Epson 2011 Annual Report Download - page 74

Download and view the complete annual report

Please find page 74 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

73
Thousands of U.S. dollars
March 31, 2011
Instruments Hedged items
Notional
amounts Fair value
Forward exchange contracts:
Sold -
Euro (purchased Japanese yen) Forecasted transactions in
foreign currency sales $294,095 ($7,179)
Purchased -
U.S. dollar (sold Japanese yen) Forecasted transactions in
foreign currency purchase
23,764 529
Total $317,859 ($6,650)
The fair value is calculated based on prices obtained from financial institutions.
(b) Interest-related transactions
Millions of yen
March 31, 2010
Instruments Hedged items
Notional
amounts
Due after
one year
Interest rate swaps:
Pay-fixed, receive-floating Floating interest rate in
long-term loans payables ¥78,822 ¥50,093
Millions of yen
March 31, 2011
Instruments Hedged items
Notional
amounts
Due after
one year
Interest rate swaps:
Pay-fixed, receive-floating Floating interest rate in
long-term loans payables ¥50,093 ¥50,000
Thousands of U.S. dollars
March 31, 2011
Instruments Hedged items
Notional
amounts
Due after
one year
Interest rate swaps:
Pay-fixed, receive-floating Floating interest rate in
long-term loans payables $602,441 $601,322
The fair value of interest rate swaps meeting certain hedging criteria and recognized under exceptional treatment
in Japanese accounting standards are not disclosed herein. They are included in the fair value of the long-term
loans payable disclosed in Note 21 “Financial risk management and fair value of financial instruments.”
21. Financial risk management and fair value of financial instruments
Financial risk management principles