general net assets |
||||||||||||||||||
¡ Revenues |
¡ Revenues |
|||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
- | ||||||||||||||||
- Other revenues |
- Other revenues |
- | ||||||||||||||||
¡ Expenses |
¡ Expenses |
- | ||||||||||||||||
Changes in specified net assets |
||||||||||||||||||
¡ Revenues |
¡ Revenues |
|||||||||||||||||
- Subsidy received, etc. |
- Subsidy received, etc. |
- | ||||||||||||||||
- Other revenues |
- Other revenues |
- | ||||||||||||||||
¡ Expenses |
¡ Expenses |
- | ||||||||||||||||
Balance of net assets at the end of the fiscal year
|
15,571,892 yen
|
|||||||||||||||||
(Statement of activities)
|
||||||||||||||||||
Balance of net assets at the beginning of the fiscal year
|
17,050,068 yen
|
|||||||||||||||||
Total revenues for the current period
|
32,812,221 yen | |||||||||||||||||
Total expenditures for the current period
|
34,290,397 yen | |||||||||||||||||
Net balance of revenues and expenditures for the current period
|
(1,478,176) yen | |||||||||||||||||
Details of contributions and donations to basic funds of relevant public interest corporations, etc. Details of membership expenses and burden charges to be borne in order to be allocated to management expenses, operating expenses, etc.
|
N/A | |||||||||||||||||
Details of receivables and payables to relevant public interest corporations
|
Accounts payable: 8,472,571 yen, Accounts receivable: N/A
|
|||||||||||||||||
Details of debt guarantee
|
N/A | |||||||||||||||||
Amounts and ratios in relation to operating revenues, order placement by JICA, etc. (amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts) | Total operating revenues: | 29,491,295 yen | ||||||||||||||||
(Breakdown: JICA transactions |
29,092,340 yen | 98.6 | %) | |||||||||||||||
Competitive contract |
( | 0 yen | 0.0 | %) | ||||||||||||||
Planning competition and public selection |
( | 28,769,772 yen | 98.9 | %) | ||||||||||||||
Non-competitive negotiated contracts |
( | 0 yen | 0.0 | %) | ||||||||||||||
Other |
( | 322,568 yen | 1.1 | %) | ||||||||||||||
(Note) Pursuant to the Amendment Act to Promote Specified Nonprofit Activities (established as Act No.70 of 2011), the statement of activities is prepared. |
F-39
Table of Contents
Mr. Shinichi Kitaoka, President
Japan International Cooperation Agency
Opinion
We have audited the accompanying financial statements of the finance and investment account of Japan International Cooperation Agency (the Agency), which comprise the balance sheet as at March 31, 2021, and the statements of administrative service operation cost, income, changes in net assets, and cash flows for the year then ended, and a summary of significant accounting policies and notes to the financial statements, and the accompanying supplementary schedules (except for the information described based on the financial statements and business reports relating to the associated public interest corporations) .
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the finance and investment account of the Agency as at March 31, 2021, and its financial performance and its cash flows for the year then ended in accordance with accounting standards for incorporated administrative agencies generally accepted in Japan.
Basis for Opinion
We conducted our audit in accordance with auditing standards for incorporated administrative agencies generally accepted in Japan. Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Agency in accordance with the ethical requirements that are relevant to our audit of the financial statements in Japan, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. The basis includes the fact that no such fraud or error, or illegal acts, of the president, other executive officers or staff members that would result in material misstatement in the financial statements was found, to the extent that we conducted our audit. The audit we conducted is not intended to express an opinion on whether there was any fraud or error, or illegal acts, of the president, other executive officers or staff members, which would not result in material misstatement in the financial statements.
Responsibilities of President, the Agency Auditor for the Financial Statements
President is responsible for the preparation and fair presentation of these financial statements in accordance with accounting standards for incorporated administrative agencies generally accepted in Japan, and for such internal control as president determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, or illegal acts.
The Agency Auditor is responsible for overseeing the Agencys financial reporting process.
F-40
Table of Contents
Auditors Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, or illegal acts, and to issue an auditors report that includes our opinion. Misstatements can arise from fraud or error, or illegal acts, and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with auditing standards for incorporated administrative agencies generally accepted in Japan, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, or illegal acts, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. |
| Consider internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances for our risk assessments, while the purpose of the audit of the financial statements is not expressing an opinion on the effectiveness of the Agencys internal control. |
| Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by president. |
| Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation in accordance with accounting standards for incorporated administrative agencies generally accepted in Japan. |
| Plan and conduct audit with adequate attention being paid to the possibility that any fraud or error, or illegal acts, of the president, other executive officers or staff members may result in material misstatement in the financial statements. |
We communicate with the Agency Auditor regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide the Agency Auditor with a statement that we have complied with the ethical requirements regarding independence that are relevant to our audit of the financial statements in Japan, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Interest Required to Be Disclosed by the Certified Public Accountants Act of Japan
Our firm and its designated engagement partners do not have any interest in the Agency which is required to be disclosed pursuant to the provisions of the Certified Public Accountants Act of Japan.
F-41
Table of Contents
Ernst & Young ShinNihon LLC |
Tokyo, Japan |
June 18, 2021 |
/s/ Motoki Nagao |
Motoki Nagao |
Designated Engagement Partner |
Certified Public Accountant |
/s/ Takuya Kodama |
Takuya Kodama |
Designated Engagement Partner |
Certified Public Accountant |
/s/ Kazuya Hosono |
Kazuya Hosono |
Designated Engagement Partner |
Certified Public Accountant |
F-42
Table of Contents
(as of March 31, 2021)
Finance and Investment Account | (Unit: Yen) | |||||||
Assets |
||||||||
I Current assets |
||||||||
Cash and deposits |
220,490,351,756 | |||||||
Loans |
13,341,709,724,403 | |||||||
Allowance for loan losses |
(176,362,554,433) | 13,165,347,169,970 | ||||||
|
||||||||
Advance payments |
14,593,509,164 | |||||||
Prepaid expenses |
24,505,557 | |||||||
Accrued income |
||||||||
Accrued interest on loans |
32,928,016,163 | |||||||
Accrued commitment charges |
310,732,667 | |||||||
Accrued interest |
629,501 | 33,239,378,331 | ||||||
|
||||||||
Accounts receivable |
931,733,141 | |||||||
Goods in transit |
9,200,338 | |||||||
Suspense payments |
1,042,137 | |||||||
Advances paid |
252,783 | |||||||
Short-term guarantee deposits |
10,303,000,000 | |||||||
Derivatives |
330,879,149 | |||||||
|
||||||||
Total current assets |
13,445,271,022,326 | |||||||
II Non-current assets |
||||||||
1 Tangible assets |
||||||||
Buildings |
4,086,985,275 | |||||||
Accumulated depreciation |
(1,343,663,861) | |||||||
Accumulated impairment losses |
(664,850,656) | 2,078,470,758 | ||||||
|
||||||||
Structures |
98,256,953 | |||||||
Accumulated depreciation |
(34,951,348) | |||||||
Accumulated impairment losses |
(11,670,468) | 51,635,137 | ||||||
|
||||||||
Machinery and equipment |
200,923,736 | |||||||
Accumulated depreciation |
(79,380,291) | |||||||
Accumulated impairment losses |
(102,287,680) | 19,255,765 | ||||||
|
||||||||
Vehicles |
588,241,740 | |||||||
Accumulated depreciation |
(313,114,564) | 275,127,176 | ||||||
|
||||||||
Tools, furniture, and fixtures |
331,486,219 | |||||||
Accumulated depreciation |
(206,675,789) | 124,810,430 | ||||||
|
||||||||
Land |
12,703,270,000 | |||||||
Accumulated impairment losses |
(6,091,196,973) | 6,612,073,027 | ||||||
|
||||||||
Construction in progress |
3,528,634 | |||||||
|
||||||||
Total tangible assets |
9,164,900,927 | |||||||
2 Intangible assets |
||||||||
Trademark rights |
164,133 | |||||||
Software |
4,174,770,369 | |||||||
Software in progress |
840,974,714 | |||||||
|
||||||||
Total intangible assets |
5,015,909,216 | |||||||
3 Investments and other assets |
||||||||
Investment securities |
6,644,809,096 | |||||||
Shares of affiliated companies |
76,088,813,760 | |||||||
Money held in trust |
60,952,968,634 | |||||||
Claims probable in bankruptcy, claims |
87,062,884,239 | |||||||
Allowance for loan losses |
(87,062,884,239) | 0 | ||||||
|
||||||||
Long-term prepaid expenses |
5,356,202 | |||||||
Long-term guarantee deposits |
682,576,867 | |||||||
|
||||||||
Total investments and other assets |
144,374,524,559 | |||||||
|
||||||||
Total non-current assets |
158,555,334,702 | |||||||
|
||||||||
Total assets |
13,603,826,357,028 | |||||||
|
F-43
Table of Contents
Liabilities |
||||||||
I Current liabilities |
||||||||
Current portion of bonds |
10,000,000,000 | |||||||
Current portion of borrowings from government fund for Fiscal Investment and Loan Program |
104,069,412,000 | |||||||
Accounts payable |
6,494,601,195 | |||||||
Accrued expenses |
5,220,227,342 | |||||||
Derivatives |
10,835,718,253 | |||||||
Lease obligations |
19,742,168 | |||||||
Deposits received |
5,920,629,144 | |||||||
Unearned revenue |
63,503,629 | |||||||
Provisions |
||||||||
Provision for bonuses |
340,773,166 | |||||||
Provision for contingent losses |
2,889,391,466 | 3,230,164,632 | ||||||
|
||||||||
Suspense receipts |
447,165,549 | |||||||
|
||||||||
Total current liabilities |
146,301,163,912 | |||||||
II Non-current liabilities |
||||||||
Bonds |
898,210,600,000 | |||||||
Discounts on bonds payable |
(491,968,177) | |||||||
Borrowings from government fund for Fiscal Investment and Loan Program |
2,518,682,574,000 | |||||||
Long-term lease obligations |
25,566,258 | |||||||
Long-term deposits received |
6,256,934,391 | |||||||
Provision for retirement benefits |
3,840,857,382 | |||||||
Asset retirement obligations |
105,610,150 | |||||||
|
||||||||
Total non-current liabilities |
3,426,630,174,004 | |||||||
|
||||||||
Total liabilities |
3,572,931,337,916 | |||||||
Net assets |
||||||||
I Capital |
||||||||
Government investment |
8,202,167,840,510 | |||||||
|
||||||||
Total capital |
8,202,167,840,510 | |||||||
II Retained earnings |
||||||||
Reserve fund |
1,799,525,577,448 | |||||||
Unappropriated income for the current fiscal year |
33,007,576,003 | |||||||
|
||||||||
[Total income for the current fiscal year] |
[33,007,576,003] | |||||||
Total retained earnings |
1,832,533,153,451 | |||||||
III Valuation and translation adjustments |
||||||||
Valuation difference on shares of affiliated companies |
28,561,015,486 | |||||||
Valuation difference on available-for-sale securities |
3,057,549,606 | |||||||
Deferred gains or losses on hedges |
(35,424,539,941) | |||||||
|
||||||||
Total valuation and translation adjustments |
(3,805,974,849) | |||||||
|
||||||||
Total net assets |
10,030,895,019,112 | |||||||
| ||||||||
Total liabilities and net assets |
13,603,826,357,028 | |||||||
|
F-44
Table of Contents
Statement of Administrative Service Operation Cost
(April 1, 2020March 31, 2021)
Finance and Investment Account
(Unit: Yen) | ||||||||
I Expenses in the statement of income |
||||||||
Expenses related to operations of cooperation through finance and investment |
101,059,986,208 | |||||||
Extraordinary losses |
4,398,721 | |||||||
|
|
|||||||
Total expenses in the statement of income |
101,064,384,929 | |||||||
|
|
|||||||
II Administrative service operation cost |
101,064,384,929 | |||||||
|
|
F-45
Table of Contents
(April 1, 2020March 31, 2021)
Finance and Investment Account
(Unit: Yen) | ||||||||||||
Ordinary expenses |
||||||||||||
Expenses related to operations of cooperation through finance and investment |
||||||||||||
Interest on bonds and notes |
8,396,119,897 | |||||||||||
Interest on borrowings |
12,542,487,529 | |||||||||||
Interest on interest rate swaps |
5,678,688,163 | |||||||||||
Other interest expenses |
100,419,436 | |||||||||||
Operations outsourcing expenses |
17,584,612,927 | |||||||||||
Bond issuance cost |
558,186,305 | |||||||||||
Personnel expenses |
4,058,750,471 | |||||||||||
Provision for bonuses |
340,773,166 | |||||||||||
Retirement benefit expenses |
15,469,364 | |||||||||||
Operating and administrative expenses |
11,608,144,594 | |||||||||||
Depreciation |
1,944,557,729 | |||||||||||
Taxes |
95,451,492 | |||||||||||
Loss on liquidation of investment securities |
9,114,540 | |||||||||||
Loss on valuation of investment securities |
462,060,825 | |||||||||||
Loss on valuation of shares of affiliated companies |
118,208,022 | |||||||||||
Interest expenses |
(1,409) | |||||||||||
Provision for allowance for loan losses |
34,309,800,450 | |||||||||||
Provision for contingent losses |
846,513,534 | |||||||||||
Other operating expenses |
2,390,581,173 | |||||||||||
Other ordinary expenses |
48,000 | 101,059,986,208 | ||||||||||
|
|
|
|
|||||||||
Total ordinary expenses |
101,059,986,208 | |||||||||||
Ordinary revenues |
||||||||||||
Revenues from operations of cooperation through finance and investment |
||||||||||||
Interest on loans |
122,933,576,248 | |||||||||||
Dividends on investments |
4,328,962,868 | |||||||||||
Commissions |
3,118,894,321 | |||||||||||
Foreign exchange gains |
1,049,973,350 | |||||||||||
Gain on investment in money held in trust |
1,597,180,122 | |||||||||||
Other ordinary revenues |
327,310,669 | 133,355,897,578 | ||||||||||
|
|
|||||||||||
Financial revenues |
||||||||||||
Interest income |
27,423,802 | 27,423,802 | ||||||||||
|
|
|||||||||||
Miscellaneous income |
686,411,740 | |||||||||||
|
|
|||||||||||
Total ordinary revenues |
134,069,733,120 | |||||||||||
|
|
|||||||||||
Ordinary income |
33,009,746,912 | |||||||||||
Extraordinary losses |
||||||||||||
Loss on disposal of non-current assets |
4,056,174 | |||||||||||
Loss on sales of non-current assets |
342,547 | 4,398,721 | ||||||||||
|
|
|||||||||||
Extraordinary income |
||||||||||||
Gain on sales of non-current assets |
2,227,812 | 2,227,812 | ||||||||||
|
|
|
|
|||||||||
Net income |
33,007,576,003 | |||||||||||
|
|
|||||||||||
Total income for the current fiscal year |
33,007,576,003 | |||||||||||
|
|
F-46
Table of Contents
Statement of Changes in Net Assets
(April 1, 2020-March 31, 2021)
Finance and Investment Account
(Unit:Yen) | ||||||||||||||||||||||||||||||||||||||||||||
I Capital | II Retained earnings (Loss carried forward) | III Valuation and translation adjustments | Total net assets |
|||||||||||||||||||||||||||||||||||||||||
Government investment |
Total capital | Reserve fund |
Unappropriated income for the
|
Total retained earnings (Loss carried forward) |
Valuation difference on shares of affiliated |
Valuation difference on available-for-sale securities |
Deferred gains or losses on hedges |
Total valuation and translation adjustments |
||||||||||||||||||||||||||||||||||||
Total income for the current fiscal year (Total loss for the |
||||||||||||||||||||||||||||||||||||||||||||
Balance at the beginning of the fiscal year |
8,150,727,840,510 | 8,150,727,840,510 | 1,703,880,995,457 | 95,644,581,991 | | 1,799,525,577,448 | | 6,492,694,355 | (41,466,809,061 | ) | (34,974,114,706 | ) | 9,915,279,303,252 | |||||||||||||||||||||||||||||||
Changes during the period | ||||||||||||||||||||||||||||||||||||||||||||
I Changes in capital during the period |
||||||||||||||||||||||||||||||||||||||||||||
Receipts of investment |
51,440,000,000 | 51,440,000,000 | 51,440,000,000 | |||||||||||||||||||||||||||||||||||||||||
II Changes in retained earnings (Loss carried forward) during the period |
||||||||||||||||||||||||||||||||||||||||||||
(1) Appropriation of income or loss |
||||||||||||||||||||||||||||||||||||||||||||
Increase in reserve fund derived from profit appropriation |
95,644,581,991 | (95,644,581,991 | ) | | | | ||||||||||||||||||||||||||||||||||||||
(2) Others |
||||||||||||||||||||||||||||||||||||||||||||
Net income (Net loss) |
33,007,576,003 | 33,007,576,003 | 33,007,576,003 | 33,007,576,003 | ||||||||||||||||||||||||||||||||||||||||
III Changes in valuation and translation adjustments during the period |
28,561,015,486 | (3,435,144,749 | ) | 6,042,269,120 | 31,168,139,857 | 31,168,139,857 | ||||||||||||||||||||||||||||||||||||||
Total changes during the period |
51,440,000,000 | 51,440,000,000 | 95,644,581,991 | (62,637,005,988 | ) | 33,007,576,003 | 33,007,576,003 | 28,561,015,486 | (3,435,144,749 | ) | 6,042,269,120 | 31,168,139,857 | 115,615,715,860 | |||||||||||||||||||||||||||||||
Balance at the end of the fiscal year |
8,202,167,840,510 | 8,202,167,840,510 | 1,799,525,577,448 | 33,007,576,003 | 33,007,576,003 | 1,832,533,153,451 | 28,561,015,486 | 3,057,549,606 | (35,424,539,941 | ) | (3,805,974,849 | ) | 10,030,895,019,112 |
F-47
Table of Contents
(April 1, 2020March 31, 2021)
Finance and Investment Account
(Unit: Yen) | ||||
I. Cash flows from operating activities |
||||
Payments for loans |
(1,413,623,262,243 | ) | ||
Repayments of borrowings from the private sector |
(10,284,892,800 | ) | ||
Repayments of borrowings from government fund for Fiscal Investment and Loan Program |
(113,930,372,000 | ) | ||
Interest expenses paid |
(24,384,625,423 | ) | ||
Payments for personnel expenses |
(4,799,796,510 | ) | ||
Payments for other operations |
(47,572,930,656 | ) | ||
Proceeds from collection of loans |
696,164,269,295 | |||
Proceeds from borrowings from the private sector |
10,439,784,000 | |||
Proceeds from borrowings from government fund for Fiscal Investment and Loan Program |
667,500,000,000 | |||
Proceeds from issuance of bonds |
112,936,944,115 | |||
Proceeds from interest on loans |
111,119,384,588 | |||
Proceeds from commissions |
3,340,447,622 | |||
Proceeds from other operations |
12,264,966,522 | |||
|
|
| ||
Subtotal |
(830,083,490 | ) | ||
Interest and dividend income received |
4,401,357,499 | |||
|
|
| ||
Net cash provided by operating activities |
3,571,274,009 | |||
II. Cash flows from investing activities |
||||
Payments for purchase of non-current assets |
(1,049,410,295 | ) | ||
Proceeds from sales of non-current assets |
7,085,798 | |||
Payments for purchase of investment securities |
(3,164,042,002 | ) | ||
Proceeds from sales and redemption of investment securities |
82,589,936 | |||
Payments for purchase of shares of affiliated companies |
(928,240,456 | ) | ||
Payments for increase of money held in trust |
(16,516,100,274 | ) | ||
Proceeds from decrease of money held in trust |
6,377,901,033 | |||
Payments into time deposits |
(45,065,171,000 | ) | ||
Proceeds from time deposit refund |
50,367,998,000 | |||
|
|
| ||
Net cash used in investing activities |
(9,887,389,260 | ) | ||
III. Cash flows from financing activities |
||||
Repayments of lease obligations |
(148,773,421 | ) | ||
Receipts of government investment |
51,440,000,000 | |||
|
|
| ||
Net cash provided by financing activities |
51,291,226,579 | |||
IV. Effect of exchange rate fluctuation on funds |
(42,736,061 | ) | ||
V. Net increase (decrease) in funds |
44,932,375,267 | |||
VI. Funds at the beginning of the fiscal year |
175,557,976,489 | |||
|
|
| ||
VII. Funds at the end of the fiscal year |
220,490,351,756 | |||
|
|
|
F-48
Table of Contents
Basis of Presenting Financial Statements
The accompanying financial statements of JICA have been prepared in accordance with accounting principles for incorporated administrative agencies generally accepted in Japan, which are different in many respects as to application and disclosure requirements of accounting principles for business enterprises generally accepted in Japan.
Significant Accounting Policies
Finance and Investment Account
Effective the year ended March 31, 2021, JICA adopted the Accounting Standards for Incorporated Administrative Agencies and Notes to Accounting Standards for Incorporated Administrative Agencies (February 16, 2000 (Revised March 26, 2020), and the Q&A on Accounting Standards for Incorporated Administrative Agencies and Notes to Accounting Standards for Incorporated Administrative Agencies (August 2000 (Last revised June 2020)).
1. | Depreciation method |
(1) | Tangible assets (except for lease assets) |
Straight-line method
The useful lives of major assets are as follows:
Buildings: | 250 years | |||||
Structures: | 246 years | |||||
Machinery and equipment: | 217 years | |||||
Vehicles: | 26 years | |||||
Tools, furniture, and fixtures: | 215 years |
(2) | Intangible assets (except for lease assets) |
Straight-line method
Software used by JICA is depreciated over its useful life (5 years).
(3) | Lease assets |
Lease assets are depreciated by the straight-line method over the lease term. Depreciation for lease assets is calculated with zero residual value being assigned to the asset.
2. | Provision for bonuses |
The provision for bonuses is calculated and provided for based on estimated amounts of future payments attributable to the services that have been rendered by officers and employees applicable to the current fiscal year.
3. | Provision for retirement benefits |
The provision for retirement benefits is calculated and provided for based on estimated amounts of future payments attributable to the retirement of employees, and is accrued in line with the retirement benefit obligations and estimated plan assets applicable to the fiscal year ended March 31, 2021. In calculating the retirement benefit obligations, the estimated amount of retirement benefit payments is attributed to the period based on the straight-line basis. The profit and loss appropriation method for actuarial differences and past service costs is as follows:
Actuarial differences are recognized as a lump-sum gain or loss in the fiscal year in which they occur.
Past service costs are recognized as a lump-sum gain or loss in the fiscal year in which they occur.
F-49
Table of Contents
4. | Basis and standard for the accrual of allowance and loss contingencies |
(1) | Allowance for loan losses |
The allowance for claims on debtors who are legally bankrupt (Bankrupt borrowers) or substantially bankrupt (Substantially bankrupt borrowers) is provided based on the outstanding balance of loan claims after the deductions of the amount expected to be collected through the disposal of collateral and execution of guarantees, or the same amount is written off directly. The allowance for claims on debtors who are not legally bankrupt, but are likely to become bankrupt (Potentially bankrupt borrowers) is provided based on an overall assessment of the solvency of the debtors after the deductions of the amount expected to be collected through the disposal of collateral and the execution of guarantees, or the same amount is written off directly. There were no write-offs from the above-mentioned outstanding balance of loan claims for the fiscal year ended March 31, 2021.
The allowance for claims on debtors other than Bankrupt borrowers, Substantially bankrupt borrowers, and Potentially bankrupt borrowers is provided primarily based on the default rate, which is calculated based on the actual defaults during a certain period in the past. The allowance for possible losses on specific overseas loans is provided based on the expected loss amount taking into consideration the political and economic situation of these countries.
All claims are assessed initially by the operational departments (including regional departments) based on internal rules for self-assessment of asset quality and an allowance is provided based on the results of the assessments. In addition, these self-assessments results are reviewed by the internal audit department, which is independent from the operational departments.
(2) | Provision for contingent losses |
Provision for contingent losses is provided to prepare for the occurrence of contingent losses for a portion of the undisbursed balance of loan commitments, which JICA is absolutely obligated to extend. The amount of the provision is estimated based on the possibility of losses in the future.
F-50
Table of Contents
5. | Standard and method for the valuation of securities |
(1) | Shares of affiliated companies |
Shares of affiliated companies are recognized at an amount equivalent to JICAs percentage share of the net assets of such companies based upon the most recent financial statements.
If the acquisition cost based on the moving average method exceeds the fair value, the difference between the acquisition cost and the fair value is treated as a loss for the fiscal year and recorded in Statement of Income. If the fair value exceeds the acquisition cost based on the moving average method, the difference between the acquisition cost and the fair value is included directly in Net assets.
(2) | Other investment securities |
[1] | Securities whose fair value can be readily determined |
Such investment securities are stated at fair value with changes in net unrealized gains or losses included directly in Valuation and translation adjustments of Net assets. Cost of securities sold is determined by the moving average method.
[2] | Securities whose fair value cannot be readily determined |
Such investment securities are carried at cost based on the moving average method. Cost of securities sold is determined by the moving average method.
Investments in limited partnerships and other similar partnerships, which are regarded as securities under Article 2, Clause 2 of the Japanese Financial Instruments and Exchange Law, Act No. 25 of 1948, are recognized at an amount equivalent to JICAs percentage share of the net assets of such partnerships, based upon the most recent financial statements available depending on the report date stipulated in the partnership agreement.
(3) | Securities held as trust assets in money-held-in trust account |
The securities are valued in the same way as (2) above.
(Change in Accounting Policies)
In the previous fiscal years, shares of affiliated companies were stated at cost, determined using the moving average method. (However, when the amount corresponding to the equity holding has fallen below the cost at acquisition, the amount corresponding to the equity holding was used.)
Pursuant to the revision of Accounting Standards for Incorporated Administrative Agencies, shares of affiliated companies are recognized at an amount equivalent to JICAs percentage share of the net assets of such companies based upon the most recent financial statements.
The differences between the acquisition cost and the fair value are recorded either in the Statement of Income or directly in Net assets.
There is no impact on profit or loss due to this revision.
6. | Standard and method for the valuation of derivative transactions |
All derivative financial instruments are carried at fair value.
F-51
Table of Contents
7. | Method for amortization of discount on bonds payable |
Discount on bonds payable is amortized over the duration of the bonds.
8. | Translation standard for foreign currency-denominated assets and liabilities into yen |
Foreign currency monetary claims and liabilities are translated into Japanese yen mainly at the spot exchange rate at the balance sheet date. Exchange differences are recognized in profit or loss.
9. | Method of hedge accounting |
(1) | Method of hedge accounting |
Interest rate swaps are accounted for using the deferral hedge accounting method or the exceptional accrual method. Currency swaps are accounted for by the assignment method.
(2) | Hedging instruments and hedged items |
[1] | Hedging instruments...Interest rate swaps |
Hedged items...Loans and foreign currency bonds
[2] | Hedging instruments...Currency swaps |
Hedged items...Foreign currency loans and foreign currency bonds
(3) | Hedging policy |
JICA enters into interest rate swaps or currency swaps for the purpose of hedging interest rate or currency fluctuation risks.
(4) | Method of evaluation of hedge effectiveness |
Hedges that offset market fluctuations of loans are assessed based on discrepancies with regard to maturity and notional principal and others between hedged loans and hedging instruments.
As for interest rate swaps that satisfy the requirements of the exceptional accrual method and currency swaps that satisfy the requirements of the assignment method, JICA is not required to periodically evaluate hedge effectiveness.
10. | Accounting treatment for consumption taxes |
Consumption taxes and local consumption taxes are included in transaction amounts.
F-52
Table of Contents
Notes to the financial statements
Finance and Investment Account
(Balance Sheet)
1. Joint obligations
JICA is jointly liable for obligations arising from the following bonds issued by the former Japan Bank for International Cooperation which was succeeded by the Japan Bank for International Cooperation:
Fiscal Investment and Loan Program (FILP) Agency Bonds |
¥ | 20,000,000,000 |
2. Financial assets received as collateral
The fair value of financial assets received as collateral at JICAs disposal was ¥4,803,421,200.
3. Undisbursed balance of loan commitments
Most of JICAs loans are long term. Ordinarily, when receiving a request for disbursement of a loan from a borrower, corresponding to the intended use of funds as stipulated by the loan agreement, and upon confirming the fulfillment of conditions prescribed under the loan agreement, JICA promises to loan a certain amount of funds within a certain range of the amount required by the borrower, with an outstanding balance within the limit of loan commitments. The undisbursed balance of loan commitments as of March 31, 2021 was ¥7,272,140,180,942.
(Statement of Administrative Service Operation Cost)
1. Cost being borne by the public for the operation of Incorporated Administrative Agency
Administrative service operation cost |
¥ | 101,064,384,929 | ||||
Self-revenues, etc. |
¥ | (134,071,960,932) | ||||
Opportunity cost |
¥ | 9,816,466,635 | ||||
|
||||||
Cost being borne by the public for |
||||||
the operation of Incorporated Administrative Agency |
¥ | (23,191,109,368) |
2. Method for computing opportunity cost
(1) | Interest rate used to compute opportunity cost concerning government investment |
0.120% with reference to the yield of 10-year fixed-rate Japanese government bonds at March 31, 2021.
(2) | Method for computing opportunity cost for public officers temporarily transferred to JICA |
Of the estimated increase in retirement allowance during service rendered in JICA, costs are calculated in accordance with JICAs internal rules.
F-53
Table of Contents
(Statement of Cash Flows)
The funds shown in the statement of cash flows are deposit accounts and checking accounts.
1. Breakdown of balance sheet items and ending balance of funds
(as of March 31, 2021)
Cash and deposits |
¥220,490,351,756 | |||||||
Time deposits |
¥0 | |||||||
|
||||||||
Ending balance of funds |
¥220,490,351,756 |
2. Description of significant non-cash transactions
(1) Assets acquired under finance leases |
||||||||
Tools, furniture, and fixtures |
¥6,821,112 | |||||||
(2) Additional asset retirement obligations |
Additional asset retirement obligations were recorded in the current fiscal year.
As a result, the increase in assets and liabilities is as follows:
Buildings | ¥35,237,409 | |||||
Asset retirement obligations |
¥35,237,409 |
(Financial instruments)
1. Status of financial instruments
(1) | Policy regarding financial instruments |
The Finance and Investment Account undertakes financial cooperation operations by providing debt and equity financing. In undertaking these operations, it raises funds by borrowing from the Japanese Government under the FILP, borrowing from financial institutions, issuing bonds, and receiving capital investment from the Japanese Government. From the perspective of asset-liability management (ALM), derivative transactions are entered into for mitigating the adverse impact caused by interest rate and foreign exchange fluctuations.
(2) | Details of financial instruments and related risks |
The financial assets held in the Finance and Investment Account are loans mainly to the Developing Area, and are exposed to credit risk attributed to defaults by its borrowers and interest rate risk. Securities, investment securities, shares of affiliated companies and money held in trust are held for policy-oriented purposes, and are exposed to credit risk of issuers and others, interest rate risk, and market price volatility risk.
Borrowings and bonds are exposed to liquidity risk as their payments or repayments cannot be duly serviced in such a situation where the account is unable to have access to markets for certain reasons.
In addition to the above, foreign currency claims and liabilities are exposed to foreign exchange fluctuation risk.
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(3) | Risk management system for financial instruments |
[1] | Credit risk management |
The Finance and Investment Account has established and operates a system for credit management. This system encompasses credit appraisal, credit limit setting, credit information monitoring, internal rating, guarantee and collateral setting, problem loan management, etc., in accordance with integrated risk management rules and various credit risk-monitoring rules. This credit management is carried out by the operational departments (including region department), in addition to the Credit Risk Analysis and Environmental Review Department and General Affairs Department. Additionally, the Risk Management Committee of the Finance and Investment Account and Board Meeting convene on a regular basis for the purpose of deliberating or reporting. Moreover, the Office of Audit monitors the status of credit management.
The credit risks of issuers of investment securities and shares of affiliated companies and trustees of money held in trust are monitored by the Private Sector Partnership and Finance Department, which regularly confirms their credit information, etc.
Counterparty risk in derivative transactions is monitored by regularly confirming the exposure and credit standing of counterparties and by securing collateral as necessary.
[2] | Market risk management |
(i) | Interest rate risk management |
Interest rates are determined in accordance with the methods prescribed by laws or statements of operational procedures. Interest rate swap transactions are conducted to hedge against the risk of interest rate fluctuations in light of their possible adverse impact.
(ii) | Foreign exchange risk management |
Foreign currency claims and liabilities are exposed to foreign exchange fluctuation risk; as such, foreign currency claims are funded by foreign currency liabilities, and currency swaps and other approaches are employed to avert or reduce foreign exchange risk.
(iii) | Price volatility risk management |
Stocks and other securities that are held for policy-oriented purposes are monitored for changes in value affected by the market environment or financial condition of the companies, exchange rates, and other factors.
This information is reported on a regular basis to the Risk Management Committee of the Finance and Investment Account and Board Meeting.
[3] | Liquidity risk management related to fund raising |
The Finance and Investment Account prepares a funding plan and executes fund raising based on the government-affiliated agencies budgets, as resolved by the National Diet of Japan.
[4] | Derivative transaction management |
Pursuant to rules concerning swaps, derivative transactions are implemented and managed by separating the sections related to execution of transactions, assessment of hedge effectiveness, and logistics management based on a mechanism with an established internal system of checks and balances.
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2. Fair value of financial instruments
Balance sheet amount, fair value, and difference at the balance sheet date are as follows:
(Unit: Yen)
Balance sheet amount*1 | Fair value | Difference | ||||
(1) Loans |
13,341,709,724,403 | |||||
Allowance for loan losses | (176,362,554,433) | |||||
13,165,347,169,970 | 13,641,596,750,199 | 476,249,580,229 | ||||
(2) Claims probable in bankruptcy, claims probable in rehabilitation, and other |
87,062,884,239 | |||||
Allowance for loan losses | (87,062,884,239) | |||||
| | | ||||
(3) Borrowings from government fund for FILP (including current portion of borrowings) |
(2,622,751,986,000) | (2,658,216,055,917) | 35,464,069,917 | |||
(4) Bonds (including current portion of bonds) |
(908,210,600,000) | (952,564,773,087) | 44,354,173,087 | |||
(5) Derivative transactions*2 |
||||||
Derivative transactions not qualifying for hedge accounting | (2,553,663,459) | (2,553,663,459) | | |||
Derivative transactions qualifying for hedge accounting | (7,951,175,645) | (7,951,175,645) | | |||
(10,504,839,104) | (10,504,839,104) | |
*1 Liabilities are shown in parentheses ( ).
*2 Derivatives transactions recorded in Assets and Liabilities are netted, these derivatives after netting are presented above. The figures in parentheses ( ) indicate net liabilities.
(Note 1) Method for calculating fair values of financial instruments
[1] | Loans |
The fair values of loans with floating interest rates are calculated at their book values, as policy interest rates (bank rates) are immediately reflected in their floating interest rates, and therefore, fair value approximates book value. On the other hand, fair values of loans with fixed interest rates are calculated by discounting the total amount of the principal and interest using a rate that combines a risk-free rate with the respective borrowers credit risk. As for hedged loans for which the assignment method is applied, the fair value of such currency swaps is applied.
[2] | Claims probable in bankruptcy, claims probable in rehabilitation, and other |
Regarding claims probable in bankruptcy, claims probable in rehabilitation, and other, the estimated uncollectible amount is calculated based on the expected recoverable amount through collateral and guarantees. Therefore, fair value approximates the balance sheet amount, less the current estimated uncollectible amount, and hence is calculated accordingly.
[3] | Borrowings from government fund for FILP (including current portion of borrowings) |
The fair value of borrowings from government fund for FILP (including current portion of borrowings) is calculated by discounting the total amount of principal and interest using interest rates expected to be applied to new borrowings for the same total amount.
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[4] | Bonds (including current portion of bonds) |
The fair value of bonds (including current portion of bonds) is determined using market observable prices if available. For bonds without market observable prices, the fair values are calculated by discounting contractual cash flows at the risk free rate. As for hedged bonds for which the exceptional accrual method and assignment method are applied, the fair value of such interest rate swaps and currency swaps is applied.
[5] | Derivative transactions |
Derivative transactions are interest rate-related transactions (interest rate swaps), and fair values are based on discounted present values. Interest rate swaps for which the exceptional accrual method is applied and currency swaps for which the assignment method is applied are accounted for together with the corresponding loan or bond. The fair value of these hedging instruments is included in the fair value of the underlying loans or bonds.
(Note 2) | The following are financial instruments whose fair values are deemed to be extremely difficult to determine. They are not included in the fair value information of financial instruments. |
(Unit: Yen) | ||||
Balance sheet amount | ||||
Investment securities *1 |
6,644,809,096 | |||
Shares of affiliated companies *1 |
76,088,813,760 | |||
Money held in trust *2 |
60,952,968,634 | |||
Undisbursed balance of loan commitments *3 |
0 |
*1 These financial instruments have no market prices, and the calculation of their fair values is deemed to be impractical.
*2 The money held in trust is composed of the assets in the trust for which it is difficult to determine the fair value.
*3 The fair values of the undisbursed balances of loan commitments are deemed to be extremely difficult to determine. The main reason is the difficulty of reasonably estimating future extensions of loans, because of the extremely diverse range of implementation formats for projects in the Developing Area where these loans are provided.
(Money held in trust)
1. Money held in trust for the purpose of investment
Not applicable.
2. Money held in trust for the purpose of investment and held-to-maturity
Not applicable.
3. Other (other than for the purpose of investment and held-to-maturity)
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Table of Contents
(Unit: Yen) | ||||||||||
Balance sheet amount |
Acquisition cost |
Difference | The amount by which the |
The amount by which the balance sheet amount does not exceed the acquisition cost | ||||||
Money held in trust for others |
60,952,968,634 | 53,856,137,974 | 7,096,830,660 | 7,096,830,660 | 0 |
(Note) The amount by which the balance sheet amount exceeds the acquisition cost and The amount by which the balance sheet amount does not exceed the acquisition cost are the breakdown of Difference.
(Retirement benefits)
1. | Overview of retirement benefit plans |
To provide retirement benefits for employees, JICA has a defined benefit pension plan comprised of a defined benefit corporate pension plan and a lump-sum severance indemnity plan, and a defined contribution plan comprised of a defined contribution pension plan.
2. | Defined benefit pension plan |
(1) | The changes in the retirement benefit obligation are as follows: |
(Unit: Yen) | ||||
Retirement benefit obligation at the beginning of the fiscal year |
6,495,427,271 | |||
|
||||
Current service cost |
273,328,292 | |||
Interest cost |
33,582,100 | |||
Actuarial differences |
99,278,855 | |||
Retirement benefit paid |
(376,713,019) | |||
Past service cost |
0 | |||
Contribution by employees | 16,293,328 | |||
|
||||
Retirement benefit obligation at the end of the fiscal year |
6,541,196,827 | |||
|
(2) | The changes in the plan assets are as follows: |
(Unit: Yen) | ||||
Plan assets at the beginning of the fiscal year |
2,269,775,603 | |||
|
||||
Expected return on plan assets |
45,395,512 | |||
Actuarial differences |
357,754,384 | |||
Contribution by the company |
109,430,168 | |||
Retirement benefit paid |
(98,309,550) | |||
Contribution by employees | 16,293,328 | |||
|
||||
Plan assets at the end of the fiscal year |
2,700,339,445 | |||
|
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Table of Contents
(3) | Reconciliation of the retirement benefit obligations and plan assets and provision for retirement benefits and prepaid pension expenses in the balance sheets |
(Unit: Yen) | ||||
Funded retirement benefit obligation |
2,868,131,662 | |||
Plan assets |
(2,700,339,445) | |||
|
||||
Unfunded benefit obligations of funded pension plan |
167,792,217 | |||
Unfunded benefit obligations of unfunded pension plan |
3,673,065,165 | |||
|
||||
Subtotal |
3,840,857,382 | |||
Unrecognized actuarial differences |
0 | |||
Unrecognized past service cost |
0 | |||
|
||||
Net amount of assets and liabilities in the balance sheets |
3,840,857,382 | |||
|
||||
Provision for retirement benefits |
3,840,857,382 | |||
Prepaid pension expenses |
0 | |||
|
||||
Net amount of assets and liabilities in the balance sheets |
3,840,857,382 | |||
|
(4) | Components of retirement benefit expenses |
(Unit: Yen) | ||||
Current service cost |
273,328,292 | |||
Interest cost |
33,582,100 | |||
Expected return on plan assets |
(45,395,512) | |||
Realized actuarial differences |
(258,475,529) | |||
Amortization of past service cost |
0 | |||
Extraordinary additional retirement payments |
0 | |||
|
||||
Total |
3,039,351 | |||
|
(5) | Major components of plan assets |
Percentages of components to the total are as follows:
Bonds |
28% | |||
Stocks |
44% | |||
General account of life insurance company |
17% | |||
Others |
11% | |||
|
||||
Total |
100% | |||
|
(6) | Method of determining the long-term expected rate of return on plan assets |
The long-term expected rate of return on plan assets is determined based on components of plan assets, the actual historical returns, and market condition, etc.
(7) | Assumptions used |
Principal assumptions used in actuarial calculations at the end of the fiscal year
Discount rate |
Defined benefit corporate pension plan | 0.23% | ||
Retirement benefits | 0.74% | |||
Long-term expected rate of return on plan assets |
2.00% |
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Table of Contents
3. | Defined contribution plan |
The amount of contribution required to be made to the defined contribution plan is ¥12,430,013.
(Lease transactions)
Future minimum lease payments related to operating lease transactions
Future minimum lease payments due within one year of the balance sheet date | ¥ | 129,367 | ||
Future minimum lease payments corresponding to periods more than one year from the balance sheet date | ¥ | 0 |
(Asset retirement obligations)
1. | Overview of asset retirement obligations |
In accordance with a building lease agreement, JICA has the obligation to restore the head office building to its original state. Restoration costs are reasonably estimated and recognized as asset retirement obligations.
2. | Amount and calculation method of asset retirement obligations |
The estimate for the asset retirement obligations assumes a five-year lease period for the projected period of use and a discount rate between (0.048)% and 0.529%.
3. | Changes in the total amount of asset retirement obligations in the current fiscal year |
(Unit: Yen) | ||||
Balance at the beginning of the fiscal year |
70,374,150 | |||
Increase related to acquisition of tangible assets |
35,237,409 | |||
Adjustment resulting from passage of time |
(1,409) | |||
Decrease due to settlement of asset retirement obligations |
| |||
Balance at the end of the fiscal year |
105,610,150 |
(Additional information)
With regard to the impact of COVID-19 pandemic, allowance for loan losses of ¥263,425 million and provision for contingent losses of ¥2,889 million were recorded based on the circumstances of each debtor and based on the assumption that the economy will gradually recover from next year with additional fiscal stimulus and progress in vaccination.
These assumptions are consistent with the baseline scenario of the World Economic Outlook (WEO) announced by the International Monetary Fund (IMF) in April 2021. Since the situation related to COVID-19 is expected to remain highly uncertain worldwide, JICA may need to increase the allowance for loan losses and provision for contingent losses in subsequent fiscal years if, for example, the debtors credit rating deteriorates beyond current expectations over the medium to long term.
(Significant contractual liabilities)
Contract liabilities JICA is obliged to pay during the next fiscal year and thereafter are ¥6,268,972,140.
(Significant subsequent events)
N/A
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Table of Contents
The Accompanying Supplementary Schedules
Finance and Investment Account
(1) Details of acquisition and disposal of non-current assets, depreciation, and accumulated impairment losses
(Unit: Yen) | ||||||||||||||||||||||||||||||||||||||||||||||
Type |
Balance at the beginning of the period |
Increase during the period |
Decrease period |
Balance at the |
Accumulated depreciation
|
Accumulated impairment losses
|
Net assets at the |
Remarks |
||||||||||||||||||||||||||||||||||||||
Depreciation during the period |
Impairment losses during the period |
Impairment losses not included in expenses |
||||||||||||||||||||||||||||||||||||||||||||
Tangible assets
(Depreciation included in expenses) |
Buildings
|
4,030,423,078 | 65,240,968 | 8,678,771 | 4,086,985,275 | 1,343,663,861 | 120,688,015 | 664,850,656 | 0 | 0 | 2,078,470,758 | |||||||||||||||||||||||||||||||||||
Structures
|
98,256,953 | 0 | 0 | 98,256,953 | 34,951,348 | 4,925,597 | 11,670,468 | 0 | 0 | 51,635,137 | ||||||||||||||||||||||||||||||||||||
Machinery and equipment
|
199,154,780 | 1,768,956 | 0 | 200,923,736 | 79,380,291 | 3,892,296 | 102,287,680 | 0 | 0 | 19,255,765 | ||||||||||||||||||||||||||||||||||||
Vehicles
|
551,924,127 | 52,996,250 | 16,678,637 | 588,241,740 | 313,114,564 | 62,148,051 | 0 | 0 | 0 | 275,127,176 | ||||||||||||||||||||||||||||||||||||
Tools, furniture, and fixtures
|
779,093,874 | 21,808,517 | 469,416,172 | 331,486,219 | 206,675,789 | 152,700,561 | 0 | 0 | 0 | 124,810,430 | ||||||||||||||||||||||||||||||||||||
Total
|
5,658,852,812 | 141,814,691 | 494,773,580 | 5,305,893,923 | 1,977,785,853 | 344,354,520 | 778,808,804 | 0 | 0 | 2,549,299,266 | ||||||||||||||||||||||||||||||||||||
Tangible
assets (Non-depreciable assets) |
Land
|
12,703,270,000 | 0 | 0 | 12,703,270,000 | 0 | 0 | 6,091,196,973 | 0 | 0 | 6,612,073,027 | |||||||||||||||||||||||||||||||||||
Construction in progress
|
321,626 | 3,528,634 | 321,626 | 3,528,634 | 0 | 0 | 0 | 0 | 0 | 3,528,634 | ||||||||||||||||||||||||||||||||||||
Total
|
12,703,591,626 | 3,528,634 | 321,626 | 12,706,798,634 | 0 | 0 | 6,091,196,973 | 0 | 0 | 6,615,601,661 | ||||||||||||||||||||||||||||||||||||
Total tangible assets |
Buildings
|
4,030,423,078 | 65,240,968 | 8,678,771 | 4,086,985,275 | 1,343,663,861 | 120,688,015 | 664,850,656 | 0 | 0 | 2,078,470,758 | |||||||||||||||||||||||||||||||||||
Structures
|
98,256,953 | 0 | 0 | 98,256,953 | 34,951,348 | 4,925,597 | 11,670,468 | 0 | 0 | 51,635,137 | ||||||||||||||||||||||||||||||||||||
Machinery and equipment
|
199,154,780 | 1,768,956 | 0 | 200,923,736 | 79,380,291 | 3,892,296 | 102,287,680 | 0 | 0 | 19,255,765 | ||||||||||||||||||||||||||||||||||||
Vehicles
|
551,924,127 | 52,996,250 | 16,678,637 | 588,241,740 | 313,114,564 | 62,148,051 | 0 | 0 | 0 | 275,127,176 | ||||||||||||||||||||||||||||||||||||
Tools, furniture, and fixtures
|
779,093,874 | 21,808,517 | 469,416,172 | 331,486,219 | 206,675,789 | 152,700,561 | 0 | 0 | 0 | 124,810,430 | ||||||||||||||||||||||||||||||||||||
Land
|
12,703,270,000 | 0 | 0 | 12,703,270,000 | 0 | 0 | 6,091,196,973 | 0 | 0 | 6,612,073,027 | ||||||||||||||||||||||||||||||||||||
Construction in progress
|
321,626 | 3,528,634 | 321,626 | 3,528,634 | 0 | 0 | 0 | 0 | 0 | 3,528,634 | ||||||||||||||||||||||||||||||||||||
Total
|
18,362,444,438 | 145,343,325 | 495,095,206 | 18,012,692,557 | 1,977,785,853 | 344,354,520 | 6,870,005,777 | 0 | 0 | 9,164,900,927 | ||||||||||||||||||||||||||||||||||||
Intangible assets (Depreciation included in expenses) |
Trademark rights
|
731,316 | 0 | 0 | 731,316 | 567,183 | 59,685 | 0 | 0 | 0 | 164,133 | |||||||||||||||||||||||||||||||||||
Software
|
7,950,951,806 | 475,295,035 | 0 | 8,426,246,841 | 4,251,476,472 | 1,600,143,524 | 0 | 0 | 0 | 4,174,770,369 | ||||||||||||||||||||||||||||||||||||
Total
|
7,951,683,122 | 475,295,035 | 0 | 8,426,978,157 | 4,252,043,655 | 1,600,203,209 | 0 | 0 | 0 | 4,174,934,502 | ||||||||||||||||||||||||||||||||||||
Intangible assets (Non-depreciable assets) |
Software in progress
|
355,029,191 | 584,775,719 | 98,830,196 | 840,974,714 | 0 | 0 | 0 | 0 | 0 | 840,974,714 | |||||||||||||||||||||||||||||||||||
Total
|
355,029,191 | 584,775,719 | 98,830,196 | 840,974,714 | 0 | 0 | 0 | 0 | 0 | 840,974,714 | ||||||||||||||||||||||||||||||||||||
Total intangible assets |
Trademark rights
|
731,316 | 0 | 0 | 731,316 | 567,183 | 59,685 | 0 | 0 | 0 | 164,133 | |||||||||||||||||||||||||||||||||||
Software
|
7,950,951,806 | 475,295,035 | 0 | 8,426,246,841 | 4,251,476,472 | 1,600,143,524 | 0 | 0 | 0 | 4,174,770,369 | ||||||||||||||||||||||||||||||||||||
Software in progress
|
355,029,191 | 584,775,719 | 98,830,196 | 840,974,714 | 0 | 0 | 0 | 0 | 0 | 840,974,714 | ||||||||||||||||||||||||||||||||||||
Total
|
8,306,712,313 | 1,060,070,754 | 98,830,196 | 9,267,952,871 | 4,252,043,655 | 1,600,203,209 | 0 | 0 | 0 | 5,015,909,216 | ||||||||||||||||||||||||||||||||||||
Investments and other assets |
Investment securities
|
3,875,388,472 | 3,113,791,639 | 344,371,015 | 6,644,809,096 | 0 | 0 | 0 | 0 | 0 | 6,644,809,096 | |||||||||||||||||||||||||||||||||||
Shares of affiliated companies
|
46,732,120,903 | 29,356,692,857 | 0 | 76,088,813,760 | 0 | 0 | 0 | 0 | 0 | 76,088,813,760 | ||||||||||||||||||||||||||||||||||||
Money held in trust
|
52,912,364,816 | 16,496,837,395 | 8,456,233,577 | 60,952,968,634 | 0 | 0 | 0 | 0 | 0 | 60,952,968,634 | ||||||||||||||||||||||||||||||||||||
Claims probable in bankruptcy, claims probable in rehabilitation, and other
|
87,062,884,239 | 0 | 0 | 87,062,884,239 | 0 | 0 | 0 | 0 | 0 | 87,062,884,239 | ||||||||||||||||||||||||||||||||||||
Allowance for loan losses (non-current)
|
(87,062,884,239 | ) | 0 | 0 | (87,062,884,239 | ) | 0 | 0 | 0 | 0 | 0 | (87,062,884,239 | ) | |||||||||||||||||||||||||||||||||
Long-term prepaid expenses
|
1,311,036 | 18,155,042 | 14,109,876 | 5,356,202 | 0 | 0 | 0 | 0 | 0 | 5,356,202 | ||||||||||||||||||||||||||||||||||||
Long-term guarantee deposits
|
679,312,894 | 9,943,255 | 6,679,282 | 682,576,867 | 0 | 0 | 0 | 0 | 0 | 682,576,867 | ||||||||||||||||||||||||||||||||||||
Total
|
104,200,498,121 | 48,995,420,188 | 8,821,393,750 | 144,374,524,559 | 0 | 0 | 0 | 0 | 0 | 144,374,524,559 |
F-61
Table of Contents
(2) Details of securities
Securities recorded under investments and other assets
(Unit: Yen)
|
Name | Acquisition cost
|
Amount equivalent to
|
Balance sheet amount |
Valuation difference
|
Valuation difference
|
Remarks
| ||||||||||||||||||
Shares of
affiliated companies |
Sumatra Pulp Corporation
|
2,758,289,455 | 1 | 1 | 0 | 0 | ||||||||||||||||||
Japan Saudi Arabia Methanol Co., Inc.
|
7,149,297,104 | 21,205,832,186 | 21,205,832,186 | 0 | 14,056,535,082 | |||||||||||||||||||
SPDC Ltd.
|
7,269,880,619 | 21,538,912,171 | 21,538,912,171 | 0 | 14,269,031,552 | |||||||||||||||||||
KAFCO Japan Investment Co., Ltd.
|
2,436,204,983 | 2,496,210,503 | 2,496,210,503 | 0 | 60,005,520 | |||||||||||||||||||
Nippon Amazon Aluminum Co., Ltd.
|
25,066,535,300 | 23,947,381,825 | 23,947,381,825 | (84,912,049 | ) | 0 | ||||||||||||||||||
JAPAN ASEAN Women Empowerment Fund
|
6,040,658,393 | 6,216,101,725 | 6,216,101,725 | 0 | 175,443,332 | |||||||||||||||||||
Ship Aichi Medical Service Limited
|
748,809,600 | 684,375,349 | 684,375,349 | (33,295,973 | ) | 0 | ||||||||||||||||||
Total
|
51,469,675,454 | 76,088,813,760 | 76,088,813,760 | (118,208,022 | ) | 28,561,015,486 | ||||||||||||||||||
Other investment securities |
Type and name
|
|
Acquisition cost |
|
Fair value | |
Balance sheet amount |
|
|
Valuation difference
|
|
|
Valuation difference on available-for-sale securities |
|
Remarks | |||||||||
Prototype Carbon Fund
|
1 | - | 1 | 0 | 0 | |||||||||||||||||||
The First MicroFinanceBank Ltd.
|
218,880,000 | - | 172,992,000 | 0 | (45,888,000 | ) | ||||||||||||||||||
Myanmar Japan Thilawa Development Ltd.
|
321,372,900 | - | 297,564,300 | 0 | (23,808,600 | ) | ||||||||||||||||||
Gojo & Company, Inc.
|
999,997,307 | - | 999,997,307 | 0 | 0 | |||||||||||||||||||
WASSHA Inc.
|
29,203,406 | - | 29,203,406 | 0 | 0 | |||||||||||||||||||
MGM Sustainable Energy Fund L.P.
|
944,002,674 | - | 1,103,370,674 | 165,533,921 | (6,165,921 | ) | ||||||||||||||||||
Asia Climate Partners LP
|
399,958,824 | - | 0 | (399,958,824 | ) | 0 | The amount of valuation difference recognized in the Statement of Income of the period includes the amount of loss on liquidation of investment securities. | |||||||||||||||||
IFC Middle East and North Africa Fund, LP
|
493,525,564 | - | 339,982,650 | (155,765,155 | ) | 2,222,241 | ||||||||||||||||||
MGM Sustainable Energy Fund II L.P.
|
1,186,286,977 | - | 1,269,208,274 | 50,070,566 | 32,850,731 | |||||||||||||||||||
I&P Afrique Entrepreneurs II LP
|
230,480,185 | - | 137,361,597 | (100,240,286 | ) | 7,121,698 | ||||||||||||||||||
WWB Capital Partners II, L.P. | 169,478,468 | - | 146,053,387 | (30,815,587 | ) | 7,390,506 | ||||||||||||||||||
Covid-19 Emerging and Frontier Markets MSME Support Fund | 2,054,847,000 | - | 2,149,075,500 | 0 | 94,228,500 | |||||||||||||||||||
Total | 7,048,033,306 | - | 6,644,809,096 | (471,175,365 | ) | 67,951,155 | ||||||||||||||||||
Total balance sheet amount |
82,733,622,856 |
* | Acquisition cost of other securities related to the investment to investment limited partnership and other equivalent funds includes the amount equivalent to JICAs percentage share of the accumulated profit/loss amount for the previous term. |
F-62
Table of Contents
(3) Details of loans
(Unit: Yen)
|
||||||||||||||||||||||||
Classification |
Balance at the
|
Increase during the
|
Decrease during the period
|
Balance at the end of the period
|
Remarks
|
|||||||||||||||||||
Collection, etc.
|
Write-off
|
|||||||||||||||||||||||
Loans
|
|
12,614,846,099,374
|
|
|
1,427,731,671,588
|
|
|
700,868,046,559
|
|
|
0
|
|
|
13,341,709,724,403
|
|
|||||||||
Claims probable in bankruptcy, claims probable in rehabilitation, and other |
|
87,062,884,239
|
|
|
0
|
|
|
0
|
|
|
0
|
|
|
87,062,884,239
|
|
|||||||||
Total
|
|
12,701,908,983,613
|
|
|
1,427,731,671,588
|
|
|
700,868,046,559
|
|
|
0
|
|
|
13,428,772,608,642
|
|
F-63
Table of Contents
(4) Details of borrowings
(Unit: Yen)
|
||||||||||||||||||||||||||
Classification |
Balance at the
|
Increase during the period |
Decrease during the period |
Balance at the end of the period |
Average
|
Maturity date | Remarks | |||||||||||||||||||
Borrowings from government fund for Fiscal Investment and Loan Program |
2,069,182,358,000 | 667,500,000,000 | 113,930,372,000 |
|
2,622,751,986,000
(104,069,412,000)
|
|
0.468 | April 2021-
January 2060 |
* | Figures in parentheses ( ) indicate the amount of borrowings repayable within one year. |
F-64
Table of Contents
(5) Details of bonds
(Unit: Yen)
Security name
|
Balance at the beginning of the period
|
Increase during the period
|
Decrease during
|
Translation
|
Balance at the end of the period
|
Coupon (%)
|
Maturity date
|
Remarks
|
||||||||||||||||||||||
FILP Agency Bonds |
||||||||||||||||||||||||||||||
FILP Agency Bonds (1st) |
30,000,000,000 | 0 | 0 | |
|
|
|
30,000,000,000 ( 0) |
|
2.470 | September 2028 | |||||||||||||||||||
FILP Agency Bonds (2nd) |
30,000,000,000 | 0 | 0 | |
|
|
|
30,000,000,000 ( 0) |
|
2.341 | June 2029 | |||||||||||||||||||
FILP Agency Bonds (3rd) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
2.134 | December 2029 | |||||||||||||||||||
FILP Agency Bonds (4th) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
2.079 | June 2030 | |||||||||||||||||||
FILP Agency Bonds (5th) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
1.918 | September 2030 | |||||||||||||||||||
FILP Agency Bonds (6th) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
2.098 | December 2030 | |||||||||||||||||||
FILP Agency Bonds (7th) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
1.991 | June 2031 | |||||||||||||||||||
FILP Agency Bonds (8th) |
15,000,000,000 | 0 | 0 | |
|
|
|
15,000,000,000 ( 0) |
|
1.554 | September 2026 | |||||||||||||||||||
FILP Agency Bonds (9th) |
5,000,000,000 | 0 | 0 | |
|
|
|
5,000,000,000 ( 0) |
|
2.129 | September 2041 | |||||||||||||||||||
FILP Agency Bonds (11th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 (10,000,000,000) |
|
1.140 | December 2021 | |||||||||||||||||||
FILP Agency Bonds (12th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.901 | June 2022 | |||||||||||||||||||
FILP Agency Bonds (13th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.752 | June 2032 | |||||||||||||||||||
FILP Agency Bonds (14th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.825 | September 2022 | |||||||||||||||||||
FILP Agency Bonds (15th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.724 | September 2032 | |||||||||||||||||||
FILP Agency Bonds (17th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.720 | December 2022 | |||||||||||||||||||
FILP Agency Bonds (18th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.868 | June 2023 | |||||||||||||||||||
FILP Agency Bonds (19th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.725 | June 2033 | |||||||||||||||||||
FILP Agency Bonds (20th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.787 | September 2023 | |||||||||||||||||||
FILP Agency Bonds (21st) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.734 | September 2033 | |||||||||||||||||||
FILP Agency Bonds (23rd) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.684 | February 2024 | |||||||||||||||||||
FILP Agency Bonds (24th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.655 | June 2024 | |||||||||||||||||||
FILP Agency Bonds (25th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.520 | June 2034 | |||||||||||||||||||
FILP Agency Bonds (26th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.588 | September 2024 | |||||||||||||||||||
FILP Agency Bonds (27th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.451 | September 2034 | |||||||||||||||||||
FILP Agency Bonds (29th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.583 | June 2025 | |||||||||||||||||||
FILP Agency Bonds (30th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.299 | June 2035 | |||||||||||||||||||
FILP Agency Bonds (31st) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.530 | September 2025 | |||||||||||||||||||
FILP Agency Bonds (32nd) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.212 | September 2035 | |||||||||||||||||||
FILP Agency Bonds (33rd) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
1.130 | December 2035 | |||||||||||||||||||
FILP Agency Bonds (34th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.245 | February 2026 | |||||||||||||||||||
FILP Agency Bonds (35th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.080 | June 2026 | |||||||||||||||||||
FILP Agency Bonds (36th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.313 | June 2036 | |||||||||||||||||||
FILP Agency Bonds (37th) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
0.100 | September 2026 | |||||||||||||||||||
FILP Agency Bonds (38th) |
15,000,000,000 | 0 | 0 | |
|
|
|
15,000,000,000 ( 0) |
|
0.590 | September 2046 | |||||||||||||||||||
FILP Agency Bonds (39th) |
5,000,000,000 | 0 | 0 | |
|
|
|
5,000,000,000 ( 0) |
|
0.744 | February 2037 | |||||||||||||||||||
FILP Agency Bonds (40th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.220 | June 2027 | |||||||||||||||||||
FILP Agency Bonds (41st) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.602 | June 2037 | |||||||||||||||||||
FILP Agency Bonds (42nd) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
0.597 | September 2037 | |||||||||||||||||||
FILP Agency Bonds (43rd) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
0.625 | December 2037 | |||||||||||||||||||
FILP Agency Bonds (44th) |
15,000,000,000 | 0 | 0 | |
|
|
|
15,000,000,000 ( 0) |
|
0.200 | June 2028 | |||||||||||||||||||
FILP Agency Bonds (45th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.559 | June 2038 | |||||||||||||||||||
FILP Agency Bonds (46th) |
20,000,000,000 | 0 | 0 | |
|
|
|
20,000,000,000 ( 0) |
|
0.664 | September 2038 | |||||||||||||||||||
FILP Agency Bonds (47th) |
15,000,000,000 | 0 | 0 | |
|
|
|
15,000,000,000 ( 0) |
|
0.636 | December 2038 | |||||||||||||||||||
FILP Agency Bonds (48th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.059 | June 2029 | |||||||||||||||||||
FILP Agency Bonds (49th) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.333 | June 2039 | |||||||||||||||||||
FILP Agency Bonds (50th) |
12,000,000,000 | 0 | 0 | |
|
|
|
12,000,000,000 ( 0) |
|
0.055 | September 2029 | |||||||||||||||||||
FILP Agency Bonds (51st) |
18,000,000,000 | 0 | 0 | |
|
|
|
18,000,000,000 ( 0) |
|
0.538 | December 2049 | |||||||||||||||||||
FILP Agency Bonds (52nd) |
10,000,000,000 | 0 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.055 | March 2030 | |||||||||||||||||||
FILP Agency Bonds (53rd) |
0 | 10,000,000,000 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.160 | June 2030 | |||||||||||||||||||
FILP Agency Bonds (54th) |
0 | 13,000,000,000 | 0 | |
|
|
|
13,000,000,000 ( 0) |
|
0.445 | June 2040 | |||||||||||||||||||
FILP Agency Bonds (55th) |
0 | 10,000,000,000 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.150 | September 2030 | |||||||||||||||||||
FILP Agency Bonds (56th) |
0 | 12,000,000,000 | 0 | |
|
|
|
12,000,000,000 ( 0) |
|
0.459 | September 2040 | |||||||||||||||||||
FILP Agency Bonds (57th) |
0 | 10,000,000,000 | 0 | |
|
|
|
10,000,000,000 ( 0) |
|
0.130 | December 2030 | |||||||||||||||||||
FILP Agency Bonds (58th) |
0 | 5,000,000,000 | 0 | |
|
|
|
5,000,000,000 ( 0) |
|
0.420 | December 2040 | |||||||||||||||||||
Subtotal | 630,000,000,000 | 60,000,000,000 | 0 | |
|
|
|
690,000,000,000 (10,000,000,000) |
|
F-65
Table of Contents
Continued from previous page
Security name
|
Balance at the beginning of the period
|
Increase during the period
|
Decrease during the period
|
Translation Adjustments
|
Balance at the end of the period
|
Coupon (%)
|
Maturity date
|
Remarks
|
||||||||||||||||||||||||
Government-guaranteed bonds |
||||||||||||||||||||||||||||||||
Japan International Cooperation Agency Government-guaranteed bonds (2nd) |
|
52,665,400,000 [$500,000,000] |
|
|
0 [ $0] |
|
|
0 [ $0] |
|
450,400,000 | |
53,115,800,000 [$500,000,000] ( 0) |
|
2.125 | October 2026 | |||||||||||||||||
Japan International Cooperation Agency Government-guaranteed bonds (3rd) |
|
54,179,950,000 [$500,000,000] |
|
|
0 [ $0] |
|
|
0 [ $0] |
|
788,200,000 | |
54,968,150,000 [$500,000,000] ( 0) |
|
2.750 | April 2027 | |||||||||||||||||
Japan International Cooperation Agency Government-guaranteed bonds (4th) |
|
54,233,950,000 [$500,000,000] |
|
|
0 [ $0] |
|
|
0 [ $0] |
|
788,200,000 | |
55,022,150,000 [$500,000,000] ( 0) |
|
3.375 | June 2028 | |||||||||||||||||
Japan International Cooperation Agency Government-guaranteed bonds (5th) |
|
0 [$0] |
|
|
53,703,500,000 [$500,000,000] |
|
|
0 [ $0] |
|
1,401,000,000 | |
55,104,500,000 [$500,000,000] |
|
1.000 | July 2030 | |||||||||||||||||
Subtotal | |
161,079,300,000 [$1,500,000,000] |
|
|
53,703,500,000 [$500,000,000] |
|
|
0 [ $0] |
|
3,427,800,000 | |
218,210,600,000 [$2,000,000,000] ( 0) |
|
|||||||||||||||||||
Total |
791,079,300,000 | 113,703,500,000 | 0 | 3,427,800,000 | |
908,210,600,000 (10,000,000,000) |
|
* | Figures in parentheses indicate the amount of bonds redeemable within one year. The amount in [ ] is denominated in a foreign currency. |
F-66
Table of Contents
(6) Details of provisions
(Unit: Yen) | ||||||||||||||||||||||||
Classification |
Balance at the beginning of the period |
Increase during the period |
Decrease during the period |
Balance at the end of the period |
Remarks |
|||||||||||||||||||
Intended use | Others | |||||||||||||||||||||||
Provision for bonuses | 336,838,488 | 340,773,166 | 336,838,488 | 0 | 340,773,166 | |||||||||||||||||||
Provision for contingent losses | 2,042,877,932 | 2,889,391,466 | 0 | 2,042,877,932 | 2,889,391,466 | |||||||||||||||||||
Total |
2,379,716,420 | 3,230,164,632 | 336,838,488 | 2,042,877,932 | 3,230,164,632 |
* | Decrease during the period (Others) for the provision for contingent losses indicates the amount of reversal of the provision after revaluation, etc. |
F-67
Table of Contents
(7) Details of allowance for loan losses, etc.
(Unit: Yen) | ||||||||||||||||||||||||||||
Classification | Balance of loans, etc. | Balance of allowance for loan losses | Remarks | |||||||||||||||||||||||||
Balance at the beginning of the period
|
Increase or decrease during the period |
Balance at the end of the period |
Balance at the beginning of the period
|
Increase or decrease during the period |
Balance at the end of the period |
|||||||||||||||||||||||
Loans |
12,614,846,099,374 | 726,863,625,029 | 13,341,709,724,403 | 142,052,753,983 | 34,309,800,450 | 176,362,554,433 | ||||||||||||||||||||||
Claims probable in bankruptcy, claims probable in rehabilitation, and other | 87,062,884,239 | 0 | 87,062,884,239 | 87,062,884,239 | 0 | 87,062,884,239 | ||||||||||||||||||||||
Total | 12,701,908,983,613 | 726,863,625,029 | 13,428,772,608,642 | 229,115,638,222 | 34,309,800,450 | 263,425,438,672 |
* | The standard for the accrual of allowance for loan losses is described in No. 4 of Significant Accounting Policies. |
F-68
Table of Contents
(8) Details of provision for retirement benefits
(Unit: Yen) | ||||||||||||||||||||||
|
Classification | Balance at the beginning of the period
|
Increase during the period
|
Decrease during the period
|
Balance at the end of the period
|
Remarks
|
||||||||||||||||
Total retirement benefit obligations |
6,495,427,271 | 422,482,575 | 376,713,019 | 6,541,196,827 | ||||||||||||||||||
Retirement benefits |
3,655,415,133 | 296,053,501 | 278,403,469 | 3,673,065,165 | ||||||||||||||||||
Defined benefit corporate pension plan |
2,840,012,138 | 126,429,074 | 98,309,550 | 2,868,131,662 | ||||||||||||||||||
Unrecognized past service cost and unrecognized actuarial differences |
0 | 0 | 0 | 0 | ||||||||||||||||||
Plan assets |
2,269,775,603 | 528,873,392 | 98,309,550 | 2,700,339,445 | ||||||||||||||||||
Provision for retirement benefits |
4,225,651,668 | (106,390,817 | ) | 278,403,469 | 3,840,857,382 |
F-69
Table of Contents
(9) Details of asset retirement obligations
(Unit: Yen)
| ||||||||||||||||||||
Classification | Balance at the beginning of the period |
Increase during the period |
Decrease during the period |
Balance at the end of the period |
Remarks | |||||||||||||||
Obligation of restoration to original state based on building lease agreement | 70,374,150 | 35,237,409 | 1,409 | 105,610,150 | Specified expenses in Accounting Standards for Incorporated Administrative Agencies No. 91: None
|
F-70
Table of Contents
(10) Details of liabilities for guarantee
(Unit: Yen)
| ||||||||||||||||||
Classification |
Balance at the beginning of
|
Increase during the period
|
Decrease during the period
|
Balance at the end of the
|
Remarks | |||||||||||||
Number of bonds
|
Amount
|
Number of bonds
|
Amount
|
Number of bonds
|
Amount
|
Number of bonds |
Amount
| |||||||||||
FILP Agency Bonds (Public offering) |
2 | 40,000,000,000 | 0 | 0 | 1 | 20,000,000,000 | 1 | 20,000,000,000 |
* | JICA is jointly liable for obligations arising from the above bonds issued by the former Japan Bank for International Cooperation which was succeeded by the Japan Bank for International Cooperation. |
F-71
Table of Contents
(11) Details of remunerations and salaries of officers and employees
(Unit: Thousands of yen, persons)
|
||||||||||||||||
Classification
|
Remunerations or salaries | Retirement benefits | ||||||||||||||
Payment amount
|
Number of people
|
Payment amount
|
Number of people
|
|||||||||||||
Officers |
52,775 | 13 | 2,588 | 2 | ||||||||||||
Employees |
4,447,106 | 1,960 | 293,383 | 133 | ||||||||||||
Total |
4,499,881 | 1,973 | 295,971 | 135 |
(Notes) | 1. Payment standard of remunerations and retirement benefits to officers
Remunerations and retirement benefits to officers are paid based on Rules on Remuneration for Officers and Rules on Retirement Benefits for Officers in place for Incorporated Administrative Agency - Japan International Cooperation Agency. | |
2. Payment standard of salaries and retirement benefits to employees
Salaries and retirement benefits to employees are paid based on Rules on Salaries for Employees and Rules on Retirement Benefits for Employees in place for Incorporated Administrative Agency - Japan International Cooperation Agency. | ||
3. Number of people
As for the number of people to whom remunerations or salaries are paid, the average number of JICA officers or employees during the period is used. | ||
4. Others
There are no part-time officers or employees classified as external members. |
F-72
Table of Contents
(12) Details of main assets, liabilities, and expenses, other than those mentioned above
Operating and administrative expenses |
|
(Unit: Yen)
|
| |
Classification | Amount | |||
Operating expenses |
5,078,216,184 | |||
Information system-related expenses |
2,248,103,306 | |||
Rent expenses on real estate |
891,722,760 | |||
Travelling and transportation expenses |
498,165,251 | |||
Other expenses |
2,891,937,093 | |||
Total | 11,608,144,594 |
F-73
Table of Contents
(13) Details of affiliated companies
Corporation type and name
|
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies)
|
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies)
| ||||||||||||||||||||||
Items
|
KAFCO Japan Investment Co., Ltd.
|
Karnaphuli Fertilizer Company Limited
| ||||||||||||||||||||||
Outline of operations
|
Production of urea and ammonia in Chittagong, Peoples Republic of Bangladesh
|
Production of urea and ammonia in Chittagong, Peoples Republic of Bangladesh
| ||||||||||||||||||||||
Name of officers |
Number of officers: 9
President and CEO: Hiroshi Nakagawa Executive Vice President: Ken Odajima (Deputy Director of Southeast Asia and Oceania of JICA, Seconded) Auditor: Hironobu Takahashi (Senior Assistant Director of Private Sector Partnership and Finance Department of JICA, Seconded)
|
- | ||||||||||||||||||||||
Association chart on transactions between affiliated companies and JICA | ||||||||||||||||||||||||
JICA
|
|
KAFCO Japan Investment Co., Ltd. | JICA |
|
KAFCO Japan Investment Co., Ltd. | |||||||||||||||||||
(Equity Investment) | (Equity Investment) |
|
(Equity Investment) | |||||||||||||||||||||
Karnaphuli Fertilizer Company Limited
|
||||||||||||||||||||||||
Assets
|
¥6,739,878,525
|
|||||||||||||||||||||||
Liabilities
|
¥52,077,627
|
|||||||||||||||||||||||
Capital
|
¥5,023,900,000
|
|||||||||||||||||||||||
Retained earnings
|
¥1,663,900,898
|
|||||||||||||||||||||||
Operating revenues
|
¥1,430,814,249
|
|||||||||||||||||||||||
Ordinary (loss) income
|
¥1,308,346,245
|
|||||||||||||||||||||||
Net (loss) income
|
¥1,164,054,820
|
|||||||||||||||||||||||
Unappropriated (loss) income for the current fiscal year | ¥1,164,826,672 | |||||||||||||||||||||||
Number of company shares owned by JICA, acquisition cost, balance sheet amount, etc. | Number of company shares owned by JICA: 46,606 shares Acquisition cost: ¥2,436,204,983 Balance sheet amount: ¥2,496,210,503 (An increase of ¥60,005,520 from the end of the previous fiscal year) Legal basis: Item 2 (b), Paragraph 1, Article 13 of the Act of the Incorporated Administrative Agency - Japan International Cooperation Agency Applicable provision of the act: To lend a person designated by the Minister for Foreign Affairs, such as an organization like a juridical person in Japan or the Developing Area, the funds required for the execution of their Development Projects or making capital contributions to such persons where there is a special necessity in order to effectuate Development Projects. Purpose of investment: Capital contribution to the production of urea and ammonia by the company Date of the initial investment: July 27, 1990
|
Number of company shares owned by JICA: - Acquisition cost: - Balance sheet amount: - Legal basis: - Applicable provision of the act: - Purpose of investment: - Date of the initial investment: - | ||||||||||||||||||||||
Details of receivables and payables
|
N/A
|
- | ||||||||||||||||||||||
Details of debt guarantee
|
N/A
|
-
| ||||||||||||||||||||||
Amounts and ratios in relation to gross sales, order placement by JICA, etc. (Amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
N/A | - | ||||||||||||||||||||||
(Note) The above amount pertains to the period from September 1, 2019, through August 31, 2020.
|
||||||||||||||||||||||||
F-74
Table of Contents
Corporation type and name
|
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies)
|
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies)
| ||||||||||||||||||||||
Items
|
Nippon Amazon Aluminum Co., Ltd.
|
SPDC Ltd.
| ||||||||||||||||||||||
Outline of operations
|
Production of alumina and smelting ammonium in the State of Para, Federative Republic of Brazil
|
Production and sales of ethylene glycol and other petrochemical products in the Al Jubail Industrial Area, Eastern Province of Kingdom of Saudi Arabia
| ||||||||||||||||||||||
Name of officers |
Number of officers: 14
President and CEO: Kenji Kobayashi |
Number of officers: 18
President and CEO: Tsuyoshi Hagiwara Managing Director: Hajime Takeuchi (Director General of Latin America and the Caribbean Department of JICA, Seconded) | ||||||||||||||||||||||
Association chart on transactions between affiliated companies and JICA
|
||||||||||||||||||||||||
Nippon Amazon Aluminum Co., Ltd | ||||||||||||||||||||||||
JICA |
JICA
|
SPDC Ltd. | ||||||||||||||||||||||
(Equity Investment)
|
(Equity Investment) | |||||||||||||||||||||||
Assets
|
¥53,629,166,530
|
¥88,854,089,321
| ||||||||||||||||||||||
Liabilities
|
¥314,634,400
|
¥21,147,782,733
| ||||||||||||||||||||||
Capital
|
¥55,285,400,000
|
¥14,200,000,000
| ||||||||||||||||||||||
Retained earnings
|
(¥1,970,867,870)
|
¥53,506,306,588
| ||||||||||||||||||||||
Operating revenues
|
¥579,910,726
|
¥10,475,716,459
| ||||||||||||||||||||||
Ordinary (loss) income
|
(¥187,831,383)
|
¥9,078,853,798
| ||||||||||||||||||||||
Net (loss) income
|
(¥189,041,383)
|
¥8,177,125,268
| ||||||||||||||||||||||
Unappropriated (loss) income for the current fiscal year
|
(¥3,761,334,870)
|
¥31,456,306,588
| ||||||||||||||||||||||
Number of company shares owned by JICA, acquisition cost, balance sheet amount, etc. | Number of company shares owned by JICA: 496,652,800 shares Acquisition cost: ¥25,066,535,300 Balance sheet amount: ¥23,947,381,825 (A decrease of ¥84,912,049 from the end of the previous fiscal year) Legal basis: Item 2 (b), Paragraph 1, Article 13 of the Act of the Incorporated Administrative Agency - Japan International Cooperation Agency Applicable provision of the act: To lend a person designated by the Minister for Foreign Affairs, such as an organization like a juridical person in Japan or the Developing Area, the funds required for the execution of their Development Projects or making capital contributions to such persons where there is a special necessity in order to effectuate Development Projects. Purpose of investment: Capital contribution to the smelting of alumina and aluminum Date of the initial investment: August 29, 1978 |
Number of company shares owned by JICA: 2,107,500 shares Acquisition cost: ¥7,269,880,619 Balance sheet amount: ¥21,538,912,171 (An increase of ¥14,269,031,552 from the end of the previous fiscal year) Legal basis: Item 2 (b), Paragraph 1, Article 13 of the Act of the Incorporated Administrative Agency - Japan International Cooperation Agency Applicable provision of the act: To lend a person designated by the Minister for Foreign Affairs, such as an organization like a juridical person in Japan or the Developing Area, the funds required for the execution of their Development Projects or making capital contributions to such persons where there is a special necessity in order to effectuate Development Projects. Purpose of investment: Capital contribution to the manufacturing of ethylene glycol and other petrochemical products Date of the initial investment: June 17, 1981 | ||||||||||||||||||||||
Details of receivables and payables
|
N/A
|
N/A
| ||||||||||||||||||||||
Details of debt guarantee
|
N/A
|
N/A
| ||||||||||||||||||||||
Amounts and ratios in relation to gross sales, order placement by JICA, etc. (Amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
N/A | N/A | ||||||||||||||||||||||
(Note) The above amount pertains to the period from January 1, 2020, through December 31, 2020. |
(Note) The above amount pertains to the period from January 1, 2020, through December 31, 2020. |
F-75
Table of Contents
Corporation type and name
|
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies)
|
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies)
| ||||||||||||||||||||
Items
|
Eastern Petrochemical Company
|
Sumatra Pulp Corporation
| ||||||||||||||||||||
Outline of operations
|
Production and sales of ethylene glycol and other petrochemical products in the Al Jubail Industrial Area, Eastern Province of Kingdom of Saudi Arabia
|
Construction of a pulp mill to manufacture wood pulp from afforested acacia mangium, and production and sale of wood pulp in Muara Enim, South Sumatra, Republic of Indonesia
| ||||||||||||||||||||
Name of officers |
- |
Number of officers: 6
President and CEO: Takahiro Horita Executive Vice President: Hironobu Takahashi (Senior Assistant Director of Private Sector Partnership and Finance Department of JICA, Seconded)
Auditor: Tsutomu Kudo (Senior Deputy Director General of Private Sector Partnership and Finance Department of JICA, Concurrent position)
| ||||||||||||||||||||
Association chart on transactions between affiliated companies and JICA | ||||||||||||||||||||||
JICA
|
|
SPDC Ltd.
|
JICA
|
|
Sumatra Pulp Corporation
|
|||||||||||||||||
(Equity Investment) |
|
(Equity Investment) | (Equity Investment) | |||||||||||||||||||
Eastern Petrochemical Company
|
||||||||||||||||||||||
Assets
|
¥22,479,409
| |||||||||||||||||||||
Liabilities
|
¥797,203,462
| |||||||||||||||||||||
Capital
|
¥100,000,000
| |||||||||||||||||||||
Retained earnings
|
(¥874,724,053)
| |||||||||||||||||||||
Operating revenues
|
¥63,996,352
| |||||||||||||||||||||
Ordinary (loss) income
|
(¥29,115,953)
| |||||||||||||||||||||
Net (loss) income
|
(¥29,295,953)
| |||||||||||||||||||||
Unappropriated (loss) income for the current fiscal year | (¥874,724,053) | |||||||||||||||||||||
Number of company shares owned by JICA, acquisition cost, balance sheet amount, etc. | Number of company shares owned by JICA: - Acquisition cost: - Balance sheet amount: - Legal basis: - Applicable provision of the act: - Purpose of investment: - Date of the initial investment: - |
Number of company shares owned by JICA: 114,032 shares Acquisition cost: ¥2,758,289,455 Balance sheet amount: ¥1 (No changes from the end of the previous fiscal year) Legal basis: Item 2 (b), Paragraph 1, Article 13 of the Act of the Incorporated Administrative Agency - Japan International Cooperation Agency Applicable provision of the act: To lend a person designated by the Minister for Foreign Affairs, such as an organization like a juridical person in Japan or the Developing Area, the funds required for the execution of their Development Projects or making capital contributions to such persons where there is a special necessity in order to effectuate Development Projects. Purpose of investment: Capital contribution to the pulp manufacturing business Date of the initial investment: April 21, 1995 | ||||||||||||||||||||
Details of receivables and payables
|
-
|
N/A
| ||||||||||||||||||||
Details of debt guarantee
|
-
|
N/A
| ||||||||||||||||||||
Amounts and ratios in relation to gross sales, order placement by JICA, etc. (Amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
- | N/A | ||||||||||||||||||||
(Note) The above amount pertains to the period from April 1, 2019, through March 31, 2020. | ||||||||||||||||||||||
F-76
Table of Contents
Corporation type and name |
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies) |
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies) | ||||||||||||||||||||||
Items |
Japan Saudi Arabia Methanol Co., Inc. |
JSMC PANAMA S.A. | ||||||||||||||||||||||
Outline of operations
|
Production of methanol in the Al-Jubail Industrial Area, Eastern Province of Kingdom of Saudi Arabia | Transportation of methanol business | ||||||||||||||||||||||
Name of officers |
Number of officers: 12
Chairman: Nariyuki Nagaoka Managing Director and General Manager of the General Affairs Department: Hideyuki Maruoka (Senior Deputy Director General of Infrastructure Engineering Department of JICA, Seconded) Full-time auditor: Yasuo Fujita (Deputy Director of the Institute of JICA, Seconded)
|
- | ||||||||||||||||||||||
Association chart on transactions between affiliated companies and JICA | ||||||||||||||||||||||||
JICA |
|
Japan Saudi Arabia Methanol Co., Inc.
|
JICA |
|
Japan Saudi Arabia Methanol Co., Inc. |
|||||||||||||||||||
(Equity Investment)
|
(Equity Investment)
|
|
(Equity Investment)
|
|||||||||||||||||||||
JSMC PANAMA S.A.
|
||||||||||||||||||||||||
Assets |
¥155,369,933,369 | |||||||||||||||||||||||
Liabilities |
¥85,390,687,154 | |||||||||||||||||||||||
Capital |
¥2,310,000,000 | |||||||||||||||||||||||
Retained earnings |
¥67,950,835,215 | |||||||||||||||||||||||
Operating revenues |
¥26,378,869,426 | |||||||||||||||||||||||
Ordinary (loss) income |
¥727,955,187 | |||||||||||||||||||||||
Net (loss) income |
¥3,056,282,736 | |||||||||||||||||||||||
Unappropriated (loss) income for the current fiscal year | ¥65,221,824,507 | |||||||||||||||||||||||
Number of company shares owned by JICA, acquisition cost, balance sheet amount, etc. | Number of company shares owned by JICA: 1,386,000 shares Acquisition cost: ¥7,149,297,104 Balance sheet amount: ¥21,205,832,186 (An increase of ¥14,056,535,082 from the end of the previous fiscal year) Legal basis: Item 2 (b), Paragraph 1, Article 13 of the Act of the Incorporated Administrative Agency - Japan International Cooperation Agency Applicable provision of the act: To lend a person designated by the Minister for Foreign Affairs, such as an organization like a juridical person in Japan or the Developing Area, the funds required for the execution of their Development Projects or making capital contributions to such persons where there is a special necessity in order to effectuate Development Projects. Purpose of investment: Capital contribution to the methanol manufacturing business Date of the initial investment: December 17, 1979
|
Number of company shares owned by JICA: - Acquisition cost: - Balance sheet amount: - Legal basis: - Applicable provision of the act: - Purpose of investment: - Date of the initial investment: - | ||||||||||||||||||||||
Details of receivables and payables |
N/A | - | ||||||||||||||||||||||
Details of debt guarantee |
N/A | - | ||||||||||||||||||||||
Amounts and ratios in relation to gross sales, order placement by JICA, etc. (Amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
N/A | - | ||||||||||||||||||||||
(Note) The above amount pertains to the period from January 1, 2020, through December 31, 2020. |
||||||||||||||||||||||||
F-77
Table of Contents
Corporation type and name |
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies) |
(Affiliated companies pursuant to Paragraph 2 (2), Article 120 of the Accounting Standards for Incorporated Administrative Agencies) | ||||||||||||||||||||||
Items |
JAPAN ASEAN Women Empowerment Fund |
Ship Aichi Medical Service Limited | ||||||||||||||||||||||
Outline of operations
|
Investment and / or loan to Microfinance Institutes for empowerment of women in ASEAN countries | Establishment and operation of a private general hospital in Dhaka, Peoples Republic of Bangladesh | ||||||||||||||||||||||
Name of officers |
Number of officers: 3
Chairperson: Peter Fanconi Director: Christophe Grünig Director: Tetsuro Uemae
|
Number of officers: 9
Executive Chairman: Dr. Moazzem Hossain Director: Yuho Hayakawa (Chief Representative of JICA Bangladesh Office, Concurrent position) | ||||||||||||||||||||||
Association chart on transactions between affiliated companies and JICA | ||||||||||||||||||||||||
JICA |
|
JAPAN ASEAN Women Empowerment Fund |
JICA |
|
Ship Aichi Medical Service Limited | |||||||||||||||||||
(Equity Investment)
|
(Equity Investment)
|
|||||||||||||||||||||||
Assets |
¥23,861,931,683 | ¥6,675,681,169 | ||||||||||||||||||||||
Liabilities |
¥1,107,291,592 | ¥2,529,099,811 | ||||||||||||||||||||||
Capital |
¥22,680,094,159 | ¥4,493,180,250 | ||||||||||||||||||||||
Retained earnings |
¥74,545,931 | (¥346,598,892) | ||||||||||||||||||||||
Operating revenues |
¥1,311,959,667 | ¥86,975,176 | ||||||||||||||||||||||
Ordinary (loss) income |
¥888,419,260 | (¥270,122,161) | ||||||||||||||||||||||
Net (loss) income |
¥888,419,260 | (¥274,892,151) | ||||||||||||||||||||||
Unappropriated (loss) income for the current fiscal year | ¥74,545,931 | (¥346,598,892) | ||||||||||||||||||||||
Number of company shares owned by JICA, acquisition cost, balance sheet amount, etc. | Number of company shares owned by JICA: 5,623.44 shares Acquisition cost: ¥6,040,658,393 Balance sheet amount: ¥6,216,101,725 (An increase of ¥1,089,328,725 from the end of the previous fiscal year) Legal basis: Item 2 (b), Paragraph 1, Article 13 of the Act of the Incorporated Administrative Agency - Japan International Cooperation Agency Applicable provision of the act: To lend a person designated by the Minister for Foreign Affairs, such as an organization like a juridical person in Japan or the Developing Area, the funds required for the execution of their Development Projects or making capital contributions to such persons where there is a special necessity in order to effectuate Development Projects. Purpose of investment: Capital contribution to the fund Date of the initial investment: October 21, 2016 |
Number of company shares owned by JICA: 560,000 shares Acquisition cost: ¥748,809,600 Balance sheet amount: ¥684,375,349 (A decrease of ¥33,295,973 from the end of the previous fiscal year) Legal basis: Item 2 (b), Paragraph 1, Article 13 of the Act of the Incorporated Administrative Agency - Japan International Cooperation Agency Applicable provision of the act: To lend a person designated by the Minister for Foreign Affairs, such as an organization like a juridical person in Japan or the Developing Area, the funds required for the execution of their Development Projects or making capital contributions to such persons where there is a special necessity in order to effectuate Development Projects. Purpose of investment: Capital contribution to the establishment and operation of a private general hospital Date of the initial investment: May 22, 2019
| ||||||||||||||||||||||
Details of receivables and payables |
N/A | N/A | ||||||||||||||||||||||
Details of debt guarantee |
N/A | N/A | ||||||||||||||||||||||
Amounts and ratios in relation to gross sales, order placement by JICA, etc. (Amounts and ratios of competitive contracts, planning competitions and public selections, and non-competitive negotiated contracts)
|
N/A | N/A | ||||||||||||||||||||||
(Note) The above amount pertains to the period from January 1, 2020, through December 31, 2020. |
(Note) The above amount pertains to the period from July 1, 2019, through June 30, 2020. | |||||||||||||||||||||||
F-78
Exhibit 3
Consent of Independent Auditor
We consent to the incorporation by reference in the Registration Statement (No.333-216521) of Japan International Cooperation Agency of our report dated June 18, 2021, with respect to the financial statements of the general account of Japan International Cooperation Agency included in its Annual Report on Form 18-K for the year ended March 31, 2021.
/s/ Ernst & Young ShinNihon LLC
Tokyo, Japan
September 27, 2021
Consent of Independent Auditor
We consent to the incorporation by reference in the Registration Statement (No.333-216521) of Japan International Cooperation Agency of our report dated June 18, 2021, with respect to the financial statements of the finance and investment account of Japan International Cooperation Agency included in its Annual Report on Form 18-K for the year ended March 31, 2021.
/s/ Ernst & Young ShinNihon LLC
Tokyo, Japan
September 27, 2021
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