Canon 2015 Annual Report Download - page 79

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CANON ANNUAL REPORT 2015 77
STRATEGY BUSINESS SEGMENT CORPORATE STRUCTURE FINANCIAL SECTION CORPORATE DATA
Future minimum lease payments required under noncancelable operating leases that have initial or remaining lease terms in
excess of one year at December 31, 2015 are as follows:
Effect of derivative instruments in the consolidated statements of income
The following tables present the effect of Canon’s derivative instruments in the consolidated statements of income for the years
ended December 31, 2015, 2014 and 2013.
Derivatives in cash flow hedging relationships
Years ended December 31
Gain (loss) recognized
in OCI (effective portion)
Gain (loss) reclassified from
accumulated OCI into income
(effective portion)
Gain (loss) recognized in income
(ineffective portion and amount excluded
from effectiveness testing)
Millions of yen Amount Location Amount Location Amount
2015: Foreign exchange
contracts ¥ 52 Other, net ¥ (4,217) Other, net ¥ (131)
2014: Foreign exchange
contracts (3,309) Other, net (3,260) Other, net (145)
2013: Foreign exchange
contracts (12,145) Other, net (15,387) Other, net (111)
18. COMMITMENTS AND CONTINGENT LIABILITIES
Commitments
At December 31, 2015, commitments outstanding for the pur-
chase of property, plant and equipment approximated ¥43,059
million, and commitments outstanding for the purchase of parts
and raw materials approximated ¥75,439 million.
Canon occupies sales offices and other facilities under lease
arrangements accounted for as operating leases. Deposits
made under such arrangements aggregated ¥13,561 million
and ¥13,847 million at December 31, 2015 and 2014, respec-
tively, and are included in noncurrent receivables in the accom-
panying consolidated balance sheets. Rental expenses under
such operating lease arrangements amounted to ¥46,483 mil-
lion, ¥43,215 million and ¥44,562 million for the years ended
December 31, 2015, 2014 and 2013, respectively.
Derivatives not designated as hedging instruments
Years ended December 31 Gain (loss) recognized in income on derivative
Millions of yen
Location 2015 2014 2013
Foreign exchange contracts Other, net
¥1,099
¥(21,728) ¥(61,787)
Year ending December 31: Millions of yen
2016 ¥ 26,294
2017 20,328
2018 13,855
2019 8,847
2020 6,115
Thereafter 12,153
Total future minimum lease payments ¥ 87,592