REGULATIONS CONCERNING TERMINOLOGY, FORMS AND METHODS OF PREPARATION OF FINANCIAL STATEMENTS, ETC. Copyright Roderick Seeman

Section 2. Current Assets

Article 15. Scope of Current Assets The assets listed hereunder shall belong to current assets:

i. Cash on hands and in banks. However, deposits which do not expire within one year are excluded.

ii. Notes receivable trade. (Meaning claimable notes arising out of normal transactions. However, excluding bankruptcy claims, reorganization claims, and such other claims corresponding to those for which it is not clear whether collection can be made within one year. Hereinafter the same.)

iii. Accounts receivable trade (meaning funds not yet received related to business arising out of normal transactions. However, excluding bankruptcy claims, reorganization claims and such other claims corresponding to those for which it is not clear whether collection can be made within one year. Hereinafter the same.)

iv. Marketable securities held temporarily. However, those issued by affiliated companies are excluded.

v. Purchased goods (including land, buildings and other immovable property held for the purpose of sale)

vi. Finished goods, byproducts and work refuse.

vii. Semifinished goods, (including parts made in-company)

viii. Raw materials and ingredients (including purchased parts)

ix. Work in process and semifinished work.

x. Expendable supplies, consumable tools, devices, fittings and other supplies above a suitable value.

xi. Advance payments (Meaning advance payments for the purchase of goods, raw materials, etc. However, excluding bankruptcy claims, reorganization claims and such other claims corresponding to those for which it is not clear whether collection can be made within one year. Hereinafter the same.)

xii. Such other assets as are deemed to be capable of being turned into cash within one year.