Casio 2013 Annual Report Download - page 28

Thousands of U.S. Dollars
For 2013 Book value Fair value Difference
Assets
[1] Cash and deposits $ 596,053 $ 596,053 $ —
[2] Notes and accounts receivable—trade 537,128 537,128 —
[3] Securities and investment securities
a. Held-to-maturity debt securities 35,085 35,191 106
b. Available-for-sale securities 865,404 865,404 —
Total assets $2,033,670 $2,033,776 $ 106
Liabilities
[1] Notes and accounts payable—trade $ 379,883 $ 379,883 $ —
[2] Short-term loans payable 46,809 46,809 —
[3] Accounts payable—other 199,755 199,755 —
[4] Bonds payable 332,745 337,022 4,277
[5] Long-term loans payable 828,723 833,872 5,149
Total liabilities $1,787,915 $1,797,341 $9,426
Derivative transactions * $ (2,362) $ (2,362) $ —
Millions of Yen
For 2012 Book value Fair value Difference
Assets
[1] Cash and deposits ¥ 53,128 ¥ 53,128 ¥ —
[2] Notes and accounts receivable—trade 57,923 57,923 —
[3] Securities and investment securities
a. Held-to-maturity debt securities 14,000 14,000 —
b. Available-for-sale securities 66,263 66,263 —
Total assets ¥191,314 ¥191,314 ¥ —
Liabilities
[1] Notes and accounts payable—trade ¥ 49,682 ¥49,682 ¥ —
[2] Short-term loans payable 3,817 3,817 —
[3] Accounts payable—other 17,764 17,764 —
[4] Bonds payable 30,710 31,135 425
[5] Long-term loans payable 77,457 77,881 424
Total liabilities ¥179,430 ¥180,279 ¥849
Derivative transactions * ¥ (210) ¥ (210) ¥ —
* Net receivables and payables, which are derived from derivative transactions, are presented in net amounts, and any item for which the total
becomes a net liability is indicated in parentheses.
Note 1: Method for calculating the fair value of financial instruments and matters related to
investment securities and derivative transactions
Assets
[1] Cash and deposits, [2] Notes and accounts receivable—trade
Since these items are short-term and the fair value approximates the book value, the book value is used as
fair value.
[3] Securities and investment securities
The fair value of equity securities is the market price, while the fair value of debt securities is the market
price or the price quoted by the correspondent financial institution. Since certificates of deposit and com-
mercial paper are short-term, and the fair value approximates the book value, the book value is used as fair
value.
See Note 6 “Securities” for information on securities categorized by holding purposes.
Liabilities
[1] Notes and accounts payable—trade, [2] Short-term loans payable, [3] Accounts payable—other
Since these items are short-term and the fair value approximates the book value, the book value is used as
fair value.
[4] Bonds payable
The fair value of bonds payable is calculated by using the discounted cash flow, based on the sum of the
principal and total interest over the remaining period and credit risk.
[5] Long-term loans payable
The fair value of long-term loans payable with fixed interest rates is the sum of the principal and total inter-
est discounted by the rate that is applied if a new loan is made. Since long-term loans payable with floating
interest rates reflect market interest rates over the short term, and the fair value approximates the book
value, the book value is used as fair value. However, those that are subject to special treatment interest rate
swaps are measured by taking the sum of the principal and total interest associated with the interest rate
swap and discounting it by the rate that is reasonably estimated and applied if a new loan is made (see
Note 7 “Derivative Transactions”).
Derivative transactions
See Note 7 “Derivative Transactions.”
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance Corporate Data
PAGE 27
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