Daiwa Securities Group Annual Report 2012 Consolidated Balance Sheets DAIWA SECURITIES GROUP INC. March 31, 2012 and 2011 Millions of yen Thousands of  U.S. dollars  (Note 1) ASSETS 2012 2011 2012 Cash and cash deposits:  Cash and cash equivalents (Notes 5 and 7) ¥ 1,038,981 ¥ 1,043,464 $ 12,670,500 Cash segregated as deposits for regulatory purposes (Note 5) 204,478 241,697 2,493,634 Time deposits (Note 5) 21,487 39,776 262,037 1,264,946 1,324,937 15,426,171 Receivables: Loans receivable from customers 108,932 72,090 1,328,439 Loans receivable from other than customers 10,591 15,582 129,159 Receivables related to margin transactions (Notes 3 and 5) 120,870 147,848 1,474,024 Other (Note 23) 276,176 262,653 3,368,000 Less: Allowance for doubtful accounts (1,858) (300) (22,659) 514,711 497,873 6,276,963 Collateralized short-term financing agreements  (Notes 4, 5 and 23) 5,735,192 7,327,846 69,941,366 Trading assets  (Notes 5, 6 and 9) 8,876,950 6,770,479 108,255,488 Securities  (Notes 5, 7 and 9) 1,464,395  26,435 17,858,476  Private equity investments: Private equity and other investments (Notes 5 and 7) 174,305 219,524 2,125,671 Less: Allowance for possible investment losses (Note 5) (36,128) (41,963) (440,585) 138,177 177,561  1,685,086 Trade account receivables, net  (Note 5) 139,096 102,011 1,696,293 Other assets: Property and equipment, at cost (Note 20) 521,313 255,154 6,357,475 Less: Accumulated depreciation (126,897) (121,927) (1,547,524) 394,416 133,227 4,809,951 Goodwill 20,992 26,660 256,000 Other intangible fixed assets (Note 20) 81,896 109,021 998,732 Investment securities (Notes 5, 7 and 9) 159,096 188,857 1,940,195 Deferred tax assets (Note 14) 14,429 33,808 175,963 Other 120,622 124,608 1,470,999  Less: Allowance for doubtful accounts (880) (911) (10,732) 790,571 615,270 9,641,108  ¥18,924,038 ¥16,842,412 $230,780,951 See accompanying notes. 60 Corporate Summary Executive Messages Business Strategy Other Information Management Systems & CSR Financial Section