Notes to Consolidated Financial Statements3

HOKURIKU ELECTRIC POWER COMPANY AND CONSOLIDATED SUBSIDIARIES
March 31, 2016

5. Notes to Consolidated Balance Sheets

(a) Reduction entry of property, plant and equipment

 Reduction entries of property, plant and equipment as of March 31, 2016 and 2015 were as follows:

Millions of yen / Millions of yen / Thousands of U.S. dollars

201620152016
Contributions in aid of construction¥67,996¥67,699$603,395

(b) Accumulated depreciation of property, plant and equipment

 Accumulated depreciations of property, plant and equipment as of March 31, 2016 and 2015 were as follows:

Millions of yen / Millions of yen / Thousands of U.S. dollars

201620152016
¥2,537,773¥2,481,641$22,519,955

(c) Investments in unconsolidated subsidiaries and affiliates included in "Other" of Investments and other assets

 Investments of unconsolidated subsidiaries and affiliates included in "Other" of Investments and other assets as of March 31, 2016 and 2015 were as follows:

Millions of yen / Millions of yen / Thousands of U.S. dollars

201620152016
¥3,910¥3,863$34,697

(d) Pledged assets and secured liabilities

 All assets of the Company are subject to certain statutory preferential rights established to secure the following bonds and loans from the Development Bank of Japan Incorporated:

Millions of yen / Millions of yen / Thousands of U.S. dollars

Hokuriku Electric Power Company201620152016
Bonds¥475,375¥465,375$4,218,431
Loans from the Development Bank of Japan Incorporated51,85248,042460,134
Recourse obligation under debt assumption agreements80,700110,370716,123

 Additionally, following property, plant and equipment of consolidated UFJ, Ltd. subsidiaries are pledged as collateral for the following loans:

Millions of yen / Millions of yen / Thousands of U.S. dollars

Consolidated subsidiaries201620152016
Pledged assets:
 Other noncurrent assets¥6,090¥6,331$54,050
 Investments and other assets8879
Secured liabilities
 Long-term loans1,2151,55510,781

(e) Inventories

 Inventories as of March 31, 2016 and 2015 were as follows:

Millions of yen / Millions of yen / Thousands of U.S. dollars

201620152016
Merchandise and finished goods¥256¥316$2,273
Work in process2,3602,02520,950
Raw materials and supplies16,39919,745145,524
Total¥19,016¥22,087$168,747

(f) Contingent liabilities

 Contingent liabilities as of March 31, 2016 and 2015 were as follows:

Millions of yen / Millions of yen / Thousands of U.S. dollars

201620152016
Guarantees of loans of following companies and other
 Japan Nuclear Fuel Ltd.¥36,959¥37,852$327,976
 The Japan Atomic Power Company17,49217,492155,229
 Power and IT Company1,3001,30011,536
 Guarantees of housing and welfare loans of the Companies' employees12,51613,569111,072
Total¥68,269¥70,215$605,814

Millions of yen / Millions of yen / Thousands of U.S. dollars

201620152016
Guarantees of the corporate bonds of following company
 Japan Nuclear Fuel Ltd.¥404¥1,212$3,585

Millions of yen / Millions of yen / Thousands of U.S. dollars

201620152016
Recourse obligation under debt assumption agreement of following corporate bonds (*)
 The 245th domestic straight bonds of Hokuriku Electric Power Company¥ -¥29,670$ -
 The 248th domestic straight bonds of Hokuriku Electric Power Company22,50022,500199,662
 The 250th domestic straight bonds of Hokuriku Electric Power Company28,20028,200250,244
 The 281th domestic straight bonds of Hokuriku Electric Power Company30,00030,000266,217
Total¥80,700¥110,370$716,123
(*) Recourse obligation by underwriter
 Mizuho Bank, Ltd.¥70,700¥100,370$627,384
 The Bank of Tokyo-Mitsubishi UFJ, Ltd.10,00010,00088,739

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