IFRS Reference Consolidated Financial Statements

Transcription

1 Daiwa Securities Group Inc. Consolidated Financial Statements For the fiscal period ended March 31, 2015 The statutory consolidated financial statements of Daiwa Securities Group Inc. filed under Financial Instruments and Exchange Act of Japan etc. are prepared in accordance with Generally Accepted Accounting Principles in Japan (JGAAP). In contrast, the accompanying IFRS-based financial statements are presented for reference only for the purpose of providing useful information for our shareholders and investors, and are not any requirement by Company Act, Financial Instruments and Exchange Act of Japan, nor listing rules of Tokyo Stock Exchange. Please note that there is no direct comparability between the financial statements prepared under different accounting standards.

2 Daiwa Securities Group Inc. Table of Contents Page Cover Consolidated Financial Statements Consolidated Statements of Profit or Loss...3 Consolidated Statements of Comprehensive Income...4 Consolidated Statements of Financial Position...5 Other Information...6 2

3 Consolidated Financial Statements Consolidated Statements of Profit or Loss Operating revenue: (Unit:millions of Yen) Commission received 301, ,118 Net gain on trading 156, ,551 Net gain on operational investment securities 8,517 10,738 Financial revenue 106, ,954 Other operating revenue 66,147 74,813 Total operating revenue 639, ,174 Financial expenses (57,685) (56,684) Other operating expenses (38,197) (42,778) Net operating revenue 543, ,712 Selling, general and administrative expenses (358,734) (362,230) Other profits and losses (6,752) (3,601) Share of net profit from investments accounted for using equity method 7,209 3,989 Profit before income tax 185, ,870 Income tax expenses (16,661) (25,840) Net profit 168, ,030 Net profit attribute to: Owners of the parent 164, ,029 Non-controlling interests 4,635 6,001 Daiwa Securities Group Inc. Earnings per share Attribute to owners of the parent: (Unit:Yen) Basic Diluted

4 Consolidated Statements of Comprehensive Income (Unit:millions of Yen) Net profit 168, ,030 Other comprehensive income: Items that may be reclassified subsequently to profit or loss: Exchange differences on translating foreign operations 30,338 29,719 Cash-flow hedge reserves - (231) Share of other comprehensive income of investments accounted for using equity method (2,806) (436) Financial assets measured at FVTOCI - 1,142 Valuation difference on available-for-sale securities 13,259 - Deferred gains or losses on hedges 3,807 - Items that will not be reclassified to profit or loss: Designated financial assets measured at FVTOCI - 31,021 Designated financial liabilities measured at FVTPL - (17,985) Other comprehensive income 44,598 43,230 Comprehensive income 213, ,260 Comprehensive income attribute to: Owners of the parent 208, ,892 Non-controlling interests 4,624 6,368 Daiwa Securities Group Inc. 4

5 Consolidated Statements of Financial Position Assets: Date of Transition April 1, March 31, 2014 (Unit:millions of Yen) March 31, 2015 Cash and bank deposits 1,153,164 1,823,171 2,921,844 Trading securities and other 6,101,444 4,736,345 5,192,464 Derivative assets 2,747,684 2,374,624 2,900,579 Loans secured by securities 4,841,727 5,888,420 6,428,165 Loans and trade receivables 701, ,823 4,589,201 Operational investment securities 62,456 78,792 98,064 Other investments 2,273,873 2,750,568 2,648,666 Other financial assets 497, , ,369 Designated financial assets measured at FVTOCI ,599 Equity method investments 124, , ,304 Property and equipment 127, , ,275 Investment property 282, , ,959 Intangible assets 82,231 78,097 78,065 Other assets 22,308 23,524 23,673 Current tax assets 6,401 3,961 39,109 Deferred tax assets 10,626 19,409 16,018 Total assets 19,034,903 19,497,484 26,392,354 Liabilities: Trading securities and other 2,624,242 3,426,718 3,374,209 Derivative liabilities 2,341,451 1,869,711 2,421,058 Loans payable secured by securities 7,142,965 6,330,270 7,253,155 Trade payables 108, ,649 4,349,375 Deposits for banking business 1,864,779 2,293,424 2,841,398 Deposits from customers 136, , ,325 Borrowings 1,890,858 1,919,369 2,346,160 Bonds and notes 1,419,464 1,473,352 1,439,400 Other financial liabilities 400, , ,882 Provisions 3,488 4,472 4,575 Net defined benefit liabilities 31,810 33,740 36,238 Other liabilities 41,727 50,763 57,223 Current tax liabilities 3,095 15,348 13,805 Deferred tax liabilities 18,274 33,330 56,160 Total liabilities 18,027,123 18,324,520 25,014,963 Equity: Common stock 247, , ,397 Additional paid-in-capital 228, , ,615 Retained earnings 396, , ,284 Treasury stock (19,212) (17,817) (15,771) Other components of equity 64, , ,530 Equity attribute to owners of the parent 917,302 1,080,986 1,265,055 Non-controlling interests 90,478 91, ,336 Total equity 1,007,780 1,172,964 1,377,391 Total liabilities and equity 19,034,903 19,497,484 26,392,354 Daiwa Securities Group Inc.

6 Daiwa Securities Group Inc. Other Information (1)Basis of preparation Daiwa Securities Group Inc. (the Company ) presents the accompanying International Financial Reporting Standards ( IFRS ) based consolidated financial statements on its homepage for reference only, and this information does not comprise any contents of statutory disclosure under Financial Instruments and Exchange Act of Japan etc.. The statutory disclosures of the Company are continuingly based on the consolidated financial statements prepared in accordance with Generally Accepted Accounting Principles in Japan ( JGAAP ). The accompanying consolidated financial statements comprise consolidated statements of profit or loss, consolidated statements of comprehensive income and consolidated statements of financial position selected from the Company s first IFRS consolidated financial statements for the fiscal period ended March 31, 2015 ( ) which are prepared in accordance with IFRS, and are not complete set of consolidated financial statements. The comparative consolidated financial statements are for the period ended March 31, 2014 ( ") and the Company s date of transition to IFRS is April 1, The Company adopted IFRS1 First-time Adoption of International Financial Reporting Standards in the course of preparing the first IFRS consolidated financial statements. The Company early adopted IFRS9 Financial Instruments (issued in November 2009, amended in July 2014) ( IFRS9 ). In adopting IFRS9, the Company selected to apply Exemption from the requirement to restate comparative information for IFRS9, and to the extent that the disclosures required by IFRS7 Financial Instruments: Disclosure relate to items within the scope of IFRS9, the comparative information in the Company s first IFRS consolidated financial statements of the date of transition to IFRS and are not complied with IFRS7 or IFRS9 but applies JGAAP. Any adjustments between the comparative period s reporting date and the statement of financial position at the beginning of this fiscal period are treated as adjustments to equity. The accompanying consolidated financial statements are stated in the Company s functional currency, Japanese Yen, and unless otherwise stated, all financial information presented in million yen has been rounded to the nearest million. (2)Changes of the scope of consolidation N/A (3)Changes in accounting policies, accounting estimates and errors On April 1, 2014, the Company early adopted IFRS9. Consequently, at the beginning of this fiscal period, Retained earnings, Other components of equity and Non-controlling interests increased by 17,202million yen, 21,726million yen and 123million yen respectively. 6