Epson 2010 Annual Report Download - page 63

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62
18. Cash flow information
Cash and cash equivalents as of March 31, 2009 and 2010, were as follows:
Thousands of
Millions of yen U.S. dollars
March 31 March 31,
2009 2010 2010
Cash and deposits ¥172,921 ¥193,117 $2,075,634
Short-term investments 102,014 51,511 553,643
Short-term loans receivables 10,000 10,000 107,480
Less:
Short-term loans payable (overdrafts) (4) (0) (0)
Time deposits due over three months (576) (27) (290)
Short-term investments due over three months (14) (11) (118)
Cash and cash equivalents ¥284,340 ¥254,590 $2,736,349
The Company obtained marketable securities, the fair value of which was ¥9,921 million and ¥9,918 million
($106,599 thousand) as of March 31, 2009 and 2010, respectively, as deposit for the short-term loans receivables
above.
19. Derivatives instruments
Epson enters into forward exchange contracts, currency options and interest rate swaps. Forward exchange
contracts and currency options are utilized to hedge currency risk exposure. Interest rate swaps are utilized to
hedge against possible future changes in interest rates on loans. Epson uses derivative instruments only for
hedging purposes and not for purposes of trading or speculation.
The table below lists notional amounts and fair value of derivatives as of March 31, 2009 and 2010, by
transaction and type of instrument, excluding derivatives qualifying for hedge accounting.
(a) Currency-related transactions
Millions of yen
March 31, 2009
Instruments
Notional
amounts Fair value
Unrealized
gains
(losses)
Forward exchange contracts:
Sold -
U.S. dollar (purchased Japanese yen) ¥462 ¥460 ¥1
Euro (purchased Japanese yen) 18,368 17,403 964
Australian dollar (purchased Japanese yen) 849 874 (25)
Euro (purchased Singapore dollar) 71 72 (0)
Australian dollar (purchased Singapore dollar) 1 1 (0)
Purchased -
U.S. dollar (sold Japanese yen) 2,129 2,142 12
Euro (sold Japanese yen) 323 326 2
Sterling pound (sold Singapore dollar) 1 1 0
U.S. dollar (sold Taiwan dollar) 281 293 11
U.S. dollar (sold Korean won) 715 676 (39)
Total
¥928