Acer 2009 Annual Report Download - page 44

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(c) Cross currency swaps
December 31, 2008
Contract amount
(in thousands)
Maturity
Date Interest Interest due date
Swap-in SGD35,000/ 2009/01/23 Pay xed rate in USD of 0.66% Principal and interest are
Swap-out USD 24,221 Receive xed rate in SGD of 1.00% paid in full when due
(d) Foreign currency options
(i) Long position
December 31, 2009
Contract amount Maturity date
(in thousands)
USD Call/EUR Put USD 22,500 2010/01/27~2010/02/12
USD Call/RUB Put USD 5,000 2010/02/24
(ii) Short position
December 31, 2009
Contract amount Maturity date
(in thousands)
EUR Call/USD Put USD 22,500 2010/01/27~2010/02/12
RUB Call/USD Put USD 7,500 2010/02/24
(6) Hedging purpose derivative nancial assets and liabilities
December 31, 2008 December 31, 2009
NT$ NT$ US$
Hedging purpose derivative nancial assets – current:
Foreign currency forward contracts 962,268 1,275,157 39,811
Foreign currency options 60,514 - -
1,022,782 1,275,157 39,811
Hedging purpose derivative nancial liabilities – current
Foreign currency forward contracts (848,726) (196,714) (6,142)
Foreign exchange swaps (14) -
Foreign currency options (23,298) - -
(872,038) (196,714) (6,142)
The Consolidated Companies entered into derivative contracts to hedge foreign currency exchange risk associated
with a recognized asset or liability or with a highly probable forecast transaction.
As of December 31, 2008 and 2009, hedged items designated as fair value hedges and fair value of their
respective hedging derivative nancial instruments were as follows:
Fair value of hedging instruments
Hedged Items Hedging instruments December 31, 2008 December 31, 2009
NT$ NT$
Accounts receivable/ payable
denominated in foreign
Foreign currency forward
contracts
386,420 1,066,045
currencies Foreign exchange swaps (14) -
Foreign currency options 37,903 -
424,309 1,066,045
For the years ended December 31, 2008 and 2009, the unrealized gains (losses) resulting from the changes in fair
value of hedging instruments amounted to NT$271,733 and NT$641,736, respectively.
As of December 31, 2008 and 2009, hedged items designated as cash flow hedges and fair value of their
respective hedging derivative nancial instruments were as follows:
December 31, 2008
Hedged items Hedging instruments
Fair value
of hedging
instruments
Expected period
of cash ow
Expected period
of recognition in
earnings
NT$
Accounts receivable/ payable
denominated in foreign
Foreign currency forward
contracts (272,878) Jan .~ May 2009 Jan .~ May 2009
currencies Foreign currency options (687) Feb. 2009 Feb. 2009
(273,565)
December 31, 2009
Hedged items Hedging instruments
Fair value
of hedging
instruments
Expected period
of cash ow
Expected period
of recognition in
earnings
NT$
Accounts receivable/payable
denominated in foreign
Foreign currency forward
contracts 12,398 Jan .~ May 2010 Jan .~ May 2010
currencies
Acer Incorporated 2009 Annual Report
82.
Acer Incorporated 2009 Annual Report
83. Financial Standing