Casio 2013 Annual Report Download - page 33

(2) Interest rate-related derivatives
Millions of Yen
2013
Contract amount
Hedge accounting method Type Main hedged item Total
Due after
one year Fair value
Interest rate swaps
that are subject to
special treatment
Interest rate swaps:
Receive float/
Pay fix
Long-term loans
payable ¥22,900 ¥12,900 **
Total ¥22,900 ¥12,900 ¥—
Thousands of U.S. Dollars
2013
Contract amount
Hedge accounting method Type Main hedged item Total
Due after
one year Fair value
Interest rate swaps
that are subject to
special treatment
Interest rate swaps:
Receive float/
Pay fix
Long-term loans
payable $243,617 $137,234 **
Total $243,617 $137,234 $—
Millions of Yen
2012
Contract amount
Hedge accounting method Type Main hedged item Total
Due after
one year Fair value
Forward contracts
that are subject to
appropriated treatment
Interest rate swaps:
Receive float/
Pay fix
Long-term loans
payable ¥22,457 ¥22,457 **
Total ¥22,457 ¥22,457 ¥—
* Fair values of derivative transactions are determined by prices principally reported by the financial institutions with which the Group engages
in derivative transactions.
** Since interest rate swaps that are subject to special treatment are accounted for with long-term loans payable, which are hedged items, their
fair value is included in the fair value of the said long-term loans payable.
8. Short-term Loans Payable, Bonds and Long-term Loans Payable
and Lease Obligations
Short-term loans payable represent bank loans and their average interest rates were 1.2% and 1.5% per
annum at March 31, 2013 and 2012, respectively.
Bonds and long-term loans payable at March 31, 2013 and 2012:
Millions of Yen
Thousands of
U.S. Dollars
2013 2012 2013
Euro-yen convertible bonds with stock subscription rights due
in 2015* ¥ 250 ¥ 250 $ 2,660
1.32% unsecured bonds due in 2014 10,000 10,000 106,383
1.07% unsecured bonds due in 2015 15,000 15,000 159,574
1.785% unsecured Eurobonds due in 2015 6,278 5,710 66,787
Loans principally from banks at average interest rates of 0.5%
due within one year** 25,000 —265,957
Loans principally from banks at average interest rates of 0.6%
due over one year** 52,900 77,457 562,766
Total 109,428 108,417 1,164,127
Less amount due within one year 35,000 —372,340
¥74,428 ¥108,417 $791,787
* Details of issuances of stock subscription rights attached to bonds (“warrants”):
Type of stocks involved: common stock
Price of warrant: gratis
Stock issue price: ¥1,952
Total issue amount: ¥50,000 million
Total value of new stocks issued upon exercise of warrants: —
Warrant-linked: 100%
Period of exercise of warrants: July 3, 2008 to March 17, 2015
Upon request to exercise warrants in question, payments usually required for the issuance of the corresponding number of stocks shall
be exempted as the issuer of bonds in question, in return, will be automatically exempted from obligation of redemption of the bonds in
lump-sum.
Exercise of warrants in question shall be regarded as an eligible request for exercise of stock subscription rights.
** An average interest rate is the weighted average rate on the year-end balance of loans payable.
The annual maturities of bonds and long-term loans payable at March 31, 2013:
Year ending March 31 Millions of Yen
Thousands of
U.S. Dollars
2014 ¥35,000 $372,340
2015 54,428 579,021
2016 15,000 159,574
2017 — —
2018 — —
Thereafter 5,000 53,192
Profile / Contents CASIO’s StrengthHistory To Our Stakeholders At a Glance Special Feature CSRCorporate Governance Corporate Data
PAGE 32
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