Casio 2001 Annual Report Download - page 27

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(b) Available-for-sale securities
Thousands of
Millions of yen U.S. dollars
Book value Book value
Unlisted equity stocks (excluding over-the-counter stocks) ¥ 2,162 $ 17,436
Beneficiary certificate of investment trust 19,615 158,185
Bond investment trust 2,220 17,903
Money management fund 3,612 29,129
Free financial fund 1,006 8,113
Total ¥28,615 $230,766
(3) Total sales of available-for-sale securities sold in the year ended March 31, 2001 amounted to ¥1,016 million
($8,194 thousand) and the related gains and losses amounted to ¥86 million ($694 thousand) and ¥31 million
($250 thousand), respectively.
(4) Available-for-sale securities with maturities and held-to-maturity debt securities were as follows:
Millions of yen Thousands of U.S. dollars
Within Within Within Over Within Within Within Over
one year five years ten years ten years Total one year five years ten years ten years Total
Bonds ¥ — ¥ — ¥ — ¥ — ¥ — $ — $ — $ — $ — $ —
Government bonds ——————————
Corporate bonds — 5 — — 5 — 40 — — 40
Others 2,530 1,000 — — 3,530 20,403 8,065 — — 28,468
Total ¥2,530 ¥1,005 ¥ — ¥ — ¥3,535 $20,403 $8,105 $ — $ — $28,508
6. DERIVATIVE TRANSACTIONS
Status of derivative transactions—The Group utilizes in-
terest rate swap and swaption contracts as derivative
transactions, in order to hedge interest rate risks arising
from normal business transactions and to improve efficiency
of utilization of available funds.
The Group also utilizes forward foreign currency con-
tracts and currency options, in order to hedge currency
fluctuation risks arising from export of products and materi-
als for products, in addition to hedging through increases in
overseas production and overseas procurement of materials.
The derivative transactions are solely made with highly
rated financial institutions, therefore, the Group does not
expect any credit risks.
The Group utilizes derivatives following the internal regu-
lation for derivatives, which stipulates policy, objective, scope,
organization, procedures, and financial institutions to deal
with, and has a reporting system for derivative transactions
reflecting proper internal control functions.
Fair value of derivative transactions—The aggregate
amounts contracted to be paid or received and the fair value
of derivative transactions in Japanese yen of the Group at
March 31, 2001 and 2000 were as follows:
Currency related derivatives:
Millions of yen Thousands of U.S. dollars
2001 2000 2001
Contract amount Contract amount Contract amout
Due after Fair Realized Due after Fair Unrealized Due after Fair Realized
Total one year value gain (loss) Total one year value gain (loss) Total one year value gain (loss)
Forward contracts:
To sell:
U.S. dollars
¥50,886 ¥ — ¥54,222 ¥(3,336) ¥ — ¥ — ¥ — ¥ — $410,371 $ — $437,274 $(26,903)
Euro 4,535 — 5,103 (568) 134 — 126 8 36,572 — 41,153 (4,581)
Sterling pounds ————15 — 15 0 —— — —
Total ¥55,421 ¥ — ¥59,325 ¥(3,904) ¥149 ¥ — ¥141 ¥ 8 $446,943 $ — $478,427 $(31,484)