|
|
 | |
- close
- close
| |||||||||
This excerpt taken from the MFG 20-F filed Aug 19, 2009. Other investments The following table summarizes the composition of other investments:
Equity method investments Investments in investees over which the MHFG Group has the ability to exert significant influence are accounted for using the equity method of accounting. Such investments included marketable equity securities carried at ¥35,292 million and ¥49,694 million, at March 31, 2008 and 2009, respectively. The aggregated market values of those marketable equity securities were ¥50,558 million and ¥50,132 million, respectively. Investments held by consolidated investment companies The MHFG Group consolidates certain investment companies for which it has control either through ownership or other means. Investment companies are subject to specialized industry accounting which requires investments to be carried at fair value, with changes in fair value recorded in earnings. The MHFG Group maintains this specialized industry accounting for investments held by consolidated investment companies, which consist of marketable and non-marketable investments. Other equity interests Other equity interests consist primarily of non-marketable equity securities outside the scope of SFAS No.115, for which the MHFG Group has neither significant influence nor control over the investees. These securities are stated at acquisition cost, with other-than-temporary impairment, if any, included in earnings. The fair values of these securities at March 31, 2008 and 2009 were not readily determinable. The MHFG Group monitors the status of each investee, including its credit rating, to determine whether impairment losses should be recognized.
F-30
Table of ContentsMIZUHO FINANCIAL GROUP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
This excerpt taken from the MFG 6-K filed Feb 12, 2009. Other Investments Other investments are comprised of (1) investments in investees over which the MHFG Group has the ability to exert significant influence, which are accounted for using the equity method of accounting, (2) investments held by consolidated investment companies, which are carried at fair value with changes in fair value recorded in earnings, and (3) other equity interests, which consist primarily of non-marketable equity securities outside the scope of SFAS No.115, which are stated at acquisition cost, less other-than-temporary impairment, if any.
F-12
Table of ContentsMIZUHO FINANCIAL GROUP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)—(Continued)
This excerpt taken from the MFG 20-F filed Sep 4, 2008. Other investments The following table summarizes the composition of other investments:
Equity method investments Investments in investees over which the MHFG Group has the ability to exert significant influence are accounted for using the equity method of accounting. Such investments included marketable equity securities carried at ¥37,860 million and ¥35,292 million, at March 31, 2007 and 2008, respectively. The aggregated market values of those marketable equity securities were ¥91,867 million and ¥50,558 million, respectively. Investments held by consolidated investment companies The MHFG Group consolidates certain investment companies for which it has control either through ownership or other means. Investment companies are subject to specialized industry accounting which requires investments to be carried at fair value, with changes in fair value recorded in earnings. The MHFG Group maintains this specialized industry accounting for investments held by consolidated investment companies, which consist of marketable and non-marketable investments. Other equity interests Other equity interests consist primarily of non-marketable equity securities outside the scope of SFAS No.115, “Accounting for Certain Investments in Debt and Equity Securities” (“SFAS No.115”), for which the MHFG Group has neither significant influence nor control over the investees. These securities are stated at acquisition cost, with other-than-temporary impairment, if any, included in earnings. The fair values of these securities at March 31, 2007 and 2008 were not readily determinable. The MHFG Group monitors the status of each investee, including its credit rating, to determine whether impairment losses should be recognized.
F-28
Table of ContentsMIZUHO FINANCIAL GROUP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
This excerpt taken from the MFG 6-K filed Feb 12, 2008. Other Investments Other investments are comprised of (1) investments, in investees over which the MHFG Group has the ability to exert significant influence, which are accounted for using the equity method of accounting, (2) investments held by consolidated investment companies, which are carried at fair value with changes in fair value recorded in earnings, and (3) other equity interests, which consist primarily of non-marketable equity securities outside the scope of SFAS No.115, “Accounting for Certain Investments in Debt and Equity Securities” (“SFAS No.115”), which are stated at acquisition cost, less other-than-temporary impairment, if any.
F-12
Table of ContentsMIZUHO FINANCIAL GROUP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)—(Continued)
This excerpt taken from the MFG 20-F filed Aug 10, 2007. Other investments The following table summarizes the composition of other investments:
Equity method investments Investments in investees over which the MHFG Group has the ability to exert significant influence are accounted for using the equity method of accounting. Such investments included marketable equity securities carried at ¥33,250 million and ¥37,860 million at March 31, 2006 and 2007, respectively. The aggregated market values of those marketable equity securities were ¥106,676 million and ¥91,867 million, respectively. Investments held by consolidated investment companies The MHFG Group consolidates certain investment companies for which it has control either through ownership or other means. Investment companies are subject to specialized industry accounting which requires investments to be carried at fair value, with changes in fair value recorded in earnings. The MHFG Group maintains this specialized industry accounting for investments held by consolidated investment companies, which consist of marketable and non-marketable investments.
F-26
Table of ContentsMIZUHO FINANCIAL GROUP, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Other equity interests Other equity interests consist primarily of non-marketable equity securities outside the scope of SFAS No.115, for which the MHFG Group has neither significant influence nor control over the investees. These securities are stated at acquisition cost, with other-than-temporary impairment, if any, included in earnings. The fair values of these securities at March 31, 2006 and 2007 were not readily determinable. The MHFG Group monitors the status of each investee, including its credit rating, to determine whether impairment losses should be recognized. The decrease in other equity interests is mainly due to write-down of preferred stocks issued by a large non-bank financial company. | EXCERPTS ON THIS PAGE:
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||
