SMFG Notes to Consolidated Financial Statements Notes: 1. SMFG applies deferred hedge accounting stipulated in “Treatment for Accounting and Auditing of Application of Accounting Standard for Financial Instruments in  Banking Industry” (JICPA Industry Audit Committee Report No. 24). 2. Fair value of transactions listed on exchange is calculated using the closing prices on the Tokyo Financial Exchange and others.  Fair value of OTC transactions is calculated using discounted present value and option pricing models. 3. Interest rate swap amounts measured by the special treatment for interest rate swaps are treated with the borrowed money or other transaction that is subject to the  hedge. Therefore such fair value is included in the fair value of the relevant transaction subject to the hedge in “30. Financial Instruments.” Millions of U.S. dollars March 31 2011 Hedge accounting method Principal items hedged Contract amount Type of derivative Total Over 1 year Fair value Deferral hedge method Interest rate futures: Interest-earning/bearing  financial assets/liabilities  such as loans and bills  discounted, other securi- ties (bonds), deposits and  negotiable certificates of  deposit Sold ................................................................. $ 13,000 $ 13,000 $ (5) Bought ............................................................ 118,596 — (3) Interest rate swaps: .............................................. 440,620 372,452 244  Receivable fixed rate/payable floating rate ....... 290,687 230,580 3,780  Receivable floating rate/payable fixed rate ....... 149,573 141,518 (3,543) Receivable floating rate/payable floating rate ... 360 354 7  Interest rate swaptions: Sold ................................................................. 5,544 5,543 13  Bought ............................................................ — — — Caps: Sold ................................................................. 31 31 5  Bought ............................................................ 31 31 (5) Floors: Sold ................................................................. — — — Bought ............................................................ 94 94 0  Recognition of gain or loss  on the hedging instrument Interest rate swaps: .............................................. Loans and bills discounted 46 28 (1) Receivable floating rate/payable fixed rate ....... 46 28 (1) Special treatment for  interest rate swaps Interest rate swaps: .............................................. Loans and bills discounted;  borrowed money; bonds 2,291 1,951 (Note 3) Receivable fixed rate/payable floating rate ....... 162 48 Receivable floating rate/payable fixed rate ....... 1,838 1,638 Receivable floating rate/payable floating rate ... 291 265 Total .................................................................... / / $ 248 Millions of yen March 31 2010 Hedge accounting method Principal items hedged Contract amount Type of derivative Total Over 1 year Fair value Deferral hedge method Interest rate futures: Interest-earning/bearing  financial assets/liabilities  such as loans and bills  discounted, other securi- ties (bonds), deposits and  negotiable certificates of  deposit Sold  ................................................................. ¥ 687,343 ¥ 372,196 ¥ (126) Bought ............................................................ 15,799,182 — 1,862 Interest rate swaps: .............................................. 33,670,699 27,749,612 23,415 Receivable fixed rate/payable floating rate ....... 22,949,812 18,482,089 321,049 Receivable floating rate/payable fixed rate ....... 10,661,052 9,237,689 (298,913) Receivable floating rate/payable floating rate ... 59,833 29,833 1,278 Interest rate swaptions: Sold ................................................................. 470,930 460,558 (605) Bought ............................................................ 751 — (1) Caps: Sold ................................................................. — — — Bought ............................................................ 600 — 0 Floors: Sold ................................................................. 171 — (0) Bought ............................................................ 7,850 7,850 0 Recognition of gain or loss  on the hedging instrument Interest rate swaps: .............................................. Loans and bills discounted;  other securities (bonds) 72,655 69,368 (4,662) Receivable floating rate/payable fixed rate ....... 72,655 69,368 (4,662) Special treatment for  interest rate swaps Interest rate swaps: .............................................. Loans and bills discounted;  borrowed money; bonds 9,135,218 9,105,823 (Note 3) Receivable fixed rate/payable floating rate ....... 25,500 14,500 Receivable floating rate/payable fixed rate ....... 9,077,718 9,063,623 Receivable floating rate/payable floating rate ... 32,000 27,700 Total .................................................................... / / ¥ 19,880 SMFG  2011 119