Brother International 2012 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2012 Brother International annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 61

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61

48
Thousands of U.S. Dollars
March 31, 2012
Carrying
Amount Fair Value
Unrealized
Gain/(Loss)
Cash and cash equivalents $ 716,244 $ 716,244 —
Marketable securities 5,793 5,805 $ 12
Receivables 782,756 782,756 —
Investment securities 140,744 140,756 12
Total $ 1,645,537 $ 1,645,561 $ 24
Short-term borrowings $ 54,476 $ 54,476 —
Current portion of long-term debt 199,549 200,427 $ (878)
Payables 602,366 602,366 —
Income taxes payable 31,610 31,610 —
Long-term debt 28,183 28,232 (49)
Total $ 916,184 $ 917,111 $ (927)
Cash and cash equivalents
The carrying values of cash and cash equivalents approximate fair value because of their short maturities.
Marketable and investment securities
The fair values of marketable and investment securities are measured at the quoted market price of the stock exchange for the equity instruments, and at the quoted price
obtained from the financial institution for certain debt instruments.
The carrying values of investment trusts approximate fair value because of their short maturities.
The information of the fair value for the marketable and investment securities by classification is included in Note 3.
Receivables and payables
The carrying values of receivables and payables approximate fair value because of their short maturities.
Short-term borrowings and long- term debt
The carrying values of short-term borrowings approximate fair value because of their short maturities.
The fair values of Company’s bonds are measured at the quoted market price of the bond market.
The fair values of long-term bank loans are determined by discounting the total balance of principal and interest at the rate which is considered by the remaining term
and the Group’s credit risk.
Carrying amounts of lease obligations approximate fair value, because neither the risk free rate nor the Group’s credibility has changed significantly since the date of
lease inception.
Income taxes payable
The carrying values of income taxes payable approximate fair value because of their short maturities.
Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2012