Brother International 2013 Annual Report Download - page 50

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49
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 long-term bank loans are determined by discounting the total balance of principal and interest at a rate which reflects the remaining term of the loan
and the Group’s credit risk.
Carrying amounts of lease obligations approximate fair value, because neither the risk free rate nor the Group’s credit profile 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.
Derivatives
The information of the fair value for derivatives is included in Note 18.
(b) Carrying amount of financial instruments whose fair value cannot be reliably determined
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Equity securities that do not have a quoted market price in an active market ¥ 922 ¥ 730 $ 9,809
Investments in limited liability partnerships that do not have a quoted market
price in an active market 313 139 3,329
Investments in and advances to unconsolidated subsidiaries and associated companies 17,767 20,148 189,011
Total ¥ 19,002 ¥ 21,017 $ 202,149
(5) Maturity analysis for financial assets and securities with contractual maturities
Millions of Yen
March 31, 2013 Due in One Year
or Less
Due after One Year
through Five Years
Due after Five Years
through 10 Years Due after 10 Years
Cash and cash equivalents ¥ 55,060 — — —
Marketable securities 5,318 — — —
Receivables 78,864 — — —
Investment securities:
Held-to-maturity securities — ¥ 5,114 ¥ 3,589 ¥ 1,215
Total ¥ 139,242 ¥ 5,114 ¥ 3,589 ¥ 1,215
Notes to Consolidated Financial Statements
Brother Industries, Ltd. and Consolidated Subsidiaries
Year ended March 31, 2013