Income Analysis (Nonconsolidated) SMBC Millions of yen 2011 2010 Year ended March 31 Average balance Interest Earnings yield Average balance Interest Earnings yield Interest-earning assets ................................... ¥17,816,289 ¥275,696 1.54% ¥17,035,222 ¥323,681 1.90% Loans and bills discounted ......................... 8,698,046 173,161 1.99 9,241,539 196,060 2.12 Securities .................................................... 5,456,150 57,854 1.06 4,330,491 54,658 1.26 Call loans .................................................... 328,099 3,385 1.03 300,991 2,849 0.94 Receivables under resale agreements ........ 47,258 757 1.60 45,582 193 0.42 Receivables under securities borrowing transactions ............................. 6,253 44 0.71 257 2 0.85 Bills bought ................................................. — — — — — — Deposits with banks ................................... 2,189,841 13,247 0.60 2,220,451 12,933 0.58 Interest-bearing liabilities ............................... ¥17,214,422 ¥175,456 1.01% ¥16,725,582 ¥187,233 1.11% [1,239,310] [2,267] [563,457] [6,583] Deposits...................................................... 7,784,154 27,958 0.35 8,610,028 34,424 0.39 Negotiable certificates of deposit ............... 1,932,985 18,754 0.97 1,746,135 15,562 0.89 Call money .................................................. 276,613 1,529 0.55 610,090 2,241 0.36 Payables under repurchase agreements .... 549,435 1,725 0.31 346,279 517 0.14 Payables under securities lending transactions ................................. 2,344,391 6,247 0.26 1,579,701 4,631 0.29 Borrowed money ........................................ 1,702,887 76,455 4.48 1,954,454 92,296 4.72 Bonds ......................................................... 857,741 23,510 2.74 1,046,437 28,527 2.72 International Operations Notes: 1. “Interest-earning assets” are shown after deduction of the average balance of noninterest-earning deposits (2011, ¥61,902 million; 2010, ¥138,379  million). 2. Figures in brackets [ ] indicate the average balances of interdepartmental lending and borrowing activities between domestic and international operations  and related interest expenses. As net interest figures are shown for interest rate swaps and similar instruments, some figures for domestic and international  operations do not add up to their sums. 3. The average balance of foreign-currency-denominated transactions by domestic branches in international operations is calculated by the monthly current  method, under which the TT middle rate at the end of the previous month is applied to nonexchange transactions of the month concerned. Millions of yen 2011 2010 Year ended March 31 Average balance Interest Earnings yield Average balance Interest Earnings yield Interest-earning assets ................................... ¥93,664,970 ¥1,259,403 1.34% ¥90,505,247 ¥1,380,280 1.52% Loans and bills discounted ......................... 56,235,047 957,181 1.70 59,084,981 1,062,893 1.79 Securities .................................................... 32,836,430 240,380 0.73 26,081,394 229,411 0.87 Call loans .................................................... 390,771 3,708 0.94 360,432 3,231 0.89 Receivables under resale agreements ........ 47,258 757 1.60 45,678 193 0.42 Receivables under securities borrowing transactions ............................. 481,243 2,263 0.47 1,397,842 4,061 0.29 Bills bought ................................................. 26,437 1,223 4.62 36,110 1,266 3.50 Deposits with banks ................................... 2,282,569 13,725 0.60 2,326,324 13,863 0.59 Interest-bearing liabilities ............................... ¥92,246,987 ¥ 291,578 0.31% ¥91,005,657 ¥ 333,898 0.36% Deposits...................................................... 69,462,967 78,517 0.11 68,439,416 111,844 0.16 Negotiable certificates of deposit ............... 9,358,519 31,897 0.34 9,122,327 34,354 0.37 Call money .................................................. 1,453,201 2,499 0.17 2,143,773 3,903 0.18 Payables under repurchase agreements .... 628,636 1,814 0.28 736,627 982 0.13 Payables under securities lending transactions ................................. 3,506,308 7,247 0.20 2,619,166 6,103 0.23 Borrowed money ........................................ 3,640,341 86,105 2.36 4,049,972 103,829 2.56 Short-term bonds ....................................... 59,861 66 0.11 165,447 303 0.18 Bonds ......................................................... 3,381,798 62,981 1.86 3,312,293 64,294 1.94 Total of Domestic and International Operations Notes: 1. “Interest-earning assets” are shown after deduction of the average balance of noninterest-earning deposits (2011, ¥1,070,110 million; 2010, ¥1,013,420  million). 2. Income and expenses resulting from money held in trust are included in “Other income” and “Other expenses.” Therefore, “Interest-earning assets” are  shown after deduction of the average balance of money held in trust (2011, ¥10,640 million; 2010, ¥10,191 million). “Interest-bearing liabilities” are shown  after deduction of amounts equivalent to the average balance of money held in trust (2011, ¥10,640 million; 2010, ¥10,191 million) and corresponding  interest (2011, ¥16 million; 2010, ¥20 million). 3. Figures in the table above indicate the net average balances of amounts adjusted for interdepartmental lending and borrowing activities between domestic  and international operations and related interest expenses. 161 SMFG  2011