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<Currency-related transactions>
At March 31, 2009
U.S. Dollars
(thousands)
Contract
Amount
Contract
Amount
Over 1 Year Fair Value Gain/Loss
Foreign Exchange Forward Contracts
To buy foreign currencies
U.S. Dollars $363,898 $218,918 $52,857 $ 16,786
Other currencies 85,694 34,918 51,653 10,224
To sell foreign currencies
U.S. Dollars 154,847 38,745 97,286 (22,806)
Other currencies 26,439 — 29,990 (3,561)
Foreign Exchange Options Contracts
To buy options
U.S. Dollars puts 2,918 —
<31> <—> 20 (10)
To sell options
U.S. Dollars calls 2,918 —
<31> <—> 133 (102)
Foreign Exchange Swap Contracts
Receive Pound Sterling/pay Euro 54,031 — (1,041) (1,041)
Receive Pound Sterling/pay U.S. Dollar or other currencies 70,980 — 92 92
Receive Euro/pay Pound Sterling 200,878 — 4,602 4,602
Receive Yen/pay Pound Sterling 30,173 — (2,031) (2,031)
Receive U.S. Dollar or other currencies/pay Pound Sterling 33,010 — 806 806
Total $ 2,959
Notes 1) Fair value is principally based on obtaining quotes from financial institutions signing the contract.
2) Collateral conditions are attached to some foreign exchange forward contracts and there is a possibility of a change in the contract amount and duration due to the
fluctuation of the currency exchange rate.
3) Option premiums are disclosed in brackets< >, and corresponding fair value and gains and losses are disclosed in the same line.
4) Derivative transactions which qualify for hedge accounting are excluded from the above table.
The Group adopts hedge accounting for its derivative transactions after assessing the effectiveness of its hedging.
Gains or losses on changes in the fair market values of the hedging instruments, which consist of forward exchange, option and swap
contracts and related complex contracts, are recognized as income when the related hedged items are reflected in income.
14. Supplementary Information to the Consolidated Balance Sheets
Receivables, trade from and payables, trade to affiliates at March 31, 2008 and 2009 are as follows:
Yen
(millions)
U.S. Dollars
(thousands)
At March 31 2008 2009 2009
Receivables, trade ¥33,791 ¥25,949 $264,786
Payables, trade 47,184 14,854 151,571
106 ANNUAL REPORT 2009
FUJITSU LIMITED
Notes to Consolidated Financial Statements