Casio 2015 Annual Report Download - page 28

Financial Section
Management
Foundation Corporate Data
Annual Report 2015 CONTENTS / 4227
Prole To Our Stakeholders Casio's Strength Special Features Financial Highlights
Notes to Consolidated Financial Statements
Thousands of U.S. Dollars (Note 1)
For 2015 Book value Fair value Difference
Assets
[1] Cash and deposits ............................................................. $ 690,050 $ 690,050 $ —
[2] Notes and accounts receivable-trade .................................. 382,242 382,242 —
[3] Securities and investment securities
a. Held-to-maturity debt securities ..................................... 75,000 75,000 —
b. Available-for-sale securities ............................................ 522,941 522,941 —
Total assets .................................................................. $1,670,233 $1,670,233 $ —
Liabilities
[1] Notes and accounts payable-trade ..................................... $ 292,792 $ 292,792 $ —
[2] Accounts payable-other ..................................................... 198,692 198,692 —
[3] Bonds with subscription rights to shares ............................. 83,692 99,783 16,091
[4] Long-term loans payable .................................................... 558,333 559,983 1,650
Total liabilities ................................................................ $1,133,509 $1,151,250 $17,741
Derivative transactions* .......................................................... $ 1,267 $ 1,267 $ —
Millions of Yen
For 2014 Book value Fair value Difference
Assets
[1] Cash and deposits ............................................................. ¥ 90,759 ¥ 90,759 ¥ —
[2] Notes and accounts receivable-trade .................................. 50,633 50,633 —
[3] Securities and investment securities
a. Held-to-maturity debt securities ..................................... 10,000 10,000 —
b. Available-for-sale securities ............................................ 43,601 43,601 —
Total assets .................................................................. ¥194,993 ¥194,993 ¥ —
Liabilities
[1] Notes and accounts payable-trade ..................................... ¥ 39,407 ¥ 39,407 ¥ —
[2] Accounts payable-other ..................................................... 19,727 19,727 —
[3] Bonds with subscription rights to shares ............................. 250 249 (1)
[4] Long-term loans payable .................................................... 58,749 59,146 397
Total liabilities ................................................................ ¥118,133 ¥118,529 ¥396
Derivative transactions* .......................................................... ¥ 282 ¥ 282 ¥ —
* Net receivables and payables, which are derived from derivative transactions, are presented in net amounts.
(Note) 1: Method for calculating the fair value of financial instruments and matters related to securities
and 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 commercial
paper are short-term, and the fair value approximates the book value, the book value is used as fair value.
See Note 6 “Securities and Investment Securities” for information on securities categorized by holding
purposes.
Liabilities
[1] Notes and accounts payable-trade, [2] 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.
[3] Bonds with subscription rights to shares
The fair value of bonds with subscription rights to shares is the price quoted by the correspondent financial
institution, or the present value calculated by discounting the principal using a rate that reflects period to
maturity and credit risk.
[4] Long-term loans payable
The fair value of long-term loans payable with fixed interest rates is the sum of the principal and total interest
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 swaps 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.”