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36 Brother Annual Report 2008
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Brother Industries, Ltd. and Consolidated Subsidiaries
For the Years ended March 31, 2008 and 2007
The Group had the following derivative contracts outstanding at March 31, 2008 and 2007:
March 31, 2008
Millions of Yen
Contract or Notional Unrealized
Amount Fair Value Gain (Loss)
Forward exchange contracts:
Selling:
U.S. Dollars ¥ 3,366 ¥ 3,232 ¥ 134
EURO 74,889 73,950 939
Pound Sterling 2,971 2,552 419
YEN 8,208 8,329 (121)
Mexican Peso 226 229 (3)
Buying:
U.S. Dollars ¥ 4,662 ¥ 5,041 ¥ 379
EURO 1,849 1,873 24
Pound Sterling 4,210 4,206 (4)
YEN 1,481 1,585 104
Australian Dollars 99(0)
Currency option contracts
Selling:
Call
Euro ¥ 1,566 ¥ 45 ¥ (31)
(Option fee) (14)
Buying:
Call
Euro ¥ 1,044 ¥ 5 ¥ (8)
(Option fee) (14)
Interest rate swaps: ¥ 17,323 ¥ (356) ¥ (356)
(fixed rate payment, floating rate receipt)
March 31, 2007
Millions of Yen
Contract or Notional Unrealized
Amount Fair Value Gain (Loss)
Forward exchange contracts:
Selling:
U.S. Dollars ¥ 3,634 ¥ 3,658 ¥ (24)
EURO 74,401 77,850 (3,449)
Pound Sterling 4,038 4,205 (167)
Mexican Peso 202 203 (1)
Buying:
U.S. Dollars ¥ 7,652 ¥ 7,670 ¥ 18
EURO 6,699 6,699 0
Pound Sterling 6,722 6,713 (9)
YEN 1,912 1,884 (28)
Currency option contracts
Selling:
Call
Euro ¥ 1,133 ¥ 1 ¥ 5
(Option fee) (6)
Buying:
Call
Euro ¥ 724 ¥ 14 ¥ 8
(Option fee) (6)
Interest rate swaps: ¥ 7,443 ¥ 92 ¥ 92
(fixed rate payment, floating rate receipt)