Canon 2003 Annual Report Download - page 59

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57
Less than 12 months 12 months or longer
Gross Gross
Unrealized Unrealized
Holding Holding
(Thousands of U.S. dollars) Fair Value Losses Fair Value Losses
2003: Current:
Available-for-sale:
Japanese and foreign governmental bond securities $ 570 37 — —
$570 37 — —
Noncurrent:
Available-for-sale:
Japanese and foreign governmental bond securities $ 2,224 47 — —
Equity securities 4,935 289 7,065 1,617
$
7,159 336 7,065 1,617
Net unrealized gains on available-for-sale securities, net of
related taxes and minority interests, increased by ¥7,952 million
($74,318 thousand) in the year ended December 31, 2003, and
decreased by ¥1,732 million and ¥13,603 million in the years
Thousands of
Millions of yen U.S. dollars
Cost Fair Value Cost Fair Value
Due within one year ¥ 194 202 $ 1,813 1,888
Due after one year through five years 1,480 1,932 13,832 18,056
Due after five years 5,951 6,002 55,617 56,093
¥7,625 8,136 $ 71,262 76,037
Proceeds from sale of available-for-sale securities were ¥6,544
million ($61,159 thousand), ¥1,099 million and ¥9,473 million in
the years ended December 31, 2003, 2002 and 2001,
respectively.
In June 2001, Canon contributed certain marketable equity
securities, not including those of its subsidiaries and affiliated
companies, to an established employee retirement benefit trust,
with no cash proceeds thereon. The fair value of those securities at
the time of contribution was ¥38,954 million. Upon contribution of
those available-for-sale securities, the net unrealized gains
amounting to ¥15,536 million were realized and were included in
other income (deductions) in the consolidated statements of
income.
Realized gains and losses during the years ended December
31, 2003 and 2002 were insignificant.
At December 31, 2003, investments include investment in
affiliated companies and non-marketable securities amounting to
¥24,806 million ($231,832 thousand) and ¥24,317 million
($227,261 thousand), respectively. At December 31, 2002,
investments include investment in affiliated companies and non-
marketable securities amounting to ¥30,007 million and ¥19,360
million, respectively.
ended December 31, 2002 and 2001, respectively.
Maturities of debt securities and fund trust classified as
available-for-sale were as follows at December 31, 2003: