Acer 2007 Annual Report Download - page 86

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83
(b) Cash flow hedging
As of December 31, 2006 and 2007, details of hedged item designated as cash flow
hedge and their respective hedging derivative financial instruments as follows:
December 31, 2006
Hedged item Hedging instruments
Notional
Amount
Fair value of
hedging
instruments
Expected
period of
cash flow
Expected
period of
recognition
in earnings
(in thousands)
Foreign currency
forward contracts:
-financial assets
Buy Sell
USD / EUR EUR 205,225 NT$ 52,868 2007/03~05 2007/03~05
Accounts receivable/
payable denominated
in foreign currencies
-financial liabilities
Buy Sell
USD / NZD USD 800 NT$ (1,434) 2007/02 2007/02
USD / EUR EUR 131,069 (64,204) 2007/03~05 2007/03~05
NT$ (65,638)
Foreign currency
options:
(1) Long Options:
Buy Sell
EUR / GBP EUR 3,000 NT$ 949 2007/02 2007/02
(2) Short Options:
Buy Sell
GBP / EUR EUR 3,000 NT$ (469)2007/02 2007/02
December 31, 2007
Hedge item
Hedging
instruments
Notional
amount
Fair value of
hedging
instruments
Expected
period of
cash flow
Expected
period of
recognition
in earnings
(in thousands)
Foreign currency
forward contracts:
-financial assets
Buy Sell
Accounts receivable /
payable denominated
in foreign currencies
EUR / GBP EUR 24,167 NT$ 16,582 2008/01~04 2008/01~04
USD / EUR EUR 30,000 9,288 2008/03 2008/03
USD / AUD USD 6,606 8,241 2008/02 2008/02
USD / NZD USD 1,940 331 2008/03 2008/03
AUD / NZD AUD 1,148 596 2008/02 2008/02
USD / CAD USD 4,094 2,762 2008/02 2008/02
NT$ 37,800
-financial liabilities
Buy Sell
USD / EUR EUR 22,712 NT$ (9,426) 2008/01~02 2008/01~02
USD / AUD USD 3,975 (12,440) 2008/02 2008/02
USD / NZD USD 570 (98) 2008/02 2008/02
NT$ (21,964)