Casio 2016 Annual Report Download - page 35

Annual Report 2016 / 4634
CONTENTS
To Our Stakeholders Prole Special Features ESG Information Financial Section Corporate Data
(2) Interest rate-related derivatives
Millions of Yen
2016
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)
2016
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 ................. $30,973 $30,973 (Note) 2
Total............................................................................................... $30,973 $30,973 $—
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 ¥—
(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 Obligation
Short-term loans payable represent bank loans and their average interest rates were 0.2% per annum at
March 31, 2016 and 2015.
(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, 2016 and 2015:
Millions of Yen
Thousands of
U.S. Dollars
(Note 1)
2016 2015 2016
Euro-yen convertible bond-type bonds with subscription
rights to shares due in 2019*................................................... ¥10,033 ¥10,043 $ 88,788
Loans principally from banks due within one year ......................... ———
Loans principally from banks due over one year** ........................ 67,000 67,000 592,920
Total ................................................................................. 77,033 77,043 681,708
Less amount due within one year ................................................ ———
¥77,033 ¥77,043 $681,708
* Details of bonds with subscription rights to shares (“warrants”)
Type of shares involved common shares
Price of warrants gratis
Share issue price ¥2,055.7 ($18.19)
Total issue amount ¥10,050 million ($88,938 thousand)
Total value of new shares issued upon exercise of warrants —
Warrant-linked 100%
Period of exercise of warrants 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 a 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 ¥2,051.8
($18.16) from ¥2,055.7 ($18.19) retroactive to April 1, 2016 pursuant to the terms and conditions of the bonds due to the payment of a year-end
dividend of ¥22.50 ($0.20) per share and an annual dividend of ¥40.00 ($0.35) per share. The General Meeting of Shareholders held on June 29,
2016 approved the payment of these dividends of ¥22.50 ($0.20).
** The average interest rates were 0.3% and 0.4% per annum at March 31, 2016 and 2015, respectively. An average interest rate is the weighted
average rate on the year-end balance of loans payable.
Notes to Consolidated Financial Statements