Notes to Consolidated Financial Statements4

HOKURIKU ELECTRIC POWER COMPANY AND CONSOLIDATED SUBSIDIARIES
March 31, 2017

5. Notes to Consolidated Statements of Operations

(a) Provision

 Retirement benefit expense and provision included in the consolidated statement of operations for the fiscal year March 31, 2017 and 2016 were as follows:

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

201720162017
Retirement benefit expenses¥8,455¥1,253$75,360
Provision for reprocessing of irradiated nuclear fuel4098743,645
Provision for preparation of the reprocessing of irradiated nuclear fuel without specific plans1222341,088

(b) Operating expenses

 Details of operating expenses in the electric power business for the years ended March 31, 2017 and 2016 were as follows:

Millions of yen

Operating expenses in the electric power business
2017Selling, general and administrative expenses
Personnel¥50,962¥23,102
(Retirement benefit expense)6,9616,961
Fuel102,624-
Maintenance63,4961,053
Depreciation61,9793,273
Purchased electric power69,660-
Other146,99520,368
Subtotal495,71947,797
Intercompany elimination(5,048)-
Total¥490,670¥-

Millions of yen

Operating expenses in the electric power business
2016Selling, general and administrative expenses
Personnel¥44,318¥16,100
(Provision for retirement benefits)(272)(272)
Fuel102,396-
Maintenance58,1701,020
Depreciation64,3342,689
Purchased electric power63,802-
Other132,98119,937
Subtotal466,00339,747
Intercompany elimination(5,439)-
Total¥460,563¥-

Thousands of U.S. dollars

Operating expenses in the electric power business
2017Selling, general and administrative expenses
Personnel$454,213$205,900
(Retirement benefit expense)62,04962,049
Fuel914,658-
Maintenance565,9189,392
Depreciation552,40329,174
Purchased electric power620,859-
Other1,310,123181,534
Subtotal4,418,177426,002
Intercompany elimination(44,999)-
Total$4,373,178$-

(c) Research and development expenses

 Total research and development expenses included in the consolidated statements of operations for the fiscal years ended March 31, 2017 and 2016 were as follows:

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

201720162017
Research and development expenses¥1,689¥1,405$15,054

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