Consolidated Balance Sheet

Assets

I Current assets

¥ million

  Mar. '15 Mar. '16 Mar. '17 Mar. '18 Mar. '19
1. Cash and deposits 922,683 772,528 652,614 276,102 239,675
2. Accounts receivable-trade 77,209 56,462 72,364 66,900 92,217
3. Marketable securities 162,289 - 5,503 - -
4. Inventories 31,652 35,915 30,720 32,321 40,100
5. Deferred tax assets 4,955 2,852 7,264 3,231 -
6. Accounts receivable-other 110,314 84,650 83,291 71,014 68,331
7. Recoverable accounts under production sharing - - 47,263 - -
8. Other 46,211 45,012 68,403 40,997 30,644
9. Less allowance for doubtful accounts (12,905) (13,076) (20,763) (20,984) (13,257)
10. Less allowance for recoverable accounts under production sharing - - (3,701) - -
Total current assets 1,342,409 984,345 942,960 469,582 457,711

II Fixed assets

¥ million

  Mar. '15 Mar. '16 Mar. '17 Mar. '18 Mar. '19
1. Tangible fixed assets
(1) Buildings and structures 138,010 124,900 214,575 201,045 187,191
(2) Wells 36,391 51,257 44,980 38,323 259,310
(3) Machinery, equipment and vehicles 109,686 130,796 120,713 99,472 1,304,356
(4) Land 19,869 19,673 19,189 19,098 18,930
(5) Construction in progress 1,173,409 1,407,490 1,511,660 1,678,743 506,399
(6) Other 20,254 18,495 17,478 7,936 2,805
Total tangible fixed assets 1,497,621 1,752,614 1,928,597 2,044,619 2,278,994
2. Intangible assets
(1) Goodwill 74,319 67,558 60,798 54,037 47,276
(2) Exploration and development rights 134,809 146,262 154,556 153,168 152,977
(3) Mining rights 238,316 318,438 298,370 328,086 314,759
(4) Other 11,324 9,212 7,528 6,210 5,200
Total intangible assets 458,769 541,471 521,253 541,502 520,213
3. Investments and other assets
(1) Investment securities 284,090 213,730 246,085 367,417 419,064
(2) Long-term loans receivable 126,516 4,230 134,235 295,861 592,786
(3) Long-term time deposits 120,270 202,842 - - -
(4) Recoverable accounts under production sharing 703,291 727,771 611,937 589,098 568,059
(5) Deferred tax assets 22,848 13,105 25,750 20,263 13,746
(6) Other 76,168 71,357 29,248 11,359 17,258
(7) Less allowance for doubtful accounts (8,398) (7,814) (8,282) (849) (789)
(8) Less allowance for recoverable accounts under production sharing (121,707) (131,765) (116,842) (81,625) (70,017)
(9) Less allowance for investments in exploration (2,727) (2,046) (2,769) (1,664) (3,482)
Total investments and other assets 1,200,352 1,091,410 919,362 1,199,860 1,536,625
Total fixed assets 3,156,743 3,385,496 3,369,213 3,785,982 4,335,834
Total assets 4,499,153 4,369,841 4,312,174 4,255,565 4,793,545

Liabilities

I Current liabilities

¥ million

  Mar. '15 Mar. '16 Mar. '17 Mar. '18 Mar. '19
1. Accounts payable-trade 53,474 47,351 51,105 45,675 32,205
2. Short-term loans 33,206 68,468 44,252 71,250 127,184
3. Income taxes payable 60,185 42,845 45,219 17,234 19,281
4. Accounts payable-other 113,567 79,621 73,721 94,360 113,179
5. Provision for loss on business - - 2,920 9,887 9,971
6. Provision for exploration projects 9,492 4,781 4,478 4,005 7,303
7. Accrued bonuses to officers 70 55 62 62 96
8. Asset retirement obligations 1,093 2,233 4,301 407 3,309
9. Other 94,122 73,769 71,403 66,310 59,469
Total current liabilities 365,212 319,127 297,465 309,194 372,000

II Long-term liabilities

¥ million

  Mar. '15 Mar. '16 Mar. '17 Mar. '18 Mar. '19
1. Long-term debt 643,951 673,098 643,432 627,326 1,014,013
2. Deferred tax liabilities 77,917 56,044 45,615 35,619 25,129
3. Provision for loss on business 9,080 4,737 - - -
4. Provision for stocks payment - - - - 21
5. Accrued special repair and maintenance 227 293 331 380 479
6. Liability for retirement benefits 6,700 7,461 5,952 5,937 6,265
7. Asset retirement obligations 105,234 100,829 104,845 111,128 110,107
8. Other 2,126 29,445 6,989 7,110 7,943
Total long-term liabilities 845,238 871,911 807,166 787,502 1,163,961
Total liabilities 1,210,450 1,191,038 1,104,631 1,096,696 1,535,961

Net assets

I Shareholders' equity

¥ million

  Mar. '15 Mar. '16 Mar. '17 Mar. '18 Mar. '19
1. Common stock 290,809 290,809 290,809 290,809 290,809
2. Capital surplus 679,287 676,273 676,273 673,574 673,574
3. Retained earnings 1,584,645 1,575,136 1,595,018 1,609,094 1,678,914
4. Treasury stock (5,248) (5,248) (5,248) (5,248) (5,434)
Total shareholders' equity 2,549,494 2,536,971 2,556,852 2,568,230 2,637,863

II Accumulated other comprehensive income

¥ million

  Mar. '15 Mar. '16 Mar. '17 Mar. '18 Mar. '19
1. Unrealized holding gain (loss) on securities 46,049 4,958 6,479 10,217 2,831
2. Unrealized gain (loss) from hedging instruments (36,423) (6,660) 717 25,724 6,359
3. Translation adjustments 507,560 397,622 379,119 312,507 359,425
Total accumulated other comprehensive income 517,185 395,921 386,316 348,449 368,616

III Non-controlling interests

¥ million

  Mar. '15 Mar. '16 Mar. '17 Mar. '18 Mar. '19
Non-controlling interests 222,023 245,910 264,372 242,188 251,103
Total net assets 3,288,703 3,178,803 3,207,542 3,158,868 3,257,584
Total liabilities and net assets 4,499,153 4,369,841 4,312,174 4,255,565 4,793,545

Assets

I Current assets

¥ million

  Mar. '18 Jun. '18 Sep. '18 Dec. '18 Mar. '19
1. Cash and deposits 276,102 366,642 425,742 234,811 239,675
2. Accounts receivable-trade 66,900 95,199 101,394 105,005 92,217
3. Inventories 32,321 32,086 31,539 39,155 40,100
4. Deferred tax assets 3,231 - - - -
5. Accounts receivable-other 71,014 - - - 68,331
6. Other 40,997 111,184 111,644 98,451 30,644
7. Less allowance for doubtful accounts (20,984) (23,723) (24,263) (22,375) (13,257)
Total current assets 469,582 581,389 646,058 455,048 457,711

II Fixed assets

¥ million

  Mar. '18 Jun. '18 Sep. '18 Dec. '18 Mar. '19
1. Tangible fixed assets 2,044,619 2,114,344 2,207,575 2,297,177 2,278,994
2. Intangible assets
(1) Goodwill 54,037 52,347 50,657 48,966 47,276
(2) Other 487,465 465,595 473,404 483,439 472,937
Total intangible assets 541,502 517,942 524,061 532,406 520,213
3. Investments and other assets
(1) Investment securities 367,417 368,731 379,980 408,182 419,064
(2) Long-term loans receivable 295,861 471,903 511,491 592,346 592,786
(3) Recoverable accounts under production sharing 589,098 585,072 585,361 584,352 568,059
(4) Deferred tax assets 20,263 - - - 13,746
(5) Other 11,359 25,236 25,910 40,084 17,258
(6) Less allowance for doubtful accounts (849) (796) (806) (826) (789)
(7) Less allowance for recoverable accounts under production sharing (81,625) (82,192) (83,345) (84,852) (70,017)
(8) Less allowance for investments in exploration (1,664) (1,748) (2,218) (2,476) (3,482)
Total investments and other assets 1,199,860 1,366,206 1,416,372 1,536,809 1,536,625
Total fixed assets 3,785,982 3,998,493 4,148,009 4,366,393 4,335,834
Total assets 4,255,565 4,579,883 4,794,067 4,821,442 4,793,545

Liabilities

I Current liabilities

¥ million

  Mar. '18 Jun. '18 Sep. '18 Dec. '18 Mar. '19
1. Accounts payable-trade 45,675 26,309 27,032 32,776 32,205
2. Short-term loans 71,250 76,537 122,445 149,158 127,184
3. Commercial papers - 150,000 72,000 108,000 -
4. Income taxes payable 17,234 34,748 40,780 29,661 19,281
5. Accounts payable-other 94,360 - - - 113,179
6. Provision for loss on business 9,887 9,887 10,037 9,969 9,971
7. Provision for exploration projects 4,005 3,632 3,734 4,813 7,303
8. Accrued bonuses to officers 62 15 31 47 96
9. Asset retirement obligations 407 377 300 293 3,309
10. Other 66,310 156,368 184,900 149,663 59,469
Total current liabilities 309,194 457,876 461,261 484,384 372,000

II Long-term liabilities

¥ million

  Mar. '18 Jun. '18 Sep. '18 Dec. '18 Mar. '19
1. Long-term debt 627,326 769,222 887,797 936,331 1,014,013
2. Deferred tax liabilities 35,619 - - - 25,129
3. Provision for stocks payment - - 7 14 21
4. Accrued special repair and maintenance 380 392 400 413 479
5. Liability for retirement benefits 5,937 6,186 6,119 6,164 6,265
6. Asset retirement obligations 111,128 114,268 120,346 109,456 110,107
7. Other 7,110 43,837 45,292 34,760 7,943
Total long-term liabilities 787,502 933,907 1,059,963 1,087,141 1,163,961
Total liabilities 1,096,696 1,391,784 1,521,225 1,571,525 1,535,961

Net assets

I Shareholders' equity

¥ million

  Mar. '18 Jun. '18 Sep. '18 Dec. '18 Mar. '19
1. Common stock 290,809 290,809 290,809 290,809 290,809
2. Capital surplus 673,574 673,574 673,574 673,574 673,574
3. Retained earnings 1,609,094 1,612,763 1,629,985 1,645,407 1,678,914
4. Treasury stock (5,248) (5,248) (5,434) (5,434) (5,434)
Total shareholders' equity 2,568,230 2,571,898 2,588,935 2,604,357 2,637,863

II Accumulated other comprehensive income

¥ million

  Mar. '18 Jun. '18 Sep. '18 Dec. '18 Mar. '19
1. Unrealized holding gain (loss) on securities 10,217 12,387 16,406 2,649 2,831
2. Unrealized gain (loss) from hedging instruments 25,724 34,147 36,138 20,760 6,359
3. Translation adjustments 312,507 327,307 385,648 370,549 359,425
Total accumulated other comprehensive income 348,449 373,842 438,193 393,959 368,616

III Non-controlling interests

¥ million

  Mar. '18 Jun. '18 Sep. '18 Dec. '18 Mar. '19
Non-controlling interests 242,188 242,358 245,713 251,599 251,103
Total net assets 3,158,868 3,188,099 3,272,841 3,249,916 3,257,584
Total liabilities and net assets 4,255,565 4,579,883 4,794,067 4,821,442 4,793,545