Casio 2015 Annual Report Download - page 33

Financial Section
Management
Foundation Corporate Data
Annual Report 2015 CONTENTS / 4232
Prole To Our Stakeholders Casio's Strength Special Features Financial Highlights
Notes to Consolidated Financial Statements
(2) Interest rate-related derivatives
Millions of Yen
2015
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 ................. ¥3,500 ¥3,500 (Note) 2
Total............................................................................................... ¥3,500 ¥3,500 ¥—
Thousands of U.S. Dollars (Note 1)
2015
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 ................. $29,167 $29,167 (Note) 2
Total............................................................................................... $29,167 $29,167 $—
Millions of Yen
2014
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 ................. ¥14,750 ¥1,000 (Note) 2
Total............................................................................................... ¥14,750 ¥1,000 ¥—
(Notes): 1. Fair values of derivative transactions are determined by prices principally reported by the financial institutions with which the Group engages
in derivative transactions.
2. 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 0.2% and 1.0% per
annum at March 31, 2015 and 2014, respectively.
(Note): An average interest rate is the weighted average rate on the year-end balance of loans payable.
Bonds and long-term loans payable at March 31, 2015 and 2014:
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2015 2014 2015
Euro-yen convertible bond-type bonds with subscription
rights to shares due in 2015* ................................................... ¥ — ¥ 250 $ —
1.07% unsecured bonds due in 2015 .......................................... — 15,000 —
1.785% unsecured Eurobonds due in 2015 ................................. — 7,366 —
Euro-yen convertible bond-type bonds with subscription
rights to shares due in 2019* ................................................... 10,043 — 83,692
Loans principally from banks due within one year ........................ — 28,749 —
Loans principally from banks due over one year** ........................ 67,000 30,000 558,333
Total ................................................................................. 77,043 81,365 642,025
Less amount due within one year ................................................ —36,365 —
¥77,043 ¥45,000 $642,025
* Details of bonds with subscription rights to shares (“warrants”)
Euro-yen convertible bond-type
bonds with subscription rights to
shares due in 2015
Euro-yen convertible bond-type
bonds with subscription rights to
shares due in 2019
Type of shares involved common shares common shares
Price of warrants gratis gratis
Share issue price (Yen) ¥1,952 ¥2,061
Total issue amount (Millions of yen) ¥50,000 ¥10,050
Total value of new shares issued upon exercise of warrants — —
Warrant-linked 100% 100%
Period of exercise of warrants July 3, 2008 to March 17, 2015 August 6, 2014 to July 9, 2019
Upon request to exercise warrants in question, payments usually required for the issuance of the corresponding number of shares 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 subscription rights.
The conversion price of the euro-yen convertible bond-type bonds with subscription rights to shares due in 2019 was adjusted to ¥2,055.7 from
¥2,061 retroactive to April 1, 2015 pursuant to the terms and conditions of the bonds due to the payment of a year-end dividend of ¥22.50 per share
and an annual dividend of ¥35.00 per share. The General Meeting of Shareholders held on June 26, 2015 approved the payment of these dividends.
** The average interest rates were 0.4% and 0.5% per annum at March 31, 2015 and 2014, respectively. An average interest rate is the weighted
average rate on the year-end balance of loans payable.