Assets, Liabilities and Net Assets SMFG  2011 24$^{Deposits (excluding negotiable certificates of deposit) at }$ Notes: 1. The figures above include unrealized gains (losses) on negotiable certificates of deposit in “Cash and due from banks” and “Deposits with banks” and  beneficiary claims on loan trusts in “Monetary claims bought,” etc. 2. Unrealized gains (losses) on stocks (including foreign stocks) are mainly calculated using the average market price during the final month of the respective  reporting period. The rest of the securities are valuated at the market price as of the balance sheet date. 3. “Other securities” and “Other money held in trust” are valuated and recorded on the consolidated balance sheet at market prices. The figures in the table  above indicate the differences between the acquisition costs (or amortized costs) and the balance sheet amounts. Net unrealized gains (losses) on other securities, as of March 31, 2011 and 2010, included gains of ¥1,153 million and ¥105 million, respectively, which  were recognized in the statements of income by applying fair value hedge accounting. As a result, the amounts recorded in net assets, as of March 31,  2011 and 2010, were reduced by ¥1,153 million and ¥105 million, respectively. 4. Floating-rate Japanese government bonds which SMFG held as “Other securities” are carried on the consolidated balance sheet at their reasonably  estimated amounts in accordance with the “Practical Solution on Measurement of Fair Value for Financial Assets” (Accounting Standards Board of Japan  (“ASBJ”) Practical Issues Task Force No. 25). Unrealized Gains (Losses) on Securities 2. Unrealized Gains (Losses) on Securities Net unrealized gains on securities as of March 31, 2011  amounted to ¥430.7 billion, a decrease of ¥214.2 billion  from the previous fiscal year-end, reflecting a decrease in  the value of equities and other factors. Of this total, net  unrealized gains on other securities, including “other money  held in trust,” which are directly debited to net assets,  amounted to ¥370.9 billion, a decrease of ¥215.5 billion  from the previous fiscal year-end. the end of the fiscal year under review rose by ¥3,350.3 bil- lion in comparison with March 31, 2010 to ¥81,998.9 billion,  and negotiable certificates of deposit increased by ¥1,370.7  billion to ¥8,366.3 billion. Meanwhile, loans and bills discounted decreased by  ¥1,352.6 billion year on year to ¥61,348.3 billion, and the  balance of securities increased by ¥11,328.1 billion to  ¥39,952.1 billion.  Net assets amounted to ¥7,132.0 billion, and, of this total,  stockholders’ equity was ¥4,921.4 billion, due mainly to  recording of net income. Millions of yen March 31 2011  (A) 2010 (B) Increase (decrease) (A) – (B) Assets ............................................................................................................................ ¥137,803,098 ¥123,159,513 ¥14,643,585 Securities ................................................................................................................... 39,952,123 28,623,968 11,328,155 Loans and bills discounted ........................................................................................ 61,348,355 62,701,033 (1,352,678) Liabilities ........................................................................................................................ 130,671,024 116,158,708 14,512,316 Deposits..................................................................................................................... 81,998,940 78,648,595 3,350,345 Negotiable certificates of deposit .............................................................................. 8,366,323 6,995,619 1,370,704 Net assets ..................................................................................................................... 7,132,073 7,000,805 131,268 Millions of yen 2011 2010 March 31 Net unrealized gains (losses) (A) (A) – (B) Unrealized gains Unrealized losses Net unrealized gains (losses) (B) Unrealized gains Unrealized losses Held-to-maturity securities ................. ¥ 59,857 ¥ 1,247 ¥ 61,389 ¥ 1,531 ¥ 58,610 ¥ 59,344 ¥ 734 Other securities .................................. 370,899 (215,515) 720,864 349,965 586,414 799,355 212,941 Stocks ............................................. 311,956 (99,028) 487,773 175,817 410,984 543,745 132,761 Bonds ............................................. 76,770 (46,888) 108,640 31,870 123,658 131,821 8,163 Others ............................................. (17,827) (69,598) 124,449 142,277 51,771 123,788 72,017 Other money held in trust ................... 42 (20) 42 — 62 157 95 Total .................................................... 430,799 (214,288) 782,295 351,496 645,087 858,858 213,770 Stocks ............................................. 311,956 (99,028) 487,773 175,817 410,984 543,745 132,761 Bonds ............................................. 136,639 (45,730) 170,021 33,382 182,369 191,162 8,793 Others ............................................. (17,796) (69,529) 124,500 142,297 51,733 123,950 72,216