Epson 2009 Annual Report Download - page 62

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61
Thousands of U.S. dollars
March 31, 2009
Instruments
Contract
amounts Fair values
Unrealized
gains
(losses)
Forward exchange contracts:
Sold -
U.S. dollar (purchased Japanese yen) $4,692 $4,682 $10
Euro (purchased Japanese yen) 187,000 177,165 9,835
Australian dollar (purchased Japanese yen) 8,643 8,897 (254)
Euro (purchased Singapore dollar) 732 732 (0)
Australian dollar (purchased Singapore dollar) 10 10 (0)
Purchased -
U.S. dollar (sold Japanese yen) 21,683 21,805 122
Euro (sold Japanese yen) 3,298 3,318 20
Sterling pound (sold Singapore dollar) 10 10 0
U.S. dollar (sold Taiwan dollar) 2,871 2,982 111
U.S. dollar (sold Korean won) 7,278 6,881 (397)
Total unrealized gains from forward exchange contracts $9,447
These forward exchange contracts were entered into for hedging purposes. Unrealized gains and losses
from these contracts are recognized in earnings. Forward exchange contracts assigned individually to
monetary items denominated in foreign currencies are excluded from the above table.
There were no interest rate swap transactions outstanding at March 31, 2008 and 2009, other than
derivatives eligible for hedge accounting.
8. Short-term and long-term loans payable
Short-term loans payable and long-term loans payable at March 31, 2008 and 2009, comprised the
following:
Millions of yen
Thousands of
U.S. dollars
March 31 March 31,
2008 2009 2009
Amount Amount
Average
interest
rate Last due Amount
Short-term loans payable ¥25,283 ¥42,182 1.04% - $429,420
Current portion of long-term loans payable 73,047 18,543 1.04 - 188,771
Current portion of lease obligations 722 2,582 - - 26,308
Long-term loans payable from financial institutions 143,871 185,322 1.36 2014 1,886,613
Lease obligations 2 2,558 - 2017 26,040
Unsecured bonds issued by the Company 30,000 30,000 1.05 2010 305,406
Unsecured bonds issued by the Company 20,000 20,000 1.44 2012 203,603
Unsecured bonds issued by the Company 30,000 30,000 1.65 2011 305,406
Unsecured bonds issued by the Company 20,000 20,000 1.70 2012 203,603
Total ¥342,926 ¥351,189
$3,575,170
Average interest rates are calculated using weighted-average interest rates on bonds payable, short-term
loans payable and long-term loans payable as of March 31, 2009.