Reference Material
Tokyo Metropolitan Government
Annual Financial Report
Fiscal Year 2019
This is a provisional English version of Fiscal Year 2019 Tokyo Metropolitan Government Annual Financial Report. This material is furnished solely for the purpose of the reader's reference only. If there is any conflict and/or discrepancy between this material and the Japanese original of the Annual Financial Report, information in the Japanese original prevails.
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In addition, TMG is the only municipality that does not receive local allocation tax grants and consequently needs to perform financial management more self-reliantly than other municipalities. Meanwhile, in comparison to FY1993, in which expenses peaked prior to FY2018, the ٳ percentage of revenue accounted for by local government bonds (TMG bonds) in FY2018 was lower. Following the collapse of the bubble economy, TMG utilized funds and issued the largest ٳ number of TMG bonds ever issued in order to supplement the fall in tax revenues. The result was that the TMG fell into an unprecedented financial crisis with a rapid increase in the balance of TMG bonds and a record actual balance deficit in FY1998, etc. Later, as a part of efforts towards fiscal reconstruction, the TMG endeavored to reduce ٳ investment expenses and control TMG bond issuance. 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Each index is calculated as a ratio against the standard financial scale. Real deficit ratio Consolidated real deficit ratio (Ratio of real deficit amount [general accounts, etc.]) (Ratio of real deficit amount [all accounts based]) Early consolidation standard 5.55% Early consolidation standard 10.55% Fiscal reconstruction standard 8.59% Fiscal reconstruction standard 18.59% 㸫 㸫 (There is no real deficit) (There is no consolidated real deficit) Real debt payment ratio Future burden ratio (Ratio of general revenues sources used for redemption of (Ratio of future burden expected in general accounts, etc.) local government bonds [3-year average]) Early consolidation standard 400% Early consolidation standard 25% Fiscal reconstruction standard - Fiscal reconstruction standard 35% FY2018 FY2019 FY2018 FY2019 1.5% 1.5% 22.7% 23.6% Capital shortage ratio Index showing degree of deterioration of management status in public enterprises. Calculated as the ratio of capital shortage against business scale of public enterprise accounts. Early consolidation standard 20% For all accounts 㸫 There is no capital shortage) *There are a total of twelve TMG account types to which capital shortage ratios apply; Hospitals, Central Wholesale Markets, Urban Redevelopment Projects, Waterfront Areas Development Projects, Port and Harbor Projects, Transportation, Urban Rapid Transit Railways, Electric Power, Waterworks, Industrial Waterworks, Sewerage and Slaughterhouses. * 1. Standard financial scale indicates the scale of operational general revenue sources for local governments under standard conditions. 2. 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billion 7RN\R *DPHV WKH 70* DLPHG WR Funds VHFXUH ILQDQFLDO UHVRXUFHV WKURXJK WKH Funds transferred SURDFWLYH XWLOL]DWLRQ RI IXQGV WUDQVIHUUHG transferred TMG bonds LQFOXGLQJ ZLWKGUDZDOV IURP IXQGV DQG 3.0% 20.2% FXUEHG 70* ERQG LVVXDQFH 51.6% 3URMHFWUHYLHZDSSURDFKHV ٹ PRXQWRIILQDQFLDOUHVRXUFHVVHFXUHGWKURXJKILQDQFLDOUHYLHZV$ ٷ 3URMHFW UHYLHZV DUH DQ DSSURDFK LQYROYLQJ س WKH UHGHVLJQ RI UHYLHZ HIIRUWV LQ RUGHU WR (Billion yen) H[WHQG WKH DFKLHYHPHQWV RI SURMHFW UHYLVLRQV 120 LPSOHPHQWHG LQWHQVLYHO\ GXULQJ WKH SHULRG RI 100 ILQDQFLDO UHFRQVWUXFWLRQ DIWHU DFKLHYLQJ Amount secured over 4 yyearsears 80 ILQDQFLDO UHFRQVWUXFWLRQ Approx.Approx. ¥350b¥350billionillion $ SHUIRUPDQFH UHFRUG ZDV VWHDGLO\ 60 س HVWDEOLVKHG WKURXJK PXOWLIDFHWHG H[DPLQDWLRQV LQ WKH SURFHVV RI EXGJHW 40 IRUPDWLRQ DV ZHOO DV WKH ULJRURXV 20 H[DPLQDWLRQ RI SURMHFW UHVXOWV DQG LQ WKH IRXU \HDUV IURP )< WKH 70* VHFXUHG 0 ILQDQFLDO UHVRXUFHV RI DERXW ELOOLRQ \HQ 07 08 09 10 11 12 13 14 15 16 17 18 19 20 (FY) *Amounts shown for each fiscal year are based on initial budgets. 31 &KDSWHU± 5HVSRQVHVWR&29,' 5HVSRQVHVWKURXJKVXSSOHPHQWDU\EXGJHWVHWF 6LQFH )HEUXDU\ WKH 70* KDV LPSOHPHQWHG HPHUJHQF\ PHDVXUHV RQ D VFDOH HTXLYDOHQW WR D س WRWDO RI DSSUR[ WULOOLRQ \HQ WKURXJK VHYHUDO VXSSOHPHQWDU\ EXGJHW IRUPDWLRQV HWF DV D UHVSRQVH WR WKH VSUHDG RI &29,' )LJXUHV >)LJXUH@(PHUJHQF\PHDVXUHVUHODWHGWR&29,' Supplementary Measures column budget Main items amounts, etc. ؞Spread prevention assistance fund ¥156.0 billion (Incl. assistance funds related to shorter business hours) Payment of benefits for medical personnel, etc. ¥83.3 billion Measures to prevent the spread ؞ ¥649.5 billion Available bed securement fee subsidy for patient acceptance ¥96.8 billion of COVID-19 ؞ ؞Accommodation facility utilization projects ¥37.1 billion ؞Payment of “Provisional support for medical institutions ¥20.0 billion accepting COVID-19 patients” Reinforcement and enhancement ؞Small and medium enterprise financing system, etc. ¥716.1 billion of safety nets that support Livelihood welfare funds loans subsidy ¥114.3 billion billion ؞ ¥908.9 economic activities and the ؞Payment of “Support benefits for Tokyo rents, etc.” ¥44.0 billion livelihoods of Tokyo citizens ؞Business format conversion support for restaurant businesses ¥5.3 billion Approaches aiming for compatibility with infection Support for business development for new lifestyles billion ؞ ¥11.7 billion ¥17.7 prevention measures and socio- ؞Expansion of anti-COVID-19 measures in schools ¥4.7 billion economic activities Approaches to overcome immediate crises by promoting Emergency support to promote working-from-home ¥45.0 billion billion ؞ ¥57.4 transformation of social ؞Environment development for online study at schools, etc. ¥11.5 billion structures Total ¥1,633.5 billion * Supplementary budget amounts, etc. are total amounts up to the September FY2020 supplementary budget (provisional), and include responses through reserve funds and existing expenses, and public enterprise account budgets. >)LJXUH@%UHDNGRZQRIILQDQFLDOUHVRXUFHV >)LJXUH @)LVFDODGMXVWPHQWIXQGVEDODQFH IRUHPHUJHQF\PHDVXUHV ¥58.0 billion (Billion yen) ¥25.0 billion ¥147.3 billion Fiscal adjustment funds transfers 1,000 800 National treasury disbursements 600 ¥860.3 TMG bonds 400 ¥542.9 billion Advanced welfare city realization billion fund transfers 200 Others 0 (QG)< (QG)< * Others includes responses through reserve funds and existing * The figure for end FY2020 is a budget based estimate that reflects the expenses, and public enterprise account budgets (excl. allocations September FY2020 supplementary budget (provisional), and includes the of national treasury disbursements). 70.2 billion yen mandatory reserve amount of the FY2019 results surplus. 32 7RN\R DFFRXQWV IRU DERXW RI -DSDQ¶V WRWDO UHDO *'3 DQG DORQJ ZLWK WKH PDQ\ FRPSDQLHV س LQGXVWULHV DQG LQIRUPDWLRQ JDWKHUHG KHUH PDQ\ SHRSOH IURP -DSDQ DQG DEURDG DOVR JDWKHU KHUH PDNLQJ 7RN\R WKH KXE IRU FRQQHFWLRQV WR DOO 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HFRQRPLHV´ ZKHQ FRQVLGHULQJ WKH DFWXDO *'3 JURZWK UDWH IRU WKH PRVW UHFHQW TXDUWHU DQG WKH HFRQRPLF RXWORRN IURP )< RQZDUGV WKH KLJKHVW OHYHO RI VFUXWLQ\ ZLOO VWLOO EH UHTXLUHG LQ UHODWLRQ WR GRPHVWLF DQG RYHUVHDV LQIHFWLRQ WUHQGV )LJXUHV >)LJXUH@4XDUWHUO\UHDO*'3 JURZWKUDWHV >)LJXUH@3URMHFWUHDO*'3JURZWKUDWHV 2.0 3URMHFWLRQ %RG\ )< )< 0.0 &DELQHW 2IILFH -2.0 a ٫ DQNRI-DSDQ a% -4.0 -6.0 ,QWHUQDWLRQDO -8.0 0RQHWDU\)XQG -10.0 * From “Mid-Year Economic Projection for FY2020” (Cabinet Office), “Outlook Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun for Economic Activity and Prices (July 2020” (Bank of Japan), and the “World )< )< Economic Outlook Update (June 2020)” (International Monetary Fund). * From “Quarterly Estimates of GDP for April - June 2020 (First * Cabinet Office and Bank of Japan figures are for the fiscal year, while Preliminary Estimates)” (Cabinet Office). 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FDQ EH FRQVLGHUHG 1RZ ZH ZLOO ORRN DW LVVXH PDUJLQ ZLWK D IRFXV RQ GHSHQGHQF\ RQ ERQG LVVXDQFH DQG 70* ERQGV س EDODQFH SHU 7RN\R FLWL]HQ IURP WKH SHUVSHFWLYHV RI IORZ DQG VWRFN LQ WKH XWLOL]DWLRQ RI 70* ERQGV LUVWZHORRNDWGHSHQGHQF\RQERQGLVVXDQFHIURPWKHIORZSHUVSHFWLYH( س HSHQGHQF\ RQ ERQG LVVXDQFH LV DQ LQGLFDWRU RI WKH SHUFHQWDJH RI WRWDO DQQXDO UHYHQXHV' س DFFRXQWHG IRU E\ WKH ERQG LVVXDQFH DPRXQW DQG VKRZV WKH GHJUHH WR ZKLFK WKH EXGJHW LV GHSHQGHQW RQ 70* ERQGV HSHQGHQF\RQERQGLVVXDQFHEDVHGRQWKH)<JHQHUDODFFRXQWVLQLWLDOEXGJHWLV' س 7KLVLVDVLJQLILFDQWO\ORZHUOHYHOFRPSDUHGWRSDVW70*OHYHOVDQGVWDWHDQGORFDOILQDQFLQJ SURJUDPV )LJXUH >)LJXUH@&KDQJHVLQGHSHQGHQF\RQERQGLVVXDQFHLQ 70*VWDWHDQGORFDOILQDQFLQJSURJUDPV TMG State Local financing program (%) 48.0 50.0 40.0 31.7 30.0 17.5 16.4 20.0 10.2 10.0 11.7 2.8 3.9 7.6 0.0 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 (FY) * General account initial budget based values 36 1H[WZHORRNDW70*ERQGVEDODQFHIURPWKHVWRFNSHUVSHFWLYH 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Examination of validity, feasibility, and cost, from the perspectives of improving cost- ICT related reviews effectiveness and securing practicality, in the development and operation of information systems and the deployment of new projects that utilize ICT. Regarding projects that are implemented through expenditures to policy cooperation Reviews of expenditures to bodies, examinations concerning necessity, benefit, and the appropriateness of policy cooperation bodies implementation by said bodies. Project reviews accompanying Examination of project implementation methods, etc. including execution systems, from the reviews of execution systems perspective of aiming for efficient and effective project execution. Reviews of projects which aim Analysis and examination of optimal contracting methods, including debt burdens and to utilize contracts spanning utilization of multiple fiscal year contracts through long-term continuous contracts, as well multiple fiscal years as single-year contracts. Evidence based (objective indicators) examination of project appropriateness using Evidence based (objective statistical data and technological indicators, etc. for the development/refurbishment of indicators) reviews facilities and procurement of important assets, and the implementation of subsidized/subcontracted projects, etc. V ZH KDYH VHHQ LQ WKLV FKDSWHU ZLWK DQ HYHQ KDUVKHU ILQDQFLDO HQYLURQPHQW IRUHFDVW IRU WKH$ س IXWXUH WKH 70* PXVW EULQJ WKH ILQDQFLDO FDSDELOLWLHV QXUWXUHG WR GDWH LQWR IXOO SOD\ DQG SURPRWH XQFHDVLQJ SURMHFW UHYLHZV LQ RUGHU WR GHDO DSSURSULDWHO\ ZLWK SUHVVLQJ LVVXHV VXFK DV WKH IXUWKHU UHLQIRUFHPHQW RI PHDVXUHV DJDLQVW &29,' 38 呋 'XH WR WKH WKRURXJK DSSURDFKHV WR HOLPLQDWH DQ\ ZDVWHIXO DVSHFWV IURP WKH SHUVSHFWLYH RI :LVH 6SHQGLQJ HWF WKH DFWXDO EDODQFH RI UHYHQXHV DQG H[SHQVHV LQ WKH )< ILQDQFLDO UHVXOWV UHPDLQHG LQ WKH EODFN 呋 +RZHYHU GXH WR WKH LPSDFW RI &29,' WKH HFRQRPLF RXWORRN KDV EHFRPH FORXG\ DQG ZLWK WKH LPSOHPHQWDWLRQ RI QHZ LUUHJXODU FRUUHFWLYH DFWLRQV XQGHU WKH )< WD[ UHIRUPV LQ DGGLWLRQ WR 7RN\R¶V UHYHQXH VWUXFWXUHV ZKLFK DUH VXVFHSWLEOH WR HFRQRPLF IOXFWXDWLRQV WKH IXWXUH ILQDQFLDO HQYLURQPHQW LV IRUHFDVW WR EHFRPH HYHQ KDUVKHU 呋 :LWKLQ WKLV EDFNGURS WKHUH LV GHPDQG IRU WKH SURPRWLRQ RI VWHDG\ LPSOHPHQWDWLRQ RI PHDVXUHV VXFK DV SUHSDUDWLRQV IRU GLVDVWHUV DQG UHVSRQVHV WR WKH GHFOLQH LQ SRSXODWLRQGHFOLQLQJ ELUWKUDWH DQG DJLQJ SRSXODWLRQ LQ DGGLWLRQ WR GHDOLQJ DSSURSULDWHO\ ZLWK SUHVVLQJ LVVXHV EHJLQQLQJ ZLWK PHDVXUHV DJDLQVW &29,' WR FUHDWH D VRFLHW\ LQ ZKLFK HYHU\RQH FDQ OLYH LQ SHDFH DQG SDUWLFLSDWH ZLWK YLWDOLW\ 呋 )XUWKHUPRUH WKHUH LV D QHHG IRU WKH DVVHUWLYH GHSOR\PHQW RI PHDVXUHV WKDW ZLOO OHDG WR VXVWDLQDEOH JURZWK IRU 7RN\R DQG -DSDQ DV D ZKROH WDNLQJ LQWR FRQVLGHUDWLRQ DSSURDFKHV WRZDUGV WKH JUHDWHU UHILQHPHQW RI 7RN\R¶V ³(DUQLQJ &DSDELOLWLHV´ VXFK DV WKH UHDOL]DWLRQ RI ³*OREDO )LQDQFLDO &LW\ 7RN\R´ WKH UHDOL]DWLRQ RI ³=HUR (PLVVLRQ 7RN\R´ DQG SHUVSHFWLYHV RI 6'*V DQG VXVWDLQDEOH UHFRYHU\ HWF 呋 ,Q DGGLWLRQ DORQJ ZLWK WKH DFFHOHUDWLRQ RI GLJLWDOL]DWLRQ WR HQULFK WKH OLYHOLKRRGV RI 7RN\R¶V FLWL]HQV DQG LPSURYH SURGXFWLYLW\ LW ZLOO EH LPSRUWDQW WR SURPRWH DSSURDFKHV WKDW ZLOO FUHDWH D QHZ VRFLHW\ VXFK DV WKH SURPRWLRQ RI VWUXFWXUDO UHIRUPV IRU 7RN\R ZLWK DQ H\H WR D IXWXUH ZKHUH &29,' KDV EHHQ RYHUFRPH HWF 呋 7R DFKLHYH WKLV DORQJ ZLWK EULQJLQJ LQWR SOD\ WKH ILQDQFLDO FDSDELOLWLHV QXUWXUHG WR GDWH VXFK DV IXQGV DQG 70* ERQGV D KHDOWK\ ILQDQFLDO IRXQGDWLRQ PXVW EH PDLQWDLQHG WKURXJK WKH IXUWKHU UHLQIRUFHPHQW RI DSSURDFKHV WR SURMHFW UHYLHZV WRJHWKHU ZLWK FRQWLQXRXV UHYLHZV RI H[LVWLQJ PHDVXUHV WR DVFHUWDLQ QHFHVVLW\ DQG XUJHQF\ LQ RUGHU WR PD[LPL]H WKH HIIHFW RI HDFK SURMHFW 呋 :KLOH WKHUH DUH GLIILFXOWLHV LQ IRUHFDVWLQJ IXWXUH ILQDQFLDO HQYLURQPHQWV WKH 70* ZLOO ZRUN WR UHVROYH WKH PRXQWLQJ LVVXHV IDFLQJ 70* ILQDQFHV DQG VWHDGLO\ IXOILO WKH PLVVLRQV EHVWRZHG XSRQ 70* ILQDQFHV ZKLOH NHHSLQJ DQ H\H RQ IXWXUH ILQDQFLDO PDQDJHPHQW 39 40 Fiscal Year 2019 Tokyo Metropolitan Government Financial Report ڮ 41 (1) TMG Comprehensive Financial Statements Summary of Financial Statements ߦ In comparison to the end of the previous fiscal year, total assets had increased by 629.6 billion yen to 49,075.8 billion yen, while total liabilities had decreased by 344.1 billion yen to 13,665.8 billion yen, and the net asset ratio, which represents the percentage of the total net assets to the total assets, was 72.2% (71.1% as of the end of the previous fiscal year). ߦ In special accounts, which are outside of the scope of the ordinary account, total net assets reached 49.8 billion yen. ߦ In public enterprise accounts, the net asset ratio was 57.9% (57.0% as of the end of the previous fiscal year). ߦ With respect to policy cooperation bodies, their financial health improved in general. For further improvement of financial position, it is essential that each of the bodies continues to enhance its management efforts. 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Fiscal Year 2019 Tokyo Metropolitan Government Ordinary Account Financial Statement (1) Ordinary Account Balance Sheet 㻔㻭㼟㻌㼛㼒㻌㻹㼍㼞㼏㼔㻌㻟㻝㻘㻌㻞㻜㻞㻜㻕 Item FY2019 FY2018 Change in amount Assets I Current assets 1,932.8 1,866.0 66.7 Cash and deposits 553.9 511.1 42.7 Uncollected revenues 67.1 63.2 3.9 Reserve for deficits due to non-payment (8.0) (8.3) 0.3 Fund reserves 1,215.0 1,187.9 27.1 Fiscal adjustment fund 934.4 842.7 91.6 Sinking fund 280.6 345.1 (64.5) Short-term loans 105.4 112.6 (7.1) Allowance for bad debt (0.8) (0.8) (0.0) Other current assets -0.2(0.2) II Fixed assets 33,255.4 32,696.6 558.8 1. Administrative assets 7,998.2 7,751.3 246.8 1. Fixed tangible assets 7,992.7 7,745.9 246.8 Buildings 2,389.4 2,265.6 123.8 Structures 288.4 266.8 21.6 Timber 0.6 0.6 (0.0) Vessels 7.6 6.6 0.9 Aircraft 4.2 1.8 2.3 Buoys etc. 2.4 0.4 1.9 Land 5,299.8 5,203.7 96.0 2. Intangible fixed assets 5.4 5.4 0.0 Surface rights 5.4 5.4 0.0 Other intangible fixed assets --- 2. Ordinary assets 1,597.7 1,462.9 134.8 1. Fixed tangible assets 1,586.7 1,451.3 135.3 Buildings 361.3 274.0 87.3 Structures 48.3 49.3 (0.9) Timber 0.0 0.0 0.0 Vessels 0.0 0.0 0.0 Aircraft --- Buoys etc. 0.0 0.0 (0.0) Land 1,176.8 1,127.9 48.9 2. Intangible fixed assets 11.0 11.5 (0.5) Surface rights 0.3 1.1 (0.8) Other intangible fixed assets 10.6 10.3 0.3 3. Important property 74.0 73.0 1.0 4. Infrastructure assets 14,754.2 14,652.9 101.2 1. Tangible fixed assets 14,739.3 14,638.9 100.4 Buildings 46.5 50.3 (3.7) Structures 1,994.5 2,067.6 (73.0) Buoys 0.7 0.2 0.4 Land 12,697.5 12,520.7 176.7 2. Intangible fixed assets 14.8 14.0 0.8 Surface rights 14.8 14.0 0.8 Other intangible fixed assets --- 5. Software 2.8 0.6 2.2 6. Leased assets 1.2 1.2 (0.0) 7. Construction in progress 1,306.3 1,352.9 (46.5) 8. Software in progress 3.4 2.2 1.1 9. Investment and other assets 7,517.2 7,399.1 118.1 Securities 239.1 240.8 (1.6) Investments and subventions 644.6 636.1 8.5 Allowance for Investment Loss --- Public enterprise account investments 2,179.1 2,134.6 44.5 Long-term loans 1,018.9 1,009.4 9.4 Allowance for bad debt (2.3) (2.6) 0.3 Other obligations 10.7 10.1 0.6 Fund Reserves 3,259.5 3,203.3 56.2 Sinking fund 1,273.1 1,254.1 19.0 Special purpose fund 1,692.1 1,656.6 35.5 Fixed sum management fund 294.1 292.5 1.6 Other investments etc. 167.3 167.3 0.0 Total assets 35,188.2 34,562.6 625.6 46 (in䠄༢䠖൨䠅 billion yen) Item FY2019 FY2018 Change in amount Liabilities I Current liabilities 448.1 507.8 (59.6) Unpaid refunds 2.2 2.2 (0.0) TMG bonds 326.7 392.2 (65.5) Short-term borrowing 2.3 0.0 2.3 Borrowing from other accounts 2.3 - 2.3 Fund operational costs --- Other short-term borrowing 0.0 0.0 0.0 Lease obligations 0.1 0.1 0.0 Arrearage --- Deferred payments --- Unpaid guarantee liabilities --- Other accounts payable --- Reserve for bonus 115.2 111.6 3.5 Other current liabilities 1.5 1.4 0.0 II Fixed liabilities 6,062.6 6,228.8 (166.1) TMG bonds 5,087.4 5,275.2 (187.7) Long-term borrowing 7.2 9.8 (2.6) Borrowing from other accounts 6.8 9.4 (2.6) Fund operational costs --- Other long-term borrowing 0.3 0.3 (0.0) Lease obligations 0.4 0.6 (0.1) Reserve for retirement allowances 947.4 921.5 25.8 Other reserves --- Other fixed liabilities 20.0 21.5 (1.5) Guaranty deposits --- Other fixed liabilities 20.0 21.5 (1.5) Total liabilities 6,510.8 6,736.7 (225.8) Net Assets Net assets 28,677.4 27,825.9 851.5 (of which is increase/decrease in the current period) 851.5 137.6 713.8 Total net assets 28,677.4 27,825.9 851.5 Total liabilities and net assets 35,188.2 34,562.6 625.6 47 (2) Ordinary Account Administrative Cost Statement (From April 1, 2019, to March 31, 2020) (in billion yen) Item FY2019 FY2018 Change in amount Ordinary Balance I. Administrative balance 1. Administrative revenues 6,683.9 6,352.3 331.5 Local taxes 5,739.5 5,463.8 275.7 Local transfer taxes 271.5 276.8 (5.3) Local special grant 17.7 5.9 11.7 Allocations for municipalities with facilities owned by 0.0 0.0 0.0 the national government Miscellaneous tax-related revenues 0.0 0.0 (0.0) National treasury disbursements 293.2 268.9 24.2 Traffic safety special grant 2.6 2.6 (0.0) Operating revenues (special account) 0.0 1.4 (1.4) Shares and charges 7.8 7.2 0.5 Fees and charges 149.5 150.9 (1.4) Revenues from property 12.7 12.5 0.1 Miscellaneous (commissioned work revenues) 53.9 53.6 0.2 Miscellaneous 108.6 106.2 2.3 Donations 0.0 0.0 0.0 Funds transferred 2.3 1.6 0.6 Miscellaneous administrative revenues 24.1 0.0 24.0 2. Administrative expenses 5,921.9 5,581.5 340.4 Tax-related expenses 1,436.0 1,421.8 14.2 Payroll-related expenses 1,366.7 1,348.2 18.4 Building expenses 335.2 300.2 34.9 Maintenance and repair expenses 106.2 104.6 1.5 Social welfare expenses 136.2 131.3 4.9 Subsidizing expenses etc. 1,331.6 1,131.6 200.0 Subsidized investment costs 59.0 51.0 7.9 Independent investment expenses 366.5 369.2 (2.6) Direct government investment expenses 36.9 45.4 (8.5) Subventions 27.5 18.6 8.9 Transfers 277.8 279.0 (1.2) Depreciation expenses 201.9 198.2 3.7 Debt guaranty expenses --- Transfer to reserve for deficit due to non-payment 5.0 7.2 (2.1) Transfer to allowance for bad debt 0.2 0.1 0.0 Transfer to reserve for bonus 115.2 111.6 3.5 Transfer to reserve for retirement allowances 115.6 59.6 55.9 Transfer to other reserves --- Other administrative expenses 3.8 3.0 0.8 II. Financial balance 1. Financial revenues 13.8 14.0 (0.1) Revenues from interest earned and dividends 13.8 14.0 (0.1) 2. Financial expenses 59.7 66.1 (6.3) Expenses for public bonds (interest) 58.0 64.5 (6.5) TMG bond issuing fees 1.5 1.3 0.1 Discount on TMG bonds 0.1 0.2 (0.0) Interest on borrowing from other accounts 0.0 0.0 (0.0) Ordinary balance 716.0 718.6 (2.6) Special Balance I. Special revenues 148.9 80.2 68.7 Profit on sale of fixed assets 6.5 20.6 (14.0) Other special revenues 142.3 59.6 82.7 II. Special expenses 144.9 698.6 (553.7) Loss on sale of fixed assets 1.0 1.3 (0.2) Loss on disposal of fixed assets 64.2 12.9 51.3 Disaster recovery expenses 1.5 0.7 0.7 Deficit due to non-payment 0.1 1.4 (1.2) Bad debts loss 0.1 0.1 (0.0) Other special expenses 77.8 682.1 (604.2) Balance for the current period 720.0 100.2 619.8 48 (3) Ordinary Account Cash Flow Statement (From April 1, 2019, to March 31, 2020) (in billion yen) Item FY2019 FY2018 Change in amount Item FY2019 FY2018 Change in amount I. Administrative services activities II. Social capital improvement investment activities Tax revenues etc. 6,021.9 5,745.3 276.5 National treasurydisbursement etc. 64.3 72.2 (7.9) Local taxes 5,732.6 5,462.5 270.1 National treasury disbursement 60.9 68.4 (7.4) Local transfer taxes 271.5 276.8 (5.3) Shares and charges 2.6 3.1 (0.4) Local special grants 17.7 5.9 11.7 Amount transferred etc. 0.6 0.7 (0.0) Allocations for municipalities with facilities Revenues from property 15.3 42.8 (27.4) 0.0 0.0 0.0 owned by the national government Cash from sale of property 15.3 42.8 (27.4) Miscellaneous tax-related revenues 0.0 0.0 (0.0) Funds transferred 441.7 418.3 23.4 National treasury disbursement etc. 296.4 271.7 24.7 Financial adjustment fund --- National treasury disbursement 293.7 269.0 24.7 Sinking fund --- Traffic safety special grant 2.6 2.6 (0.0) Special purpose fund 441.7 418.3 23.4 Other administrativerevenues 333.7 333.7 0.0 Fixed amount invest fund --- Operating revenues (special account) 0.0 1.4 (1.4) Revenues from collection of loan principal etc 295.0 349.7 (54.6) Shares and charges 7.7 7.2 0.5 Security depositrevenues 0.1 0.2 (0.0) Fees and charges 149.3 150.9 (1.5) Revenues from property 12.7 12.6 0.1 Social capital improvement expenses 554.7 957.2 (402.5) Miscellaneous (commissioned work revenues) 53.9 53.6 0.2 Building expenses 8.3 7.4 0.8 Miscellaneous 107.6 106.1 1.4 Subsidizing expenses etc. 0.0 0.8 (0.8) Donations 0.0 0.0 0.0 Subsidized investment costs 98.4 128.0 (29.6) Funds transferred 2.3 1.6 0.6 Independent investment expenses 447.9 820.9 (372.9) Financial revenues 13.8 14.0 (0.1) Funds reserved 571.0 191.5 379.5 Revenues from interest earned and dividends 13.8 14.0 (0.1) Financial adjustment fund 91.6 126.2 (34.5) Sinking fund --- Tax-related expenses 1,436.0 1,421.8 14.2 Special purpose fund 477.6 63.3 414.3 Tax-related expenses 1,436.0 1,421.8 14.2 Fixed sum management fund 1.6 1.9 (0.2) Administrative expenses 4,221.7 3,964.4 257.3 Loans and investments, etc. 387.7 366.7 21.0 Payroll-related expenses 1,571.0 1,550.2 20.8 Investments and subventions 45.5 37.1 8.4 General and miscellaneous expenses 335.1 300.1 35.0 Transfers (other accounts) 44.5 51.4 (6.8) Maintenance and repair expenses 106.2 104.2 1.9 Loans 297.6 278.1 19.4 Social welfare expenses 136.2 131.3 4.9 Deposit expenses 0.0 0.1 (0.1) Subsidizing expenses etc. 1,332.5 1,132.2 200.3 Balance of social capital improvement investment activities (696.8) (632.2) (64.5) Subsidized investment costs 59.0 51.0 7.9 Balance of administrative activities cash flow 250.1 279.4 (29.3) Independent investment expenses 366.5 370.5 (4.0) III. Financing activities Direct government investment expenses 36.9 45.4 (8.5) Revenues from financing activities 140.4 143.5 (3.1) Amount transferred 277.9 279.1 (1.2) TMG bonds 138.5 142.7 (4.1) Financial expenses 59.7 66.0 (6.3) Loans from other accounts 1.8 0.8 1.0 Expenses for public bonds (interest, fees) 59.6 66.0 (6.3) Fund management fees --- Interests on borrowing from other accounts 0.0 0.0 (0.0) Funds transferred - 0.0 (0.0) Special expenses 1.5 0.7 0.7 Disaster recovery business expenses 1.5 0.7 0.7 Expenses for financial activities 348.5 410.1 (61.5) Balance of administrative service activities 946.9 911.7 35.2 Expenses for public bonds (principal) 346.2 408.3 (62.0) Refund of loans from other accounts etc 2.2 1.7 0.5 Refund of fundmanagement fees etc --- Balance of Financing activities (208.1) (266.6) 58.4 Total balance 41.9 12.8 29.1 Balance brought forward from the previous fiscal year 489.7 476.8 12.8 Proforma balance 531.7 489.7 41.9 49 (4) Ordinary Account Statement of Changes in Net Assets (From April 1, 2019, to March 31, 2020) (in billion yen) Amounts National Charges Assessed Cross- Opening transferred treasury and value of accounting Other balance to wards, Total disburse- transfers donated transaction surplus equivalent towns ments etc. assets account etc. Balance at the end of the previous period 19,021.8 1,436.5 100.9 360.5 (153.5) (29.2) 7,088.7 27,825.9 Amount changed for the current period - 60.9 3.5 73.2 (6.2) (0.1) 720.0 851.5 Change in fixed assets etc. - 60.9 3.5 73.2 (6.2) 80.3 - 211.8 Change in TMG bonds etc - - - - - (9.6) - (9.6) Other intra-bureau transactions - - - - - (70.7) - (70.7) Balance for the current period ------720.0 720.0 Balance at the end of the current period 19,021.8 1,497.5 104.4 433.8 (159.8) (29.3) 7,808.8 28,677.4 (5) Ordinary Account Aggregate Tangible Fixed Assets and Intangible Fixed Assets / Supplementary Details (in billion yen) Balance at Accrued Net Increase Decrease Balance at Depreciati the end of depreciation balance at for the for the the end of amount at on for the Item the the end of current current the current the end of current previous the current period period period the current period period period period Tangible fixed assets 29,993.3 12,211.2 11,554.7 30,649.8 4,949.3 244.9 25,700.5 Administrative assets 10,702.2 10,665.7 10,309.4 11,058.5 3,065.7 123.3 7,992.7 Buildings 4,800.5 7,858.5 7,640.0 5,018.9 2,629.5 103.8 2,389.4 Structures 659.4 189.9 153.9 695.4 406.9 17.3 288.4 Timber 0.6 0.0 0.0 0.6 - - 0.6 䚷䚷ࠉVessels 15.9 6.0 4.7 17.2 9.6 1.4 7.6 䚷䚷ࠉAircraft 20.1 10.0 7.6 22.5 18.3 0.6 4.2 Buoys etc. 1.6 13.6 11.5 3.7 1.2 0.0 2.4 Land 5,203.7 2,587.4 2,491.3 5,299.8 - - 5,299.8 Ordinary assets 1,888.0 370.7 216.9 2,041.7 455.0 18.2 1,586.7 Buildings 633.9 151.3 47.9 737.3 375.9 16.0 361.3 Structures 123.1 11.9 10.5 124.5 76.1 2.1 48.3 Timber 0.0 0.0 0.0 0.0 - - 0.0 䚷䚷ࠉVessels 0.7 2.2 2.2 0.7 0.7 - 0.0 䚷䚷ࠉAircraft - 0.6 0.6 - - - - 䚷䚷 Buoys etc. 2.2 0.0 0.0 2.2 2.1 0.0 0.0 䚷䚷 Land 1,127.9 204.5 155.5 1,176.8 - - 1,176.8 䚷㻌Important property 212.0 35.2 34.8 212.4 138.4 10.7 74.0 䚷㻌Infrastructure assets 15,836.0 491.8 299.2 16,028.6 1,289.2 92.5 14,739.3 䚷䚷ࠉBuildings 120.0 0.0 0.1 119.9 73.4 3.7 46.5 䚷䚷ࠉStructures 3,192.5 36.2 20.9 3,207.8 1,213.2 88.6 1,994.5 䚷䚷ࠉBuoys 2.7 0.8 0.3 3.3 2.5 0.1 0.7 Land 12,520.7 454.5 277.7 12,697.5 - - 12,697.5 Leased assets 2.1 - - 2.1 0.8 0.0 1.2 Construction in progress 1,352.9 647.7 694.2 1,306.3 - - 1,306.3 Intangible fixed assets 34.0 10.4 6.5 37.8 0.2 0.2 37.6 䚷 Administrative assets 5.4 1.9 1.9 5.4 - - 5.4 䚷 Surface rights 5.4 1.9 1.9 5.4 - - 5.4 䚷䚷 Other intangible fixed assets ------䚷 Ordinary assets 11.5 1.2 1.7 11.0 - - 11.0 䚷 Surface rights 1.1 0.8 1.6 0.3 - - 0.3 䚷䚷 Other intangible fixed assets 10.3 0.4 0.1 10.6 - - 10.6 䚷 Infrastructure assets 14.0 0.8 0.0 14.8 - - 14.8 䚷 Surface rights 14.0 0.8 - 14.8 - - 14.8 䚷䚷 Other intangible fixed assets - 0.0 0.0 - - - - 䚷㻌Software 0.6 2.8 0.4 3.1 0.2 0.2 2.8 䚷㻌Software in progress 2.2 3.5 2.4 3.4 - - 3.4 Total 30,027.3 12,221.7 11,561.2 30,687.7 4,949.5 245.1 25,738.2 㻌 50 (6) Annexed Detailed Statement of Ordinary Account Reserve Allowances (in billion yen) Balance at end Balance at end Increase for Decrease for current period Item of previous of current current period period Intended use Other period Reserve for deficit due to non-payment 8.3 5.0 5.3 0.0 8.0 Bad debt reserve 3.5 0.2 0.1 0.3 3.1 Allowance for investment loss ----- Reserve for bonuses 111.6 115.2 111.6 - 115.2 Reserve for retirement allowances 921.5 115.2 89.3 - 947.4 Total 1,045.1 235.7 206.5 0.4 1,073.8 㻌 51 (7) Accounting Policy and Notes Regarding Preparation of the Tokyo Metropolitan Government Ordinary Account Financial Statement Year-to-date (From April 1, 2019, to March 31, 2020) (Accounting Policy) 1. Target Range The results and statements contained herein cover the Tokyo Metropolitan Government’s ordinary account. Any overlap, credits, or debts between accounts have been eliminated. The target range of the ordinary account encompasses the following accounts: General account Special accounts (13 accounts) Special Wards Fiscal Adjustment Local Consumption Tax Adjustment Ogasawara Islands Livelihood Rehabilitation Fund One-Parent Family Welfare Loan Fund Physically or Mentally Handicapped Annuity Small and Medium Enterprise Facility Installation Fund Forestry and Lumber Industry Improvement Subsidy Coastal Fishery Improvement Subsidy Metropolitan Public Housing Urban Development Fund Land Acquisition Expenses for Public Bonds Waterfront Urban Infrastructure Development Project 2. Base Date The base date shall be taken as being March 31, 2020, the results and statements, however, include all deposits and withdrawals carried out between April 1, 2020, and May 31, 2020 (the settlement period). 3. Calculation of Assets and Liabilities The balance sheet shows not only all of the assets (actual commodities with convertible value and legal rights) owned by the Tokyo Metropolitan Government and all legally outstanding debt, but also records all “Assets” and “Liabilities” based on accrual accounting. 4. Application of Current Arrangement The listed order of items for assets and liabilities is arranged using the current arrangement, with current assets being followed by fixed assets. 5. Application of One-Year Rule The division between fixed and current assets is subject to the application of the one-year rule. For a period of one year following the base date, all assets and liabilities gained during this period shall be categorized as current items, with all other items designated as fixed. 6. Method Used for Tangible Fixed Asset Depreciation (1) Administrative assets, ordinary assets and infrastructure assets Tangible fixed assets within administrative assets and ordinary assets are depreciated on a straight-line basis according to the service life and the residual value rate in the “Tokyo Metropolitan Government Guidelines for Processing Ledgers Related to Public Property”. Tangible fixed assets within infrastructure assets are depreciated on a straight line basis according to the service life in the “Tokyo Metropolitan Government Guideline for Processing Ledgers Related to Public Property” and the “Tokyo Metropolitan Government Bureau of Construction Infrastructure Asset Control Standards”. However, the paving of roads, defined as replacement assets by the “Tokyo Metropolitan Government Bureau of Construction Infrastructure Asset Control Standards”, is subject to adoption of a processing method that treats spending required for partial road replacement as actual expenses. (2) Important property Important property is depreciated on a straight line basis according to the service life in the “Service Life Benchmarks for Important Property.” 52 Year-to-date (From April 1, 2019, to March 31, 2020) 7. Method Used for Intangible Fixed Asset Depreciation (1) Surface rights, easements, patent rights, copyrights, etc. Intangible fixed assets are not depreciated. (2) Software. Software is depreciated on a straight line basis with service life set at five years and residual value set at zero. 8. Processing Method for Deferred Assets These are, in principle, not subject to accounting. All TMG bonds issue expenses and discounts are not calculated as deferred assets, and the total amount is treated as costs and expenses incurred during the year of issue. 9. Valuation Methods and Benchmarks for Securities, Investments and Subventions As for securities, investments and subventions, policy cooperation bodies’ stocks, investments and subventions held by TMG are stated at their acquisition prices. However, items whose market value or real value markedly decreased are booked at reduced value. 10. Accounting Standards for Reserve Allowances The Tokyo Metropolitan Government’s main reserve allowances are outlined below. (1) Reserve for deficit due to non-payment Since there is a possibility that some of the metropolitan taxes, usage charges, and other outstanding revenues may lead to a deficit due to non-payment as a result of the ending of limitations, the reserve for deficit due to non- payment was recorded as an amount gained by calculating the liquidation status of such outstanding revenues, the composition of finances of the counterparty, and the metropolitan government’s previous deficit due to non- payment over the past three years and multiplying it by the amount of outstanding revenues as of the end of the fiscal year. (2) Bad debt reserve Since there is a possibility that some of the metropolitan government’s loans may lead to an exemption or a reduction of repayment, the bad debt reserve was recorded as an amount gained by calculating the liquidation status of such loans, the composition of finances of the counterparty and the reduction of such loans based on exemptions etc. over the past three years and multiplying it by the amount of the metropolitan government’s loans as of the end of the fiscal year. (3) Allowance for Investment Loss Of the securities, investments and subventions, regarding those related to consolidated organizations, where market value or real value falls below acquisition value to a certain degree, the difference is recorded as allowance for investment loss. Furthermore, reversal of allowance is conducted when market value or real value recovers. (4) Reserve for retirement allowances The retirement allowance payment used in the event of city employees voluntary retiring is used to calculate the required reserve for retirement allowances. (5) Reserve for bonuses A part of the year-end allowances and bonus payable in the following fiscal year as well as the accompanying legal welfare expenses are recorded as reserve for bonuses in case the relevant liabilities incurring this fiscal year are attributable. 11. Conversion Standards for Converting Foreign-currency-denominated Assets and Debt into yen equivalent The Tokyo Metropolitan Government issues foreign-currency-denominated bonds in the U.S. and European markets. As the risk that accompanies fluctuations in principal and interest is hedged by the currency swap transaction between foreign currencies and yen, the value of these bonds is calculated in yen at the time of issue. 12. Accounting Standards for Revenues and Expenses These are calculated on the concept of revenues and expenses being carried out based on the policy of using accrual accounting. Items that met these standards were included in the calculations for the financial statement. 53 Year-to-date (From April 1, 2019, to March 31, 2020) (Others) Balance Sheet-related Items 1. Display Method for Entered Amounts The entered figures have been rounded down to the indicated unit. 2. Accounting Standards for Fixed Assets The balance sheet amount for all TMG-owned public property, important property, infrastructure assets, software, and leased assets, is calculated using the acquisition price. Administrative Cost Statement-related Items 1. Display Method for Entered Amounts The entered figures have been rounded down to the indicated unit. 2 Changes to Display Methods Traditionally, the display method for gain on reversal of reserve allowances had been to include this under “Other special revenues” in the Administrative Cost Statement. However, from the current period, this will be included under “Miscellaneous administrative revenues”. Furthermore, reversal of allowance for doubtful accounts for the current period is 0.1 billion yen, and there is no gain on reversal for other reserve allowances (Reserve for deficit due to non-payment, Allowance for investment loss, Reserve for retirement allowances). Cash Flow Statement-related Items 1. Display Method for Entered Amounts The entered figures have been rounded down to the indicated unit. 2. Scope of Funds The total amount of funds (including cash and cash equivalents) shall be taken as the balance brought forward from the previous fiscal year under the ordinary account as well as all cash revenues for the current fiscal year. 54 [Notes] Balance Sheet-related Items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dministrative Cost Statement-related Items &RQWHQWDQGDFFRXQWLQJVWDQGDUGVIRUUHYHQXHVLWHPV $GPLQLVWUDWLYHUHYHQXHV ,WHP &RQWHQWDQGDFFRXQWLQJVWDQGDUGV &DOFXODWHGDVLQFRPHIURPQRUPDOWD[HVDVVWLSXODWHGXQGHUWKH/RFDO7D[/DZDOOWD[HV XQGHU WKH SUHYLRXV ODZ HDUPDUNHG WD[HV E\ ODZ DQG E\ ORFDO RUGLQDQFH ORGJPHQWWD[ /RFDOWD[HV VWLSXODWHG XQGHU 70* ORGJPHQW WD[ RUGLQDQFHὸ /RFDO FRQVXPSWLRQ WD[ KRZHYHU LV FDOFXODWHGDVWKHDPRXQWIROORZLQJVHWWOHPHQWE\SUHIHFWXUDOJRYHUQPHQWV 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6LQNLQJIXQGUHVHUYH 58 Წų࠰ࡇųிʮᣃμ˳ᝠѦᜂᘙ)LVFDO Metropolitan Public National Health Slaughter house Housing Tenants Security Insurance Account Deposit AB1B2B3(A+B) $GPLQLVWUDWLYH&RVW6WDWHPHQW 2UGLQDU\EDODQFH ,$GPLQLVWUDWLYHEDODQFH (1)=a-b 761,990 (86,518) (4,161) 23 671,335 $GPLQLVWUDWLYHUHYHQXHV a 6,683,974 1,006,991 1,438 23 7,692,428 Local taxes etc. 6,011,100 - - - 6,011,100 Grants etc. 20,432 - - - 20,432 National treasury disbursement 293,205 311,174 - - 604,379 Funds transferred 2,347 - - 23 2,370 Other 356,888 695,817 1,438 0 1,054,145 $GPLQLVWUDWLYHH[SHQVHV b 5,921,983 1,093,509 5,599 - 7,021,093 Tax-related expenses 1,436,018 - - - 1,436,018 Payroll-related expenses 1,366,712 42 2,167 - 1,368,922 Subsidizing expenses etc. 1,331,633 1,093,404 1,239 - 2,426,277 Investment expenses 462,520 - 13 - 462,533 Funds disbursed 277,873 - - - 277,873 Other 1,047,225 63 2,178 - 1,049,467 ,,)LQDQFLDOEDODQFH (2)=c-d (45,959) 2 (7) - (45,964) )LQDQFLDOUHYHQXHV c 13,824 2 0 - 13,826 )LQDQFLDOH[SHQVHV d 59,783 - 7 - 59,791 2UGLQDU\EDODQFH (3)䠙(1)䠇(2) 716,031 (86,516) (4,168) 23 625,370 6SHFLDOEDODQFH 6SHFLDOUHYHQXHV e 148,982 - - 0 148,983 6SHFLDOH[SHQVHV f 144,920 - 0 - 144,920 6SHFLDOEDODQFH (4)=e-f 4,061 -(0) 0 4,062 %DODQFHIRUWKHFXUUHQWSHULRG (5)=(3)+(4) 720,092 (86,516) (4,168) 24 629,433 7UDQVIHUWRJHQHUDODFFRXQW g - 85,176 3,683 - 88,860 'LVEXUVHPHQWIURPJHQHUDODFFRXQW h - 516 - - 516 %DODQFHEURXJKWIRUZDUG (5)+g-h %DODQFH6KHHW $VVHWV ,&XUUHQWDVVHWV 1,932,830 20,626 0 10,050 1,963,507 &DVKDQGGHSRVLWV 553,963 20,626 - 7,725 582,314 2WKHUFXUUHQWDVVHWV 1,378,867 - 0 2,325 1,381,192 ,,)L[HGDVVHWV 33,255,463 27,451 6,109 6,863 33,295,887 7DQJLEOHIL[HGDVVHWV 25,700,551 - 6,109 - 25,706,660 Land 19,174,211 - - - 19,174,211 Other tangible fixed assets (property etc.) 6,526,339 - 6,109 - 6,532,449 ,QWDQJLEOHIL[HGDVVHWV 37,668 - - - 37,668 ,QYHVWPHQWVHWF 7,517,243 27,451 - 6,863 7,551,557 Long-term loan 1,018,933 - - 6,863 1,025,796 Funds 3,259,553 27,451 - - 3,287,005 Other investments etc. 3,238,756 - - - 3,238,756 ,,,'HIHUUHGDVVHWV ----- 7RWDODVVHWV (Liabilities) ,&XUUHQWOLDELOLWLHV 448,175 4 325 - 448,505 ,,)L[HGOLDELOLWLHV 6,062,674 44 4,131 16,758 6,083,609 /RQJWHUPERUURZLQJ 5,094,723 - 2,258 - 5,096,981 2WKHUIL[HGOLDELOLWLHV 967,951 44 1,873 16,758 986,627 ,,,'HIHUUHGUHYHQXHV ----- 7RWDOOLDELOLWLHV (Net assets) 7RWDOQHWDVVHWV RIZKLFKDUHFKDQJHVLQWKHFXUUHQWSHULRG 851,517 (1,856) (353) 24 849,333 7RWDOOLDELOLWLHVDQGQHWDVVHWV 59 [2] Public Enterprise Accounts (in million yen) Central Urban Waterfront Area Port and Harbor Hospitals Wholesale Redevelopment Development Transportation Project Market Project Project C1 C2 C3 C4 C5 C6 Profit and Loss Statement Operating profit (1)=a-b (20,136) (13,318) - 7,684 983 (3,212) Operating earnings a 141,069 14,542 - 10,897 4,081 49,226 Operating expenses b 161,205 27,861 - 3,212 3,098 52,438 Business cost price 94,435 107 - 723 1,835 37,861 Administrative expenses 66,769 27,753 - 2,488 1,263 14,577 Non-operating profit (2)=c-d 15,926 187 11 2,220 528 347 Non-operating earnings c 23,939 4,955 11 4,353 544 2,026 Non-operating expenses d 8,013 4,768 - 2,132 15 1,679 Current balance (1)+(2) (4,209) (13,131) 11 9,905 1,512 (2,864) Special profit (3)=e-f 817 38,820 - (24) - (17) Special earnings e 988 46,410 - - - 0 Special expenses f 170 7,589 - 24 - 17 Net profit for the current period (4)=(1)+(2)+(3) (3,392) 25,689 11 9,881 1,512 (2,882) Retained profit brought forward (5) 2,611 90,252 5,767 80,143 16,302 (10,331) Changes of other unappropriated profit (6) - 669 - - 33 - Unappropriated revenues for the current period (4)+(5)+(6) (780) 116,612 5,778 90,024 17,848 (13,213) Balance Sheet (Assets) I. Current assets 82,626 647,414 41,254 252,780 31,117 41,940 Cash and deposits 54,728 645,445 41,216 249,891 30,362 29,827 Other current assets 27,897 1,968 38 2,888 755 12,113 II. Fixed assets 168,079 756,934 32,074 791,983 335,700 184,714 Tangible fixed assets 127,265 736,621 32,074 670,240 330,109 77,693 Land 779 379,572 114 668,304 312,019 23,913 Other tangible fixed assets (property etc.) 126,486 357,048 31,960 1,936 18,090 53,780 Intangible fixed assets 659 6 - 27 13 224 Investments etc. 40,154 20,306 - 121,714 5,577 106,796 Long-term loan - 0 - 5,000 - 90,000 Funds ------Other investments etc. 40,154 20,306 - 116,714 5,577 16,796 III. Deferred assets -7---- Total assets 250,706 1,404,355 73,329 1,044,763 366,818 226,655 (Liabilities) I. Current liabilities 45,144 68,862 34,521 94,408 669 20,819 II. Fixed liabilities 73,689 306,973 137 110,487 266 67,002 Long-term borrowing 33,583 303,843 - 97,485 27 48,182 Other fixed liabilities 40,105 3,130 137 13,002 238 18,820 III. Deferred revenue 3,494 37,332 - 0 78 1,752 Total liabilities 122,327 413,168 34,659 204,895 1,013 89,573 (Capital) Total capital 128,378 991,187 38,670 839,868 365,804 137,081 (of which are changes in the current period) (3,392) 25,689 11 10,464 1,409 (16,270) Total liabilities and capital 250,706 1,404,355 73,329 1,044,763 366,818 226,655 60 (in million yen) Urban Rapid Electric Industrial Transit Waterworks Sewerage (Simple Total䠅 Power Waterworks Railway C7 C8 C9 C10 C11 (C) Profit and Loss Statement Operating profit (1)=a-b 21,152 745 17,677 (787) (35,783) (24,995) Operating earnings a 153,006 1,669 321,767 691 291,649 988,603 Operating expenses b 131,854 924 304,090 1,478 327,433 1,013,598 Business cost price 78,656 774 210,732 735 118,130 543,992 Administrative expenses 53,197 150 93,358 743 209,302 469,605 Non-operating profit (2)=c-d 8,800 27 12,199 754 62,584 103,588 Non-operating earnings c 14,203 27 16,733 852 84,102 151,750 Non-operating expenses d 5,403 0 4,533 98 21,517 48,162 Current balance (1)+(2) 29,952 773 29,876 (33) 26,801 78,593 Special profit (3)=e-f 124 - - 33 302 40,057 Special earnings e 124 - - 918 302 48,745 Special expenses f 0 - - 885 - 8,687 Net profit for the current period (4)=(1)+(2)+(3) 30,077 773 29,876 - 27,104 118,651 Retained profit brought forward (5) (223,784) - - - 8,195 (30,842) Changes of other unappropriated profit (6) - - 22,127 - 37,184 60,014 Unappropriated revenues for the current period (4)+(5)+(6) (193,707) 773 52,004 - 72,483 147,823 Balance Sheet (Assets) I. Current assets 186,704 6,093 311,828 7,835 225,632 1,835,228 Cash and deposits 123,187 5,094 262,852 6,887 97,409 1,546,903 Other current assets 63,517 999 48,975 947 128,223 288,325 II. Fixed assets 1,383,500 3,801 2,468,002 23,158 5,725,079 11,873,029 Tangible fixed assets 1,325,530 3,792 2,438,491 22,837 5,724,549 11,489,206 Land 131,177 99 261,070 1,047 613,812 2,391,911 Other tangible fixed assets (property etc.) 1,194,352 3,693 2,177,421 21,790 5,110,736 9,097,295 Intangible fixed assets 1,422 8 28,186 320 316 31,186 Investments etc. 56,548 1 1,324 - 213 352,636 Long-term loan - - - - - 95,000 Funds ------Other investments etc. 56,548 1 1,324 - 213 257,635 III. Deferred assets - - 4 - 25 38 Total assets 1,570,204 9,895 2,779,836 30,994 5,950,737 13,708,296 (Liabilities) I. Current liabilities 96,842 220 179,016 531 271,554 812,591 II. Fixed liabilities 694,097 161 259,465 68 1,221,942 2,734,291 Long-term borrowing 455,815 - 215,146 - 1,206,182 2,360,266 Other fixed liabilities 238,281 161 44,318 68 15,760 374,024 III. Deferred revenue 406,171 599 162,578 4,930 1,601,156 2,218,092 Total liabilities 1,197,111 981 601,059 5,530 3,094,653 5,764,975 (Capital) Total capital 373,092 8,913 2,178,776 25,463 2,856,084 7,943,320 (of which are changes in the current period) 40,041 773 31,434 (560) 60,082 149,682 Total liabilities and capital 1,570,204 9,895 2,779,836 30,994 5,950,737 13,708,296 61 [3-1] Policy Cooperation Bodies (incorporated foundations (1)) LQPLOOLRQ\HQ 7RN\R 7RN\R 7RN\R 0HWURSROLWDQ 0HWURSROLWDQ 0HWURSROLWDQ 7RN\R 7RN\R7D[ 7RN\R6SRUW +XPDQ5LJKWV ,VODQGV )RXQGDWLRQIRU 0HWURSROLWDQ %HQHILWV $VVRFLDWLRQ 3URPRWLRQ 3URPRWLRQ +LVWRU\DQG 6\PSKRQ\ &RUSRUDWLRQ &HQWHU &RUSRUDWLRQ &XOWXUH ' ' ' ' ' ' Statement of Changes in Net Assets &KDQJHVLQXQUHVWULFWHGQHWDVVHWV Current increase (decrease) for the current period DE Current revenues D Current expenses E Nonrecurring increase (decrease) for the current period 䠙FG Nonrecurring revenues F Nonrecurring expenses G Corporation tax etc. >@ Total changes in unrestricted net assets for the current period > @ Unrestricted net assets at the beginning of the current period Unrestricted net assets at the end of the current period &KDQJHVLQUHVWULFWHGQHWDVVHWV Total changes in restricted net assets for the current period Restricted net assets at the beginning of the current period Restricted net assets at the end of the current period Net assets at the end of fiscal year 285 4,861 751 10,308 785 1,562 7KHILJXUHLQEUDFNHWV>@LQWKH&RUSRUDWLRQ7D[HWF´VHFWLRQLVLQFOXGHGLQWKHILJXUHIRU&XUUHQWLQFUHDVH GHFUHDVH IRUWKHFXUUHQWSHULRG Balance Sheet $VVHWV I. Current assets Cash and deposits Other current assets II. Fixed assets Tangible fixed assets /DQG 2WKHUWDQJLEOHIL[HGDVVHWV SURSHUW\HWF Intangible fixed assets Investments etc. /RQJWHUPORDQ )XQGV 2WKHULQYHVWPHQWVHWF III. Deferred assets Total assets 312 7,138 904 14,418 1,108 4,300 /LDELOLWLHV I. Current liabilities II. Fixed liabilities Long-term borrowing Other fixed liabilities III. Deferred revenues Total liabilities 26 2,277 153 4,109 322 2,738 1HWDVVHWV Total net assets 285 4,861 751 10,308 785 1,562 RIZKLFKDUHFKDQJHVLQWKHFXUUHQWSHULRG Total liabilities and net assets 312 7,138 904 14,418 1,108 4,300 Current status of metropolitan government's involvement Investment ratio (%) Number of metropolitan government contract employees/ Number of permanent employees 7KHLQYHVWPHQWUDWLR WKHUDWLRRI70*¶VPRQHWDU\VXSSRUWRUGHHPHGPRQHWDU\VXSSRUWLQFDVHRIPHUJLQJLQPLGWHUPWRDQDGPLQLVWUDWLYHERG\ 7KHLQYHVWPHQWUDWLRLVFDOFXODWHGDVRI0DUFKQXPEHURIHPSOR\HHVLVDVRI$XJXVW 62 LQPLOOLRQ\HQ 7RN\R 7RN\R 7RN\R 7RN\R1HZ (QYLURQPHQWDO 0HWURSROLWDQ -RKRNX/DERU 7RN\R 0HWURSROLWDQ 7RZQ 3XEOLF )RXQGDWLRQIRU DQG 0DUDWKRQ 2UJDQL]DWLRQ 'HYHORSPHQW 6HUYLFH 6RFLDO:HOIDUH :HOIDUH&HQWHU )RXQGDWLRQ IRU0HGLFDO &RUSRUDWLRQ &RUSRUDWLRQ DQG3XEOLF 5HVHDUFK +HDOWK ' ' ' ' ' ' Statement of Changes in Net Assets &KDQJHVLQXQUHVWULFWHGQHWDVVHWV Current increase (decrease) for the current period DE Current revenues D Current expenses E Nonrecurring increase (decrease) for the current period 䠙FG Nonrecurring revenues F Nonrecurring expenses G Corporation tax etc. >@>@>@ Total changes in unrestricted net assets for the current period > @ Unrestricted net assets at the beginning of the current period Unrestricted net assets at the end of the current period &KDQJHVLQUHVWULFWHGQHWDVVHWV Total changes in restricted net assets for the current period Restricted net assets at the beginning of the current period Restricted net assets at the end of the current period Net assets at the end of fiscal year 1,439 64,791 4,434 2,480 964 39 7KHILJXUHLQEUDFNHWV>@LQWKH&RUSRUDWLRQ7D[HWF´VHFWLRQLVLQFOXGHGLQWKHILJXUHIRU&XUUHQWLQFUHDVH GHFUHDVH IRUWKHFXUUHQWSHULRG &XUUHQWLQFUHDVH GHFUHDVH IRUWKHFXUUHQWSHULRGRI7RN\R(QYLURQPHQWDO3XEOLF6HUYLFH&RUSRUDWLRQUHIOHFWVVSHFLILFDVVHWVDSSUDLVDOSURILWRUORVVHWFDQGYDOXDWLRQSURILW RUORVVRQVSHFLILHGDVVHWVHWF Balance Sheet $VVHWV I. Current assets Cash and deposits Other current assets II. Fixed assets Tangible fixed assets /DQG 2WKHUWDQJLEOHIL[HGDVVHWV SURSHUW\HWF Intangible fixed assets Investments etc. /RQJWHUPORDQ )XQGV 2WKHULQYHVWPHQWVHWF III. Deferred assets Total assets 1,774 73,138 59,240 5,491 2,326 99 /LDELOLWLHV I. Current liabilities II. Fixed liabilities Long-term borrowing Other fixed liabilities III. Deferred revenues Total liabilities 334 8,346 54,805 3,011 1,361 60 1HWDVVHWV Total net assets 1,439 64,791 4,434 2,480 964 39 RIZKLFKDUHFKDQJHVLQWKHFXUUHQWSHULRG Total liabilities and net assets 1,774 73,138 59,240 5,491 2,326 99 Current status of metropolitan government's involvement Investment ratio (%) Number of metropolitan government contract employees/ Number of permanent employees 7KHLQYHVWPHQWUDWLR WKHUDWLRRI70*¶VPRQHWDU\VXSSRUWRUGHHPHGPRQHWDU\VXSSRUWLQFDVHRIPHUJLQJLQPLGWHUPWRDQDGPLQLVWUDWLYHERG\ 7KHLQYHVWPHQWUDWLRLVFDOFXODWHGDVRI0DUFKQXPEHURIHPSOR\HHVLVDVRI$XJXVW 63 LQPLOOLRQ\HQ 7RN\R 7RN\R 7RN\R 0HWURSROLWDQ 7RN\R 'HYHORSPHQW 0HWURSROLWDQ 7RN\R 7RN\R +HDOWKDQG )RXQGDWLRQIRU )RXQGDWLRQ 6PDOO &RQYHQWLRQDQG =RRORJLFDO3DUN 0HGLFDO (PSOR\PHQW )RU$JULFXOWXUH %XVLQHVV 9LVLWRUV%XUHDX 6RFLHW\ 7UHDWPHQW 6HUYLFH )RUHVWU\ &HQWHU &RUSRUDWLRQ )LVKHULHV ' ' ' ' ' ' Statement of Changes in Net Assets &KDQJHVLQXQUHVWULFWHGQHWDVVHWV Current increase (decrease) for the current period DE Current revenues D Current expenses E Nonrecurring increase (decrease) for the current period 䠙FG Nonrecurring revenues F Nonrecurring expenses G Corporation tax etc. >@ >@ >@ Total changes in unrestricted net assets for the current period > @ Unrestricted net assets at the beginning of the current period Unrestricted net assets at the end of the current period &KDQJHVLQUHVWULFWHGQHWDVVHWV Total changes in restricted net assets for the current period Restricted net assets at the beginning of the current period Restricted net assets at the end of the current period Net assets at the end of fiscal year 1,554 4,923 551 7,321 2,146 2,226 7KHILJXUHLQEUDFNHWV>@LQWKH&RUSRUDWLRQ7D[HWF´VHFWLRQLVLQFOXGHGLQWKHILJXUHIRU&XUUHQWLQFUHDVH GHFUHDVH IRUWKHFXUUHQWSHULRG &XUUHQWLQFUHDVH GHFUHDVH IRUWKHFXUUHQWSHULRGRI7RN\R=RRORJLFDO3DUN6RFLHW\UHIOHFWVORVV JDLQ RQYDOXDWLRQRILQYHVWPHQWVHFXULWLHVHWF Balance Sheet $VVHWV I. Current assets Cash and deposits Other current assets II. Fixed assets Tangible fixed assets /DQG 2WKHUWDQJLEOHIL[HGDVVHWV SURSHUW\HWF Intangible fixed assets Investments etc. /RQJWHUPORDQ )XQGV 2WKHULQYHVWPHQWVHWF III. Deferred assets Total assets 20,158 36,860 11,101 8,527 21,003 3,356 /LDELOLWLHV I. Current liabilities II. Fixed liabilities Long-term borrowing Other fixed liabilities III. Deferred revenues Total liabilities 18,604 31,936 10,549 1,205 18,856 1,129 1HWDVVHWV Total net assets 1,554 4,923 551 7,321 2,146 2,226 RIZKLFKDUHFKDQJHVLQWKHFXUUHQWSHULRG Total liabilities and net assets 20,158 36,860 11,101 8,527 21,003 3,356 Current status of metropolitan government's involvement Investment ratio (%) Number of metropolitan government contract employees/ Number of permanent employees 7KHLQYHVWPHQWUDWLR WKHUDWLRRI70*¶VPRQHWDU\VXSSRUWRUGHHPHGPRQHWDU\VXSSRUWLQFDVHRIPHUJLQJLQPLGWHUPWRDQDGPLQLVWUDWLYHERG\ 7KHLQYHVWPHQWUDWLRLVFDOFXODWHGDVRI0DUFKQXPEHURIHPSOR\HHVLVDVRI$XJXVW 64 LQPLOOLRQ\HQ 7RN\R 7RN\R 0HWURSROLWDQ 7RN\R'LVDVWHU 7RN\R (GXFDWLRQ 3XEOLF 3UHYHQWLRQ 0HWURSROLWDQ &RUSRUDWLRQIRU 3URPRWLRQDQG (PHUJHQF\ 6LPSOH7RWDO 3DUN 5RDG 6XSSRUW 0HGLFDO6HUYLFH $VVRFLDWLRQ ,PSURYHPHQW 2UJDQL]DWLRQIRU $VVRFLDWLRQ DQG0DQDJHPHQW 6FKRROV ' ' 䠠 ' ' Statement of Changes in Net Assets &KDQJHVLQXQUHVWULFWHGQHWDVVHWV Current increase (decrease) for the current period DE Current revenues D Current expenses E Nonrecurring increase (decrease) for the current period 䠙FG Nonrecurring revenues F Nonrecurring expenses G Corporation tax etc. >@ Total changes in unrestricted net assets for the current period > @ Unrestricted net assets at the beginning of the current period Unrestricted net assets at the end of the current period &KDQJHVLQUHVWULFWHGQHWDVVHWV Total changes in restricted net assets for the current period Restricted net assets at the beginning of the current period Restricted net assets at the end of the current period Net assets at the end of fiscal year 7,729 10,067 314 2,329 131,869 Balance Sheet $VVHWV I. Current assets Cash and deposits Other current assets II. Fixed assets Tangible fixed assets /DQG 2WKHUWDQJLEOHIL[HGDVVHWV SURSHUW\HWF Intangible fixed assets Investments etc. /RQJWHUPORDQ )XQGV 2WKHULQYHVWPHQWVHWF III. Deferred assets Total assets 11,011 18,619 520 2,580 303,992 /LDELOLWLHV I. Current liabilities II. Fixed liabilities Long-term borrowing Other fixed liabilities III. Deferred revenues Total liabilities 3,281 8,552 205 251 172,123 1HWDVVHWV Total net assets 7,729 10,067 314 2,329 131,869 RIZKLFKDUHFKDQJHVLQWKHFXUUHQWSHULRG Total liabilities and net assets 11,011 18,619 520 2,580 303,992 Current status of metropolitan government's involvement Investment ratio (%) Number of metropolitan government contract employees/ Number of permanent employees 7KHLQYHVWPHQWUDWLR WKHUDWLRRI70*¶VPRQHWDU\VXSSRUWRUGHHPHGPRQHWDU\VXSSRUWLQFDVHRIPHUJLQJLQPLGWHUPWRDQDGPLQLVWUDWLYHERG\ 7KHLQYHVWPHQWUDWLRLVFDOFXODWHGDVRI0DUFKQXPEHURIHPSOR\HHVLVDVRI$XJXVW 65 [3-2] Policy Cooperation Bodies (incorporated foundations etc. (2)) (in million yen) Tokyo Metropolitan Welfare (Simple Total) Corporation E1 (E) Operating Activity Statement Changes in service balance (1)=䠽-䠾 275 275 Service revenues 䠽 9,580 9,580 Service expenses 䠾 9,304 9,304 Changes in non-service balance (2)=䠿-䡀 (280) (280) Non-service revenues 䠿 71 71 Non-service expenses 䡀 351 351 Changes in ordinary balance (1)+(2) (4) (4) Changes in extraordinary balance (3)=䡁-䡂 (0) (0) Extraordinary revenues 䡁 -- Extraordinary expenses 䡂 00 Changes in balance for current period (4)=(1)䠇(2)䠇(3) (4) (4) Changes in balance carried forward from previous period (5) 931 931 Changes in balance carried forward from current period end (6)=(4)䠇(5) 926 926 Withdrawals from funds (7) -- Withdrawals from other reserves (8) 921 921 Other funds reserved 㻔㻥㻕 1,049 1,049 Changes in balance carried forward to next period (6)䠇(7)䠇(8)䠉(9) 798 798 Balance Sheet (Assets) I. Current assets 2,789 2,789 Cash and deposits 2,557 2,557 Other current assets 231 231 II. Fixed assets 9,263 9,263 Tangible fixed assets 737 737 Land -- Other tangible fixed assets (property etc.) 737 737 Intangible fixed assets 55 Investments etc. 8,520 8,520 Long-term loan -- Funds -- Other investments etc. 8,520 8,520 III. Deferred assets -- Total assets 12,052 12,052 (Liabilities) I. Current liabilities 2,251 2,251 II. Fixed liabilities 965 965 Long-term borrowing 263 263 Other fixed liabilities 701 701 III. Deferred revenues -- Total liabilities 3,216 3,216 (Net assets) 㻌㻌 Total net assets 8,835 8,835 (of which are changes in the current period) (123) (123) Total liabilities and net assets 12,052 12,052 Current status of metropolitan government's involvement Investment ratio (%) 100 Number of metropolitan government contract employees/ Number of 305/1,077 permanent employees * The investment ratio is calculated as of 31 March, 2020, number of employees is as of 1 August, 2019. 66 [3-3] Policy Cooperation Bodies (incorporated foundations etc. (3)) (in million yen) Tokyo Metropolitan Housing Supply (Simple Total) Corporation F1 (F) Profit and Loss Statement Operating profit (1)=a-b 10,395 10,395 Operating revenues a 75,953 75,953 Operating expenses b 65,557 65,557 Operating costs 64,734 64,734 Administrative expenses 822 822 Non-operating profit (2)䠙c-d (1,165) (1,165) Non-operating revenues c 357 357 Non-operating expenses d 1,522 1,522 Current balance (1)+(2) 9,230 9,230 Special profit (3)=e-f 1,721 1,721 Special revenues e 6,020 6,020 Special expenses f 4,299 4,299 Pre-reserve profit under special laws (1)+(2)+(3) 10,952 10,952 Balance Sheet (Assets) I. Current assets 85,503 85,503 Cash and deposits 56,671 56,671 Other current assets 28,832 28,832 II. Fixed assets 1,160,540 1,160,540 Tangible fixed assets 1,155,980 1,155,980 Land 1,037 1,037 Other tangible fixed assets (property etc.) 1,154,943 1,154,943 Intangible fixed assets 1,934 1,934 Investments etc. 2,625 2,625 Long-term loan - - Funds -- Other investments etc. 2,625 2,625 III. Deferred assets -- Total assets 1,246,044 1,246,044 (Liabilities) I. Current liabilities 75,626 75,626 II. Fixed liabilities 736,989 736,989 Long-term borrowing 587,231 587,231 Other fixed liabilities 149,757 149,757 III. Deferred revenues -- Total liabilities 812,615 812,615 (Capital) Total capital 433,429 433,429 (of which are changes in the current period) 9,249 9,249 Total liabilities and capital 1,246,044 1,246,044 Current status of metropolitan government's involvement Investment ratio (%) 100 Number of metropolitan government contract employees/ 6/1,064 Number of permanent employees * The investment ratio is calculated as of 31 March, 2020, number of employees is as of 1 August, 2019. 67 [4] Policy Cooperation Bodies (limited corporations) (in million yen) Tokyo Tama Tokyo Water Tama New Tokyo TOKYO Tokyo Intercity Front Area Town RINKAI International Stadium Monorail Co., Rapid Transit, Development HOLDINGS Forum Ltd. Inc Center Co., Ltd G1 G2 G3 G4 G5 G6 Profit and Loss Statement Operating profit (1)=a-b (53) 715 5,587 373 (809) 14,439 Operating revenues a 1,901 8,789 20,715 1,605 5,983 71,197 Operating expenses b 1,955 8,074 15,127 1,232 6,792 56,757 Operating costs 1,596 5,094 6,648 1,079 5,309 52,352 Sales and administrative expenses 358 2,980 8,478 153 1,483 4,404 Non-operating profit (2)=c-d 36 (69) (885) 0 7 (2,328) Non-operating revenues c 36 111 36 1 36 290 Non-operating expenses d 0 181 922 0 28 2,619 Current balance (1)+(2) (16) 645 4,702 374 (801) 12,111 Special profit (3)=e-f --01664(465) Special revenues e - - 189 5 771 16 Special expenses f - - 189 3 107 481 Corporation tax etc. (4) 20 473 1,444 116 (22) 3,941 Net profit for the current period (1)+(2)+(3)-(4) (37) 171 3,258 258 (114) 7,703 Balance Sheet (Assets) I. Current assets 6,401 7,779 11,812 2,990 5,735 88,403 Cash and deposits 5,624 6,184 4,935 2,952 4,138 62,561 Other current assets 777 1,595 6,877 37 1,596 25,842 II. Fixed assets 3,717 61,294 198,716 7,275 1,852 305,915 Tangible fixed assets 402 61,084 179,182 7,266 957 266,462 Land - 30,131 13,012 3,705 - 61,713 Other tangible fixed assets (property etc.) 402 30,952 166,169 3,561 957 204,749 Intangible fixed assets 2,548 36 14,207 0 100 20,981 Investments etc. 766 173 5,326 8 794 18,470 Long-term loan ------Funds ------Other investments etc. 766 173 5,326 8 794 18,470 III. Deferred assets ------Total assets 10,119 69,073 210,528 10,265 7,587 394,318 (Liabilities) I. Current liabilities 426 7,139 14,704 716 2,303 26,546 II. Fixed liabilities 154 27,803 104,532 4,404 734 125,325 Long-term borrowing - 27,278 3,821 - - 96,983 Other fixed liabilities 154 524 100,711 4,404 734 28,341 III. Deferred revenues ------Total liabilities 581 34,942 119,237 5,120 3,038 151,871 (Net assets) Total net assets 9,538 34,130 91,291 5,144 4,548 242,446 (of which are changes in the current period) (37) 171 3,258 258 (129) 7,632 Total liabilities and net assets 10,119 69,073 210,528 10,265 7,587 394,318 *The figure for Tokyo Rinkai Holdings represent account values on a consolidated basis Current status of metropolitan government's involvement Investment ratio (%) 36.3 79.9 91.3 51.2 51.0 85.1 Number of metropolitan government contract 11/25 10/224 20/321 2/8 7/59 64/560 employees/ Number of permanent employees *1 The Investment ratio is calculated as of 31 March, 2020, number of employees is as of 1 August, 2019. *2 Number of employees in Tokyo Rinkai Holdings Co., Ltd. includes those of its consolidated subsidiaries. 68 (in million yen) Tokyo Tokyo Kotsu Waterworks Metropolitan Service Co., Services Co., PUC Co., Ltd. Sewerage (Simple Total) Ltd. Ltd. Service Corporation G7 G8 G9 G10 (G) Profit and Loss Statement Operating profit (1)=a-b 339 337 (521) 1,439 21,847 Operating revenues a 7,512 14,759 14,174 26,475 173,115 Operating expenses b 7,172 14,422 14,696 25,036 151,268 Operating costs 6,820 13,397 13,720 23,675 129,695 Sales and administrative expenses 352 1,024 976 1,360 21,572 Non-operating profit (2)=c-d 4744719(3,093) Non-operating revenues c 7826719689 Non-operating expenses d 371903,783 Current balance (1)+(2) 343 412 (474) 1,458 18,753 Special profit (3)=e-f - (33) (5) (2) 158 Special revenues e -0 0 -983 Special expenses f -34 5 2824 Corporation tax etc. (4) 101 138 (141) 507 6,581 Net profit for the current period (1)+(2)+(3)-(4) 242 239 (338) 948 12,331 Balance Sheet (Assets) I. Current assets 2,039 5,087 3,992 17,242 151,485 Cash and deposits 551 2,683 317 9,458 99,406 Other current assets 1,487 2,403 3,675 7,784 52,078 II. Fixed assets 1,094 2,601 4,703 2,708 589,877 Tangible fixed assets 151 1,126 1,803 1,574 520,012 Land - 229 - - 108,791 Other tangible fixed assets (property etc.) 151 897 1,803 1,574 411,220 Intangible fixed assets 53 275 177 339 38,721 Investments etc. 888 1,198 2,722 794 31,143 Long-term loan - - 0 - 0 Funds ----- Other investments etc. 888 1,198 2,722 794 31,142 III. Deferred assets ----- Total assets 3,133 7,688 8,695 19,951 741,362 (Liabilities) I. Current liabilities 910 2,086 2,485 6,089 63,408 II. Fixed liabilities 345 1,516 3,098 1,352 269,268 Long-term borrowing - - - - 128,084 Other fixed liabilities 345 1,516 3,098 1,352 141,184 III. Deferred revenue ----- Total liabilities 1,255 3,602 5,584 7,442 332,677 (Net assets) Total net assets 1,878 4,086 3,111 12,508 408,685 (of which are changes in the current period) 232 (280) (339) 938 11,705 Total liabilities and net assets 3,133 7,688 8,695 19,951 741,362 Current status of metropolitan government's involvement Investment ratio (%) 100 51.0 84.5 50.0 Number of metropolitan government contract 21/275 44/1,263 42/687 247/788 employees/ Number of permanent employees * The Investment ratio is calculated as of 31 March, 2020, number of employees is as of 1 August, 2019. 69 [5] Local Independent Administrative Corporations (in million yen) Tokyo Metropolitan Tokyo Metropolitan Tokyo Metropolitan Gariatric Tokyo Metropolitan Industrial Technology Hospital and Institute of (Simple Total) Combined Total University Research Institute Gernotology Offset Elimination Government Overall Total H1 H2 H3 (H) (A+B+C+D+E+F+G+H) Profit and Loss Statement Operating balance (1)=a-b (1,747) (1,136) (1,154) (4,038) Operating revenues a 25,083 7,365 18,518 50,966 Operating expenses b 26,831 8,501 19,672 55,005 Operating costs 24,612 5,463 19,013 49,088 Administrative expenses 2,218 3,038 659 5,916 Non-operating balance (2)=c-d 1,898 1,212 115 3,226 Non-operating revenues c 1,936 1,214 115 3,266 Non-operating expenses d 38 1 - 39 Current balance (1)+(2) 150 76 (1,039) (811) Special balance (3)=e-f (194) 0 (0) (194) Special revenues e 21 2 0 24 Special expenses f 216 2 0 219 Net profit for the current period (4)=(1)+(2)+(3) (43) 76 (1,039) (1,006) 㻚 Retained profit brought forward (5) 320 - - 320 Unappropriated revenues for the current period (4)+(5) 276 76 (1,039) (685) Balance Sheet (Assets) I. Current assets 6,244 4,048 7,594 17,886 4,173,165 4,173,165 Cash and deposits 2,017 3,839 5,111 10,968 2,348,276 2,348,276 Other current assets 4,226 208 2,482 6,918 1,824,889 1,824,889 II. Fixed assets 149,493 28,122 33,227 210,844 47,326,670 (2,424,006) 44,902,663 Tangible fixed assets 144,263 27,607 30,269 202,141 39,091,322 39,091,322 Land 86,035 14,200 15,039 115,274 21,793,704 21,793,704 Other tangible fixed assets (property etc.) 58,228 13,407 15,230 86,866 17,297,618 17,297,618 Intangible fixed assets 436 365 1,909 2,711 114,394 114,394 Investments etc. 4,793 148 1,048 5,991 8,120,953 (2,424,006) 5,696,946 Long-term loan - - 7 7 1,121,506 1,121,506 Funds - - - - 3,293,284 3,293,284 Other investments etc. 4,793 148 1,041 5,984 3,706,162 (2,424,006) 1,282,155 III. Deferred assets ----38 38 Total assets 155,738 32,170 40,822 228,731 51,499,874 (2,424,006) 49,075,867 (Liabilities) I. Current liabilities 6,638 3,287 3,580 13,507 1,498,101 1,498,101 II. Fixed liabilities 13,471 3,949 17,163 34,584 9,949,620 9,949,620 Long-term borrowing - - 11,991 11,991 8,187,517 8,187,517 Other fixed liabilities 13,471 3,949 5,171 22,592 1,762,102 1,762,102 III. Deferred revenues - - - - 2,218,092 2,218,092 Total liabilities 20,110 7,237 20,744 48,091 13,665,814 - 13,665,814 (Capital) Total capital 135,627 24,933 20,078 180,639 37,834,059 (2,424,006) 35,410,052 (of which are changes in the current period) (1,057) (633) (1,039) (2,730) 1,017,986 1,017,986 Total liabilities and capital 155,738 32,170 40,822 228,731 51,499,874 (2,424,006) 49,075,867 70 (2) Accounting Policy and Notes Regarding Preparation of the Tokyo Metropolitan Government Ordinary Account Financial Statement 71 LL 3XEOLFLQWHUHVWFRUSRUDWLRQV %RGLHV 7RN\R 0HWURSROLWDQ +XPDQ 5LJKWV 3URPRWLRQ &HQWHU 7RN\R 0HWURSROLWDQ ,VODQGV 3URPRWLRQ &RUSRUDWLRQ 7RN\R7D[$VVRFLDWLRQ 7RN\R0HWURSROLWDQ)RXQGDWLRQIRU+LVWRU\DQG&XOWXUH 7RN\R 0HWURSROLWDQ6\PSKRQ\2UFKHVWUD 7RN\R6SRUW%HQHILWV&RUSRUDWLRQ 7RN\R0DUDWKRQ)RXQGDWLRQ 7RN\R 8UEDQ 3ODQQLQJ DQG 'HYHORSPHQW &RUSRUDWLRQ 7RN\R 0HWURSROLWDQ +RXVLQJ 6XSSO\ &RUSRUDWLRQ 7RN\R (QYLURQPHQWDO 3XEOLF 6HUYLFH &RUSRUDWLRQ 7RN\R 0HWURSROLWDQ )RXQGDWLRQ IRU 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$VNHOHWRQ EXGJHWFRPSLOHG6HFRQGRLO )LVFDO EXGJHW )LUVWPLQXVEDVHGEXGJHWFHLOLQJ )LVFDO DQQXDOFORVLQJ %DODQFHRIQHWUHYHQXHDQGH[SHQGL /RQJWHUP3ODQIRUWKH7RN\R0 6RFLDOPHHWLQJIRUSURPRWLQJ WKHYLJRURXVDGPLQLVWUDWLRQRI 3OD]D$FFRUG 6HSWHPEHU 6HFRQG/RQJWHUP3ODQIRUWKH ,Q6HSWHPEHUDVXSSOHPHQWDU\ &RQVXPSWLRQWD[ZDVLQWURGXFHG 7KLUG/RQJWHUP3ODQIRUWKH 7RN\R0HWURSROLWDQ*RYHUQPHQW%XLOGLQJPRYHVWR6KLQMXNX LWV ,Q6HSWHPEHUDVXSSOHPHQWDU\EXGJHWFRPSLOHG UHVSRQVHWRWK )LVFDO EXGJHW $VNHOHWRQ EXGJHWFRPSLOHGIRUWKHILUVW )LVFDO DQQXDOFORVLQJ %DODQFHWKDWGHGXFWVH[SHQGLWXUH WKHKLVWRU\RIWKH PHWURSROLWDQJRYHUQPHQW WKH PHWURSROLWDQJRYHUQPHQW 䚷 FRPPLWWHHVHWXS -XO\ SDFNDJH 78 Total annual expenditure peak 7,581.1 billion yen 㻢㻥㻘㻜㻝㻣 㻢㻤㻘㻞㻣㻡 㻣㻚㻠 㻣㻚㻢 㻣㻚㻜 㻣㻚㻜 㻢㻠㻘㻤㻜㻜 㻢㻚㻥 㻢㻚㻥 㻢㻚㻥 㻢㻚㻥 㻢㻚㻤 㻢㻚㻣 㻢㻜㻘㻝㻠㻤 㻢㻜㻘㻠㻝㻤 㻢㻚㻣 㻢㻚㻡 㻢㻚㻢 㻢㻚㻡 㻢㻚㻠 㻢㻚㻡 㻢㻚㻢 㻢㻚㻢 㻢㻚㻞 㻢㻚㻞 㻢㻚㻞 㻢㻚㻞 㻢㻚㻜 㻢㻚㻝 㻢㻚㻜 㻢㻚㻝 㻢㻚㻜 㻡㻞㻘㻤㻥㻞 㻡㻚㻣 㻡㻚㻡 㻡㻚㻟 㻡㻚㻟 㻡㻚㻡 㻡㻚㻟 㻡㻚㻞 㻠㻞㻘㻢㻥㻜 㻠㻚㻥 㻠㻞㻘㻡㻣㻝 㻠㻚㻣 㻠㻜㻘㻣㻡㻟 㻠㻚㻢 㻠㻚㻠 㻠㻚㻠 㻠㻚㻟 㻠㻚㻞 㻠㻚㻟 㻠㻚㻞 㻠㻚㻟 㻠㻚㻞 㻠㻚㻟 㻠㻚㻡 㻠㻚㻝 㻠㻚㻜 㻠㻚㻝 㻡㻠㻘㻥㻣㻟 㻠㻚㻝 㻟㻚㻥 㻠㻚㻜 㻟㻚㻥 Metropolitan tax Peak of outstanding revenues peak TMG bonds 5,732.6 billion yen 7,675 billion yen 㻡㻣㻘㻝㻜㻟 㻢㻢㻘㻡㻡㻝 㻣㻡㻘㻣㻜㻟 㻢㻞㻘㻥㻞㻢 㻠㻟㻘㻜㻡㻜 㻡㻚㻣 㻡㻚㻡 㻠㻚㻣 㻠㻚㻝 㻠㻚㻥 㻡㻚㻤 㻢㻚㻟 㻢㻚㻣 㻣㻚㻝 㻣㻚㻣 㻣㻚㻣 㻣㻚㻢 㻣㻚㻢 㻣㻚㻢 㻣㻚㻢 㻣㻚㻟 㻢㻚㻤 㻢㻚㻟 㻡㻚㻥 㻡㻚㻤 㻡㻚㻣 㻡㻚㻤 㻡㻚㻞 㻠㻚㻥 㻠㻚㻟 㻠㻚㻜 㻟㻚㻤 )< 㻝㻝㻘㻝㻟㻣 㻝㻜㻘㻥㻢㻥 㻥㻘㻢㻥㻤 㻥㻘㻢㻣㻠 㻥㻘㻣㻥㻥 㻤㻘㻡㻥㻟 㻤㻘㻜㻤㻟 㻤㻘㻟㻟㻝 㻤㻘㻝㻤㻢 㻣㻘㻡㻠㻥 㻣㻘㻝㻠㻝 㻣㻘㻠㻡㻡 㻣㻘㻟㻝㻤 㻡㻘㻡㻢㻜 㻡㻘㻣㻞㻥 㻡㻘㻣㻤㻠 㻡㻘㻢㻟㻟 㻡㻘㻣㻣㻢 㻡㻘㻤㻜㻢 㻡㻘㻜㻣㻢 㻡㻘㻝㻥㻥 㻡㻘㻟㻤㻤 㻡㻘㻠㻜㻢 㻡㻘㻜㻥㻠 㻡㻘㻜㻤㻟 㻡㻘㻠㻝㻤 㻠㻘㻠㻢㻣 㻔㻢㻚㻠㻕 㻔㻣㻚㻢㻕 㻔㻣㻚㻠㻕 㻔㻣㻚㻤㻕 㻔㻤㻚㻢㻕 㻔㻤㻚㻣㻕 㻔㻤㻚㻥㻕 㻔㻤㻚㻤㻕 㻔㻥㻚㻟㻕 㻔㻥㻚㻜㻕 㻔㻤㻚㻟㻕 㻔㻤㻚㻞㻕 㻔㻤㻚㻣㻕 㻔㻤㻚㻥㻕 㻔㻝㻜㻚㻥㻕 㻔㻝㻜㻚㻟㻕 㻔㻝㻝㻚㻠㻕 㻔㻝㻞㻚㻞㻕 㻔㻝㻟㻚㻟㻕 㻔㻝㻟㻚㻤㻕 㻔㻝㻟㻚㻞㻕 㻔㻝㻟㻚㻝㻕 㻔㻝㻠㻚㻜㻕 㻔㻝㻢㻚㻡㻕 㻔㻝㻠㻚㻞㻕㻔㻝㻟㻚㻟㻕 㻔㻝㻠㻚㻡㻕 㻥㻘㻟㻠㻡㻌 㻤㻘㻠㻞㻤㻌 㻢㻘㻞㻣㻠㻌 㻣㻘㻝㻢㻡㻌 㻢㻘㻞㻠㻤㻌 㻡㻘㻤㻜㻣㻌 㻡㻘㻠㻡㻤㻌 㻡㻘㻢㻢㻟㻌 㻠㻘㻥㻞㻠㻌 㻠㻘㻢㻥㻢㻌 㻠㻘㻝㻣㻥㻌 㻠㻘㻡㻡㻞㻌 㻟㻘㻥㻟㻥㻌 㻠㻘㻟㻟㻞㻌 㻟㻘㻥㻤㻢㻌 㻞㻘㻝㻜㻤㻌 㻞㻘㻝㻤㻥㻌 㻞㻘㻜㻢㻜㻌 㻞㻘㻜㻥㻜㻌 㻝㻘㻤㻞㻝㻌 㻝㻘㻡㻠㻢㻌 㻝㻘㻠㻞㻜㻌 㻝㻘㻤㻥㻝㻌 㻣㻥㻝㻌 㻝㻜㻌 㻠㻤㻠㻌 㻝㻡㻌 䠄䠂䠅 㻝㻜㻠㻚㻝 㻝㻘㻟㻣㻜 㻝㻘㻞㻥㻞 㻝㻘㻞㻡㻟 㻝㻘㻞㻣㻟 㻝㻘㻞㻣㻣 㻥㻥㻚㻟 㻥㻣㻚㻥 㻝㻝㻜 㻥㻠㻚㻤 㻥㻢㻚㻟 㻥㻡㻚㻠 㻥㻢㻚㻝 㻥㻡㻚㻢 㻥㻢㻚㻥 㻥㻡㻢 㻥㻢㻚㻜 㻥㻠㻚㻡 㻥㻡㻚㻞 㻥㻞㻚㻠 㻥㻞㻚㻢 㻥㻞㻚㻣 㻤㻣㻚㻢 㻡㻞㻥 㻤㻢㻚㻞 㻤㻠㻚㻤 㻝㻜㻜 㻤㻠㻚㻝 㻤㻝㻚㻡 㻜㻜㻜㻜 㻥㻜 㻣㻠㻚㻠 㻝 㻤㻜 㻤㻡㻚㻤 㻤㻠㻚㻡 㻤㻜㻚㻞 㻤 㻢 㻡㻠㻢 㻢 㻡 㻢 㻣㻥㻚㻢 㻤㻞㻚㻞 䕧 㻝㻜㻜 㻣㻣㻚㻡 䕧 㻞㻣㻢 㻣㻜 䕧 㻡㻞㻠 䕧 㻠㻠㻥 䕧 㻢㻣㻤 㻢㻜 䕧 㻤㻤㻝 䕧 㻝㻘㻜㻢㻤 Governor Naoki Inose Governor Yoichi Masuzoe 㻡㻜 *RYHUQRU OFORVLQJ UDWHUDLVHGWR 2FWREHU REHU LWXUHVZLQJVEDFNLQWRWKHEODFN LQWURGXFHG LRQDOJRYHUQPHQW VHFRQRPLFFULVLVPHDVXUHV HG )HEUXDU\ RUDWHWD[LQWURGXFHG 7RN\RYLVLRQIRUPXODWHG 'HFHPEHU UGFRQVHFXWLYH\HDU ILUVWWLPHLQWKHKLVWRU\RIWKH7RN\R0HWURSROLWDQ WD[V\VWHPVHQDFWHG $XJXVW LHZHG 7RN\R V%LJ&KDQJH 7KH 79