Epson 2011 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2011 Epson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 98

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98

72
Thousands of U.S. dollars
March 31, 2011
Instruments
Notional
amounts Fair value
Unrealized
gains
(losses)
Forward exchange contracts:
Sold -
U.S. dollar (purchased Japanese yen) $219,425 ($3,944) ($3,944)
Euro (purchased Japanese yen) 186,975 (9,477) (9,477)
Sterling pound (purchased Japanese yen) 2,285 0 0
Australian dollar (purchased Japanese yen) 12,495 (469) (469)
Euro (purchased Singapore dollar) 1,178 (24) (24)
Australian dollar (purchased Singapore dollar) 60 (0) (0)
Purchased -
U.S. dollar (sold Japanese yen) 34,479 360 360
Euro (sold Japanese yen) 12 0 0
Indonesia rupiah (sold U.S. dollar) 20,998 938 938
Total $477,907 ($12,616) ($12,616)
The fair value is calculated based on prices obtained from financial institutions.
The table below lists notional amounts and fair value of derivatives as of March 31, 2010 and 2011, by
transaction and type of instrument, qualifying for hedge accounting.
(a) Currency-related transactions
Millions of yen
March 31, 2010
Instruments Hedged items
Notional
amounts Fair value
Forward exchange contracts:
Sold -
Euro (purchased Japanese yen) Forecasted transactions in
foreign currency sales ¥5,297 ¥179
Purchased -
U.S. dollar (sold Japanese yen) Forecasted transactions in
foreign currency purchase
1,077 38
U.S. dollar (sold Taiwan dollar) 283 (3)
Total ¥6,658 ¥215
Millions of yen
March 31, 2011
Instruments Hedged items
Notional
amounts Fair value
Forward exchange contracts:
Sold -
Euro (purchased Japanese yen) Forecasted transactions in
foreign currency sales ¥24,454 (¥598)
Purchased -
U.S. dollar (sold Japanese yen) Forecasted transactions in
foreign currency purchase
1,976 44
Total ¥26,430 (¥553)